Air travel between the United States and Cuba is about to get a bit more crowded with the announcement Thursday by Cuba Travel Services Inc. that it has received landing permission by the government of the island-nation to begin flights from San Juan, Ft. Lauderdale and Houston.
Citing damages caused following the passing of Tropical Storm Emily, Port Authority Executive Director Alberto Escudero announced Thursday the Federal Aviation Administration’s decision to close the air-traffic control tower at the Fernando Ribas Dominicci airport in Isla Grande.
A feasibility study commissioned by the U.S. Virgin Islands’ Water and Power Authority confirmed that connecting the territory with Puerto Rico’s and the British Virgin Islands is viable and could help the neighboring islands save money and provide better services.
A.M. Best, the world's oldest and most authoritative insurance rating and information source, recently affirmed the financial strength rating of “A” (Excellent) of the MAPFRE PRAICO Group and its affiliates, confirming their financial strength, company officials announced Wednesday.
The Second Judicial Circuit Court in Leon County, Florida ordered National Group Insurance Company, a subsidiary of Hato Rey’s embattled National Insurance Company, into receivership earlier this week, News is my Business learned.
Oriental Bank and Trust’s new and expanded commercial banking structure is starting to show the results of the growth that came with last year’s acquisition of the defunct Eurobank, with commercial loan production reaching $46 million during the second quarter, an increase of about 126 percent year-over-year, bank officials said Tuesday.
Looking to celebrate the Puerto Rican coffee industry's 275th anniversary, dozens of local brands, as well as representatives and suppliers of this important and emerging local industry, will gather for the second edition of the Puerto Rico Coffee Expo, Oct. 8-9 at the Puerto Rico Convention Center.
The Puerto Rico Convention Bureau will represent the Puerto Rico Convention Center during the upcoming American Society of Association Executives Annual Meeting & Expo taking place in St. Louis Aug. 6-9. The event is one of the convention industry’s largest gatherings of meeting planners of the year.
The approved plan to increase the United State’s debt ceiling will not solve the country’s fiscal problem, and could actually worsen it by reducing economic activity on the short- and mid-term, Sergio Marxuach, policy director for the Center for the New Economy said Tuesday.
Internet Service Provider Ayustar Corp. is facing a $25,000 fine from the Federal Communications Commission for allegedly operating a transmission system that is interfering with the Federal Aviation Administration’s Terminal Doppler Weather Radar, News is my Business learned.
Puerto Rico’s bankruptcy levels continued their downward trend last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help was reduced by 30 percent in comparison to the same month in 2010.
The hemisphere’s oldest operating governor’s mansion, La Fortaleza, will be going “green” after a $1 million investment to switch out energy-chugging lighting systems and air conditioning units for more efficient ones, government officials said Monday.
In what may constitute as yet another sign of economic improvement, the U.S. Small Business Administration confirmed it has approved nearly $65 million in loan guarantees during the first nine months of fiscal 2011, reflecting a 29 percent increase in year-over-year activity in Puerto Rico and the U.S. Virgin Islands.
The U.S. Department of the Navy’s Base Realignment and Closure Program Management Office is putting up for sale some 2,036 acres of land belonging to the former Naval Station Roosevelt Roads in Ceiba, announcing a public online auction on its Web site, where strikingly, it describes the land as ideal “for work or play.”
Merck & Co.’s reported plans to cut back its workforce by about 13,000 by 2015 will not affect its local operations, Frank Gutiérrez, general manager of Merck Puerto Rico and the Caribbean, said Friday.
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