The Puerto Rico Association of Insurance Companies announced Monday that the probe launched in 2010 by federal authorities has concluded without any claims filed against the organization that has represented Puerto Rico insurance providers since 1975.
Grace Santana, who is pulling double-duty for the Gov. García-Padilla administration as head of the Puerto Rico Infrastructure Financing Authority as well as the Public-Private Partnerships Authority, is a firm believer that the private sector should take over the task of developing new infrastructure projects when the government can’t — but not take over existing facilities through long-term contracts.
Wireless provider AT&T launched a program on May 1 giving clients who trade in their current smartphones at least $100 toward the purchase of a new one, including the new Samsung Galaxy S 4, BlackBerry Z10, 32 GB HTC One, and the iPhone 5.
The Compulsory Insurance Joint Underwriters Association (known as ASC by its initials in Spanish) recently announced it has extended its call center hours in benefit of Puerto Rico clients.
Banco Cooperativo recently launched its new “Zona Card,” a MasterCard debit card exclusive for the “Z” generation — 16 to 25 year-olds — available at participating credit unions. BanCoop also launched a mobile application that will help clients locate credit unions and ATMs affiliated with the Red Coop24 network.
Criticism to the bill proposing amendments to Puerto Rico’s sales and use tax code poured in Thursday from many of the island’s most prominent professional organizations, which essentially agreed that eliminating certain exemptions would have a “devastating” effect on businesses and consumers.
Telecommunications carrier Claro de Puerto Rico has reported 280 incidents of copper theft at its facilities this year — mostly along the island’s southwestern region — that not only cause service interruptions, but represent a safety risk as well. Last year, the company saw $4 million in losses related to the proliferation of the problem, company executives said.
The Puerto Rico Telecommunication Regulatory Board has granted authority to Dallas-based Blue Jay Wireless, LLC as an “eligible telecommunication carrier,” to offer wireless service to qualified low-income residents under the Lifeline Program, company officials announced Thursday.
Popular Inc. announced Thursday that at its annual meeting of stockholders, held on April 30, approved the reelection of a director and the election of a new director to its board of directors.
In keeping with “its legacy of innovation, quality and service excellence,” retailer SuperMax announced Thursday the availability of new departments and services at its Ponce Town Center Store to offer consumers “a new shopping experience.”
Green Energy Renewable Solutions Inc. announced Thursday it has decision to step back from the proposed $100 million landfill and renewable energy project it planned to build in Yabucoa, along Puerto Rico’s southeastern flank, due to lack of funding.
Puerto Rico Statistics Institute Executive Director Mario Marazzi asked the Legislature to assign the agency a budget of a little more than $1.2 million for fiscal 2014, when it has set out to undertake 25 projects to expand and improve information databases.
The head of the Puerto Rico Society of CPAs expressed concern Wednesday over the changes the current administration is proposing to the sales and use tax structure, specifically, the elimination of the business-to-business exemption.
Triple-S Management Corporation, a managed care company in Puerto Rico, announced Wednesday consolidated revenues of $592 million and consolidated operating income of $22.7 million for the three months ended March 31, 2013.
The Holmes Report has named global public relations firm Burson-Marsteller the “2013 Latin American Agency of the Year.” This recognition comes to the firm after a year of growth and award-winning work in the Latin American region. The Holmes Report will present the award at its annual SABRE Awards Dinner on May 7 in New York City.
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