Just two days before the biggest shopping weekend of the year, Puerto Rico Trade predicted Tuesday that retail sales will increase by 3.3 percent during the Christmas season, if the pattern in local consumer purchases maintains the same growth rate registered in the period ended in September 2011, which was $2.9 million.
The New Year may usher the start of Internet Protocol TV in Puerto Rico, if Claro succeeds in negotiating the cable television franchise agreement recently obtained from the Telecommunications Regulatory Board.
Weekly IVU Loto drawings will offer higher prizes starting Nov. 29, in an effort by the Treasury Department to increase retailer participation rates from the current 33,250, agency chief Jesús Méndez said Monday.
Wireless provider Claro announced it is dropping the price of its basic Internet service to $20 a month to provide an entry-level alternative to that segment of the population that may not be able to afford a costlier option.
Puerto Rico Telephone/Claro’s parent company, América Móvil, and wireless provider AT&T announced Monday they have signed a strategic memorandum of understanding to explore ways of delivering enhanced communication services to multinational companies throughout Latin America and the rest of the world.
Some 87 retailers and wholesalers doing business in Puerto Rico that were sued in September for selling counterfeit Romero Britto items are facing what could be significant finds for not coming forward to negotiate, the lead attorney in the pop artist’s lawsuit, Dora Peñagarícano, told News is my Business.
Puerto Rico needs to be proactive and keep the pressure on the U.S. government, especially the Federal Communications Commission, to make sure the island gets the funding it needs to advance broadband deployment and availability, Henry Rivera, former agency member told the National Hispanic Caucus of State Legislators in Fajardo late last week.
A great product or first-class service is seldom enough to sustain a lasting impression among your customers. In today’s competitive market, a great branding strategy will help ensure that customers remember your business as the “go-to” source for their needs.
The Association of Marketing and Communications Professionals recently bestowed its Platinum Award to The Big Think Group a local public relations, communications and marketing firm, for its work with pharmaceutical Merck.
Indiana-based retailer Shoe Carnival announced Thursday its plans to break into the Puerto Rico market next year through the opening of four new stores.
Jacksonville, Fl.-based Sea Star Line LLC will have to pay a $14.2 million fine upon reaching a plea agreement with the U.S. Department of Justice’s Antitrust Division to settle a charge of violating federal antitrust laws with respect to Puerto Rico trade activity in a case dating to April 2008.
Telecommunications Regulatory Board Associate Member Nixyvette Santini filed a scorching dissenting opinion to the agency’s decision to grant Puerto Rico Telephone the cable franchise license it has been seeking since 2008, saying among other things that the order “is unfounded and lacks a responsible analysis that would look out for protecting the public interest and competitive environment.”
The Government Development Bank turned to the bond market last week, issuing $450 million in debt in less than a day, and will repeat the action again in two weeks, when it will seek to raise another $1.1 billion, agency President Juan Carlos Batlle said Thursday.
Pedro Fábregas, a long-time veteran of the airline industry has been promoted to senior vice president of customer service for American Eagle, a position from which he will be responsible for all airport and flight attendant operations for the more than 1,500 daily flights operated by American Eagle and its affiliate Executive Airlines.
The rollercoaster ride that began three years ago when Puerto Rico Telephone requested an islandwide cable television license from the Telecommunications Regulatory Board has seemingly come to a stop, with a decision by the agency to grant the petition.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA