Ad agencies gear up for 32nd ‘Cúspide’ awards
April 29, 2013
The Puerto Rico Advertising Agencies Association is getting ready to celebrate its 32nd edition of the “Cúspide Advertising Festival 2013,” when it will honor the island’s best ad campaigns. The event taking place May 2-4 will also integrate an educational track and a television special, organizers said.
chat_bubble1 Comment
visibility3895 Views
Tiny St. Kitts & Nevis enjoys hotel, cruise-ship bonanza
April 29, 2013
The twin-island nation of St. Kitts & Nevis — one of the world’s smallest independent countries — will add some 1,000 upper-end hotel rooms to inventory during 2013, said Prime Minister Denzil Douglas.
chat_bubble0 Comment
visibility4427 Views
Puerto Rico’s Destilería Serrallés gets top exporter honor
April 29, 2013
For the past six years, Destilería Serrallés has experienced consistent growth, achieving nationwide distribution of its flagship product, Don Q, in the United States, and breaking into international markets including the United Kingdom, France, Spain, Italy, Slovenia, Mexico and Panama. This growth has led the Puerto Rican company to exceed sales of 300,000 exported cases per year.
chat_bubble0 Comment
visibility2217 Views
Puerto Rico governor unveils $9.8B budget, sales tax to drop to 6.5%
April 26, 2013
Puerto Rico Gov. Alejandro García-Padilla presented Thursday a consolidated budget of $29 billion and an operating budget of $9.83 billion for fiscal 2014, representing a $750 million increase when compared to the current budget, which he said will be covered with new revenue.
chat_bubble0 Comment
visibility2789 Views
Major changes already underway at LMM airport
April 26, 2013
Despite not having yet completed the transition through which it will officially take over control of the Luis Muñoz Marín International Airport in Carolina, Aerostar Holdings is already planning major changes for services available to passengers, mostly related to concessions and transportation.
chat_bubble3 Comments
visibility3985 Views
OFG Bancorp reports $17.7M in 1Q13 income
April 26, 2013
OFG Bancorp, which until earlier this week was known as Oriental Financial Group Inc., revealed its first quarter results Thursday, which reflected income of $17.7 million for the three-month period, up from the $9.5 million reported for the same year-ago quarter.
chat_bubble0 Comment
visibility3483 Views
Arecibo Observatory seeks collaboration with LatAm, Spain
April 25, 2013
WASHINGTON — Puerto Rico’s iconic Arecibo Observatory is looking to raise money and boost its international profile as the world’s largest single-dish radio telescope prepares to celebrate its 50th anniversary this October.
chat_bubble0 Comment
visibility4284 Views
Puerto Rico auto sales down 6.5% in March
April 25, 2013
New car sales in Puerto Rico showed a 6.5 percent drop in March, a decline that affected many of the most popular brands, including Toyota, Ford and Chrysler, the United Automobile Importers Group known as GUIA revealed Wednesday.
chat_bubble0 Comment
visibility3495 Views
Walmart to buy $1.9M in paper goods from local supplier
April 25, 2013
Walmart Puerto Rico announced Wednesday it has entered into a 12-month purchase agreement with local manufacturer Softex for $1.9 million in paper goods, which will substitute product imports, officials from both companies said.
chat_bubble0 Comment
visibility2816 Views
Doral launches 2nd round of ‘Mujeres d Éxito’ program
April 25, 2013
Doral Bank unveiled details Wednesday of the second edition of its “Mujeres d Éxito,” institutional program that aims to bolster Puerto Rican women’s professional and economic development. The bank will be investing $1 million in several initiatives within the community program, namely “Despegue Empresarial,” “Fondo Doral,” “Internado Doral” and “Ruta Mujeres d Éxito.”
chat_bubble1 Comment
visibility2789 Views
Costa Rican medical tourism co. expands to Puerto Rico
April 25, 2013
The International Medical Tourism Center announced Wednesday it has begun offering its services in Puerto Rico as part of its expansion from Costa Rica.
chat_bubble0 Comment
visibility3203 Views
SBA, other agencies to host gov’t procurement forum
April 25, 2013
The U.S. Small Business Administration, the Federal Reserve Bank of New York, the Federal Deposit Insurance Corporation and the Puerto Rico Small Business & Technology Development Center will host a Government Procurement Forum on April 30 starting at 8 a.m., to help facilitate business development opportunities for small firms seeking contracts with federal and local government agencies.
chat_bubble0 Comment
visibility2738 Views
Agencies list economic development initiatives launched since Jan.
April 24, 2013
The second Economic Development Summit took place at the Puerto Rico Convention Center Tuesday, when members of Gov. Alejandro García-Padilla’s economic team summarized what agencies have been up to since January to further the administration’s agenda to spur private-sector jobs and activity.
chat_bubble2 Comments
visibility3264 Views
Despite higher cruise arrivals, Jamaica tourism industry still troubled
April 24, 2013
The 2013 tourism outlook for Jamaica appears mixed, particularly with regard to cruise-ship arrivals, though the island has seen an increase in airlift from new markets like Russia, while several new megaprojects could give the industry a boost.
chat_bubble0 Comment
visibility4263 Views
Restaurant association balks at end of ‘Buen Provecho’ program
April 24, 2013
The Puerto Rico Restaurant Association balked at the the Family Department's Socioeconomic Development Administration’s decision to nix the “Buen Provecho” initiative that for the past 29 months allowed the elderly, homeless and handicapped persons to use their nutritional assistance funds to buy prepared fast-food meals.
chat_bubble0 Comment
visibility3120 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA