Caribbean Business articles from January 1992

Caribbean Business archives from January 1992

High tech jos, low tech skills: how is Puerto Rico filling the gap? (Cover Story)
January 30, 1992... High tech jobs, low tech skills Puerto Rico's manufacturing sector is on the fast lane to technological sophistication. There have been concerns for several years, however, that the island's educational system might not be keeping pace...

Banco Comercial negotiating move to Caparra. (Banco Comercial de Mayaguez)
January 30, 1992... Banco Comercial negotiating move to Caparra Bank may acquire three floors, open up branch in Caparra building; would be renamed Banco Bilbao Vizcaya de P.R. CARIBBEAN BUSINESS has learned that Banco Comercial de Mayaguez is negotiating...

Super Cuts inaugurates P.R. operation: Carolina salon will be first in a series of eight low-priced, high volume shops projected for 1992.
January 30, 1992... Super Cuts inaugurates P.R. operation Carolina salon will be first in a series of eight low-priced, high-volume shops projected for 1992 Super Cuts, a mainland-based hairstyling franchise chain, will make its grand entry to Puerto Rico...

Carlin to close Luquillo plant in April. (Carlin Manufacturing Co.)
January 30, 1992... Carlin to close Luquillo plant in April Carlin Manufacturing Co., maker of fine women's undergarments, will close its plant in Luquillo in April, according to sources in the region. The move follows a sharp drop in U.S. sales of the...

Growing budget deficit threatens P.R. bonds: credit rating may be affected; deficit may go beyond $250M; calls growing for looser tax amnesty in order to close gap. (Puerto Rico)
January 30, 1992... Growing budget deficit threatens P.R. bonds Credit rating may be affected; deficit may go beyond $250M; calls growing for looser tax amnesty in order to close gap The Commonwealth government's worsening budget deficit is making island...

Decision due on regulations, say officials: while 24-A ruling is seen this week, sources expect delay in 5% lending requirement; tollgate tax said influencing.
January 30, 1992... Decision due on regulations, say officials While 24-A ruling is seen this week, sources expect delay in 5% lending requirement; tollgate tax said influencing Commonwealth government officials indicated last week that a final decision...

Banco Nacional taken over, sold to Eurobank.
January 30, 1992... Banco Nacional taken over, sold to Eurobank Regulators could wait no longer for Nacional to recover or for Alegria to sell; Eurobank post offered to Madera The saga of Banco Nacional N.A. came to an abrupt end last Friday, when federal...

R&D is getting off the ground in P.R.
January 30, 1992... R&D is getting off the ground in P.R. Fometo to adapt Induniv model to $11M technology fund; program to involve private sector, academia, government Research and development (R&D), the process by which new products are invented and...

UNIPRO designs Colgate's Portugal plant.
January 30, 1992... UNIPRO designs Colgate's Portugal plant When consumer products giant Colgate-Palmolive needed a new detergents manufacturing plant to compete in the newly formed European Community, it turned to a Puerto Rico company. UNIPRO -...

Government to ban Condado lagoon jet skis?
January 30, 1992... Government to ban Condado Lagoon jet skis? Nearby residents allege noise from motors is intolerable; ban would cripple water ski rentals, Tourism's promotions A proposed ban by the Department of Natural Resources sources (DNR)...

First P.R. Internal Tourism fair slated. (Puerto Rico)
January 30, 1992... First P.R. Internal Tourism Fair slated Event geared to informing island residents about historic, recreational, trade events |right in their own back yard' Plans for the First Internal Tourism Fair of Puerto Rico are going full speed...

Mayor Acevedo lobbies for transit projects.
January 30, 1992... Mayor Acevedo lobbies for transit projects S.J. mayor calls mass transportation |decision of decade' for San Juan's traffic problems, at Conference of Mayors WASHINGTON - Mass transportation is the "decision of the decade" for San...

Copamarina resort initiates $8M renovation. (Copamarina Beach Resort hotel, Guanica)
January 30, 1992... Copamarina resort initiates $8M renovation One-time family property to become upscale beach club; plans include 125-room hotel, restaurant, villas, marina Hotelier Arnold Benus closed the deal on the Copamarina Beach Resort in Guanica...

Spec's Music first P.R. store exceeds predictions. (Puerto Rico)
January 30, 1992... Spec's Music first P.R. store exceeds predictions Market shows such promise that chain plans to add 10 more; beyond music tape, disc sales, plans include video rental In December, Spec's Music Inc. ventured its first expansion beyond...

Newell upgrades $45,000 computer network. (Newell Puerto Rico Ltd.)
January 30, 1992... Newell upgrades $45,000 computer network Improved system will enable distributor to improve service using electronic communication with manufacturers, clients Newell Puerto Rico Ltd., a merchandise distributor operating in Carolina, is...

Lotus announces major software upgrade. (Lotus Development Corp.)
January 30, 1992... Lotus announces major software upgrading Tutorial, Help features facilitate self-taught operating; disk database allows for unlimited amount of data storage Officials of Lotus Development Corp. recently announced LotusWorks 3.0, a...

A view from the top: Doral Mortgage president Nancy Hernandez says hard work and supportive husband helped her get where she is today.
January 30, 1992... A view from the top Doral Mortgage President Nancy Hernandez says hard work and supportive husband helped her get where she is today What does it take to be a success in the world of mortgage banking? Genuine interest, said Nancy...

Damas adds pediatric intensive care unit. (Damas Hospital)
January 30, 1992... Damas adds pediatric intensive care unit New unit to complement the neonatal intensive care unit; neonatologists and pediatricians have worked on mainland Ponce's Damas Hospital has installed a pediatric intensive care unit. The...

Chiropractic is non-surgical alternative: since being acknowledged by American Medical Association as branch of medicine chiropractic has grown rapidly here.
January 30, 1992... Chiropractic is non-surgical alternative Since being acknowledged by American Medical Association as branch of medicine chiropractic has grown rapidly here For many years chiropractic was not acknowledged as a branch of medicine....

Heart Association prepares for Heart Month. (Heart Association, Puerto Rico Chapter)
January 30, 1992... Heart Association prepares for Heart Month P.R. Chapter teams with Sterling Winthrop to carry out fund-raising activities and offer free testing clinics The Heart Association, Puerto Rico Chapter, in conjunction with Sterling Winthrop,...

AIDS education crusade going to campuses.
January 30, 1992... AIDS education crusade going to campuses WASHINGTON - Mayor Hector Luis Acevedo said he will take his crusade for AIDS education and prevention to the university campuses in Puerto Rico because students are one of the main targets of the...

Breast implants also banned in Caribbean.
January 30, 1992... Breast implants also banned in Caribbean Dow Corning denies that doctors will be giving implants in area as insinuated by article in Wall Street Journal All silicon implants have been banned in Puerto Rico as well as the markets served...

Upjohn asked for information on Halcion.
January 30, 1992... Upjohn asked for information on Halcion Luis Roberto Pinero, secretary of the Commonwealth's Consumer Affairs Department (DACO by its Spanish acronym) recently ordered Upjohn International Corp. and Upjohn Manufacturing Co. to submit...

Civil procedure amendments go into effect.
January 30, 1992... Civil procedure amendments go into effect Legal procedures affected by amendments include duties of district court clerk, jury participation in verdict Amendments made to the local and federal regulations regarding civil procedures...

Today, office supply stores offer larger variety of products.
January 30, 1992... Today, office supply stores offer larger variety of products When you were in school, you called them school supplies, and shopping for them in August marked the symbolic beginning of your school year. In grammar school, if everyone else...

Ergonomic seating takes into consideration positions assumed.
January 30, 1992... Ergonomic seating takes into consideration positions assumed When it's used to describe your office furniture or automobile interior, the term ergonomic seems to imply something that's good for you. But what does it really mean? According...

1992 could be year to add technological tools to your office.
January 30, 1992... 1992 could be year to add technological tools to your office Improvement is a theme common to many New Year's resolutions. If your workplace could use some quick pickups for the new year, one of the best ways to make changes you'll really...

Ricoh's new fax machine prints final documents on plain paper.
January 30, 1992... Ricoh's new fax machine prints final documents on plain paper Ricoh Corp. recently introduced the new FAX3200L facsimile machine which delivers laser images on plain paper. This revolutionary system will allow businesspeople to use faxed...

'90s office decor to lean toward styles influenced by nature.
January 30, 1992... '90s office decor to lean toward styles influenced by nature The interior design of a company's conference rooms, boardroom and executive offices speaks loudly about that company's character - without, of course, ever uttering a word....

Distinguished Information Services Awards on at Bankers Club. (Data Processing Management Association)
January 30, 1992... Distinguished Information Sciences Awards on at Bankers Club Today, Jan. 30, the Data Processing Management Association (DPMA) will present its annual Distinguished Information Sciences Awards at a dinner in the Hato Rey Bankers Club. ...

November radio advertising at 8.6 million.
January 30, 1992... November radio advertising at $8.6 million Z-93 maintains No. 1 spot; marked increase in radio ads attributed to government spending for Dec. 8 referendum November 1991 radio advertising spending registered at an estimated $8.6 million...

New bill would set age for liquor ad models.
January 30, 1992... New bill would set age for liquor ad models Critics say setting age for alcohol ad models, performers at 21 clashes with established legal drinking age of 18 A bill submitted last week by Puerto Rico Rep. Jorge de Castro Font,...

Accurate ad sales figures hard to pin down.
January 30, 1992... Accurate ad sales figures hard to pin down Publish Records Service reported '91 television ad sales of up to 67% above actual sales, industry sources report In the media industry, accurate advertising sales figures are difficult to pin...

Advertisers see Super Bowl as chance to get big bucks.
January 30, 1992... Advertisers see Super Bowl as chance to get big bucks What's the right strategy for winning the Super Bowl? Do you go all-out throwing a series of risky bombs, do you keep to the sidelines, or do you show up in some other stadium...

What U.S. needs is a sensible trade policy.
January 30, 1992... What U.S. needs is a sensible trade policy We might make more progress solving some of our problems if we would cease handling them in isolation. The problems are all interrelated anyway, so a holistic approach to government would be...

Politics loses foreign policy centerpiece.
January 30, 1992... Politics loses foreign policy centerpiece WASHINGTON - The 1992 presidential campaign will be something unique in the annals of modern American politics, notable, like the Sherlock Holmes hound that did not bark, for what will not happen....

Blood, sweat and tears: teamwork rescues First Federal. (First Federal Savings Bank of Puerto Rico) (Front Page Story) (Column)
January 23, 1992... In August of 1990, the new senior managers of First Federal Savings Bank of Puerto Rico inherited a bank in disarray and in the midst of a profit free fag that produced a $17.7 million loss that year. Undeterred, they rolled up their sleeves,...

Santander Federal conversion seen next week. (Santander Federal Savings Bank)
January 23, 1992... Officials of Santander Federal Savings Bank expect to finally obtain federal regulatory approval next week of the conversion of Santander Federal from a thrift institution into a national bank. Jose Aparicio, president of the 20-branch,...

Venezuelan-Dominican group bids for Nacional. (Banco Nacional N.A., Puerto Rico)
January 23, 1992... As of press time Monday, Banco Nacional N.A. was expected to accept an offer from a group of Venezuelan and Dominican investors to acquire the three-branch, Hato Rey-based bank. This is the latest, and thus far most likely, deal entered...

Pizza Management to sell assets to PepsiCo.
January 23, 1992... Pizza Management Inc., the Texas-based franchisee of 48 Pizza Hut and Taco Bell restaurants in Puerto Rico, is negotiating to sell its assets to PepsiCo Inc. for an undisclosed amount In addition to its Puerto Rico operation, Pizza Management...

Aiport hotel project hinges on GDB loan. (proposed hotel at the Luiz Munoz Marin International Airport; Government Development Bank of Puerto Rico)
January 23, 1992... Another local hotel project is relying on government financial assistance to get it off the ground. The 240-- room hotel proposed for the Luis Munoz Marin International Airport will not go forward unless the Government Development Bank (GDB)...

Court grants CCPR right to discovery. (Cellular Communications of Puerto Rico Inc.)
January 23, 1992... As part of the complaint Cellular Communications of Puerto Rico (CCPR) has filed against the Commonwealth government, the cellular company has asked the court to grant it a right to discovery This right requires the Planning Board and Permits...

Delay over Regulation 24-A 'perplexing.' (ruling on interest rates in Puerto Rico)
January 23, 1992... Perplexing and appalling -- thats how Puerto Rico bankers are describing the Commonwealth Finance Boards mysterious delay in issuing a final decision on Regulation 24-A, the ruling that sets interest rates on the island. The boards...

Citibank financed acquisition of Metmor. (Citibank N.A. of Puerto Rico; Metmor Financial Inc.)
January 23, 1992... Citibank NA. of Puerto Rico last month extended a $34.9 million loan package to Metmor Financial Inc., part of which financed the acquisition of Metmor by its president, Churchill Carey. Carey, who bought Metmor from parent company...

Zachry to build $25M Amgen plant in Juncos. (HB Zachry Company International; Amgen Manufacturing Inc.; Juncos, Puerto Rico)
January 23, 1992... Amgen Manufacturing Inc. has awarded a contract valued at about $25 million to HB Zachry Company International to build a pharmaceuticals processing plant in Juncos, Puerto Rico. The contract is part of a capital investment program of...

HDC unable to heed El Conquistador S.O.S. (Puerto Rico Hotel Development Corp.; El Conquistador Resort and Country Club)
January 23, 1992... The new government-owned Puerto Rico Hotel Development Corp. (HDC) is unable to invest badly needed capital in the El Conquistador Resort and Country Club project. according to Antonio Maldonado, president of the Puerto Rico Industrial...

Ambassador Plaza officially Radisson hotel. (Ambassador Plaza Hotel & Casino, Puerto Rico gets affiliation from Radisson Hotels International Inc.)
January 23, 1992... Last week, the owners of the Ambassador Plaza Hotel & Casino officially announced their affiliation with Radisson Hotels International. This new alliance provides the property with access to the chains international reservations systems and...

Historic warship to honor Puerto Rico military heroes. (USS Coral Sea to be transformed into a naval museum) (Special Report)
January 23, 1992... After an impressive 43 years of military service, the historic aircraft carrier the USS Coral Sea will depart the Philadelphia Naval Ship Yards- where it has spent the last year in retirement -- for its new home in Fajardo, Puerto Rico. ...

Earth movement slated at Montehiedra site. (start of construction work on a new shopping mall in Rio Piedras, Puerto Rico)
January 23, 1992... Construction work on the 600,000-square-foot shopping center in the Montehiedra mixed-use development in Barrio Caimito, Rio Piedras is scheduled to begin in the next 60 days, according to Eduardo Ramirez de Arellano, managing partner of A.H....

Etonic promotes high profile for product.
January 23, 1992... Bill Kirkendall, president of Etonic Inc, came to Puerto Rico recently. His second visit to the island was no surprise, especially at a moment when the firm is seeking to create a higher profile for its athletic footwear line by sponsoring...

Pace, Builder's Square announce new stores. (Pace Membership Warehouse Inc.; new warehouse stores in Puerto Rico)
January 23, 1992... Last year, Kmart announced the entry to the local market of two of its divisions -- Pace Membership Warehouse and Builder's Square. Now, after several months of seeking the appropriate locations, the chain has announced that construction of...

ATC allegedly to take part in TLD purchase. (Advanced Telecommunications Corp.; Telefonica Larga Distancia De Puerto Rico)
January 23, 1992... According to industry sources, Advanced Telecommunications Corp. (ATC), in conjunction with Telefonica de Espana, is the company which will acquire part of Telefonica Larga Distancia (TLD), the long distance subsidiary of the Puerto Rico...

New insurance commissioneer takes office. (Ralph Rexach Chandri, Puerto Rico's new insurance commissioner)
January 23, 1992... Ralph Rexach Chandri, Puerto Rico's new insurance commissioner. officially assumed his post last Tuesday after being sworn in by Puerto Rico Supreme Court Justice Federico Hernandez Denton. At 45 years of age, Rexach Chandri has been an...

Bar association adds $24,000 legal software. (Puerto Rico Bar Association; CompuClerk)
January 23, 1992... Compuclerk, the legal data base by Compact Disc Technologies Corp. (CDT), will soon be installed in several regional offices of the Puerto Rico Bar Association. According to Carlos A. Escriba, marketing vice president of CDT, Compuclerk is...

Local firms test car exhaust fume control systems for P.R. (Scientific and Technical Services; The Allen Group; Puerto Rico) (Special Feature: Environmental Quality Controls)
January 23, 1992... The 1.6 million vehicles in Puerto Rico together emit a staggering amount of toxic gases into the atmosphere which then become air pollution. There are ways of reducing these amounts of carbon monoxide and hydrocarbons but these measures...

Stringent laws heighten importance of environmental consultant. (Puerto Rico's environmental services industry) (Special Feature: Environmental Quality Controls)
January 23, 1992... Only a decade ago, environmental consulting firms in Puerto Rico were virtually unheard of. With the recent enactment and enforcement of stringent environmental regulations, however, the island's environmental consulting industry has grown...

Sick buildings pose severe consequences to employees' health. (sick building syndrome) (Special Feature: Environmental Quality Controls)
January 23, 1992... If you live or work in a metropolitan area, chances are that the air you breath while indoors is up to nine times more polluted than the air outside, according to the Environmental Protection Agency (EPA). Contaminated indoor air creates...

Island's environmental awareness, green marketing take root. (Puerto Rico) (Special Feature: Environmental Quality Controls)
January 23, 1992... If you have the vague feeling that your grocery store shelves are slowly turning green, you're not imagining things. Increasingly, common consumer products are touted as recyclable, made from recycled materials or manufactured by a company...

State governments, employers combat smoking in the workplace. (Special Feature: Environmental Quality Controls)
January 23, 1992... Environmental tobacco smoke (ETS), the smoke released into the surrounding area as a cigarette is consumed plus that exhaled by the smoker, is one of the most common indoor air pollutants. It is also one of the easiest to control According to...

O.V. Martin & Associates marks 10th year. (Company Profile)
January 23, 1992... Q.V. Martin & Associates Inc is celebrating its 10th anniversary with the inauguration of its new facilities The human resources firm has added personnel, has upgraded its computer system, and is planning on expanding its services. The...

Marmont Cordell serves wider island sector. (employment agency in Puerto Rico)
January 23, 1992... Marmont Cordeli, a human resources firm headquartered in Dorado, is now expanding its services in the metropolitan area from its recently established Hato Rey office. According to Carmen Cristina Ortiz, account executive of Marmont Cordell,...

Optimism in action. (Victor Galan, president of R and G Mortgage Corp. and R-G Federal Savings Bank) (Special Feature: Top Ten Business Leaders of Puerto Rico * 1991)
January 23, 1992... In good economic times and in bad economic times, Victor Galan, president of R&G Mortgage Corp. and R&G Federal Savings Bank, believes in applying one basic tenant for doing business. "Every day, you have a lot of opportunities, but the...

Mayors to discuss topics relevant to P.R. (United States Conference of Mayors; Puerto Rico)
January 23, 1992... WASHINGTON -- The U.S. Conference of Mayors will discuss the wide range of economic stimulus proposals which could be a plus or minus for Puerto Rico, during its annual winter meeting which began here Wednesday. San Juan Mayor Hector...

Will U.S. alchohol ad regulations echo here? (ban on alcohol advertising)
January 23, 1992... A movement that is gaining support on the ELS. mainland to ban or regulate advertising of alcoholic beverages could have an impact on the types of ads seen in Puerto Rico for these products, according to industry experts. Surgeon General...

Casiano Inc. to offer multimedia marketing. (Casiano Communications Inc.)
January 23, 1992... Last week, Casiano Communications Inc. announced the restructuring of its sales and marketing department, which will be consolidated from six sales groups into two, effective March 1. Salespeople within the magazine and business publications'...

Total ad spending for 1991 drops 1.1%. (Puerto Rico) (Industry Overview)
January 23, 1992... Total advertising spending for 1991 reached $518.8 million for television, the daily press and magazines combined, a 1.1% slide from 1990's spending of $524.6 million, according to Publish Records Service data. No year-end data was available...

Spouse slandering, even in jest, may spell trouble. (Sec. of Commerce Robert Mosbacher's jokes about his wife) (National Outlook) (Column)
January 23, 1992... WASHINGTON--There is more to the gender wars than the physical battleground of sexual harassment and violent date rape, as Secretary of Commerce Robert Mosbacher just discovered. The Cabinet officer violated a major cultural taboo one...

Time to follow private sector, dump excess baggage. (public sector debt reduction) (National Outlook) (Column)
January 23, 1992... They just don't get it. The politicians and bureaucrats, 1 mean. The economy is puckering up like lips around a sour lemon and they want to tax more and to spend more. It won't work. The public and private sector are both gorged and sick...

Romero Barcelo plans to run for Washington office. (Carlos Romero Barcelo to run for the office of Puerto Rico's resident commissioner)
January 23, 1992... Sen. Carlos Romere Barcelo, a former Puerto Rico governor and ex-president of the pro-statehood New Progressive Party (NPP), announced last week he is an aspiring resident commissioner candidate for the NPP ticket in the November general...

Caribe USA to provide shipping service.
January 23, 1992... Caribe USA, a new shipping firm, plans to begin serving the San Juan-Pensacola, Fla. route starting in February. The company will employ barges to transport break bulk cargo and other types of products that are not commonly transported using...

Treasures of the sea. (Puerto Rico's tourist business banks on the Christopher Columbus Quincentennial festivities) (Column)
January 16, 1992... Treasures of the sea Queen Isabella and King Ferdinand of Spain invested more than a million maravedis to back Christopher Columbus's visionary quest for reaching the East by sailing westward. One of the islands he discovered and claimed...

R&G Mortgage said looking at Banco Nacional. (R and G Mortgage Corp.'s bid to acquire Banco Nacional N.A.)
January 16, 1992... R&G Mortgage said looking at Banco Nacional R&G Mortgage Corp. is negotiating to acquire Banco Nacional N.A., sources have informed CARIBBEAN BUSINESS. A preliminary agreement was reportedly reached last weekend between Jose Alegria,...

TLD to be acquired by Telefonica de Espana. (Telefonica Larga Distancia de Puerto Rico; Compania Telefonica Nacional de Espana S.A.)
January 16, 1992... TLD to be acquired by Telefonica de Espana According to industry sources, Telefonica Larga Distancia (TLD), Puerto Rico's long distance carrier, will be acquired by Telefonica de Espana. TLD, which acts as a separate company, is said to be...

Paseo Portuario to get $10.5M financing. (Pase Portuario S.P.)
January 16, 1992... Paseo Portuario to get $10.5M financing Paseo Portuario S.P., developers of the Waterfront project in Old San Juan, have entered the last stage of negotiation with a local financial institution to obtain a $10.5 million construction loan to...

El Conquistador seeks local government aid. (El Conquistador Resort & Country Club)
January 16, 1992... El Conquistador seeks local government aid The Commonwealth government is being asked to help salvage the El Conquistador Resort & Country Club project. Construction at the estimated $200 million El Conquistador has been at a standstill for...

Federal bank law limits mainland branches. (Federal Deposit Insurance Corp.'s Improvement Act of 1991)
January 16, 1992... Federal bank law limits mainland branches A federal banking law enacted Dec. 19 promises to make it more costly for Puerto Rico banks to open branches on the U.S. mainland. The Federal Deposit Insurance Corporation (FDIC) Improvement...

Nypro plans multimillion-dollar expansion. (Nypro Inc.)
January 16, 1992... Nypro plans multimillion-dollar expansion Nypro Inc., a leading producer of injection-molded plastic components used by the health-care industry, is planning a multimillion-dollar expansion of its Puerto Rico manufacturing operations in...

Interest rate drop main '91 finance theme. (1991 Business Achievements: Banking/Finance)
January 16, 1992... Interest rate drop main '91 finance theme The main finance theme that ran through 1991 was the sharp reduction in interest rates engineered by the Federal Reserve Board (Fed) as part of an effort to jump-start the nation's economy. By...

Still waiting for Regulations 24-A, 3582. (Commonwealth Finance Board's ruling on maximum interest rates)
January 16, 1992... Still waiting for Regulations 24-A, 3582 As of press time Monday, the Commonwealth Finance Board had still not issued a final ruling on two key local regulations under its consideration: Regulation 24-A, which sets maximum interest rates on...

Banco Popular, R&G Federal report earnings. (Banco Popular de Puerto Rico; R and G Federal Savings Bank)
January 16, 1992... Banco Popular, R&G Federal report earnings The $8.8 billion-asset BanPonce Corp., the holding company that owns Banco Popular de Puerto Rico and Velco Leasing Co., reported last week that it earned $19.9 million or $0.66 per share during...

Manufacturing sector fairly stable in '91. (Puerto Rico) (1991 Business Achievements: Manufacturing) (Industry Overview)
January 16, 1992... Manufacturing sector fairly stable in '91 Puerto Rico's manufacturing sector was fairly well prepared to face the many challenges during 1991. Overall, plant inaugurations and expansions were more frequent than plant closings and employee...

Little good news for hoteliers in 1991. (Puerto Rico) (1991 Business Achievements: Tourism) (Industry Overview)
January 16, 1992... Little good news for hoteliers in 1991 For Puerto Rico's tourism industry, 1991 will be a tough year to forget. The year began with news of the war in the Persian Gulf and continued with an economic slump which kept leisure and business...

Cellular Communications sues Commonwealth. (Cellular Communications of Puerto Rico)
January 16, 1992... Cellular Communications sues Commonwealth Cellular Communications of Puerto Rico (CCPR) and its subsidiaries filed a complaint with the U.S. District Court of Puerto Rico against the Commonwealth government. CCPR charged the government with...

Construction industry had decline in 1991. (Puerto Rico) (1991 Business Achievements: Construction) (Industry Overview)
January 16, 1992... Construction industry had decline in 1991 Generally speaking, the construction industry suffered a decline in 1991, although many new projects and advancements were obtained during the course of the year. A definite indication of the...