Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
Moody's Investors Service announced Wednesday it has assigned provisional ‘Baa3’ ratings to Aerostar Airport Holdings, LLC's $350 million of senior secured bonds. The outlook is stable. Bond proceeds will be used to partially fund the acquisition of a long-term lease to operate the Luis Muñoz Marin Airport.
Residents and businesses in Puerto Rico affected by heavy rains and flooding on Nov. 12- 13, can apply for low-interest disaster loans from the U.S. Small Business Administration, agency Administrator Karen G. Mills announced Wednesday.
Less than a year after opening its doors in San Juan’s trendy Condado area, the O:live Boutique Hotel — owned by entrepreneurs Loisse Herger and Fernando Dávila — is cutting the ribbon on its “Rooftop Club,” an outdoor tapas and bar area overlooking the Condado Lagoon.
The U.S. Small Business Administration announced that it is adding a new award in celebration of National Small Business Week 2013. The “Small Business Exporter of the Year” award will recognize a small business that is successfully engaged in exporting.
Less than five weeks after being the target of an unprecedented boycott from a segment of Puerto Rico residents and advertisers, Antulio “Kobbo” Santarrosa the man behind the “La Comay” gossip puppet, allegedly walked off the show and the WAPA (Ch. 4) station late Tuesday.
The U.S. Environmental Protection Agency announced it has formed an inter-agency effort to protect coral reefs off the shores of Puerto Rico and the U.S. Virgin Islands. The Caribbean Coral Reef Protection Group, which will consist of the EPA and other government agencies, will coordinate efforts to protect coral reefs.
Six years after introducing its high-quality, Greek-style yogurt to the Puerto Rican market, Orgánica Yogurts announced its decision to close down the business effective Tuesday.
The Consumer Electronics Association officially kicks off its 2013 International CES show today, featuring a record-breaking 1.87 million net square feet of exhibit space in Las Vegas, where the latest in technological innovation will be on display.
“Operación Empleo,” the new administration's first large-scale initiative through the Department of Economic Development and Commerce to offer workshops aimed at investors and private sector companies, will take place Jan. 16, government officials announced.
As part of its commitment to the environment and sustainable development, Arcos Dorados, the company that manages the McDonald's brand in Latin America and the Caribbean, recently inaugurated the chain’s first ecological restaurant operating in Puerto Rico and the Caribbean.
The St. Regis Bahía Beach Resort in Río Grande, Puerto Rico’s only “AAA Five Diamond Rating” recipient, closed its second year of operations with about $30 million in revenue, representing a 10 percent year-over-year growth, hotel officials said.
America-CV Station Group Inc. recently chalked up a legal victory for itself in a squabble against Liberty Cablevision of Puerto Rico — which it took up with the Federal Communications Commission — over the airing of the MundoFox Network.
Kia Motors Puerto Rico is seeking a “Forte Driver” who will travel with two journalists and a company representative to the official presentation of the new and redesigned Forte 2014 in Arizona next month. The trip also includes a test drive to different places in the city of Scottsdale.
In about a week, the Federal Aviation Administration is expected to make its decision on the public-private partnership agreement through which the government of Puerto Rico would turn over the management of the Luis Muñoz Marín International Airport to Aerostar Airport Holdings for the next 40 years.
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