‘I-Corps Puerto Rico’ mentorship program takes off
February 2, 2015
In its quest to assist entrepreneurs parlay their ideas into successful businesses, Grupo Guayacán has teamed up with the Georgia Institute of Technology for “I-Corps Puerto Rico,” a program offering mentorship and training over the next five weekends.
chat_bubble0 Comment
visibility3118 Views
Economist: VAT could lead to uncertainty, high inflation
February 2, 2015
The implementation of a value-added tax system in Puerto Rico to replace the current sales tax structure could have a number of consequences — from uncertainty to high inflation to lower than expected fiscal revenue — that have yet to be publicly discussed, economist firm H. Calero Consulting said in its most recent “Economic Pulse” publication.
chat_bubble0 Comment
visibility2697 Views
Puerto Rico still favorite travel spot for stateside tourists
January 30, 2015
Puerto Rico ranked 14th among the 50 most popular international destinations for North American travelers, according to Hotel.com’s Hotel Price Index for 2014.
chat_bubble0 Comment
visibility3334 Views
Statistics Institute to conduct census, survey tasks in P.R.
January 29, 2015
The Puerto Rico Statistics Institute will be taking over the task of conducting census and survey activities in Puerto Rico, following the signing of an agreement with the U.S. Census Bureau and the U.S. Department of Commerce, the local agency's Executive Director Mario Marazzi said Wednesday.
chat_bubble0 Comment
visibility2959 Views
Census: Puerto Rico loses 177K residents in 4 years
January 29, 2015
Puerto Rico has lost 177,392 residents either to migration or death in the last four years, putting pressure on the economy, as well as specific sectors, — such as retail — that will need to readjust their business models to provide for future consumer behavior.
chat_bubble0 Comment
visibility4019 Views
Puerto Rico retail sales up $20.1M in October
January 29, 2015
Puerto Rico’s retail sale saw a $20.1 million increase in October, when activity exceeded $3.22 billion, Puerto Rico Trade and Export, the government agency that tracks this economic sector, said Wednesday.
chat_bubble0 Comment
visibility3982 Views
FDIC advises Doral to accept buyout offers from rivals
January 29, 2015
In a letter sent to Doral Bank earlier this week, the Federal Deposit Insurance Corp. advised the financially crippled bank to “accept an offer to combine with another insured depositary institution,” or improve its capital levels to once again be considered as “adequately capitalized.”
chat_bubble0 Comment
visibility3606 Views
P.R. jobless rate at 13.7% in Dec., labor force loses 25K
January 28, 2015
Puerto Rico’s labor force had 25,000 fewer members in December, when compared to the same month in 2013, which could account for the lower unemployment rate announced by the Labor Department Tuesday.
chat_bubble0 Comment
visibility3798 Views
Public, private sectors back energy subsidy reform
January 28, 2015
About 32 percent of Puerto Rico Electric Power Authority customers receive some sort of a subsidy on their monthly bills, which is floated by those who pay the full rate.
chat_bubble0 Comment
visibility2951 Views
Seaborne Airlines launches San Juan/Nevis connection
January 28, 2015
With the addition of a new air connection between the Luis Muñoz Marín International Airport in San Juan and Nevis, to be operated by Seaborne Airlines, tourism executives from the neighboring island touted Tuesday the benefits they offer Puerto Rican visitors.
chat_bubble0 Comment
visibility2581 Views
Agencies join to battle $5M-a-year copper theft problem
January 27, 2015
The Puerto Rico Telecommunications Regulatory Board and the Puerto Rico Police Department signed an agreement Monday to step up the fight against copper theft, which represents about $5 million in annual losses for public and private sector companies.
chat_bubble0 Comment
visibility3152 Views
Blizzard cripples air travel; grounds 27 P.R./US flights
January 27, 2015
The massive blizzard that is clobbering the northeastern United States crippled air travel between Puerto Rico and that part of the mainland Monday, when 27 inbound and outbound flights at the Luis Muñoz Marín International Airport were grounded by mid-afternoon.
chat_bubble0 Comment
visibility3636 Views
Medtronic completes $50B acquisition of rival Covidien
January 27, 2015
Medtronic plc, a global developer of medical technology, services and solutions, announced Monday it has successfully completed the previously announced acquisition of Covidien plc, in a cash-and-stock transaction valued at some $49.9 billion.
chat_bubble0 Comment
visibility4922 Views
Weekend Wheels: Fiat 500L is fun, fearless…and fast
January 26, 2015
The Fiat 500L is one of those vehicles that, upon first glance, can fool anybody into thinking that it’s all about looks.
chat_bubble0 Comment
visibility2706 Views
Freelancers band together to offer range of services
January 26, 2015
More than 500 independent professionals have joined a network that aims to generate and identify work opportunities in Puerto Rico, with the idea of navigating the current economic conditions.
chat_bubble0 Comment
visibility3753 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA