The U.S. Environmental Protection Agency announced it has formed an inter-agency effort to protect coral reefs off the shores of Puerto Rico and the U.S. Virgin Islands. The Caribbean Coral Reef Protection Group, which will consist of the EPA and other government agencies, will coordinate efforts to protect coral reefs.
Six years after introducing its high-quality, Greek-style yogurt to the Puerto Rican market, Orgánica Yogurts announced its decision to close down the business effective Tuesday.
The Consumer Electronics Association officially kicks off its 2013 International CES show today, featuring a record-breaking 1.87 million net square feet of exhibit space in Las Vegas, where the latest in technological innovation will be on display.
“Operación Empleo,” the new administration's first large-scale initiative through the Department of Economic Development and Commerce to offer workshops aimed at investors and private sector companies, will take place Jan. 16, government officials announced.
Throughout Hato Rey’s Golden Mile, sotto voce, there is talk about an imminent amendment to Law 154 to increase taxes on foreign corporations. Under the present law, the excise tax on these corporations just declined from 4 percent in 2011, to 3.75 percent in 2012, and effective this month down further to 2.75 percent.
As part of its commitment to the environment and sustainable development, Arcos Dorados, the company that manages the McDonald's brand in Latin America and the Caribbean, recently inaugurated the chain’s first ecological restaurant operating in Puerto Rico and the Caribbean.
The St. Regis Bahía Beach Resort in Río Grande, Puerto Rico’s only “AAA Five Diamond Rating” recipient, closed its second year of operations with about $30 million in revenue, representing a 10 percent year-over-year growth, hotel officials said.
America-CV Station Group Inc. recently chalked up a legal victory for itself in a squabble against Liberty Cablevision of Puerto Rico — which it took up with the Federal Communications Commission — over the airing of the MundoFox Network.
Kia Motors Puerto Rico is seeking a “Forte Driver” who will travel with two journalists and a company representative to the official presentation of the new and redesigned Forte 2014 in Arizona next month. The trip also includes a test drive to different places in the city of Scottsdale.
In about a week, the Federal Aviation Administration is expected to make its decision on the public-private partnership agreement through which the government of Puerto Rico would turn over the management of the Luis Muñoz Marín International Airport to Aerostar Airport Holdings for the next 40 years.
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.
The Buick Achievers Scholarship Program, funded by the General Motors Foundation, will accept applications for 2013 scholarships from Jan. 7 through Feb. 28, the automaker announced Thursday.
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 Rican women’s apparel retailer Gatsby is keeping its international expansion plans alive through the recent opening of its new 22,000 square-foot store in the Dominican Republic, the first of at least five that are slated to open in the next four years, company officials said Wednesday.
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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