Caribbean Business articles from August 1991

Caribbean Business archives from August 1991

Hired guns; the high cost of taking the law into our own hands. (security services)(includes related article)
August 29, 1991... Hired guns The high cost of taking the law into our own hands If by some strange and wonderful miracle, all the muggings, murders, rapes, thefts and other crimes that are part of our daily life in Puerto Rico should suddenly stop, the...

New buyer comes forth for Clarion Hotel. (Lam Yin of Commonwealth Global Investment & Development Co.; Clarion Hotel & Casino)
August 29, 1991... New buyer comes forth for Clarion Hotel The sale of the Clarion Hotel & Casino to local businessman Jose A. (Tony) Santana collapsed two weeks ago but now a group of Chinese investors has emerged as a potential buyer to the 168-room...

Abbott plans $160M plant in Barceloneta. (Abbott Laboratories)
August 29, 1991... Abbott plans $160M plant in Barceloneta In what could be one of the largest manufacturing projects currently being contemplated for the island, health care products giant Abbott Laboratories is planning to invest up to $160 million to build...

Insiders predict Bahia Beach sale will fail. (Bahia Beach Plantation Resort, Rio Grande, Puerto Rico)
August 29, 1991... Insiders predict Bahia Beach sale will fail Sources close to the negotiations to purchase the 600-acre Bahia Beach Plantation Resort in Rio Grande say the deal has run into major difficulties and predict that it is about to fall through....

Micom Caribe seeks to buy plant from parent. (Micom Communications Corp.)
August 29, 1991... Micom Caribe seeks to buy plant from parent Micom Caribe Inc., a data communications equipment manufacturer, is currently negotiating to buy the assets of its Cayey, Puerto Rico plant from parent company Micom Communications Corp. If...

Governor announces new housing incentive. (Rafael Hernandez Colon)
August 29, 1991... Governor announces new housing incentive Gov. Rafael Hernandez Colon last week announced a new incentive to spur financing of low and moderate-income housing in Puerto Rico, and thus ease the shortage of homes in that segment of the market....

Barceloneta audits firms to collect taxes. (Bristol-Myers Squibb, Merck Sharp, Dohme Quimica Inc., Casera Foods Inc., Pfizer Pharaceuticals INc., Abbott Laboratories Inc., Sterling Drug Inc. and Redondo Construction Corp.)
August 29, 1991... Barceloneta audits firms to collect taxes Barceloneta Mayor Sol Luis Fontanez has managed to collect, through negotiations, $2.3 million in municipal taxes from seven companies with operations in the municipality. The municipality of...

Berrocal already making his mark at GDB. (Jose Berrocal, president of Government Development Bank for Puerto Rico)
August 29, 1991... Berrocal already making his mark at GDB Not even a month into his new job as president of the Government Development Bank for Puerto Rico (GDB), Jose Berrocal is already making his mark, and a growing number of observers in Puerto Rico's...

Guarantee coming for Caribbean-936 loans. (Government Development Bank for Puerto Rico; loan funds for the Caribbean Area from profits of Puerto Rican subsidiaries of United States mainland-based corporations operating under Section 936 of the Internal Revenue Code)
August 29, 1991... Guarantee coming for Caribbean-936 loans The Government Development Bank for Puerto Rico (GDB) is working on a new initiative to help guarantee 936 loans to the rest of the Caribbean. Under the program, which should be ready by the end...

System One to market new bar code next year. (largest manufacturer of coding products in the world; Portable Data File 417)
August 29, 1991... System One to market new bar code next year System One, coding specialist, is planning to enter the new era of bar coding. In 1992, it will market the new "Portable Data File 417," which is a two dimensional bar code developed by Symbol...

Vassallo seeks to sell gaskets in Europe. (Industrias Vassallo Inc.)
August 29, 1991... Vassallo seeks to sell gaskets in Europe Industrias Vassallo Inc. is negotiating a product distribution and licensing agreement on its patented gasket system with Wavin Terri S.A. of the Netherlands. The deal could result in an additional...

Wang markets products to financial sector. (Wang Computers Inc.)
August 29, 1991... Wang markets products to financial sector Wang Computers Inc. announced that it will be aggressively marketing its hardware and software products for the financial industry. At an activity held at the Banker's Club on Aug. 21, 1991,...

NCR enters joint venture with Mentor Corp. (NCR Corp.; data consulting firm)
August 29, 1991... NCR enters joint venture with Mentor Corp. NCR Corp. recently announced its entering into joint venture with Mentor Corp., a data consulting firm. This association allows NCR to offer a more complete array of equipment and programming...

Going nowhere fast; the Condado Convention Center. (planned sale not consumated)
August 29, 1991... Going nowhere fast The Convention Center Nearly one year after the collapse of the Condado convention and hotel complex sale to Flagship Hospitality, the government is still struggling to find a buyer for the property. With only two days...

Crowne Plaza Hotel halts search for buyer. (Holiday Inn Crowne Plaza, Puerto Rico)
August 29, 1991... Crowne Plaza Hotel halts search for buyer H.I. Development Corp., the company which owns and operates the newly opened Holiday Inn Crowne Plaza hotel, has canceled its agreement with Okada International, a New York-based commercial real...

Autos Vega to continue servicing Peugeots in P.R. (Puerto Rico)(Auto Portfolio) (Company Profile)
August 29, 1991... Autos Vega to continue servicing Peugeots in P.R. Autos Vega Inc., the island's dealer for Peugeot Motors of America, will continue selling and servicing Peugeot cars despite the fact that Peugeot announced it would not continue...

Mitsubishi's Diamante recently unveiled in Puerto Rico. (Mitsubishi Motor Sales of Caribbean Inc.)(Auto Portfolio)
August 29, 1991... Mitsubishi's Diamante recently unveiled in Puerto Rico Last Thursday at 7:00 p.m. in the Caribe Hilton Hotel, Mitsubishi Motor Sales of Caribbean Inc. unveiled the Diamante, Mitsubishi Motors' entry into the luxury sedan market this year....

Fomento combats $17.2M pavilion controversy. (Fomento de Commercio Exterior; negative perceptions on the Puerto Rican pavillion at the Expo '92, Seville, Spain)
August 29, 1991... Fomento combats $17.2M pavilion controversy The Puerto Rico National Pavilion Office will be stepping up efforts to ease the growing controversy over the building of a $17.2 million pavilion to represent the island at the universal...

Navieras is moving administrative offices. (Puerto Rico Maritime Shipping Authority)
August 29, 1991... Navieras is moving administrative offices The Puerto Rico Maritime Shipping Authority (Navieras) is moving its administrative offices from the former Banco de Ponce Building in Hato Rey to a new building located in the Metro Office Park in...

FMC to monitor U.S.-P.R.-trade cargo firms. (Federal Maritime Commission)(Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... FMC to monitor U.S.-P.R.-trade cargo firms The Federal Maritime Commission (FMC) plans to investigate shipping firms operating in the Puerto Rico-U.S. mainland trade to determine whether they are complying with tariff requirements for...

Safety gear part of industry's effort toward safer workplace. (safety gear company Anibal L. Arsuaga Inc. deals in safety appliances for the construction industry)(Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... Safety gear part of industry's effort toward safer workplace Industrial and construction accidents as well as occupational diseases are two bad side effects of the industrial revolution. Over the years, industry, government and workers...

Burglar alarms and access control systems differ in function. (ADT Security Sytems' products)(Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... Burglar alarms and access control systems differ in function To the layman, the difference between modern day access control systems and burglar alarm systems is very small. Clearly there is a difference in function. The access system...

It's been a "dry" summer for Puerto Rico's cement industry. (Puerto Rican Cement Company Inc.)(Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... It's been a "dry" summer for Puerto Rico's cement industry This has been a "dry" summer in more than one sense for the cement industry in Puerto Rico, which is controlled by two companies on the island: Puerto Rican Cement (PRC), which has...

Recovery of manufacturing sector benefits construction firms. (Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... Recovery of manufacturing sector benefits construction firms There's great news for construction companies on the island: Puerto Rico's ailing manufacturing sector is showing signs of recovery. (See CARIBBEAN BUSINESS, Aug. 8, 1991.) ...

Contractors keep assets liquid renting from American Machinery. (American Machinery Inc.; Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... Contractors keep assets liquid renting from American Machinery American Machinery Inc. offers, as its name implies, American machines. Not just any machines - this is a company that rents heavy equipment to contractors. The company...

Bradbury specializes in steel. (Bradbury Co. of Puerto Rico)
August 29, 1991... Bradbury specializes in steel The Bradbury Co. of Puerto Rico manufactures steel buildings using galvanized steel components and truss roofing manufactured on the island. Pharmaceutical firms, hotels, restaurants and food processing...

Industries check environmental information before setting up. (environmental impact statement services)(Associated General Contractors of America Puerto Rico Chapter)
August 29, 1991... Industries check environmental information before setting up The passage of environmental legislation by the U.S. Congress in the 1970s, which led to the establishment and regulation of water and air standards, created a need for...

What you don't know, can cost you. (The Americans with Disabilities Act will take into effect in Puerto Rico)
August 22, 1991... What you don't know, can cost you In less than a year, a little-publicized act signed into law in 1990 by President Bush will enter into effect here - at a cost of hundreds of millions of dollars to Puerto Rico businesses and the Commonwealth...

New Holiday Inn Crowne Plaza up for sale.
August 22, 1991... New Holiday Inn Crowne Plaza up for sale The Holiday Inn Crowne Plaza hotel which opened for business earlier this month is looking for a buyer, sources have informed CARIBBEAN BUSINESS. The hotel's owner, H.I. Development Corp., is asking...

Roche Products to post $30 million bond. (part of strategy to challenge in court attempts by the Municipality of Manati to collect municipal taxes)
August 22, 1991... Roche Products to post $30 million bond The attempts by the Municipality of Manati to collent millions of dollars worth of municipal taxes from Roche Products Inc. and other companies receiving tax exemption benefits has become a matter of...

Hanes to expand P.R. and D.R. work force. (Hanes Menswear Inc. to increase number of Puerto Rico and Dominican Republic workers)
August 22, 1991... Hanes to expand P.R. and D.R. work force Hanes Menswear Inc. plans to increase its Puerto Rico work force by 150 employees over the next couple of months to meet increasing demand for its products. The company also plans to boost employment...

Empresas Caparra planning major changes. (to integrate properties)
August 22, 1991... Empresas Caparra planning major changes Empresas Caparra - the parent company that owns San Patricio Plaza, Galeria San Patricio, the five-acre Caparra Dairy lot, fast-food outlets, and office buildings in adjacent areas - is gearing up for...

Study points to benefits of tax incentives. (personal tax rate)
August 22, 1991... Study points to benefits of tax incentives Puerto Rico's gross national product (GNP) would increase $101.2 million annually, and the Commonwealth government would collect $8.1 million in additional taxes, if a new tax incentive being...

Giving builders something to smile about. (H.F. Mortgage Bankers provides loans to new residential developments in Puerto Rico)
August 22, 1991... Giving builders something to smile about Home builders in Puerto Rico finally have something going their way when it comes to obtaining credit. After nearly two years of seeing their loan options shrink - with bank after bank tightening...

Greater relief on conventional mortgages. (Mortgage Guaranty Insurance Corp.'s new service in Puerto Rico)
August 22, 1991... Greater relief on conventional mortgages In a little-noticed but significant development, Mortgage Guaranty Insurance Corp. (MGIC) has introduced a new service to Puerto Rico that expands the firm's coverage of conventional mortgages on the...

Two local savings banks report earnings. (Western Federal Savings Bank and Oriental Federal Savings Bank)
August 22, 1991... Two local savings banks report earnings Western Federal Savings Bank last week reported a decrease in its net income for the second quarter ended June 30 from $1.2 million or $.79 per share at the same time last year to $920,317 or $.62 per...

Some manufacturers see recession easing. (Industrias Vassallo Inc. and Atlantic Thermoform Corp. registers increase in sales)
August 22, 1991... Some manufacturers see recession easing The recession affecting Puerto Rico's economy may not have ended yet but the worst of it appears to be over for a couple of local manufacturers. Industrias Vassallo Inc., the Puerto Rico...

Environmental issues bring industry regulations. (Puerto Rico's environmental policy)
August 22, 1991... Environmental issues bring industry regulations The office of the Puerto Rico Manufacturers Association's (PRMA) Environmental Matters, Safety and Health consultant had a sense of urgency. The desk was full of telephone messages and case...

Sara Lee Corp. buys Playtex's P.R. plants. (Playtex Apparel Inc.'s Puerto Rico manufacturing plants)
August 22, 1991... Sara Lee Corp. buys Playtex's P.R. plants Sara Lee Corp. is purchasing Playtex Apparel Inc. in a $171 million deal that includes the company's five Puerto Rico manufacturing plants. The purchase catapults Sara Lee among the top...

Delta to acquire Pan Am assets, routes. (Delta Airlines; Pan American World Airways's assets and routes)
August 22, 1991... Delta to acquire Pan Am assets, routes Last week, the U.S. Bankruptcy Court approved Delta Airlines' $1.39 billion bid for selected Pan American World Airways assets and routes. In the transaction, Delta will acquire a hub in New York City,...

Whole Santurce block to be rehabilitated. (Commercial Centers Management Inc. to renovate Stop 18 block)
August 22, 1991... Whole Santurce block to be rehabilitated Commercial Centers Management Inc. (CCM) will invest $3.5 million for new construction and rehabilitation of a whole block in the Stop 18 area in Santurce - including the Garcia Comercial Bldg., a...

San Juan Cement completes $43M renovation.
August 22, 1991... San Juan Cement completes $43M renovation After two years of intense construction, installation and testing, San Juan Cement (SJC) last week completed a $43 million renovation to convert its cement production facilities in Dorado from the...

Caribbean Cinemas expands in Plaza Rio Hondo. (Bayamon, Puerto Rico)
August 22, 1991... Carribean Cinemas expands in Plaza Rio Hondo Carribean Cinemas is in the midst of adding four theaters to its six-unit complex in Plaza Rio Hondo in Bayamon. Once the $1.5 million expansion is completed, Rio Hondo will have the largest...

Sterling Motors pulls cars off U.S. market.
August 22, 1991... Sterling Motors pulls cars off U.S. market Britain's Sterling Motors, a division of the British Range Rover Group, has pulled its cars out of the U.S. market after a substantial drop in sales this year. Since it was introduced on the local...

Corporate Communicators gets two new clients. (to provide advertising for Digital Equipment Caribbean Inc. and Saldana & Associates Inc.)
August 22, 1991... Corporate Communicators gets two new clients Vilma Colon, president of Corporate Communicators Inc. announced the recent acquisition of two market leaders: Digital Equipment Caribbean Inc. and Saldana & Associates Inc. Saldana &...

Miami agency targets Caribbean tourism. (Joanne Factor forms JSF Caribbean Inc.)
August 22, 1991... Miami agency targets Caribbean tourism Former New York advertising executive Joanne Factor recently formed JSF Caribbean Inc., a new Miami-based marketing and communications agency specializing in the Caribbean tourism industry. The...

Bozell CPV bags Scotiabank. (Bozell CPV Advertising; Scotiabank de Puerto Rico)
August 22, 1991... Bozell CPB bags Scotiabank Bozell CPV Advertising was recently designated as the advertising public relations, and promotions agency for Scotiabank de Puerto Rico. The awarding of this account, with estimated annual billings of...

Manufacturing shifts into gear: expansions, new plants and hiring will expand local economy. (manufacturing industries) (Cover Story)
August 8, 1991... Manufacturing shifts into gear Puerto Rico's ailing manufacturing sector is showing signs of recovery. Investment in manufacturing projects and hiring, stagnant during the past couple of years, is once again picking up. An informal...

Banco Comercial to buy 38% of GE Capital P.R. (Banco Comercial de Mayaguez; General Electric Capital Corp. of Puerto Rico)
August 8, 1991... Banco Comercial to buy 38% of GE Capital P.R. Banco Comercial de Mayaguez will soon own 38% of General Electric Capital Corp. of Puerto Rico as part of an agreement by both companies' parent offices to establish closer ties, according to...

Baxter boosts work force at Culebra plant. (Baxter Healthcare of Puerto Rico) (company profile)
August 8, 1991... Baxter boosts work force at Culebra plant Baxter Healthcare Corp. of Puerto Rico is expanding the work force by 20 to 25 workers and starting a second shift at its Culebra manufacturing plant. The work force expansion is part of the...

Santander loses bid for Florida Federal. (Banco Santander; Florida Federal Savings Bank)
August 8, 1991... Santander loses bid for Florida Federal Banco Santander came out on the losing side last week in its attempt to acquire Florida Federal Savings Bank from the Resolution Trust Corp. (RTC), the federal agency that manages and sells failed...

Condado Plaza lobby to undergo renovation. (Condado Plaza Hotel & Casino)
August 8, 1991... Condado Plaza lobby to undergo renovation The lobby of the Condado Plaza Hotel & Casino is scheduled to undergo a major renovation program next year estimated to cost at least $7 million. Plans also call for the expansion of the hotel's...

BPPR to get back into lease-buying market. (Banco Popular de Puerto Rico)
August 8, 1991... BPPR to get back into lease-buying market Banco Popular de Puerto Rico is getting back into the market of buying leases, CARIBBEAN BUSINESS has learned. "We had discontinued the purchase of leases in the third quarter of 1990 due to...

First Continental becomes more informal. (First Continental Securities Corp.)
August 8, 1991... First Continental becomes more informal First Continental Securities Corp. has recast its image, and the locally based discount investment brokerage firm is using its recent move from Hato Rey's Golden Mile to Old San Juan to symbolize the...

First Federal files lawsuit against Mier. (First Federal Savings Bank; Mariano J. Mier, ex-president of the bank)
August 8, 1991... First Federal files lawsuit against Mier The bond financing that became the catalyst for Mariano J. Mier's departure as president of First Federal Savings Bank nearly a year ago has come back to haunt him. Discarded at the time as...

Clark Melvin still has same main mission. (Clark Melvin Securities Corp.) (company profile)
August 8, 1991... Clark Melvin still has same main mission Cesar "Tito" Montilla opened Azimuth Capital Corp. nearly 15 months ago with a mission: to espouse the virtues of asset preservation, or what Montilla calls "true" investing, and to handle such...

Schering plans to challenge Manati's tax. (Schering-Plough Corp.)(Municipality of Manati, Puerto Rico)
August 8, 1991... Schering plans to challenge Manati's tax Schering-Plough Corp. said last week that it plans to challenge in court efforts by the Municipality of Manati to collect $4 million in taxes allegedly owed by the company's Puerto Rico subsidiary....

Pfizer dedicates new plant in Barceloneta. (Pfizer Pharmaceuticals Inc.; Barceloneta, Puerto Rico)
August 8, 1991... Pfizer dedicates new plant in Barceloneta Barceloneta, Puerto Rico - Pfizer Pharmaceuticals Inc. last week inaugurated its new manufacturing plant to make bulk active ingredients used in finished pharmaceutical products. The new...

New Pridco president sworn in. (Puerto Rico Industrial Development Co.; Antonio Maldonado Lopez)
August 8, 1991... New Pridco president sworn in Antonio Maldonado Lopez, a retired U.S. Air Force brigadier general, was sworn in as president of the Puerto Rico Industrial Development Co. (Pridco) last week. Accompanying Maldonado during the inauguration...

Plaza Las Americas in top 1% of all U.S. shopping malls. (Special Report) (company profile)
August 8, 1991... Plaza Las Americas in top 1% of all U.S. shopping malls Puerto Rico might be one of the smallest territories under the U.S. flag, but it is the home of one of the largest shopping malls in the nation. What most people outside the...

Episcopal Church sues San Giminiano Realty. (Puerto Rican Episcopal Church Inc.)
August 8, 1991... Episcopal Church sues San Giminiano Realty The Puerto Rican Episcopal Church Inc., owners of the 3,824 square-meter lot adjacent to the Dupont Plaza Hotel on Condado's Ashford Avenue, has filed a lawsuit at the Puerto Rico Superior Court in...

HealthPlus classified as Type-B. (health maintenance organization)
August 8, 1991... HealthPlus classified as Type-B HealthPlus Inc., a health maintenance organization (HMO), was recently classified by the U.S. Department of Health and Human Services as a Type-B HMO, the highest classification of HMOs, which is determined...

Environmental services. (Industry Profile)
August 8, 1991... ENVIRONMENTAL SERVICES The environmental services and consulting industry is one of the few sectors that has remained unaffected by the current economic recession. This is largely the result of new federal and local laws requiring...

EQB drafts bio-medical waste regulation. (Puerto Rico Environmental Quality Board)
August 8, 1991... EQB drafts bio-medical waste regulation The Puerto Rico Environmental Quality Board (EQB) is in the final stages of drafting a local bio-medical waste regulation to replace the federal Medical Waste Tracking Act, which was a two-year pilot...

Sands Hotel prepares debt repayment plan. (Sands Hotel & Casino)
August 8, 1991... Sands Hotel prepares debt repayment plan The owners of the Sands Hotel & Casino anticipate having a new repayment plan for their creditors' approval as early as next month, according to Richard Abati, vice president and general manager of...

Common Touch's LegalPartner software debuts.
August 8, 1991... Common Touch's LegalPartner software debuts Common Touch Inc., a computer software company, recently announced the introduction of LegalPartner, its personal computer-based software designed - like most of the company's products - primarily...

Computer retailers record better sales recently.
August 8, 1991... Computer retailers record better sales recently The computer industry is one of the fastest growing industries in Puerto Rico. Some of the largest computer manufacturers including Hewlett-Packard, Digital, IBM and Tandy are either...

No USDA passenger inspection fee. (United States Department of Agriculture)
August 8, 1991... No USDA passenger inspection fee WASHINGTON, D.C. - The U.S. Department of Agriculture's proposed $2 user fee for inspecting passengers between Puerto Rico and the mainland appears to be dead on arrival of its implementation date,...

Crowley-TMT begins Venezuela-P.R. service. (Puerto Rico; cargo container service)
August 8, 1991... Crowley-TMT begins Venezuela-P.R. service Crowley-TMT has begun a new cargo container service between Venezuela and Puerto Rico, Jose Amadeo, vice president of the company's Caribbean Services, announced last week. Crowley's new...

Navieras signs with agents on 2 islands. (Puerto Rico Maritime Shipping Authority; Service Guadaloupeen de Transportes Maritimes in Guadeloupe; Geo. W. Bennett Bryson & Co. Ltd. in Antigua)
August 8, 1991... Navieras signs with agents on 2 islands The Puerto Rico Maritime Shipping Authority (Navieras) has entered agreements with Service Guadaloupeen de Transportes Maritimes (SGTM) and Geo. W. Bennerr Bryson & Co. Ltd. to represent Navieras in...

Companies strive to be green-conscious to safeguard profits. (Cogentrix Inc.'s public relations campaign on its environmental policy)
August 8, 1991... Companies strive to be green-conscious to safeguard profits The environment is, without a doubt, THE issue of this decade and the next century. Businesses have to be green-conscious in order to make green-dollar profits. An article...

Public relations. (Industry Profile)
August 8, 1991... PUBLIC RELATIONS The challenges have never been greater nor have the opportunities been brighter for public relations professionals in Puerto Rico. The role of the professional and the scope of the profession have both evolved and...

JMA/A Ryan Corp. gets contract with VA. (Veterans Administration)
August 8, 1991... JMA/A Ryan Corp. gets contract with VA JMA/A Ryan Corp. and the affiliated Olsten Temporary Services recently obtained a one-year contract with the Veterans Administration (VA). The contract includes both permanent and temporary placement,...

Unemployment rate on the rise. (Puerto Rico Labor and Human Resources Department report)
August 8, 1991... Unemployment rate on the rise According to the latest report from the Puerto Rico Labor and Human Resources Department, the unemployment rate increased to 16.8% for the month of June. Last year the unemployment rate for the same month was...

Central Florida: 500 home buying families per year are Puerto Rico residents.
August 1, 1991... Central Florida 500 home buying families per year are Puerto Rico residents Central Florida -- particularly Orlando and Kissimmee -- has become the land of opportunity not only for hundreds of Puerto Rico families that move each...

Merck & Co. to invest $90 million in P.R. (Puerto Rico)
August 1, 1991... Merck & Co. to invest $90 million in P.R. Investment in plant will create 200 manufacturing jobs; facility will produce five new pharmaceutical products Drug maker Merck & Co. Inc. is planning to invest as much as $90 million in a new...

Aqua Express second phase will cost $103M. (Aqua Express ferry service)
August 1, 1991... Aqua Express second phase will cost $103M Expanded service will connect S.J. commuter to airport; Ports Authority prepares application for federal funding The second phase of the island's Aqua Express ferry service will cost an estimated...

Public Broadcasting officials asked to quit. (German Rickehoff and Pedro Gonzalez Ramos of the Puerto Rico Public Broadcasting Corporation)
August 1, 1991... Public Broadcasting officials asked to quit The saga of Puerto Rico's public broadcasting continues. The chairman and executive director of the Puerto Rico Public Broadcasting Corporation (PRPBC), the parent company of WIPR and a...

Banco Popular to buy deposits of N.Y. bank. (Banco Popular de Puerto Rico; New York Capital Bank N.A.)
August 1, 1991... Banco Popular to buy deposits of N.Y. bank Banco Popular de Puerto Rico will soon acquire more than $70 million in deposits and about $3 million in assets from the New York Capital Bank N.A. in New York City. While the amount to be paid...

New shopping mall planned for Montehiedra. (Montehiedra, residential development in Caguas, Puerto Rico)
August 1, 1991... New shopping mall planned for Montehiedra K mart may buy project from A.H. Development to become anchor tenant and possible partner with Manley-Berenson Montehiedra, a 300-unit residential development under construction in Caguas, will...

14,777 jobs pledged by Fomento promotions. (Puerto Rico Economic Development Administration)
August 1, 1991... 14,777 jobs pledged by Fomento promotions The number of manufacturing projects promoted by the Puerto Rico Economic Development Administration (Fomento) during fiscal year 1991 reached 203 plants pledging to create 14,777 jobs. The...

P.R. banks face tougher limits on mainland. (effect of the Foreign Bank Supervision Enhancement Act of 1991 on Puerto Rican and other foreign banks in the U.S.)
August 1, 1991... P.R. banks face tougher limits on mainland New bill now under consideration in Congress would impose tough regulation on foreign banks, including those in P.R. Banks chartered in Puerto Rico which have or want to have operations on the...

Blue Cross borrows $14 million. (Blue Cross of Puerto Rico borrows from Banco Central Corp.)
August 1, 1991... Blue Cross borrows $14 million Blue Cross of Puerto Rico last week borrowed $14 million from Banco Central Corp. for the construction of the insurance company's new headquarters building in Rio Piedras. The financing took the form of...

Procesadora Campofresco continues to expand. (fruit juice producer) (company profile)
August 1, 1991... Procesadora Campofresco continues to expand Natural fruit juice firm to increase work force, output; company gets set to export all-natural products to Japan Julio F. Mendez is passionate about passion fruit. As president of Procesadora...