Puerto Rico ranked 14th among the 50 most popular international destinations for North American travelers, according to Hotel.com’s Hotel Price Index for 2014.
The Puerto Rico Statistics Institute will be taking over the task of conducting census and survey activities in Puerto Rico, following the signing of an agreement with the U.S. Census Bureau and the U.S. Department of Commerce, the local agency's Executive Director Mario Marazzi said Wednesday.
Puerto Rico has lost 177,392 residents either to migration or death in the last four years, putting pressure on the economy, as well as specific sectors, — such as retail — that will need to readjust their business models to provide for future consumer behavior.
Puerto Rico’s retail sale saw a $20.1 million increase in October, when activity exceeded $3.22 billion, Puerto Rico Trade and Export, the government agency that tracks this economic sector, said Wednesday.
In a letter sent to Doral Bank earlier this week, the Federal Deposit Insurance Corp. advised the financially crippled bank to “accept an offer to combine with another insured depositary institution,” or improve its capital levels to once again be considered as “adequately capitalized.”
Puerto Rico is preparing to welcome 71 groups that will be on the island in February and March to carry out their winter meetings, conventions and conferences that could translate into a $20 million direct benefit to the economy, Meet Puerto Rico President Milton Segarra said Wednesday.
Puma Energy's entry into Puerto Rico’s liquefied petroleum gas market late last year has “had a positive impact on the price of the product commercially,” Julio Martínez- Colón, sales manager of the company’s LPG division, said Wednesday.
Renowned Investor and Principal Managing Partner of Pabrai Investment Funds, Mohnish Pabrai, will act as speaker at the 2015 Puerto Rico Investment Summit, organizers announced Wednesday.
Puerto Rico’s labor force had 25,000 fewer members in December, when compared to the same month in 2013, which could account for the lower unemployment rate announced by the Labor Department Tuesday.
About 32 percent of Puerto Rico Electric Power Authority customers receive some sort of a subsidy on their monthly bills, which is floated by those who pay the full rate.
With the addition of a new air connection between the Luis Muñoz Marín International Airport in San Juan and Nevis, to be operated by Seaborne Airlines, tourism executives from the neighboring island touted Tuesday the benefits they offer Puerto Rican visitors.
Aon, a global provider of risk management, insurance brokerage, reinsurance and human resources consulting and outsourcing services, and the Community Foundation for Puerto Rico jointly presented nine scholarships to as many local students in recognition of their academic achievements.
The Puerto Rico Telecommunications Regulatory Board and the Puerto Rico Police Department signed an agreement Monday to step up the fight against copper theft, which represents about $5 million in annual losses for public and private sector companies.
The massive blizzard that is clobbering the northeastern United States crippled air travel between Puerto Rico and that part of the mainland Monday, when 27 inbound and outbound flights at the Luis Muñoz Marín International Airport were grounded by mid-afternoon.
Medtronic plc, a global developer of medical technology, services and solutions, announced Monday it has successfully completed the previously announced acquisition of Covidien plc, in a cash-and-stock transaction valued at some $49.9 billion.
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