Internet engagement continues growing in "leaps and bounds" in Puerto Rico, reaching 57 percent of use among island residents 12 and older, representing a little more than 1.8 million users, according to the results of the 2013 “SME Digital & Mobile Behavioral Study,” commissioned and revealed by the Sales and Marketing Executives Association Thursday.
Puerto Rico’s unemployment rate dropped to 13.7 percent in April, reaching the lowest level since 2008. However, Labor Department data released Thursday also shows that the island’s labor force decreased by 10,000 to 1.1 million last month, when compared to the prior month and by 31,000 year-over-year.
Puerto Rico Trade Executive Director Francisco Chévere and Fajardo Mayor Aníbal Meléndez officially opened the new facilities of the Eastern Region Business Development Center with the goal of offering support to the area’s small and mid-sized businesses.
Medical device manufacturers Covidien in Ponce and CooperVision in Juana Díaz confirmed Wednesday separate expansions that will create a combined 550 jobs in Puerto Rico’s southern region.
Credit ratings agency Moody’s Investor Service issued a report Wednesday saying that Commonwealth employee retirement system (ERS, for short) reform and the projected changes to the sales and use tax system are both positives for the island’s credit, despite the ongoing fiscal indebtedness.
Young & Rubicam unveiled Wednesday its new shopper marketing division, known as Labstore, through which it will develop strategies that “positively engage shoppers at the point of sale.”
The Board of Directors of the Puerto Rico Convention Bureau announced Wednesday the appointment of Milton Segarra-Pancorbo as president and CEO of the nonprofit organization dedicated to driving meetings and conventions to the island. He will begin his tenure in early June.
Looking to rescue Puerto Rico’s dwindling coffee industry and increase production of the aromatic brew, Agriculture Secretary Myrna Comas-Pagán signed Wednesday several contracts to prompt the availability of 16 million coffee trees in the near future.
Mexico’s second largest air carrier, Interjet, made its debut in the Puerto Rico last night, with the arrival of its first chartered flight from Mexico City, carrying 150 passengers.
With the intention of promoting the development of alternative renewable energy sources, Gov. Alejandro García-Padilla signed three executive orders Tuesday that establish an orderly plan that will gradually replace Puerto Rico’s high dependence on fossil fuel energy sources and set the rules for the use of new energy alternatives for the island.
Gov. Alejandro García-Padilla, flanked by members of the current and previous administration, inaugurated Tuesday the second phase of the Bahía Urbana redevelopment project in Old San Juan, between Piers 7 and 8, at a cost of $40 million. The new facilities will create 100 direct and indirect jobs.
Puerto Rican natural product company Vita Natura announced Tuesday an expansion plan that includes opening three new stores in Puerto Rico and two in stateside later this year.
AT&T’s “It Can Wait” campaign to end texting and driving was significantly bolstered Tuesday by the commitment of several carriers, including Sprint and T-Mobile, as well as more than 200 other organizations to join the movement.
Puerto Rico Agriculture Secretary Myrna Comas told lawmakers during budget hearings Monday that upon arriving to the agency in January, she uncovered an entity “in a precarious situation, with the lowest budget in its history, only 337 employees, no updated agricultural statistics, and no field level progress reports to evaluate and track work."
First BanCorp on Monday announced the U.S. Bankruptcy Court for the Southern District of New York denied the bank’s motion for summary judgment filed in connection to $66.6 million it had posted as collateral with Lehman Brothers Inc., which filed for Ch. 11 nearly five years ago.
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