Monday, March 1, 2021

Latest News

  • Losses Stopped at Latin Media House, Former Casiano Communications Inc.

    Like a Phoenix from the Ashes: First Operating Month Under New Leadership Ended with Positive Cash Flow BY MARIO BELAVAL DÍAZ The ambitious media project known as Latin Media House (LMH), under its new leadership, is making...

    • Posted December 17, 2015
  • Reebok FitHub to Open First Store in Puerto Rico

    BY MARIO BELAVAL DÍAZ Reebok will open its first Reebok FitHub store in Puerto Rico this weekend in Plaza del Caribe Mall in Ponce. The store features a concept in line with the brand’s current marketing and...

    • Posted December 17, 2015
  • Prepa Working on Another ‘Deadline’

    BY LUIS J. VALENTÍN & PHILIPE SCHOENE ROURA Guess what? The Puerto Rico Electric Power Authority (Prepa) has been negotiating this week yet another extension on a preliminary restructuring deal with two of its main creditor groups....

    • Posted December 17, 2015
  • Another Mariel in the Making?

    SAN JUAN – As the normalizing of diplomatic relations between the U.S. and Cuba draws nearer, the influx of Cuban immigrants seeking to reach U.S. soil or Latin American countries threatens to turn into a mass emigration...

    • Posted December 17, 2015
  • UBS Puerto Rico’s Downsizing Continues

    Sheds Staff from Several Key Divisions BY JOSÉ L. CARMONA UBS Financial Services Inc. of Puerto Rico, the Swiss bank’s San Juan-based subsidiary, this week eliminated some staff from its Wealth Management Consulting, Closed-End Funds, Personal &...

    • Posted December 17, 2015
  • Uncertain Future for Venezuela

    BY JUAN A. HERNÁNDEZ As all the excitement begins to wind down about the opposition’s win last week in Venezuela’s parliamentary elections, several political and economic power players are now trying to anticipate what the future will...

    • Posted December 17, 2015
  • Omnibus Bill Expected to be Voted on Today

    Includes Language on P.R. Debt Restructuring BY EDISON REYNALDO MISLA While intense negotiations continued between Republicans and Democrats in Congress, it was still unclear at presstime Monday what tool the Omnibus budgetary bill would give Puerto Rico...

    • Posted December 17, 2015
  • The Puerto Rico Debt Monster Takes Center Stage

    BY PHILIPE SCHOENE ROURA It is customary in publications across the globe to close the year with a Special Report on the Person of the Year. Under the new ownership of Latin Media House, Caribbean Business has...

    • Posted December 17, 2015
  • Person of the Year: The Debt Monster

    Puerto Rico Debt Crisis Shrouds Washington, D.C. in controversy BY PHILIPE SCHOENE ROURA & ROSARIO FAJARDO Few stories pertaining to Puerto Rico have captured the attention of mainstream press as the island’s debt—a monster towering $70 billion...

    • Posted December 17, 2015
  • Latest Dávila Colón book chronicles recent history through anticolonial lenses

    BY DENNIS COSTA For nearly four decades, Luis Dávila Colón has been among the most well-known political analysts in Puerto Rico, consistently pulling in high ratings as a radio commentator in part because he has cultivated an...

    • Posted December 17, 2015
  • Social-Interest Housing Summit Yields Results

    Nonprofi ts Help Acquire, Rehabilitate Banks’ Repos BY JOSÉ L. CARMONA In conjunction with Citi Foundation’s Urban Transformation on Affordable Housing project, the nonprofit Puerto Rico Community Foundation (PRCF) held in November the island’s first-ever summit that...

    • Posted December 17, 2015
  • Puerto Rico Auto Sales dip 4.3% in November

    Down 8.4% for the Year BY JOSÉ L. CARMONA After a positive October, Puerto Rico new-auto sales returned to their downward trend in November, the latest monthly sales report by the United Automobile Importers Group (GUIA by...

    • Posted December 17, 2015
  • Mortgage Originations Recuperate

    Mortgage originations grew 15.5% in number and 15.3% in value in the third quarter (3Q) of 2015, according to the Financial Institutions Commissioner’s Office (OCIF by its Spanish acronym). Growth was strongest in banks (25.8%) rather than...

    • Posted December 17, 2015
  • Statistics Institute to Participate in Hour of Code 2015

    The Puerto Rico Statistics Institute will take part in the Hour of Code 2015, a world-level educational event to promote the learning of computer programming languages. The Hour of Code, whose slogan is “We can all learn,”...

    • Posted December 17, 2015