DACO to review deceptive practices and ads regulation
December 26, 2013
In the wake of this year’s somewhat chaotic Black Friday sales event, the Consumer Affairs Department will take it upon itself to review the Regulation Against Deceptive Practices and Advertisements to, among other changes, require tighter language from retailers when it comes to special offers and item descriptions.
chat_bubble0 Comment
visibility4250 Views
Aaron Stewart opens shop at Dorado Ritz Carlton
December 26, 2013
Designer Aaron Stewart and his partner Fernando Rodríguez recently opened the Aaron Stewart Home Pop Up Store, at the posh Dorado Ritz Carlton Reserve’s Encanto Beach Club.
chat_bubble0 Comment
visibility3255 Views
Payless ShoeSource donates new shoes for Christmas
December 26, 2013
Some 730 children participating in programs run by several Puerto Rico nonprofits recently received gift cards from Payless ShoeSource as part of its “Shoes 4Kids” program, which seeks to help and deliver cheer to needy kids islandwide.
chat_bubble0 Comment
visibility3069 Views
Puerto Rico Senate approves Teacher’s Pension Reform
December 24, 2013
The Puerto Rico Senate approved late Monday the Teacher's Pension System reform bill submitted by Gov. Alejandro García-Padilla last week. The Senate's approval follows Saturday night's passage by the House of Representatives. The bill now goes to the governor's desk to be signed into law.
chat_bubble0 Comment
visibility3933 Views
OCIF ends probe of UBS Bank USA’s Puerto Rico dealings
December 23, 2013
The Office of the Financial Institutions Commissioner announced it has entered into an agreement with Utah-based UBS Bank USA through which the latter will transfer a securities-backed loan portfolio worth $562 million to UBS Financial Services Inc. of Puerto Rico.
chat_bubble0 Comment
visibility3884 Views
Puerto Rico banks tweak hours for Christmas holiday
December 23, 2013
Puerto Rico is said to have one of the longest Christmas holiday seasons on the planet, and for the next two weeks many businesses and government offices will operate on special schedules in observance of those days.
chat_bubble0 Comment
visibility3607 Views
Restaurants balk at new PRASA regulatory charge
December 20, 2013
The Puerto Rico Restaurant Association raised a red flag Thursday against the decision by the Aqueduct and Sewer and Authority’s examiner to enact an Environmental and Regulatory Compliance fee based on consumption for customers whose meters are less than 2 inches in diameter, and a flat rate for those with larger meters.
chat_bubble0 Comment
visibility3631 Views
Meet Puerto Rico appoints new board members
December 20, 2013
Meet Puerto Rico, the private organization which markets and sells Puerto Rico as a meetings and convention destination, recently announced the full slate of executives serving on the organization’s new board of directors.
chat_bubble0 Comment
visibility4292 Views
EPA report: Mazda is most fuel-efficient manufacturer
December 20, 2013
The U.S. Environmental Protection Agency recently released its “Light Duty Fuel Economy Trends” report, confirming Mazda Motor Corporation as the most fuel-efficient auto manufacturer in the U.S. With the highest fleet-wide adjusted fuel economy performance of 27.1 miles per gallon, and the lowest CO2 emissions of 328, Mazda led the EPA’s chart for model year 2012.
chat_bubble0 Comment
visibility3040 Views
Ferry service to Vieques, Culebra may be cut back in Jan.
December 19, 2013
Ferry service between Puerto Rico and its island municipalities of Vieques and Culebra could be be significantly cut back starting in January, because the government has apparently decided not to renew its contract with private operator Puerto Rico Fast Ferries, this media outlet learned Wednesday.
chat_bubble1 Comment
visibility5951 Views
Smuckers sues Nestle for copyright breach in Puerto Rico
December 19, 2013
Ohio-based J.M. Smucker Co. filed a $10 million lawsuit Wednesday against Nestle S.A. and Nestle USA, alleging copyright infringement of its trademark checkered pattern that the later company allegedly use to sell baby food products in Puerto Rico.
chat_bubble0 Comment
visibility4640 Views
MIDA sues gov’t over Puerto Rico ‘national tax’
December 19, 2013
The Puerto Rico Marketing, Industry and Food Distribution Chamber (MIDA for its Spanish acronym), filed a lawsuit Thursday against the government, asking the San Juan Superior Court to declare the so-called “national tax” unconstitutional and order the Treasury Department to immediately publish exemption regulations.
chat_bubble1 Comment
visibility4630 Views
Seaborne Airlines relocating HQs to Puerto Rico
December 19, 2013
Seaborne Airlines announced Wednesday it has reached agreement with the Commonwealth of Puerto Rico to relocate its corporate headquarters from St. Croix in the U.S. Virgin Islands to San Juan as part of a multi-faceted arrangement that calls for a $16 million investment from the government, officials announced Wednesday.
chat_bubble0 Comment
visibility10110 Views
CRIM launches 100-day amnesty, seeks to collect $60M
December 18, 2013
The Municipal Revenue Collections Center, known as CRIM by its initials in Spanish, announced Tuesday the start of a 100-day amnesty relieving taxpayers who are in arrears with the agency from paying interest, surcharges and penalties on their debt.
chat_bubble0 Comment
visibility4498 Views
Puerto Rico chosen for Puma Energy’s regional office
December 18, 2013
In less than 18 months, the town of Bayamón will become home to Puma Energy’s fifth worldwide regional office, joining Tallin (Estonia), Johannesburg (South Africa), Brisbane (Australia) and Singapore as key locations for the company, officials announced Tuesday.
chat_bubble0 Comment
visibility4675 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA