Puerto Rico chosen for Puma Energy’s regional office
December 18, 2013
In less than 18 months, the town of Bayamón will become home to Puma Energy’s fifth worldwide regional office, joining Tallin (Estonia), Johannesburg (South Africa), Brisbane (Australia) and Singapore as key locations for the company, officials announced Tuesday.
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Survey: Puerto Ricans are loyal to favorable workplaces
December 16, 2013
When it comes to accepting and staying at a job, Puerto Rican employees value a positive work environment over higher pay, according to some of the results included in the 6th Employment Survey conducted by nonprofits Universia and Trabajando.com this year.
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Study: Financial education key to Puerto Rico ‘millennial’
December 13, 2013
Puerto Rico’s “millennials,” the segment of the population comprising 18 to 30 year-olds, believe that financial education is a very important factor in achieving personal financial stability, a recent MasterCard study on basic financial knowledge revealed.
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8 yrs. later, construction to resume on Science City
December 12, 2013
Construction will resume on a project announced in October 2007, known as the Science City in Río Piedras, to provide Puerto Rico with the infrastructure to compete globally in the research industry and the development of new cancer treatments, Gov. Alejandro García-Padilla said Wednesday.
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New Jewish center to pump $5M into local economy
December 11, 2013
The construction of a Chabad Jewish Center in Isla Verde will inject $5 million into the local economy and create 50 direct and indirect jobs, Gov. Alejandro García-Padilla said Tuesday at the groundbreaking for the project.
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Labor law firm Littler expands to Puerto Rico
December 11, 2013
Littler, the world’s largest employment and labor law practice representing management, will combine with Puerto Rican law firm Schuster Aguiló, effective Jan. 1, 2014.
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EVERTEC launches sale of 15M shares of common stock
December 10, 2013
San Juan-based transaction processing firm EVERTEC Inc. announced Monday the start of an underwritten public offering of 15,287,473 shares of its common stock by an affiliate of Apollo Global Management, LLC, Popular Inc., and certain company officers and employees.
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APER hosting forum on renewable energy challenges
December 9, 2013
The Association of Renewable Energy Producers will host Tuesday a forum focusing on industry issues and the challenges the sector faces in Puerto Rico related to infrastructure, pricing and economic matters.
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Filming of ‘22 Jump Street’ to pump $9M into economy
December 6, 2013
For the next two weeks, parts of San Juan will become the backdrop for the filming of “22 Jump Street,” a Hollywood production that is expected to pump $9 million into the Puerto Rican economy.
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Manufacturers worried over possible minimum wage hike
December 6, 2013
Following President Barack Obama’s announcement of his intention to revisit the proposal to increase the federal minimum wage to between $9 and $10 an hour starting in 2015, the Puerto Rico Manufacturers Association on Thursday raised a warning flag over the possible effects the hike could have on local companies given the island’s economic situation.
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Puerto Rico places 33rd in international corruption index
December 4, 2013
Puerto Rico slipped one notch to 33rd place in Transparency International’s Corruption Perceptions Index 2013, but remains among the world’s cleanest countries in terms of levels of dishonesty in the public sector. In 2012, the island placed 32nd.
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Hospitals ponder uniform fees to draw medical tourism
December 3, 2013
The Puerto Rico Hospitals Association is evaluating the idea of attracting medical tourists to the island by offering uniform rates for medical procedures.
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Scrub Island files Ch. 11 to deflect FirstBank receivership
December 2, 2013
Scrub Island Development Group Ltd., the owner of a posh resort in the British Virgin Islands, has filed for Chapter 11 protection in a Florida bankruptcy court to ward off a request for receivership granted to FirstBank Puerto Rico through which it seeks to collect on a $108 million loan.
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San Jorge Hospital to attend mental issues with new wing
December 2, 2013
Fresh from a recent $30 million investment in a new four-story building housing an expanded emergency room, San Jorge Children's Hospital is readying for yet another service expansion.
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Renace Condado lights up Christmas tree
November 28, 2013
For the 6th consecutive year, a 30-foot tall, traditional Christmas tree stands in the Parque Las Nereidas, across the street from La Concha Renaissance Resort, to usher in the holiday season, gifted by Renace Condado, a nonprofit, nonpartisan community action group dedicated to beautifying and improving the high-tourist zone, and co-sponsored by the Ashford Presbyterian Community Hospital.
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