Op-Ed: CNE’s open letter to Puerto Rico’s GDB
October 17, 2012
The lack of seriousness and responsibility reflected by the comments made by the president of the Government Development Bank of Puerto Rico are truly disturbing.
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Guayama gifts students, residents with tablet computers
October 17, 2012
At a cost of $2 million, the Guayama municipal government began distributing Tuesday 10,000 Indipad-branded tablet computers to establish digital interaction between citizens, the government and the private sector, town officials said during an event attended by First Lady Lucé Vela, among others.
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Neolpharma picks up Pfizer’s Caguas plant
October 16, 2012
Mexico’s Neolpharma will be picking up the assets of Pfizer’s Caguas manufacturing plant, through an agreement that is expected to close during the first quarter of 2013, company executives announced Tuesday. The financial terms of the agreement were not disclosed.
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Allied Car & Truck Rental investing $9M in expansion
October 16, 2012
Allied Car & Truck Rental is marking its 30th anniversary by investing $9 million to double its presence in Puerto Rico over the next two years, as well as establish branches outside the island, company officials said Monday.
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Seaplane and water tours launch at Bahía Urbana
October 16, 2012
Folks who like to dream big, explore and discover natural wonders will now have the opportunity to enjoy a variety of unique adventures by air and by sea with Seaplanes in Paradise & San Juan Water Tours, which recently launched services from Pier 6 in Old San Juan.
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GDB chief takes part in UBS speaker series
October 16, 2012
Government Development Bank of Puerto Rico President Juan Carlos Batlle recently addressed a group of UBS clients on the outlook for the island’s credit as part of the company’s “UBS Speaker Series” cycle that began earlier this year.
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AA introduces meal reservation for 1st, Business class
October 16, 2012
American Airlines announced its entrée reservations program, becoming the first domestic airline to offer premium class customers the opportunity to review menu options and pre-select their desired meal prior to their flight’s departure.
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GDB mulls restructuring Condado Duo building loan
October 15, 2012
The Puerto Rico government is reviewing a request by one of the island's main hotel operators to restructure the loan that helped pay for the renovation of two landmark hotels: La Concha Renaissance Resort & Casino, currently in operation, and the Condado Vanderbilt Hotel, which shut down 15 years ago and reopens on Tuesday in a phased manner.
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Tourism activity showing signs of improvement
October 15, 2012
New luxe hotel properties, a higher return for investors, and greater satisfaction by cruise passengers visiting the island are spelling out a brighter outlook for Puerto Rico's tourism industry, according to Tourism Co. Executive Director Luis Rivera Marín.
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Broadband provider AeroNet spends $4M on spectrum
October 15, 2012
Broadband service provider Aeronet has entered into a long-term lease agreement with AT&T de Puerto Rico and Sprint for wireless broadband spectrum with islandwide coverage.
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Op-Ed: A world of export opportunities awaits small business
October 15, 2012
With almost 95 percent of world consumers outside America's borders, exporting is an important way for small business to scale up and create the jobs that America needs now. Now, more than ever before, small business owners can access these overseas markets with the click of a button thanks to globalization, Internet communications and export finance programs made more simple and easy to use by the Obama Administration.
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AT&T donates $100K to P.E.C.E.S for alternative schooling
October 15, 2012
AT&T de Puerto Rico recently donated $100,000 to the Community Education Delivery and Service Program (known as P.E.C.E.S. Inc. for its initials in Spanish) to help it strengthen social and educational services offered through its accredited alternative school.
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T-Mobile investing $7M to expand sales network, redesign stores
October 12, 2012
Wireless service provider T-Mobile announced Thursday an ambitious plan to expand its islandwide sales network and redesign its Puerto Rico stores and service centers based on a customer-centric vision, all to the tune of $7 million.
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Dorado Beach, Ritz-Carlton Reserve taking reservations
October 12, 2012
Two months ahead of its scheduled grand opening, the Dorado Beach, a Ritz-Carlton Reserve announced this week it has begun accepting reservations to stay at what will be Puerto Rico's most lavish hotel property.
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Ford opens Puerto Rico’s 1st Quick Lane store
October 12, 2012
Ford Motor Company announced Thursday the opening of its first Quick Lane Tire & Auto Center business in Puerto Rico, located at the Caguas Expressway dealer.
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