The Puerto Rico Public Finance Corporation placed and sold $410 million in bonds in the local market, the proceeds of which the agency will use to refinance existing debt and save $6.6 million in interest payments.
The Private Sector Coalition unveiled a strategic plan Wednesday that includes “concrete proposals” to draw attention to unattended sectors and make way for new development standards and job creation to stimulate the economy in the short and long term.
Puerto Rico has more than 100 shopping malls, which generate about 20 percent more sales per square foot than their counterparts on the U.S. mainland.
Two locally recognized executives, Miguel A. Ferrer and Gabriel Hernández, have pooled their knowledge to launch a publication entitled “Puerto Rico is the Answer” that highlights the advantages Puerto Rico offers in a wide range of sectors to the investment community.
The W Retreat & Spa – Vieques Island and the Copamarina Beach Resort & Spa in Guánica were the recent recipients of “Certificate of Excellence” awards from renown travel site TripAdvisor, the hotels announced separately.
Supermercados Econo, in conjunction with 17 companies, announced the second phase of its “Gestos Positivos Pásalos Pa’lante” (“Positive Gestures, Pay them forward”) corporate social responsibility program will kick off Saturday.
Healthcare information systems and connectivity solutions provider NextGen Healthcare Information Systems LLC and Dell announced Wednesday an agreement with Puerto Rico Hospital Supply Inc. to jointly market and deliver advanced technology solutions and services to medical practices of all sizes and physician networks throughout Florida, the Caribbean, and opportunity to expand into the Central and South American markets.
Puerto Rico’s public finances have stabilized but are still weak, its indebtedness levels and rates are unsustainable, its fiscal viability over the medium term is uncertain, and its economic outlook remains quite modest, said the Center for the New Economy’s Policy Director Sergio Marxuach during an analysis of the administration’s current and future budgetary activity.
Puerto Rico consumers reduced their monthly grocery spending by 10 percent year-over-year to $507 in 2012 from $561 in 2011, marking the first time a drop has been registered since 2005, the Marketing, Industry and Food Distribution Chamber, known as MIDA, said Tuesday.
Focusing on three pillars — support, discipline and passion — Banco Popular launched Tuesday the second phase of its “Echar pa’lante” (“Moving Forward”) institutional campaign centered on the image of Puerto Rico track and field overachiever Javier Culson.
Puerto Rico’s high asthma rates, and recycling and pollution prevention efforts were some of the issues on the agenda of a meeting that took place late last week between the U.S. Environmental Protection Agency and local government representatives in New York, the agency said Monday.
Tourism Company Executive Director Luis Rivera-Marín on Monday went to check the work being done in the area of ground transportation service at Terminal A, what is now known as the JetBlue Terminal at the Luis Muñoz Marín International Airport.
Although this year’s hurricane season is just getting underway, several of the island's wireless carriers have disclosed their network preparedness and recovery plans, confirming their ability to be ride any storm that heads Puerto Rico’s way.
Puerto Rico’s commercial radio industry is marking a significant milestone this year, when it will commemorate 90 years since WKAQ-AM, its first station, went on the air in 1922.
The historic town of San Germán recently chalked up another significant feat by becoming the home of Puerto Rico’s first solar-powered gas station, a Texaco location that invested $269,500 to convert its systems, the Energy Affairs Administration said Friday.
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