Puerto Rico on Thursday became the final connecting point of a $1.1 billion high-speed submarine cable system deployed by telecommunications provider América Móvil that is capable of offering broadband transmission speeds of up to 100 Gigabits per second.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $17.1 million for the first quarter of 2014, or $0.08 per diluted share, compared to $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013 and a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013.
WASHINGTON — After Dr. Jim Yong Kim graduated from college in 1993, his first trip to Washington was to join a noisy protest against the World Bank.
Sam’s Club Regional General Manager, Carmen Kingston, announced Thursday the beginning of a program to export products made in Puerto Rico to its clubs in Florida, as part of an initiative focused on strengthening local industry and job creation.
The Puerto Rico Senate passed legislation Thursday that exempts electric-powered vehicles from excise taxes as established by Senate Bill 884, which proposes the "Act for the Promotion of Vehicles Powered Mostly by Electricity.”
Puerto Rico slipped five notches to 41st place in this year’s World Economic Forum’s Global Information Technology Report, yet remains ahead of other countries in the region in terms of connectedness, local experts said Wednesday upon analyzing the results.
Popular Inc. confirmed Wednesday it will be scaling back its U.S. mainland operations by divesting its branches in California, Illinois and Central Florida and centralizing certain back office operations in Puerto Rico and New York.
Liberty Puerto Rico is partnering with technology provider ActiveVideo to launch of a cloud-based personalized user interface that uses real-time viewing metrics to display program popularity and offers insight into how viewers find television content in a social context.
The Sheraton Old San Juan Hotel & Casino has completed an extensive, $4 million renovation of its facilities, including upgrades to guest room, corridors, and key public areas, the Palio Restaurant, as well as building exteriors and new technology, sales and marketing director Armando Emanuelli said Wednesday.
Cruise ship business at the Port of San Juan is up 15.2 percent for the first nine months of the fiscal year, representing an increase of 124,619 passengers year-over-year, Puerto Rico Ports Authority Executive Director Víctor Suárez said Wednesday.
The U.S. Environmental Protection Agency on Wednesday honored eight individuals and organizations from across Puerto Rico with “Environmental Quality Awards” for their achievements in protecting public health and the environment.
Honeywell Aerospace announced an agreement with the government to establish a new $35 million electromagnetic compatibility and environmental test laboratory in the mountain town of Moca.
The Puerto Rico Conservation Trust is one of the island's most prestigious organizations and a leader in land conservation. But like individuals and institutions alike it needs to maximize its income, which is why it is seeking a new financial investment advisor.
The Puerto Rico Aqueduct and Sewer Authority and the Municipality of Hatillo are getting a combined $6.6 million from the U.S. Department of Agriculture to improve sanitary sewer system projects in rural areas, the agency announced Tuesday.
The SBA announced today that for the third year, states will be able to apply for grants from the U.S. Small Business Administration starting this week to support efforts to increase exporting by small businesses.
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