Attention Puerto Rico bank customers: Starting Feb. 14 individuals will not be allowed to wear sunglasses or hats while conducting a transaction at a local bank branch. Mobile telephone use will also be limited.
The Public Buildings Authority has entered into an agreement with New York-based utiliVisor to monitor energy consumption at the Minillas Government Center in Santurce, which houses a number of public agencies in several buildings.
UBS Financial Services Inc. of Puerto Rico is facing a possible lawsuit by the U.S. Securities and Exchange Commission, which recently issued a Wells notice regarding the sale of mutual funds that bought $1.5 billion in bonds that the Swiss-based bank had underwritten on the island, Bloomberg reported Friday.
As the local price for gasoline approaches — and exceeds — 80 cents per liter at the pump, the Consumer Affairs Department on Thursday warned that it will get even more expensive to fill the tank in coming days.
Green is the color of money, something that hotels in Puerto Rico save a lot of each year as they continue to implement environmentally friendly strategies on their properties. They also make more of it, as these days, a growing number of travelers greatly consider environmental awareness as a factor when deciding where to stay.
Oriental Financial Group on Thursday released its fourth quarter report, showing strong performance in core banking operations, just several months after settling into its expanded footprint resulting from its acquisition of the former EuroBank.
Some 18,000 homeowners in Puerto Rico were facing the possibility of losing their homes to their mortgage bank as of November 2010, the Financial Institutions Commissioner’s office (OCIF, as it is known by its initials in Spanish) said Tuesday.
Popular Inc. continues taking steps toward improving its balance sheet with an announcement Monday that it has signed a non-binding letter of intent to sell approximately $500 million of construction and commercial real estate loans. Some 75 percent of the loans, which will be sold at book value, are non-performing.
Copa Airlines is starting the year by expanding its seating capacity on its two daily flights between San Juan and its hub in Panama , from where it offers dozens of connections to Central and Latin America, Héctor Busquets, general manager for the local operation, said Thursday.
Putting an end to what seemed to be a pretty open secret, Triple-S Management Corp. on Tuesday announced that its subsidiary Triple-S Salud Inc. will purchase American Health Inc.’s parent company, for some $82 million in cash.
Puerto Rico’s out-of-work force averaged 16.1 percent during calendar year 2010, representing the highest rate since 1993, when the average was 17 percent, the Department of Labor and Human Resources informed Friday.
Nearly a year after service was suspended, ferry connections between Puerto Rico and the Dominican Republic will restart on March 16 under new operator America Cruise Ferries, which will invest some $65 million to revive the route.
Nearly a year after Ferries del Caribe suspended its passenger service between Puerto Rico and the Dominican Republic, a new company — America Cruise Ferries — is slated to announce the rebirth of the route.
The year 2010 witnessed the struggle by 850 commercial establishments that sought protection from the U.S. Bankruptcy Court, either to reorganize or liquidate their operations, local research firm Boletín de Puerto Rico revealed Tuesday. In total, the year wrapped up with a 10 percent increase in overall bankruptcy filings, in comparison to 2009.
Nearly 15 days after Law 154 — imposing an excise tax on sales by local subsidiaries to their foreign parent companies — went into effect, members of the Puerto Rico Manufacturers Association got a chance Friday state for the Legislative record their opposition to the measure.
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