Puerto Rico’s total bankruptcies down 8% in ’12
January 3, 2013
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.
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Puerto Rico TV veteran to head America CV Network
January 3, 2013
America CV Network announced Wednesday that veteran Hispanic television executive Rubén Torres-Muñoz has been named general manager for the Puerto Rico market.
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Ahead: Trade groups predict ’13 will be year to ‘refocus’
January 1, 2013
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.
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Ahead: Tourism industry’s success depends on ‘right decisions’
January 1, 2013
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.
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Ahead: Retail sector must ‘evolve, adapt’ in ’13
January 1, 2013
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.
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Business increases for plumbing companies during holiday season
December 26, 2012
The holidays are a time for family and friends, get-togethers and parties, and plumbing emergencies?
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In Review: Puerto Rico remains on map for travel, LMM P3 ‘done deal’
December 25, 2012
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.
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In Review: Telecom, tech sector invests heavily in networks, services
December 25, 2012
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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In Review: Puerto Rico banking, insurance sectors had busy year
December 25, 2012
Puerto Rico’s banking sector began seeing black this year, as the institutions began to slowly turn their finances around. A consolidation took place between Oriental and BBVA, while Doral struggled to remain above water.
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In Review: Economy ‘hot-button’ issue, auto sales move along
December 25, 2012
If there was one issue on most people’s minds this year was the state of Puerto Rico’s economy. Experts from all walks of life seemed to weigh in on the subject, concurring on a tough situation that has been slow to show signs of improvement.
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Business community spreads Christmas cheer
December 24, 2012
Christmas is a special time when many of us reflect on how thankful we are for what we have and are inspired to do something for those who are less fortunate. Whether it be through monetary donations, gifts, food, or music, we want to bring them joy and a little comfort during the holidays.
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U.S. Census survey gauges Puerto Rico’s schooling, jobs, housing
December 6, 2012
Salinas is the town with the highest level of preschool or nursery school enrollment, while Dorado has Puerto Rico’s highest level of residents holding at least a bachelor’s degree, according to the recent American Community Survey released Thursday by the U.S. Census Bureau.
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Guayacán picks EnterPRize competition winners
December 6, 2012
CitaMed.net, a start-up company that offers a fully automated medical appointment confirmation service for doctors appointments and other healthcare-related visits walked away as this year’s winner of the eighth annual edition of the “EnterPRize” business plan competition, sponsored by Grupo Guayacán.
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Latest boycott of ‘La Comay’ could be costly for WAPA TV
December 5, 2012
The backlash generated in response to recent comments made by puppeteer Antulio “Kobo” Santarrosa through his television show “SuperXclusivo” and female alter-ego “La Comay” about a gruesome murder that took place over the weekend could take a significant bite out of WAPA TV’s (Ch. 4) advertising revenue, as a handful of its major corporate sponsors pulled their ads from the prime-time slot Wednesday.
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Puerto Rico gets $10.5M from U.S. charities in ’07-’09
December 4, 2012
U.S. foundations awarded 263 grants totaling $10.5 million between 2007 and 2009 to recipient organizations in Puerto Rico. But despite the island’s higher poverty rate, stateside foundations gave proportionally less to the territory compared to some states with a similar number of Latinos, according to the “Foundation Funding for Hispanics/Latinos in the U.S. and for Latin America,” study conducted by Hispanics in Philanthropy.
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