Banco Popular approves $40M for Carolina hospital
April 24, 2013
Banco Popular de Puerto Rico announced Tuesday it has approved a $40 million credit line for the construction of the San Fernando de la Carolina hospital in Carolina, a project the municipality announced late last year.
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P.R. Products Assoc. bestows excellence awards
April 24, 2013
With a varied representation of products and services from Puerto Rican companies this weekend, the Puerto Rico Products Association will confer its Awards for Excellence in Quality, reaffirming the importance of supporting and recognizing local entrepreneurs, the trade group said Tuesday.
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Coffee shop businesses brewing in Old San Juan
April 23, 2013
San Juan's expanding gourmet coffee service sector suddenly got more interesting with the entry of a Utah-based franchise with an eye catching name, a world-class product, and big plans for Puerto Rico.
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1st successful Antrocket.com project reaches 136% of funding goal
April 23, 2013
Thanks to the support of tens of followers on Antrocket.com, juvenile Judo athlete Adrian Gandía is now closer to his goal of obtaining a medal for Puerto Rico in the 2016 Olympic Games in Brazil.
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Pattern Energy execs confirm commitment to renewables
April 23, 2013
Top executives from Pattern Energy, owner and operator of the 101.2 mega-watt wind energy facility in Santa Isabel, met Monday with Economic Development and Commerce Secretary, Alberto Bacó, and other top Puerto Rico administration officials to reiterate its commitment to the island’s renewable energy agenda.
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Puerto Rico shines in robotics competition
April 23, 2013
A local delegation of 27 teams under the leadership of the Puerto Rico Institute of Robotics excelled in world championship competition held this past weekend at the Anaheim Convention Center, picking up 12 international awards.
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Economist: Puerto Rico needs $10B-a-year push
April 22, 2013
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
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In US-Dutch trade, Puerto Rico lags, despite numbers
April 22, 2013
Nearly 680,000 Americans, including 15,649 residents of Puerto Rico, owe their jobs to bilateral trade and investment between the Netherlands and the United States.
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EPA kicks off Earth Week with nods to Puerto Rico/USVI ‘eco’ leaders
April 22, 2013
The U.S. Environmental Protection Agency is honoring individuals and organizations in Puerto Rico and the U.S. Virgin Islands by bestowing upon them Environmental Quality Awards for their achievements in protecting public health and the environment.
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Op-Ed: ‘Hecho en Puerto Rico’
April 22, 2013
If Senate Bill 400, granting the Puerto Rico Products Association exclusive rights to manage the “Hecho en Puerto Rico” brand is approved, I would probably have to pay the Association some sort of fee for using said “brand” in my headline and surely ask their permission to use it.
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Tourism Co. nabs award for sustainable initiatives
April 22, 2013
The Puerto Rico Tourism Company recently received the first “Destination Stewardship Award” bestowed at the annual Caribbean Tourism Organization Sustainable Tourism Conference for its work in creating, developing and implementing programs and initiatives that promote sustainable tourism.
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Popular Inc. reports 1Q loss tied to one-time charges
April 19, 2013
Popular Inc. reported a first quarter loss of $120.3 million that reflected some $189.6 million in after-tax losses and adjustments related to the sale of a bad loan portfolio and other assets.
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Food distributor, well-known developer file for bankruptcy
April 19, 2013
Puerto Rico Food distributor Pedro Barba e Hijos Inc., Humacao drugstore owner Manuel Mediavilla Inc., and developer Joseph McCloskey-Diaz — who was involved in a highly-publicized mortgage fraud scheme in 2009 — were among the most recent commercial bankruptcy filings, with upward of $20 million in combined debt.
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Southwest Airlines cargo expands to San Juan May 1
April 19, 2013
Southwest Airlines has begun shipping cargo on AirTran Airways under the Southwest Airlines Cargo brand, a service that will be extended to San Juan starting May 1.
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Excelerate Energy files federal application for Aguirre natural gas project
April 19, 2013
Excelerate Energy and the Puerto Rico Electric Power Authority have filed their formal application with the Federal Energy Regulatory Commission, representing the latest step closer in the process of receiving approval to build and operate a floating offshore liquefied natural gas re-gasification facility off the southern coast of Puerto Rico.
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