For Puerto Rico Bagel Co., the third time’s the charm
November 18, 2019
Sometimes, the third time’s the charm for achieving success. This may just be the case for the island’s only New York-style bagel restaurant, which after several attempts at starting the business, has finally found a home at the Paseo Caribe complex. The concept was born in 2015, when Alvin Quiñones and former business partner Dimitri […]
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Paseo Caribe courting locals, tourists with renewed entertainment/dining proposal
November 13, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/11/Paseo-Caribe-podcast-mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSTen days after Hurricane María slammed into Puerto Rico in September 2017, Paseo Caribe resumed operation of its oceanfront mixed-use complex. And despite challenges such as the exit of tenants from El Mercado food court and its retail areas, operator CPG Island Servicing continues to […]
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FCC sets Dec. 9 deadline to apply for $258.8M in recovery funding
November 8, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/09/NIMB-Podcast-AJIT-PAI-FCC_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSTelecommunications service providers in Puerto Rico and the U.S. Virgin Islands have until Dec. 6, 2019 to apply for support through the Federal Communications Commission’s $258.8 million allocation to rebuild and expand 4G LTE and 5G technologies for voice and broadband service in the aftermath […]
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T-Mobile to light up 5G on Dec. 6, vows to ‘transform’ wireless service
November 8, 2019
Wireless carrier T-Mobile announced plans to light up nationwide 5G on Dec. 6, covering more than 200 million Americans and more than 5,000 cities and towns across the country, including areas in Puerto Rico. In a press release, the carrier also unveiled a three-pronged strategy for customers to make the most of the next-generation network […]
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Call center Commsense marks 5 yrs. in Aguadilla with growth plans
November 7, 2019
Call centers operator Commsense is marking its fifth anniversary on the island with an aggressive job creation plan to continue developing its operations in Aguadilla, Johanna Stien, vice president of operations, confirmed. “We’ve been successful thanks to the quality of the talent that we managed to recruit in the area and to the clients who […]
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3 Sears, 5 Kmart stores closing in Puerto Rico, pushing total to 14
November 6, 2019
TransformCo, parent company of Sears and Kmart announced an additional eight Sears and Kmart stores will be closing in Puerto Rico. The closure, which includes five Kmart and three Sears, responds to part of the restructuring and transformation process through which the store chain has been working for the past year. The stores closing include […]
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Air Canada, WestJet launch seasonal air routes from Canada to San Juan
October 31, 2019
Two of Canada’s main airlines — Air Canada and WestJet — have launched seasonal service between that country and Puerto Rico, this media outlet confirmed. Canada’s largest airline, Air Canada, began seasonal operations to Puerto Rico Sunday, Oct. 27, with two weekly flights (Saturdays/Sundays) from Toronto. Starting Feb. 17, 2019, the carrier will increase the frequency […]
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Taubman ‘actively looking’ for new tenant for former Saks location at The Mall of SJ
October 30, 2019
In the wake of Saks Fifth Avenue’s exit from The Mall of San Juan, the shopping center’s owner, Taubman Centers, is “actively looking” for either one or several tenants to move into the 100,000 square-foot space, executives said during a conference call with analysts. Robert Taubman, CEO of Taubman Centers Inc., said, “It could be […]
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Saks Fifth Avenue officially pulls out of The Mall of San Juan after 2-year litigation
October 30, 2019
More than two years after shutting down, Saks Fifth Avenue has confirmed it will not reopen the only store it had in Puerto Rico at The Mall of San Juan, putting an end to a court battle with mall operator Plaza Internacional Puerto Rico. The litigation began in October 2017, when Plaza International — the […]
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Casino Metro marks 10th anniversary with $1M software upgrade, full agenda
October 29, 2019
The Casino Metro, which at 23,000 square feet is Puerto Rico’s largest such venue, is marking its 10th anniversary on Nov. 17 at the Sheraton Puerto Rico Hotel at the Miramar convention district. Ismael Vega, the facility’s general manager, said to stay on top of the latest trends the casino recently invested $1 million in […]
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Puerto Rican brand Goya keeps title as ‘most recognized brand’ in annual study
October 25, 2019
Food brand Goya kept its title as Puerto Rico’s most recognized and remembered brand according to the results of the annual “Marcas que Marcan” study commissioned by the Puerto Rico Sales and Marketing Association to Gaither International. The familiar brand garnered 24% of the consumer’s recognition and is followed by Nike and Coca-Cola — which […]
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Popular Inc. CEO: ‘The 3 local banks that will remain will compete fiercely’
October 24, 2019
If the two banking consolidations currently underway in Puerto Rico materialize, after the dust settles, the trio of big financial institutions that will be left will “compete fiercely” for the local market, Popular Inc. CEO Ignacio Álvarez said. While Oriental is moving forward on its acquisition of Scotiabank’s assets in a deal that should close […]
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3Q19 passenger traffic up 5.7% year-over-year at Luis Muñoz Marín Int’l Airport
October 24, 2019
Passenger traffic at the Luis Muñoz Marín International airport was up 5.7% during the third quarter ended Sept. 30, in comparison to the same three-month period last year, Grupo Aeroportuario del Sureste, parent company of the airport’s operator Aerostar, announced. The number references the airport’s recovery following the impact of Hurricane María, which hit the […]
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First BanCorp. reports $46.3M in net income for 3Q19
October 23, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/10/NIMB-Podcast-First-Bank-acquires-Santander_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSFirst BanCorp., parent company of FirstBank Puerto Rico reported net income of $46.3 million, or $0.21 per diluted share, for the third quarter of 2019, compared to $41.3 million, or $0.19 per diluted share, for the second quarter of 2019, and $36.3 million, or $0.16 […]
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FirstBank CEO says Santander acquisition is ‘transformational for the company’
October 23, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/10/NIMB-Podcast-First-Bank-acquires-Santander_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSAurelio Alemán, CEO of First BanCorp., the parent company of FirstBank, explained what the acquisition of Banco Santander’s assets in Puerto Rico will represent for the market and the financial institution he heads. He also went over aspects of the bank’s third quarter results, released […]
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