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Top Local News Headlines

These are the top local news stories from News is my Business for Sunday, March 29, 2015.

Fitch slashes Puerto Rico’s GO ratings to ‘B’ from ‘BB-‘

Published 27 March 2015, 9:03 am
Fitch Ratings announced Thursday it has downgraded the Commonwealth of Puerto Rico's general obligation and related debt ratings to 'B' from 'BB-' and placed them on Rating Watch Negative. Read More →

Ballester goes solar with Yarotek, REC Solar grid

Published 27 March 2015, 9:02 am
Puerto Rican food distributor Ballester Hermanos is looking to slash electricity costs with solar electric system through a partnership with Yarotek, a Miami-based solar developer and independent power producer, and solar and energy solutions provider REC Solar, on an 874 kilowatt rooftop solar system. Read More →

Former Rockefeller property in Dorado on sale for $8.5M

Published 27 March 2015, 9:01 am
A historic 3.8-acre property on which Laurance Rockefeller built his estate within one of the Caribbean’s most coveted stretches of oceanfront land, Dorado Beach, is now on the market for $8.5 million, Trillion Real Estate Group announced Thursday. Read More →

La Oficina, new shared office space, opens in San Juan

Published 27 March 2015, 9:00 am
La Oficina, a new, shared executive office space, opened its doors in the Caribe Plaza Office Building, across the street from the Caribe Hilton hotel, kicking off the project with an open house last week. Read More →

The Mall of San Juan opens today with 1/3 of tenants

Published 26 March 2015, 9:04 am
When Puerto Rico’s newest shopping center, The Mall of San Juan, opens today, it will do so with about a third of the tenant mix it expects to populate the 650,000 square-foot retail space by year’s end. Read More →

EDB spurs creation of 217 new businesses, 1,668 jobs

Published 26 March 2015, 9:03 am
The Puerto Rico Economic Development Bank announced Wednesday it has spurred the creation of 217 new businesses since January 2013, through $22.3 million in approved financing. Read More →

Colombia seeks more investment from the Caribbean

Published 26 March 2015, 9:02 am
Colombia’s government promotion agency, Procolombia, is looking to boost foreign direct investment by attracting Caribbean investors who are looking to reach South America, as Colombia is a strategic export platform for the region, including Puerto Rico. Read More →

Santurce’s Colaboratorio opens to promote development

Published 26 March 2015, 9:01 am
The “Colaboratorio,” a collaborative space developed by Foundation for Puerto Rico to serve as the catalyst for Puerto Rico’s economic and social transformation, officially opened its doors for business recently in a ceremony headed by the nonprofit’s chairman, Jon Borschow. Read More →

FirstBank awards ‘Misión Beyond’ sweepstakes winners

Published 26 March 2015, 9:00 am
FirstBank recently awarded the winners of its “Misión Beyond” promotion, thorugh which participants opted for a shopping spree in New York, touring a vineyard in California or a new car. Read More →

The Mall of San Juan offers sneak peek today

Published 25 March 2015, 4:03 pm
High-ranking executives from Taubman and New Century Development, Inc. — developers of the $475 million The Mall of San Juan retail complex — will be on hand today to offer a sneak peek of the property to members of the media, a day before it officially opens for business. Read More →

Foundation for Puerto Rico promotes island in CT

Published 25 March 2015, 4:02 pm
The Foundation for Puerto Rico is participating for the first time in the New Haven College Fair Consortium 2015, in Conn., to promote “Campus Puerto Rico,” a program with representation from public and private universities that band together to advocate for Puerto Rico as an academic destination. Read More →

Trade groups partner to promote ‘Made in PR’ offerings

Published 25 March 2015, 4:01 pm
The Puerto Rico Products Association and the College of Architects and Landscape Architects have joined forces to exchange services in benefit of their respective members, stressing the economic importance of consuming products and using services that are "Made in Puerto Rico.” Read More →

Universia, Trabajando.com launch Yale job portal

Published 25 March 2015, 4:00 pm
The Universia-Trabajando.com Labor Community has developed an exclusive, customized employment portal for Yale University that provides its students and graduates with access to job and internship opportunities in various companies in Ibero-America. Read More →

Saks, Nordstrom offer preview of 1st Puerto Rico stores

Published 24 March 2015, 9:03 am
The two anchor tenants at The Mall of San Juan, Saks Fifth Avenue and Nordstrom, offered a sneak peek on Monday into their first stores in Puerto Rico, both representing the lap of retail luxury. Read More →

Gov’t, private sector present at SelectUSA ’15 summit

Published 24 March 2015, 9:02 am
Members of Puerto Rico’s economic development team and private sector representatives will participate this week in the SelectUSA Investment Summit, hosted by the U.S. Department of Commerce, to present a united front to promote foreign direct investment on the island. Read More →

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