Despite not having yet completed the transition through which it will officially take over control of the Luis Muñoz Marín International Airport in Carolina, Aerostar Holdings is already planning major changes for services available to passengers, mostly related to concessions and transportation.
OFG Bancorp, which until earlier this week was known as Oriental Financial Group Inc., revealed its first quarter results Thursday, which reflected income of $17.7 million for the three-month period, up from the $9.5 million reported for the same year-ago quarter.
New car sales in Puerto Rico showed a 6.5 percent drop in March, a decline that affected many of the most popular brands, including Toyota, Ford and Chrysler, the United Automobile Importers Group known as GUIA revealed Wednesday.
Walmart Puerto Rico announced Wednesday it has entered into a 12-month purchase agreement with local manufacturer Softex for $1.9 million in paper goods, which will substitute product imports, officials from both companies said.
Doral Bank unveiled details Wednesday of the second edition of its “Mujeres d Éxito,” institutional program that aims to bolster Puerto Rican women’s professional and economic development. The bank will be investing $1 million in several initiatives within the community program, namely “Despegue Empresarial,” “Fondo Doral,” “Internado Doral” and “Ruta Mujeres d Éxito.”
The International Medical Tourism Center announced Wednesday it has begun offering its services in Puerto Rico as part of its expansion from Costa Rica.
The U.S. Small Business Administration, the Federal Reserve Bank of New York, the Federal Deposit Insurance Corporation and the Puerto Rico Small Business & Technology Development Center will host a Government Procurement Forum on April 30 starting at 8 a.m., to help facilitate business development opportunities for small firms seeking contracts with federal and local government agencies.
The second Economic Development Summit took place at the Puerto Rico Convention Center Tuesday, when members of Gov. Alejandro García-Padilla’s economic team summarized what agencies have been up to since January to further the administration’s agenda to spur private-sector jobs and activity.
The Puerto Rico Restaurant Association balked at the the Family Department's Socioeconomic Development Administration’s decision to nix the “Buen Provecho” initiative that for the past 29 months allowed the elderly, homeless and handicapped persons to use their nutritional assistance funds to buy prepared fast-food meals.
Banco Popular de Puerto Rico announced Tuesday it has approved a $40 million credit line for the construction of the San Fernando de la Carolina hospital in Carolina, a project the municipality announced late last year.
With a varied representation of products and services from Puerto Rican companies this weekend, the Puerto Rico Products Association will confer its Awards for Excellence in Quality, reaffirming the importance of supporting and recognizing local entrepreneurs, the trade group said Tuesday.
Top executives from Pattern Energy, owner and operator of the 101.2 mega-watt wind energy facility in Santa Isabel, met Monday with Economic Development and Commerce Secretary, Alberto Bacó, and other top Puerto Rico administration officials to reiterate its commitment to the island’s renewable energy agenda.
A local delegation of 27 teams under the leadership of the Puerto Rico Institute of Robotics excelled in world championship competition held this past weekend at the Anaheim Convention Center, picking up 12 international awards.
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
The U.S. Environmental Protection Agency is honoring individuals and organizations in Puerto Rico and the U.S. Virgin Islands by bestowing upon them Environmental Quality Awards for their achievements in protecting public health and the environment.
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