Archive for the ‘Info Ekonomi’ category
Banco Santander de Puerto Rico again included in list of best emerging banks
(Credit: Víctor Román) For the fourth time in the past five years, Banco Santander Puerto Rico has landed a spot on the list of “Best Emerging Market Banks in Latin America,” a ranking published by the editors of Global Finance magazine that includes 23 countries in Central and South America and the Caribbean. This is [...]
Latin American McDonald’s owner plans $1B IPO
Arcos Dorados Holdings Inc., parent company of Puerto Rico’s McDonald’s restaurant chain, announced Friday its planned debut as a public company on Wall Street with an initial public offering of nearly 62.5 million Class A shares to be listed on the New York Stock Exchange. The transaction could raise more than $1 billion, as shares [...]
Gov’t housing incentive program moves more than $1.7B in property sales
AFV Executive Director George Joyner (Credit: © Mauricio Pascual) With just three months left before the government’s housing incentives program comes to an end, Housing Finance Authority Executive Director George Joyner urged consumers looking to buy a property to avoid waiting until the last minute. Through Feb. 28 — the six-month mark of the 10-month [...]
Ferry operator asks Obama administration to approve passenger service to Cuba
UASS Chairman Daniel Berrebi Miami-based United Americas Shipping Services Inc. asked the federal government Wednesday to allow ferry service to Cuba to compete freely with air carriers in transporting U.S. travelers to the communist island nation. UASS is the parent company of American Cruise Ferries, which has invested $65 million to restart ferry service between [...]
P.R. to host large-scale library association convention
The International Federation of Library Associations and Institutions (IFLA), will be holding its 77th annual convention in San Juan, Aug. 13-18, an event that is expected to draw thousands of participants and represent an economic boost to the island estimated at $6 million. As a preamble to the event, the Puerto Rico Convention Bureau and [...]
Sustainable tourism seminars slated for Vieques, Culebra
Playa Esperanza in Vieques Hoteliers and small inn owners in Vieques — who have seen their occupancy rates drop by 14 percent during the first eight months of the current fiscal year — are being offered the chance to participate in a two-day training workshop that the Puerto Rico Tourism Company has scheduled to promote [...]
New Ports fee raises concerns over potential increase in cost of goods
Ports Executive Director Alberto Escudero (Credit: © Mauricio Pascual) Maritime shippers will begin paying a new “enhanced security fee” over cargo brought into the San Juan port starting next week, which Ports Authority Executive Director Alberto Escudero defended Wednesday, amidst criticism and concern from local trade organization and politicians. During his first press conference since [...]
SBA selects Dorado entrepreneur as P.R.’s ‘Small Business Person of the Year’
The U.S. Small Business Administration has selected pharmacist Mariely Díaz, president and CEO of Optima Fusion Pharmacy Inc. in Dorado, as Puerto Rico’s Small Business Person of the Year, the agency announced Tuesday. She, along with winners from across the 50 United States, the District of Columbia, the U.S. Virgin Islands and Guam, will be [...]
South American countries support livestock cloning
Puerto Rico’s livestock industry is divided into meat and dairy farming. (Credit: Carlos Anguita) Three Latin American countries — Argentina, Brazil, and Paraguay — are among five nations that recently threw their support behind livestock cloning as one of many agricultural technologies that can help meet the world’s growing demand for sustainable food production. Two [...]
Morton’s The Steakhouse parent mulling possible sale of chain, including local eatery
Morton’s The Steakhouse in San Juan Chicago-based Morton’s Restaurant Group Inc., parent company of the Morton’s The Steakhouse upscale eatery that has called the Caribe Hilton hotel its home for the past decade, may be seeking a buyer. The restaurant operator announced last week it is exploring “strategic options,” for its 77-steakhouse restaurant chain that [...]
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