Banco Popular’s online platform nabs Global Finance award
July 29, 2011
For the second year in a row, Banco Popular’s Internet platform has been included among the region’s best performers as per Global Finance’s Best Internet Bank Award 2011 competition. The bank received the organization’s “Best Bill Payment and Presentment” distinction.
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PRT Larga Distancia becoming Claro Larga Distancia this weekend
July 29, 2011
Effective July 31, Puerto Rico Larga Distancia will be changing its name to Claro [6558_noti_imagen1_CLARO-Logo] Larga Distancia in response to the company’s strategy of unifying all of its services under a single brand. Claro will continue offering its long distance services under the same terms and conditions currently in place for PRT LD subscribers, company officials said.
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High-ranking government officials tout P.R. austerity measures at NLGA conference
July 28, 2011
The austerity measures put in place over the past two years have reduced Puerto Rico’s deficit and spurred economic growth, Gov. Luis Fortuño and his Economic Development and Commerce chief said in separate speeches offered on Wednesday’s session of the National Leutenant Governors Association convention taking place in San Juan.
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Companies to launch global e-mall with local flavor, sales estimates of $2M in 3 years
July 28, 2011
Guaynabo-based eGloboMall.com, a company dedicated to providing U.S.-based e-commerce retailers an outlet to sell their goods throughout Latin America, has granted a contract to Savtira Corp. to develop a cloud-based e-store to continue expanding its global footprint.
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McDonald’s: Nutritional upgrades to apply to P.R. restaurants
July 27, 2011
The menu changes announced Wednesday by McDonald’s that call for reducing calories and adding fruit to children’s Happy Meals, as well as improving choices for adults, will apply to Puerto Rico’s restaurants, operator Arcos Dorados said.
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American Eagle reinstates route to La Romana
July 27, 2011
American Eagle announced Tuesday plans to reinstate service to La Romana-Casa de Campo International Airport from Luis Muñoz Marín International Airport twice a week (Friday and Sunday) starting Nov. 18. The new service that was discontinued earlier this year will be operated with 64-seat ATR-72 aircraft.
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Caribe Hilton receives AAA distinction
July 27, 2011
The American Automobile Association (AAA) recently assigned its AAA Four Diamond Rating for 2011to the Caribe Hilton hotel in San Juan, a distinction it earned for its “exceptional accommodations, upscale facilities, attentive services and high hospitality standards.”
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Office Depot Foundation to donate 1,500 new backpacks to local school children
July 27, 2011
The Office Depot Foundation, Office Depot’s independent charitable division, will donate 1,500 new backpacks for Puerto Rico students through its National Backpack Program.
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Chevron to pump $5.2M in leak detection upgrades at 100 local Texaco stations
July 26, 2011
The Environmental Protection Agency announced Tuesday a settlement agreement with Chevron Puerto Rico, LLC through which the company will spend some $5.2 million to improve leak detection methods and operations at some 100 Texaco service stations. The company will also pay a $600,000 penalty.
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P.R.’s lack of power failure protection policies generate millions in losses
July 25, 2011
The island’s lack of a policy to protect against power failures and outages, energy fluctuations, and electricity quality problems that damage equipment is detrimental to business investments and triggers significant losses, Enrique Chávez, sales director for Mexico, Central America and the Caribbean of Eaton Corporation’s power quality division.
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P.R. pharma industry growth to remain stagnant, research firm says
July 25, 2011
Pharmaceutical companies doing business in Puerto Rico will not show any significant growth this year, pressured by upcoming patent expirations and underperforming economic conditions, Irish research firm Research and Markets said in its most recent industry report.
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S.J. Marriott launches $2.2M lobby renovation project
July 25, 2011
The San Juan Marriott Resort & Stellaris Casino in Condado is pumping $2.2 million into the transformation of its lobby and bar area, ushering in a new modern feel, hotel officials announced.
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P.R. lands major Caribbean tourism convention in ’12, ’13
July 23, 2011
Following a successful event last year, the Caribbean Hotel and Tourism Association and the Caribbean Tourism Organization announced Friday that the annual Caribbean Hotel and Tourism Investment Conference will return to Puerto Rico in 2012 and 2013. The event represents an economic boon for Puerto Rico and draws attention to the island as an ideal convention destination.
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Businesses in 12 rain-affected towns eligible for SBA-backed loans
July 23, 2011
Island small businesses in 12 towns affected by an episode of severe storms that caused flooding, mudslides, and landslides earlier this year can apply for recovery loans of up to $2 million, with U.S. Small Business Administration backing, the agency announced Friday.
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Oriental reports $25.3M in 2Q income
July 22, 2011
Oriental Financial Group Inc. released results for the second quarter ended June 30 that reflected income of $25.3 million, a significant increase from the $4.2 million loss reported for the same quarter in 2010 and a profit of $1.9 million for the first quarter that ended in March.
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