Oriental grants $1.4M loan to Bettina Cosmetics Inc.
July 29, 2014
Oriental Bank’s corporate banking division recently granted Puerto Rican company Bettina Cosmetics Inc. a loan exceeding $1.4 million, in keeping with its goal of supporting the island’s economic development.
chat_bubble0 Comment
visibility4560 Views
UTC Aerospace Systems expands Puerto Rico presence
July 23, 2014
UTC Aerospace Systems announced Tuesday, in tandem with the government that it has created more than 200 jobs in recent months in its affiliates in Puerto Rico, where it plans to invest an additional $9M in its Santa Isabel operations to meet increased demand for its products.
chat_bubble0 Comment
visibility10422 Views
BlueMountain Capital Management sues gov’t, PREPA
July 22, 2014
BlueMountain Capital Management, LLC filed a lawsuit on Tuesday against the government of Puerto Rico, challenging the legality of a new law that allows certain public corporations to avoid their debts.
chat_bubble0 Comment
visibility4073 Views
Gov’t defends strategy, lays out numbers for investors
July 18, 2014
Gov. Alejandro García-Padilla and members of his fiscal team faced investors during a webcast Thursday, during which they defended the administration’s strategy thus far to turn around the island’s grim financial situation.
chat_bubble0 Comment
visibility3689 Views
DR/PR ferry to resume route after 3-month hiatus
July 18, 2014
Three months after dropping anchor on its maritime route between Puerto Rico and the Dominican Republic, America Cruise Ferries will resume offering the service today, following a $6 million mechanical and esthetic remodeling of the Caribbean Fantasy ship.
chat_bubble0 Comment
visibility3772 Views
Sam’s exports Café Yaucono, Arroz Rico to Florida clubs
July 18, 2014
Sam’s Club announced Thursday it will begin selling Café Yaucono and Arroz Rico to its stores in Florida as part of its program to export Puerto Rican products to areas with a large community from the island.
chat_bubble1 Comment
visibility4188 Views
LG G3 smartphone debuts in Puerto Rican mobile market
July 18, 2014
Following its strong debut in South Korea, LG Electronics (LG) will begin its global rollout of its G3 smartphone starting next week, in partnership with several carriers, including Claro, T-Mobile and AT&T in Puerto Rico.
chat_bubble0 Comment
visibility3100 Views
Oriental’s check-image deposit transactions exceed $1M
July 17, 2014
Less than a year after launching, Oriental’s check-image deposit service, “FotoDepósito” has generated more than $1 million in transactions from customers using their smartphones to interact with the bank, officials said Wednesday.
chat_bubble0 Comment
visibility5268 Views
AT&T expands 4G LTE to Vega Alta, Toa Baja, Cayey
July 17, 2014
As part of its continuing network investment and ongoing 4G LTE rollout, AT&T has added three mobile Internet cell sites in Vega Alta, Toa Baja and Cayey to expand its 4G LTE coverage for area residents and businesses, the company announced this week.
chat_bubble0 Comment
visibility3652 Views
Cruise ship traffic, passengers spike at Port of San Juan
July 15, 2014
Cruise ship traffic and passenger arrivals at the Port of San Juan reflected significant growth in May and June, when they jumped by 53 percent and 49 percent year-over-year, respectively, Ports Authority Executive Director Víctor Suárez said Monday.
chat_bubble0 Comment
visibility4341 Views
PRHTA to host talk on boosting job performance
July 15, 2014
The Puerto Rico Hotel and Tourism Association announced Monday the upcoming seminar, “Managing time and energy: fundamentals of high performance,” through which it seeks to help participants elevate job performance and daily life.
chat_bubble0 Comment
visibility3244 Views
TransCita increases fleet to 130 vehicles
July 14, 2014
What started as an entrepreneurial idea seven years ago to transport patients to medical appointments and treatments employing only four vehicles, recently increased its fleet of vehicles to 130 to provide non-emergency health transportation to services throughout Puerto Rico, company officials announced.
chat_bubble0 Comment
visibility4497 Views
Puerto Rico has ‘no plans’ to default, gov’t officials say
July 11, 2014
High-ranking Gov. García-Padilla administration officials came out once again in defense of recent decisions aiming to boost Puerto Rico’s credit and ensure long-term fiscal and economic sustainability — most of which have generated strong backlash from stateside ratings agencies.
chat_bubble1 Comment
visibility3883 Views
Consumer X-Ray: Buyers want more than better prices
July 11, 2014
Although the price of goods is still a determining factor, Puerto Rico consumers are demanding more elements to complete their in-store experience at the time of making their purchases.
chat_bubble0 Comment
visibility3806 Views
Puerto Rico auto sales hit 5th consecutive drop in June
July 11, 2014
The United Automobile Importers Group (known as GUIA for its initials in Spanish), raised a red flag Thursday over the unstoppable slide Puerto Rico’s auto sales have gone into over the past five months, a trend upheld in June, when activity was down 15.8 percent.
chat_bubble0 Comment
visibility3868 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA