PRMA takes exception to pharma quality study
September 10, 2011
The Puerto Rico Manufacturers Association rejected the conclusions of a study released this week language and cultural barriers among the employees in companies located in Puerto Rico and their stateside counterparts may be risk factors causing quality problems in local plants.
chat_bubble1 Comment
visibility3854 Views
Top Oriental exec joins ICANN committee
September 10, 2011
Oriental Financial Group’s Executive Vice President and CEO, Ganesh Kumar, was selected as a member of an at-large advisory committee (ALAC) from the North American region of the Internet Corporation for Assigned Names and Numbers (ICANN).
chat_bubble0 Comment
visibility3720 Views
First Bancorp gets stockholder OK to raise up to $525M in capital
September 9, 2011
First BanCorp, parent company for FirstBank Puerto Rico, announced that it has received approval at the special meeting of stockholders held earlier today to issue 150 million shares of its common stock for $3.50 per share to institutional investors.
chat_bubble0 Comment
visibility2794 Views
Ford drives up strategy to fuel market growth, sells 923 units in August
September 9, 2011
Ford Motor Company wrapped up August with 14.1 percent of the market and 923 units sold, fueled by the introduction of new products over the past year that offer quality, fuel efficiency, safety, smart design and value, company executives said during a meeting with members of the local press corps Thursday.
chat_bubble0 Comment
visibility4964 Views
HUD, local government rescue $42M to create long-term housing projects
September 9, 2011
Gov. Luis Fortuño signed Thursday an executive order creating a committee to implement public policy for housing that calls for working with federal housing officials to make better use of funds.
chat_bubble0 Comment
visibility2766 Views
Government plans trio of bond issues before end of fiscal ’12
September 9, 2011
The government plans to raise at least $785 million through three separate bond issues in coming months, high-ranking administration officials told the stateside investment community Thursday.
chat_bubble0 Comment
visibility7695 Views
Villamil: P.R.’s economy has bottomed out, but contraction will prevail
September 8, 2011
Puerto Rico’s economic situation has reached rock bottom, but it may as well be standing on quicksand given the instability of the U.S. economy and subsequent federal cutbacks, the volatility in petroleum prices and a potential deterioration of the housing market once local incentives run out.
chat_bubble0 Comment
visibility6659 Views
Kiero Kiero launches deal-of-the-day service
September 8, 2011
Kiero Kiero, the newest player to join the increasingly popular deal-of-the-day group savings craze, launched its service in Puerto Rico this week with the first of many deep discount offers for food and entertainment planned for the local market.
chat_bubble1 Comment
visibility3143 Views
Sabana Grande uniform maker vying for national small business award
September 8, 2011
Oscar Quiles, president of the Pentaq Manufacturing Corporation in Sabana Grande, is one of 10 minority-owned small business executives vying for the title of National Minority Small Person of the Year to be granted during the 29th annual Minority Enterprise Development (MED) Week conference, Sept. 27-30.
chat_bubble0 Comment
visibility3371 Views
Don Q Gran Añejo lands coveted industry award
September 8, 2011
The American Academy of Hospitality Sciences has given its five-star rating to Ponce’s Destilería Serallés’ flagship rum, the DonQ Gran Añejo. DonQ Gran Añejo is the first rum ever to receive this rare distinction, reserved for the greatest achievements in travel, hospitality products and services, the trade group said.
chat_bubble0 Comment
visibility3797 Views
Plaza Las Américas makes a move for Borders’ location
September 7, 2011
Plaza Las Américas will submit an offer before the U.S. Bankruptcy Court for the Southern District of New York to retain the space that will soon be vacated by Borders bookstore, as part of its liquidation process, the mall’s management said Wednesday in what seems like a surprise move.
chat_bubble0 Comment
visibility13694 Views
P.R. regains footing on WEF ranking, grabs 35th place
September 7, 2011
Puerto Rico has made a positive movement back up the ranks of this year’s World Economic Forum's Global Competitiveness Report, by placing 35th among 142 countries. The ranking represents an improvement from last year, when Puerto Rico had fallen to the 41st spot on the list.
chat_bubble0 Comment
visibility3122 Views
Study: P.R. drug plant quality issues linked to cultural differences, knowledge transfer gaps
September 7, 2011
Drugs produced in U.S.-owned and operated pharmaceutical manufacturing plants in Puerto Rico are more likely to have quality problems than those produced by the same firm in a matched plant on the mainland, a study released Tuesday by Ohio State University's Fisher College of Business.
chat_bubble1 Comment
visibility14334 Views
NY Fed Home Loan Bank to grant $500M in disaster loans
September 7, 2011
The Federal Home Loan Bank of New York announced Tuesday it will be providing up to $500 million in disaster relief loans to help communities affected by Hurricane Irene begin the process of rebuilding.
chat_bubble0 Comment
visibility3025 Views
19th Housing Congress to build strategies for sector’s growth
September 7, 2011
Housing and banking industry executives who have been working with local and federal government agencies to develop an all-encompassing plan to stimulate activity in a sector that has been battered by the economy will present their proposals and strategies during the 19th Housing Congress taking place Thursday.
chat_bubble0 Comment
visibility8665 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA