Buoyed by a reduction in the island’s corporate tax rate and the sale of its equity stake in Consorcio de Tarjetas Dominicanas, S.A., Popular Inc. on Monday reported net income of $10.1 million for the first quarter ended March 31, an improvement over the net loss of $85.1 million during the same period the year before.
A little more than one-third of island business and residential consumers have done away with their landline service in the last decade. While the reasons may be more than a few, saving money by opting out of traditional phone service and the practicality of mobility are likely highly responsible for fixed lines going down the same path as rotary phones.
A delegation of 14 local companies organized by Puerto Rico Trade to participate in the international Expocomer 2011 fair held in Panama late last month generated nearly $5 million in immediate and future sales in the areas of technology, food, construction and renewable energy, the agency announced Monday.
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