The public and private sectors released sharply contrasting economic productivity reports Thursday that on the one hand claimed an increase in public revenue collections, while on the other denoted a significant contraction in manufacturing sector activity.
In an effort to safeguard the rights of all consumers living in Puerto Rico against illegal and discriminatory practices by companies that offer goods and services, especially online, Consumer Affairs Secretary Luis G. Rivera Marín and acting governor, Kenneth McClintock, signed an administrative order Thursday creating the Anti-Discrimination Commercial Office.
The Puerto Rico Hotel and Tourism Association is moving forward with making the establishment of a destination management organization, or DMO, for Puerto Rico a reality, organization executives said Wednesday.
Nonprofit group Grupo Guayacán Inc. announced Wednesday the Sept. 27 deadline to present executive summaries of new entrepreneurial projects as part of the seventh annual EnterPRize business plan competition. Winners stand to receive prizes in cash and services valued at $200,000.
The Internet Society of Puerto Rico will sponsor its fourth forum of the year on Sept. 8, when executives from Banco Popular, FirstBank and Oriental Bank will discuss the topic of “Internet service delivery from the banking perspective.” The event will take place at Microsoft Corp.’s facilities at City View Plaza in Guaynabo, starting at 8 a.m.
Looking to continue building upon the services it offeres in the area of investments, Oriental Financial Services will officially inaugurate today its new brokerage office in Hato Rey. The inauguration had to be pushed off a week because of Hurricane Irene.
Chocolate lovers, rejoice. During the month of September, Krispy Kreme Doughnuts will be offering three new sweet treats dressed in brown: Triple Chocolate Filled, Double Chocolate Iced and Almond Chocolate Cake.
The Puerto Rico Telecommunications Board have come to an agreement to grant the franchise license to Claro, putting an end to a three-year process that has kept the carrier from competing with the island’s cable companies.
No sooner had the U.S. Department of Justice filed a lawsuit in a Washington D.C. court to block the proposed $39 billion takeover by AT&T of T-Mobile’s operations, when AT&T shot off a letter expressing its “disappointment” in the government’s action.
Earlier this month, Banco Popular announced it had entered into an agreement with American Airlines Inc. to become the exclusive issuer of AAdvantage co-branded credit cards in Puerto Rico and the U.S. Virgin Islands. On Tuesday, both companies formalized the new partnership, offering details of the benefits now available to cardholders.
While commending the current administration’s “follow-through” attitude toward the cruise ship industry, Michele Paige, president of the Florida Caribbean Cruise Association said Puerto Rico has a lot to gain from the trade group’s upcoming 18th annual conference happening in San Juan in October.
Two days after ratings agency A.M. Best downgraded its ratings, National Life Insurance Company announced its operational results for the first six months ended June 30, reporting $4.5 million in net revenue.
The Private Sector Coalition is looking to create a multi-sectoral working committee to ask Congress to amend Section 243 of the U.S. Internal Revenue Code, so that corporations established in Puerto Rico can benefit from the same special tax rates given to domestic companies operating stateside.
World economies that are either stagnant or not growing as much as they should need to go back to basics, build upon their resources and take stock of what they have to offer the rest of the planet to be able to move forward.
The U.S. Small Business Administration and the Economic Development Bank announced Monday the availability of emergency and disaster loans for small and mid-sized businesses, as well as homeowners, whose property was either lost or damaged by Hurricane Irene.
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