TOTE Maritime P.R. completing equipment upgrades
August 10, 2016
TOTE Maritime Puerto Rico has begun implementation of major equipment upgrades aimed at keeping their fleet the youngest in the Puerto Rican trade market, the shipping company announced Tuesday.
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SBA, AARP renew ‘Summer of Encore Mentoring’ events
August 10, 2016
The U.S. Small Business Administration and AARP announced Tuesday they have renewed their “Summer of Encore Mentoring” educational events targeting entrepreneurs over the age of 50 who want to start or grow their small business.
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P.R. economic activity slides 1.8% YOY in June
August 9, 2016
Puerto Rico’s economic activity index held up its downward spiral in June, when it reflected a reduction of 1.8 percent compared to June 2015, and a 0.2 percent reduction compared to May 2016, the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA) announced Monday.
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July is PR’s 4th straight month of positive new car sales
August 9, 2016
Puerto Rico’s new car sales remained on the positive side for the fourth straight month in July, when 6,644 units were sold, reflecting a 17.4 percent year-over-year increase, the United Automobile Importers Group (known as GUIA by its Spanish acronym), said Monday.
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P.R. Economists, European Union rep exchange ideas
August 9, 2016
The President of the Puerto Rico Economists’ Association, Juan Villeta-Trigo, met Monday with Marie Donnay, economist and representative of the Mission of the General Directorate for Economic and Financial Affairs of the European Union to discuss the island’s fiscal situation and exchange strategies focused on achieving economic growth.
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DDR launches ‘Say Present on Back-to-School’ initiative
August 9, 2016
DDR Corp., a company that owns several shopping malls throughout Puerto Rico, on Monday invited the public to join its community effort “Say Present on Back-to-School,” which seeks to donate school supplies to Boys & Girls Clubs of Puerto Rico.
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Cemex de P.R. to pay nearly $300K in penalties
August 5, 2016
The U.S. Department of Labor’s Mine Safety and Health Administration announced Thursday that cement producer CEMEX de Puerto Rico has agreed to pay $291,722 in penalties.
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Congressional Task Force seeks input on P.R. growth
August 5, 2016
The Congressional Task Force on Economic Growth in Puerto Rico, which is responsible for identifying impediments to economic growth in the territory and recommending changes, announced Thursday it is seeking input from stakeholders.
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P.R. retail sales down 1.42% YOY in April
August 5, 2016
Puerto Rico retail sales reflected a 1.42 percent drop year-over-year in April, when activity at the cash register $44.4 million, Puerto Rico Trade and Export figures released Thursday showed.
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FirstBank finances Tijuana’s Bar & Grill expansion
August 5, 2016
FirstBank recently granted $230,00 in financing to local Mexican food chain Tijuana’s Bar & Grill, for operational expenses and the purchase of a warehouse located in Cervantes Street, Condado.
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Expert: P.R. must work quickly in DC in coming months
August 4, 2016
Puerto Rico’s private sector has a one-month window — between Sept. 6 and Oct. 1 — to deliver their proposals to the Congressional Task Force on Puerto Rico to spur economic development initiatives for the island, former Republican Congressman Jerry Weller, said Tuesday.
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TOTE Maritime, INTERSHIP unveil joint venture in P.R.
August 4, 2016
TOTE Maritime Puerto Rico and INTERSHIP announced Wednesday they have teamed up to form one of the largest, most experienced and most advanced terminal operating companies serving Puerto Rico.
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Executive appointments in hospitality, tech industries
August 4, 2016
This edition of Climbing the Corporate Ladder features executive appointments both on and off the island in areas of hospitality, technology and agriculture.
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New York Fed to launch blog series on Puerto Rico
August 4, 2016
The Federal Reserve Bank of New York’s “Liberty Street Economics” blog will launch a blog series on Puerto Rico’s economy and factors that may be important for generating sustained growth starting Aug. 8, the agency announced Wednesday.
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Bacó: GDB should not be liquidated, must be re-focused
August 2, 2016
The fate of the Puerto Rico Government Development Bank should not be liquidation, but rather a refocus to return to promoting growth on the island, Interim President Alberto Bacó said Monday, the day he took on the job of steering the former public fiscal agent.
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