Bristol-Myers Squibb Company announced a $165 million expansion of its facility in Humacao to add manufacturing capacity that will prepare the plant for the production of additional medicines.
The Tourism Co. has designated a 16-town cluster straddling Puerto Rico’s central mountain region from Lares to Cidra as the new “Porta Cordillera” tourism region, which joins five other areas where municipalities have banded together to develop travel and leisure-related economic activity.
Technology giant Hewlett-Packard announced the appointment of long-time local executive Martin Castillo as general manager of its enterprise group and director for the Caribbean region. He succeeds José Fernando Meléndez, who retired after spending 13 years with the company, the last two as general manager of HP Puerto Rico.
Puerto Rican firm Fusionworks Inc. recently became the first in Puerto Rico and the Caribbean to become certified by software giant SAP as a "Partner Center of Expertise,” the company announced Monday.
The Puerto Rico Telecommunications Regulatory Board has yet to receive Liberty Cablevision of Puerto Rico’s application asking for approval of its proposed acquisition of OneLink Communications, but it has already opened a 30-day public comment window to allow consumers and competitors to weigh in on the proposed transaction.
The Puerto Rico Chamber of Commerce, through its public service campaign "Drive the business of your life," aimed at enhancing the island’s productivity, announced a collaboration agreement with Cemex, FirstBank and the Association of Private Colleges and Universities to develop a unified internship program for college students.
Moody's Investors Service Inc. disclosed Thursday it has upgraded the M Rico Industrial Development Company's general purpose revenue bond rating to “Baa1” from “Baa2” and changed the outlook to stable. This decision came even though Pridco has some $210 million of outstanding debt.
Puerto Rico technology firm Nagnoi Inc. scored another accomplishment recently, through its inclusion into the 2012 Forrester Research Business Intelligence Service Providers Shortlist.
The third edition of the Puerto Rico Coffee Expo is bumping up its offering this year, integrating chocolate products and suppliers, organizers said Thursday.
Insurance credit ratings agency A.M. Best Co. announced Thursday it has revised Universal Life Insurance Company’s outlook to “positive” from “stable” and affirmed its financial strength rating of B++ (Good) and “bbb+” issuer credit rating.
Javier Hidalgo-Blázquez, President and CEO of Santander BanCorp and Santander Puerto Rico, resigned to his positions to assume new responsibilities within the bank’s parent company, Grupo Santander in Spain. However, bank officials did not say Thursday when his resignation will take effect.
The Minority Media and Telecommunications Council recently weighed in on Puerto Rico’s lagging broadband availability and use, saying the U.S. and the Federal Communications Commission have the responsibility of helping the island move forward in deployment and consumer adoption.
The Government Development Bank’s Economic Activity Index for the month of April reached 128.2 during April 2012, an increase of 0.1 percent when compared to April 2011 and the fifth consecutive month of positive year-over-year growth since recession began in 2006, the agency said Wednesday.
To mark its second anniversary, Huellas-Footprints Corp., an organization dedicated to developing corporate social responsibility strategies and creating share value initiatives, recently struck an alliance with the Puerto Rico Manufacturers Association to provide its expertise to the trade group.
The U.S. Environmental Protection Agency is providing a $60,000 grant to ENLACE, an organization that serves communities along the Martin Peña Channel in San Juan to educate people about water quality in the canal and what can be done to reduce pollution.
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