Wednesday, February 8, 2023

Latest News

  • Ad Calendar

    Now online! Need more frequency for your b-to-b campaign?   Your directory listing and display ad on the new CARIBBEANBUSINESS.PR website allows you to keep your product or service in front of potential users 24 / 7 /...

    • Posted December 24, 2015
  • Weekly Comment on Puerto Rico Stocks

    Investors’ concerns about the continuing drop in oil prices and how the world reacted to the Federal Reserve’s first interest-rate hike since 2006 sent stocks down for the day last Friday, and for the week. Volatility was...

    • Posted December 24, 2015
  • P.R. Statistics Institute, Planning Board to Bring Statistics to the 21st Century

    BY EDISON REYNALDO MISLA Afert years of questions on the reliability of official estimates and projections on Puerto Rico’s economy, the P.R. Statistics Institute has put in motion an ambitious five-year roadmap to finally modernize the commonwealth’s...

    • Posted December 24, 2015
  • Blanco: 2015 was a Relatively Good Year for P.R. Banks’ Profitability

    Levels of Delinquency, Nonperforming Loans Remain High Excluding the closing of Doral Bank and losses experienced by Oriental Bank over two quarters, 2015 was a relatively good year for institutions, noted Rafael Blanco, Puerto Rico Financial Institutions’...

    • Posted December 24, 2015
  • Prepa Inches Closer to Deal With Monolines

    Term Sheet Undergoing Changes As of presstime Wednesday, Dec. 23, 2015, the Puerto Rico Electric Power Authority’s (Prepa) restructuring brigades, led by Chief Restructuring Officer Lisa Donahue, were on the verge of signing a term sheet that...

    • Posted December 24, 2015
  • Target Point to Begin the Year With Major Investments

    BY MARIO BELAVAL DÍAZ Target Point, the Puerto Rico outdoor-media company, will invest some $2 million in new projects next year, said Daniel Ramy, media manager at Target Point. The investment will be for three sites that...

    • Posted December 24, 2015
  • Proposed Changes to EB-5 Program Unlikely to Affect Puerto Rico

    U.S. Congress Grants One-Year Extension to Investor Program; Local Increase in EB-5 Filings Expected for First Quarter 2016 On Dec. 15, as part of the omnibus spending bill, Congress extended the EB-5 program—which essentially grants visas to...

    • Posted December 24, 2015
  • Bernier Makes Candidacy for Governor Official

    During a colorful event at the Caguas municipal plaza on Dec. 20, ex-Secretary of State David Bernier made official his candidacy for governor for the Popular Democratic Party (PDP) ticket and promised that the issue of the...

    • Posted December 24, 2015
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  • Another Milestone in Latin Media

    The edition of Caribbean Business that you are reading marks a historic milestone for this publication because it is the first fully digital version of this newspaper, which is taking a hiatus from printing over the holidays,...

    • Posted December 24, 2015
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  • The Beginning of a New Era in Media

    On Thursday, Nov. 19, 2015, a new era in communications dawned in Puerto Rico with the official launch of Latin Media House (LMH) during a morning celebration at the Puerto Rico Art Museum in San Juan’s Santurce...

    • Posted December 24, 2015
  • Amid Falling Gas Prices, Puma Energy Pounces on LPG Market

    BY EDISON REYNALDO MISLA The liquefied petroleum gas (LPG or pro-pane) market is heating up. After months of waiting, Puma Energy has received approval from the Public Service Commission (PSC) to sell LPG for the consumer segment...

    • Posted December 24, 2015
  • Car Review Scion iM

    BY JOSÉ L. CARMONA Making its official debut at the 2015 New York Auto Show last March, the Scion iM is the Toyota subsidiary’s answer for young millennial autobuyers who are looking for a sporty fuel-efficient hatchback...

    • Posted December 24, 2015
  • Puerto Rico’s Crisis Packs the Pockets of Politicians and Lobbyists in the U.S.

    The government of Puerto Rico expects Congress to include Puerto Rico in Chapter 9 of the U.S. Bankruptcy Code or any measure that addresses the island’s fiscal crisis in its year-end budget, after five hearings were held...

    • Posted December 24, 2015
  • 12 Days of Christmas

    BY PHILIPE SCHOENE ROURA, JUAN A. HERNANDEZ, DENNIS COSTA, LUIS J. VALENTIN, ROSARIO FAJARDO AND ISMAEL TORRES “On the First day of Christmas, the Three Kings Gave to me…” One Lame Duck in a Palm Tree… •...

    • Posted December 24, 2015