Ports opens RFP for Puerto Rico’s 1st mega yacht marina
May 14, 2015
The Puerto Rico Ports Authority on Wednesday announced the opening of a request for proposals for leasing, development, financing, construction and operation of a marina for mega yachts and transform the dry dock of San Juan into a leading center for repair and maintenance of vessels.
chat_bubble0 Comment
visibility6056 Views
García-Padilla asks for support of 13.25% VAT
May 13, 2015
Saying it “is the best option” to solve the government’s fiscal problems, Gov. Alejandro García-Padilla re-introduced Tuesday a proposal to establish a value added tax system he said would generate more than $2.5 billion in net revenue for the cash-strapped administration.
chat_bubble0 Comment
visibility3449 Views
MIDA: Consumers cut monthly grocery spending by 14%
May 13, 2015
Puerto Rican consumers have reduced the how much they spend on monthly groceries by 14 percent, to $425 from $492, representing a major challenge to local retailers, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
chat_bubble0 Comment
visibility3641 Views
Treasury reports $1.3B in April revenue, is short $97M
May 12, 2015
The Puerto Rico Treasury Department revealed Monday that it shored up more than $1.3 billion in revenue for the government, but admitted it fell short by $97 million compared to estimates.
chat_bubble0 Comment
visibility2339 Views
$9.8M DownTown Caguas project to rehab urban center
May 12, 2015
Stagione Designs and the Caguas Municipal government announced Monday a sweeping $9.8 million plan to revitalize the town’s urban center, christened as DownTown Caguas.
chat_bubble0 Comment
visibility4382 Views
Spanish investors on mission to Puerto Rico this week
May 11, 2015
The Spanish Institute for Foreign Trade, in collaboration with the Department of Economic Development and Commerce, have organized the first mission of Spanish investors to visit this island this week, the Puerto Rico government agency announced.
chat_bubble0 Comment
visibility3135 Views
Starbucks launches loyalty program in Puerto Rico
May 11, 2015
Starbucks Puerto Rico has launched its rechargeable card as part of its “My Starbucks Rewards” customer loyalty program.
chat_bubble0 Comment
visibility6173 Views
Bahía Plaza, retail tenants announced for Paseo Caribe
May 7, 2015
CPG Real Estate, the company tasked with developing the upscale Paseo Caribe project in San Juan, announced Wednesday the arrival of high-profile retail tenants, as well as the availability of residences at Bahía Plaza, the newest of the three towers at the complex.
chat_bubble0 Comment
visibility6427 Views
P.R. ranks 55th on WEF’s tourist-friendly countries list
May 7, 2015
Puerto Rico positioned itself 55th out of 141 of the globe’s most tourist-friendly countries listed in the World Economic Forum’s global Travel & Tourism Competitiveness Index released Wednesday.
chat_bubble0 Comment
visibility5300 Views
$70M Mennonite hospital planned for Coamo golf course
May 7, 2015
With an initial investment of some $70 million, the Mennonite Health System will begin construction of the first and only hospital located on the grounds of a golf course in Puerto Rico.
chat_bubble0 Comment
visibility4274 Views
Money Express marks 20 years despite market volatility
May 7, 2015
Small loans company Money Express, a FirstBank sister operation, is marking 20 years of doing business in Puerto Rico, where it commands a 22 percent market share with a $104 million loan portfolio.
chat_bubble0 Comment
visibility5172 Views
Robot that serves frozen yogurt debuts in Cayey
May 7, 2015
Puerto Rican firm Robofusion PR on Wednesday unveiled what is possibly the island’s first robot-operated frozen yogurt machine, up and running at the Econo grocery store in Cayey.
chat_bubble0 Comment
visibility4945 Views
Telecom Board edifying on human rights in Internet era
May 6, 2015
The Puerto Rico Telecommunications Board is heading a collaborative effort with the Baltasar Garzón International Foundation, headed by Spanish Judge Baltasar Garzón, to educate local judges and attorneys on human rights in the Internet era.
chat_bubble0 Comment
visibility2888 Views
Long-time Bankers Association executive VP retires
May 6, 2015
Arturo Carrión, who for the last 29 years served as executive vice president of the Puerto Rico Bankers Association, is retiring from his post on June 30, when he will be succeeded by Zoimé Álvarez-Rubio, trade group President José Rafael-Fernández announced Tuesday.
chat_bubble0 Comment
visibility3021 Views
Cuts loom as gov’t confirms $441M deficit for Fiscal ’16
May 5, 2015
Members of Gov. Alejandro García-Padilla’s fiscal team confirmed Monday the government will likely have to implement cutbacks across the board to address the $441 million deficit it is facing for the start of Fiscal 2016.
chat_bubble0 Comment
visibility3105 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA