AT&T raising data plan prices, limits starting Sunday
January 18, 2012
Data-hungry AT&T customers — smartphone and tablet users — will begin paying more for their allotted monthly amount starting Sunday, when the carrier will begin charging an additional $5 per plan. However, the hike will also come with an increase in the amount of data assigned to each plan, the carrier said.
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Plaza Las Américas retains control of former Borders space
January 18, 2012
After several months of waiting for a decision, the U.S. Bankruptcy Court in New York overseeing the Borders liquidation case granted Plaza Las Américas’ petition to retain control of the space the bookstore held at the Hato Rey mall prior to going out of business.
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Fortuño presses Obama for creation of Section 933A
January 18, 2012
Gov. Luis Fortuño urged Pres. Barack Obama Wednesday to include Puerto Rico in its new national economic plan, stressing that “Puerto Rican jobs are U.S. jobs.”
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EDB prepared to assign $21M in financing to 600 college biz plans
January 18, 2012
Backing its mantra that “the island’s future development will be in the hands of youth,” the Economic Development Bank is kicking off its “Because You Can” entrepreneurial initiative with a visit to Sacred Heart University in Santurce this Friday.
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Tourism expecting more than 1.2M cruise ship visitors in ’12
January 18, 2012
The Puerto Rico Tourism Company is ramping up efforts to increase cruise ship visitor traffic to the island this year, predicting that more than 1.2 million cruise ship passengers aboard 493 vessels will dock in Old San Juan in 2012.
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Treasury opens taxpayer orientation centers
January 18, 2012
In preparation for this year’s tax season, the Treasury Department announced Tuesday it has already opened six centers throughout the island to orient taxpayers on the terms of the Law to Strengthen Public Health and Safety and the recently granted tax credit for citizens who are 65 or older.
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Planning Board OK’d $3.1B in projects last year
January 17, 2012
The Puerto Rico Planning Board gave the go-ahead to more than $3.1 billion in location permits for residential and tourism-related development projects that are expected to generate more than 35,000 jobs and boost the economy, agency chief Rubén Flores- Marzán said Monday.
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Social media expert, business strategist launch SocialMatrix PR
January 17, 2012
The need that companies have for a strong presence on social media networks and knowing how to make the most out of the benefits of being online is snowballing at such a rapid pace that it is blowing the doors open to new opportunities for entrepreneurship.
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Marriott Resort & Stellaris Casino inaugurates Red Coral Lounge
January 17, 2012
The San Juan Marriott Resort & Stellaris Casino recently inaugurated its popular lobby bar area, now known as the Red Coral Lounge, the result of a $2.3 million remodeling project begun in August 2011 that wrapped up in December.
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U.S. nuclear watchdog proposes $14K fine against local engineering firm
January 16, 2012
The Nuclear Regulatory Commission is proposing a $14,000 civil penalty against S&R Engineering, S.E. in San Juan for failing to properly transfer a nuclear gauge to an authorized possessor, after its license expired in October 2009.
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Study: P.R. struggling to retain pharma investments
January 12, 2012
Puerto Rico Puerto, the second largest investment destination in the region, is struggling to retain its position as a “viable value proposition” for pharmaceutical companies that have significantly scaled back their investments on the island in the last four years, a recently released study by Jones Lang LaSalle a global real estate services firm concluded.
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Gov’t, Intel strike tech education agreement
January 12, 2012
Technology giant Intel will expand the scope of its “Intel Teach” program to Puerto Rico, where it will provide training to some 21,000 public school teachers, Gov. Luis Fortuño announced Thursday morning.
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Expo Partner program looks to breed local exporters
January 12, 2012
Puerto Rico Trade and Export’s Expo Partners service is offering local companies an opportunity to work with international trade experts to develop and implement a plan to expand the scope of their products or services beyond the island’s shores.
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A.M. Best keeping tabs on COSVI, revises outlook
January 12, 2012
Believing there is “uncertainty surrounding Cooperativa de Seguros de Vida de Puerto Rico’s ability to generate consistent and sustainable positive earnings from its core lines of business,” respected insurance industry monitor A.M. Best Co. has revised the company’s outlook to stable from positive and affirmed the financial strength rating of B- (Fair) and issuer credit rating of “bb-.”
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P.R. Coffee Roasters launches online shop
January 12, 2012
As part of its plan to revitalize the island’s coffee industry, Puerto Rico Coffee Roasters has launched an online store on its website to sell Puerto Rico’s premium coffees to the world. Some of the most familiar brands — Yaucono, Café Crema, Café Rico, Café Rioja, Café Encantos, Alto Grande and Yaucono Selecto — will be sold, company officials said Wednesday.
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