‘Follow2unfollow’ social media effort sweeps Cannes
June 25, 2013
“Follow2unfollow,” the Twitter-led campaign developed as a crime deterrent, won multiple Lion Awards recently at the Cannes Lions Festival in the south of France. The campaign, led by Starcom MediaVest Group Puerto Rico for the Puerto Rican government, won a Silver and a Bronze Public Relations Lions, a Bronze Promo & Activation Lion and a Bronze Media Lion.
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Puerto Rico programmers off to Russia for Microsoft Imagine Cup
June 25, 2013
The PsyTrack team, a group of programmers from various universities in Puerto Rico, will represent the island in the Microsoft Imagine Cup Software World Cup to be held July 8–11 in St. Petersburg, Russia.
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CiCi’s Pizza targets Puerto Rico for int’l expansion
June 24, 2013
Coppell, Texas-based CiCi’s Pizza, the casual dining restaurant know for its mile-long endless pizza buffet, recently confirmed plans to expand its footprint beyond the continental United States, targeting Puerto Rico, Mexico and Canada for future store openings.
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Treasury urges individuals, businesses to tap into tax amnesty
June 24, 2013
Puerto Rico Treasury Secretary Melba Acosta urged taxpayers and businesses to catch up on their tax debts during the amnesty period ending June 30, while announcing that starting July 1, the agency, in tandem with the Justice Department will be “much more active” in submitting tax evasion cases in court, especially those related to withheld taxes, either from employees or citizens who paid the sales and use tax.
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Gvelop unveils option to reduce commercial energy costs
June 24, 2013
It’s no secret that Puerto Rico’s permanently high energy costs are the thorn in many wallets, especially the commercial sector’s. In an attempt to help businesses shrink those costs by as much as 40 percent, local energy consulting firm Gvelop unveiled its “DownYourBill” project proposal over the weekend at the community pharmacies convention.
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San Juan tops Fly.com’s list of summer travel hotspots
June 24, 2013
To celebrate the first day of summer, Fly.com identified America's 20 most popular international destinations for summer travel. At the top of the list is San Juan, Puerto Rico, which beat out second-place finisher London, England, by a 16 percent margin.
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USDA opens grants cycle to improve rural housing quality
June 24, 2013
The U.S. Department of Agriculture is accepting applications for grants to help low- and very-low-income rural residents repair their homes.
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Bath & Body Works expediting plans to open 3 stores in Puerto Rico
June 21, 2013
Fragrance and body care retailer Bath & Body Works is moving full steam ahead with plans to make its debut in Puerto Rico, where it will reportedly open three stores, two of them before year’s end — earlier than initially announced.
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Tourism Co. launches ‘Summer is easy in Puerto Rico’ campaign
June 21, 2013
Puerto Rico is celebrating the beginning of summer by offering exceptional discounts on more than 60 hotels and flights to the island from select U.S. cities, when booking now through the "Summer is Easy in Puerto Rico" promotional campaign, Tourism Company Executive Director Ingrid Rivera announced Friday.
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First BanCorp sells $223M of non-performing residential mortgage loans, OREO
June 21, 2013
First BanCorp, the parent company of FirstBank Puerto Rico, announced today it has completed a sale of non-performing residential mortgage loans with an unpaid principal balance of $236.6 million (book value of $203.6 million), as well as other real estate owned (“OREO”) properties with an appraised value of $22.3 million (book value $19.2 million).
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Puerto Rico gov’t unveils fixes for Highway Authority finances
June 21, 2013
The Puerto Rico government’s economic team presented four measures to shore up $280 million for the Highway Authority, which is deep in the hole with the Government Development Bank, to which it owes $2.1 billion.
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MIDA: Puerto Rico consumers have ‘adapted’ to crisis
June 21, 2013
Puerto Rican consumers in charge of making household food purchases are increasingly adapting their buying strategies to their economic circumstance, buying more generic or private-label goods, using manufacturers coupons and adding longer-lasting frozen foods to their shopping list.
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Ford grants $40K for environmental conservation projects
June 21, 2013
Fourteen local non-profit organizations in Puerto Rico will be expanding their environmental conservation efforts this year after being awarded a total of $40,000 by Ford Motor Company’s Environmental Grants Program.
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LIU LatAm offers maritime cargo insurance to Puerto Rico
June 21, 2013
Liberty International Underwriters is adding maritime cargo insurance to its Puerto Rico portfolio, looking to tap into that business line via a web-based service through which clients can obtain required coverage for their inbound and outbound shipments.
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Triple-S Salud, MasterCard appoint new leadership
June 21, 2013
Triple-S Salud and MasterCard announced appointments for their Puerto Rico markets.
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NIMB ON SOCIAL MEDIA