Farmers grouped under the Puerto Rico Farm Bureau’s dairy sector could be forced to dump some 7 million quarts of raw milk at the farm level due to the inaction of the government agencies regulating the industry, which has left them with a surplus in production, trade group leaders said Friday.
Upon learning earlier this week that more than 200,000 local consumers are allegedly committing fraud with subsidies offered on residential and wireless telephone services, Sen. Lornna Soto will visit the Telecommunications Regulatory Board today to collect documents and other information that may be referred to local and federal law enforcement authorities.
Governor Luis Fortuño turned into law Thursday a bill to stimulate science and technology through the creation of the Puerto Rico Science, Technology and Research District and boost the financial support given to the Science, Technology and Research Trust.
First BanCorp President Aurelio Alemán echoed Thursday what many other banking executives have been saying in recent months: the sector is slowly starting to pick up the pieces after the storm, but much work remains ahead for it to thrive again.
Puerto Rico Hotel and Tourism Association members got a closer glimpse of the development projects underway in San Juan, where the municipal government is overseeing several initiatives: the Walkable City and the SATOUR light-rail transportation system.
The U.S. Small Business Administration guaranteed 656 loans in Puerto Rico and the U.S. Virgin Islands during fiscal year 2011, a 57 percent increase over loans approved during the previous year. The results obtained are due in part to incentives implemented under the Small Business Jobs Act of 2010 and to a renewed commitment from SBA lenders.
Open Mobile, the island’s only pay-for-play wireless service provider, is on the final stages of completing its 4G Long Term Evolution (LTE) network, which should be up and running before the end of this year, News is my Business learned Wednesday.
Domestic ocean shipping company Horizon Lines Inc. announced Wednesday its common stock will begin trading on the OTCQB Marketplace, effective today.
Popular Inc. sailed through its third consecutive quarter on the positive side, reporting $27.5 million in net income for the three-month period ended Sept. 30. The results were fueled by the sale of its non-performing loan portfolio and investment securities available-for-sale.
With just a week to go before the Oct. 26 deadline to submit disaster loan applications, the U.S. Small Business Administration announced Wednesday that so far it has approved $2 million in assistance for damages sustained by local businesses and residents in the wake of Hurricane Irene earlier this year.
Onelink Communications, the San Juan metropolitan area’s main cable television provider, will be investing some $26 million in network upgrades in 2012, on top of the $184 million it has pumped into its network in the last six years, company officials said Tuesday.
Walmart Puerto Rico is pushing forward with its expansion plans on the island, revealing plans to build a Supercenter in Toa Baja entailing a $25 million investment.
San Francisco-based frozen yogurt chain Froyoworld is making its debut in the Puerto Rico market with its first store that opened in Miramar this week, franchisee Ricky Lozada announced Tuesday.
The Puerto Rico Tourism Company is looking to establish “a solid exchnge” with the European travel market, in a bid to boost travel to the island as well as hotel registrations, which as of June 2011 had showed a 4.4 percent increase, agency Executive Director Mario González Lafuente said Tuesday.
In its most recent report on the impact of free trade zones across the U.S., the National Association of Foreign Trade Zones has classified Puerto Rico’s three facilities among the top 15 in the nation.
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