Puerto Rico lottery players now have a new option through which to buy their tickets: brightly colored, free-standing, self-service ticket vending machines recently installed at several big box retailers in the San Juan metropolitan area. Lottery officials are betting the machines could generate close to an extra $1 million a year in gaming sales, this media outlet learned Tuesday.
Salus, an ambulatory health care medical and dental provider in the San Juan metropolitan area, has become the first member of the Mayo Clinic Care Network in Puerto Rico and the Caribbean, officials from both medical institutions announced earlier today.
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.
Los retos a los que se enfrenta el sector de la construcción en Puerto Rico, impulsados principalmente por las restricciones fiscales y la volatilidad en determinados mercados, seguirán siendo una constante en los próximos dos años, en los que la industria tendrá que ser creativa para seguir adelante, según afirmó un conocido economista durante un foro celebrado recientemente.
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.
Con la llegada del nuevo año, las principales asociaciones profesionales de Puerto Rico —la Cámara de Comercio de Puerto Rico, la Asociación de Fabricantes de Puerto Rico y la Sociedad de Contadores Públicos Certificados— están evaluando lo que, en su opinión, necesitará la isla para mejorar su situación económica y la calidad de vida de sus ciudadanos.
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?
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