InterMedia Partners VII, L.P. and Azteca Acquisition Corp. announced Thursday the signing of a definitive agreement under which InterMedia will merge Cine Latino, Inc. and InterMedia Español Holdings, LLC — which includes WAPA America and WAPA TV — with Azteca Acquisition Corporation in a transaction valued at approximately $400 million.
Bluewater Defense Inc., based in San Lorenzo, was recently awarded a contract for an unspecified number of Army combat uniform trousers for which it could make as much as $103.6 million by the Jan. 17, 2014 fulfillment date, the U.S. Department of Defense announced.
The challenges that Puerto Rico’s construction sector is facing, driven primarily by fiscal constraints and volatility in certain markets, will remain a constant in the next two years, when the industry will have to be creative to move forward, a well-known economist said during a recent forum.
Puerto Rican companies are still lagging well behind countries throughout Latin America in terms of fully incorporating social media platforms — Facebook, Twitter, YouTube, blogs and Google Plus — into their ongoing communications strategies, Burson-Marsteller’s “Latin America Social Media Check-up 2013” revealed.
Less than five weeks after being the target of an unprecedented boycott from a segment of Puerto Rico residents and advertisers, Antulio “Kobbo” Santarrosa the man behind the “La Comay” gossip puppet, allegedly walked off the show and the WAPA (Ch. 4) station late Tuesday.
Visa Inc. announced it reached $93 billion in total payments volume for the period ended on September 30, 2012, compared to $89 billion reported last fiscal year during the same period in the Caribbean and Latin American region, resulting from the sustained growth of debit and credit products in the region, particularly in countries such as Argentina, Brazil, Chile, Colombia, Mexico and Peru.
Puerto del Rey, the largest marina in the Caribbean located in Fajardo, filed for Chapter 11 bankruptcy protection late last week, listing $44.3 million in debt.
Puerto Rico’s bankruptcy filings were down 8 percent during the 12-month period that ended in December 2012, when a total of 10,362 petitions were filed at the U.S. Bankruptcy Court, according to preliminary statistics offered Wednesday by local research firm Boletín de Puerto Rico.
America CV Network announced Wednesday that veteran Hispanic television executive Rubén Torres-Muñoz has been named general manager for the Puerto Rico market.
As the new year rolls in, Puerto Rico’s main professional trade groups — the Puerto Rico Chamber of Commerce, the Puerto Rico Manufacturers Association and the CPA Society — are weighing in on what they believe the island will need to improve its economic condition and quality of life for its citizens.
While travel to Puerto Rico appeared to be picking up toward year’s end, industry components believe much work lies ahead to strengthen the sector and its contributions to the island’s overall economy.
While much has been said about “economic uncertainty” and “consumer confidence,” the fact is that Puerto Rico’s economy has been in a state of disarray for so long it has become the new normal. So says Francis González, vice president of property management for DDR Corp., owners of 15 shopping centers islandwide.
The holidays are a time for family and friends, get-togethers and parties, and plumbing emergencies?
Puerto Rico’s tourism and transportation industries were quite active in 2012, when a number of hotels opened for business — including the lavish Dorado Beach Ritz Carlton Reserve — and several others broke ground.
There was never a dull moment for Puerto Rico’s telecommunications and technology sectors, which have been seemingly unscathed by the island’s economic woes. Companies continued to invest aggressively in their networks throughout 2012 to launch new next-generation products and services.
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