Governor establishes manufacturing advisory council
June 4, 2011
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.
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HFA bond portfolios maintain “AAA” rating, get Fitch stable outlook forecast
June 3, 2011
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.
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Olive Garden eyes Dorado for 1st local restaurant
June 3, 2011
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.
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Former Colombian president promotes regional energy interconnection circuit, PPPs
June 3, 2011
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.
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NSF awards $42M contract to new Arecibo Observatory operator
June 2, 2011
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.
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Entrepreneur presents “The Glue Factor” book
June 2, 2011
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.
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U.S. Hispanic Women’s CofC to hold convention in P.R.
June 2, 2011
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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Consumer X-Ray preliminary results point to ‘savvy, cost-conscious’ shopper
June 2, 2011
Puerto Rican consumers are increasingly becoming more sophisticated and savvy when it comes to buying the food they consume, as they look for quality at good prices, the Food Marketing Industry and Distribution Chamber said Wednesday during a “sneak peek” of this year’s Consumer X-Ray study results.
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Fortuño signs off on $304M bond issue for road improvements
June 1, 2011
Gov. Luis Fortuño signed the law approving a $304 million bond issue to finance several infrastructure projects, mainly road improvements, planned throughout the island.
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Ciba Vision announces closing 5 months after receiving FDA warning
June 1, 2011
The once manufacturing-centric town of Cidra will see another of its industrial tenants shutting down in August, as a result of Wednesday’s announcement by Ciba Vision that it will cease production of its Specialty Soft line of contact lenses there.
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May bankruptcies continue double-digit drop streak, individuals pulling out of funk fastest
June 1, 2011
The number of bankruptcy cases filed in May reflected a year-over-year 14 percent drop, with a total of 970 cases filed, research firm Boletín de Puerto Rico said Tuesday.
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Chef Treviño’s Casa Lola Criollo Kitchen opens June 6
June 1, 2011
Local chef and restaurateur Roberto Treviño is less than a week away from opening his newest restaurant, Casa Lola Criollo Kitchen, just a short stretch down Ashford Avenue in Condado from where his three other other restaurants are located. The trendy eatery, which entailed remodeling the historic structure at an investment of more than $500,000, […]
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Polytechnic U breaks ground on $10M expansion, renovation project
June 1, 2011
Hato Rey’s Polytechnic University of Puerto Rico broke ground Tuesday on a $10 million renovation and expansion project for its main campus that will result in an improved multipurpose building and the addition of a new pedestrian access, school officials said.
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Banco Santander nabs SBA platinum award
May 31, 2011
Banco Santander de Puerto Rico recently received the U.S. Small Business Administration’s platinum award for its participation in the agency’s loan guarantee program for the Puerto Rico/U.S. Virgin Islands region.
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PPPA confirms 2 groups in the running for highway privatization project
May 31, 2011
The Puerto Rico Public-Private Partnerships Authority has confirmed Goldman Sachs and Morgan Stanley were the front-runners to bid for the privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo, a week after word got out that the New York-based investment banking firms were jockeying for the $1 billion contract.
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