On the heels of its legal victory last week, Doral Financial Corp.’s Economic Advisor Robert Shapiro on Monday urged the government of Puerto Rico to honor the tax agreement upheld by a local court, “for the sake of its credibility.”
The Polytechnic University of Puerto Rico recently signed an agreement with MAPFRE Foundation through which the global insurance company will provide an annual scholarship for post-graduate studies in Spain and five annual scholarships for students specializing in e-learning studies focusing on insurance.
Starting today, a delegation of Puerto Rico’s tourism industry, led by Meet Puerto Rico, will participate in the fourth edition of IMEX America, the largest tradeshow for the international meetings, events and incentive travel industry in the U.S., held in Las Vegas, Nevada.
More than 13 years after establishing itself on the island, Dunkin’ Donuts is pulling out of the Puerto Rico market, closing its 18 locations on the island that were operated by franchisee Wometco Donas Inc., this media outlet confirmed Wednesday.
Hyatt House San Juan officially opened its doors Wednesday, becoming Puerto Rico’s first extended stay hotel and is the brand’s first Hyatt House hotel outside of the continental United States, company and government officials said.
The Roosevelt Roads Redevelopment Authority announced the selection of eight microbusinesses from Puerto Rico’s eastern flank to establish operations inside the former Navy base that is currently being repurposed for public access.
Gov. Alejandro García-Padilla stressed Tuesday the importance of the development of the aircraft maintenance, repair and reconditioning center by Lufthansa Technick in Aguadilla as the “axis of a new industry that will consolidate the ongoing diversification of the island’s economy.”
The U.S. Environmental Protection Agency has finalized its plan to clean up contaminated soil and groundwater at the Cidra Groundwater Contamination site, which includes portions of the Cidra commercial district and an industrial park. The EPA said Tuesday it estimates cleanup costs will be about $12.9 million.
Walmart Puerto Rico announced the launch of a campaign in which partners, suppliers, manufacturing, agribusiness representatives and nonprofit entities take part in relating the the “positive impact that the presence of this company on the island has had on their lives and their businesses.”
Telecommunications provider Claro announced Tuesday it will provide its broadband-based ClaroTV paid television service free of charge until January 2015 to customers who sign up to its bundled package this month.
Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
The Puerto Rico Horse Racing Industry and Sport Administration officially inaugurated its Horse Quarantine Port, the first facility of its kind to be certified by the U.S. Department of Agriculture in the Caribbean region.
Doral Mortgage and furniture retailer Rooms to Go recently announced a partnership to offer customers special financing offers on loans closed before Nov. 20, 2014.
Casiano Communications Inc., parent company of weekly English-language business publication Caribbean Business and a number of other subsidiaries, filed for Chapter 11 bankruptcy protection Monday, citing more than $8.5 million in debt.
With two landfills headed towards permanent closure, an updated review of the condition of the island's landfills couldn't be more crucial and the Environmental Quality Board is close to having one.
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