Several initiatives are in the works to strengthen the island’s small and mid-sized businesses, including developing a website through which local companies can explore export opportunities, especially to countries in the Caribbean and Latin America.
A little over a year after acquiring a plant formerly owned by Biovail in Dorado, Blu Caribe announced Wednesday a $2.5 million upgrade to its plant that will create 115 new jobs and allow the addition of more products to its manufacturing line in coming months.
Although the government has managed to successfully contain public spending since 2008, the island’s indebtedness rate has soared at a faster pace than its Gross National Product during the last three years, currently reaching a 50-year high.
In the six-month period between Dec. 1, 2010 and June 3, 2011, the Permits Management Office has received 23,112 permit applications online, of which 71 percent have been processed, the head of that agency said during a public hearing Tuesday.
Just a little over three years after opening its first store in Puerto Rico, home décor retailer Pottery Barn is reportedly closing its doors at the mall.
Software giant Microsoft has reportedly been using three jurisdictions where it operates outside the United States — Puerto Rico, Ireland and Singapore — as tax shelters to reduce its federal tax bill, the Financial Times reported.
P.F. Chang’s China Bistro is making its entrance into the Puerto Rico culinary arena with the opening of its first restaurant at Plaza las Américas, local franchisee International Restaurant Services Inc. announced Monday. The two-story, 8,000 square-foot restaurant will be located at the mall’s first level, between the entrances to Borders and BBVA, with access […]
Casa Lola Criollo Kitchen, the latest restaurant to join Chef Roberto Treviño’s thriving portfolio of eateries, opens its doors today, adding to the Condado area’s vibrant culinary offering.
During his participation during the last day of the Puerto Rico Manufacturers Association’s 83rd annual convention Saturday, Gov. Luis Fortuño signed an executive order to create an advisory council on manufacturing issues, that will have participation from the public and private sectors.
New York-based credit ratings agency Fitch Ratings affirmed Friday its “AAA” rating on the Puerto Rico Housing Finance Authority’s $191 million mortgage subsidy program single family mortgage revenue bonds.
Popular sit-down Italian restaurant chain Olive Garden is looking to establish its first location on the island, at the Doramar Plaza mall in Dorado, News is my Business has learned.
One of the great challenges for Latin American and Caribbean countries is solving their energetic needs now and in the future. While turning to alternate energy sources is a virtual requirement to address demand, Álvaro Uribe, former President of Colombia, believes building an “interconnection circuit” in the region is another feasible way to go.
The National Science Foundation has granted California-based SRI International a $42 million contract to manage the Arecibo Observatory for the next five years starting Oct. 1, it was announced Thursday.
Local entrepreneur and professional speaker Frances Ríos recently presented her first book, “The Glue Factor,” through which she seeks to help readers learn how to get their message across to any audience.
Miami-based United States Hispanic Women Chamber of Commerce will expand its reach to Puerto Rico later this year, when it holds its “Connecting Women, Empowering Minds” convention on the island, event organizers said this week.
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