Caribbean Business articles from March 1991

Caribbean Business archives from March 1991

The case of the missing hotel rooms. (hotel industry; Puerto Rico)
March 7, 1991... The case of the missing hotel rooms From the very start it sounded too good to be true. In December of 1989 the Puerto Rico Tourism Company released a list of hotel and resort projects which, by 1992, would double the island's number of hotel...

New $20 million mall slated for Humacao. (Humacao, Puerto Rico)
March 7, 1991... New $20 million mall slated for Humacao Wal-Mart to be anchor tenant of 300,000-square-foot mall; another mall, in Aguadilla, completed financing this week A new 300,000-square-foot shopping mall, Plaza Palma Real, is being developed in...

Expresos de P.R. gets Ponce Bypass contract. (Expresos de Puerto Rico; highway construction)
March 7, 1991... Expresos de P.R. gets Ponce Bypass contract $200 million beltway will link highways to surround city; privatized road project part of $2 billion master plan The Department of Transportation and Public Works (DTOP by its Spanish acronym)...

P.R House presents bill to push recycling. (Puerto Rico House of Representatives)
March 7, 1991... P.R. House presents bill to push recycling Program aimed at recycling 35% of island's yearly waste; bill calls for ban on further construction of landfills The Puerto Rico House of Representatives has presented a bill to create an...

Jamaica puts national airline up for sale. (Air Jamaica) (In The News)
March 7, 1991... Jamaica puts national airline up for sale Government seeks to sell controlling interest in carrier to generate revenue and to continue privatization efforts The government of Jamaica is seeking to sell controlling interest in Air Jamaica...

Banco Nacional sells branch, adds capital. (In The News )
March 7, 1991... Banco Nacional sells branch, adds capital Banco Nacional N.A. last week sold its main Hato Rey branch, including about half of the branch's deposits, to Santander Federal Savings Bank, in a transaction that will net Nacional $2.3 million. ...

TROPICO head clarifies local press report. (Corporation for the Technological Development of Tropical Resources; luis C. Morera) (In The News)
March 7, 1991... TROPICO head clarifies local press report An erroneous interpretation has been given by some of the local media to the portion of Gov. Rafael Hernandez Colon's State of the Commonwealth message in which he refers to the prospective...

Debate over the credit crunch rages on. (Banking/Finance)
March 7, 1991... Debate over the credit crunch rages on P.R. stands to gain form whatever steps U.S. government takes to ease crunch, since problem here is less severe Local bankers are tracking with great interest the efforts of federal government...

Financial community relieved about peace. (Persian Gulf War) (Banking/Finance)
March 7, 1991... Financial community relieved about peace With end of war all eyes are fixed on course of economy on mainland which many now expect will recover by summer The end of the Persian Gulf war last week was greeted with a collective sigh of the...

Fomento officials planning trip to Japan. (Puerto Rico Economic Development Administration) (Manufacturing)
March 7, 1991... Fomento officials planning trip to Japan Japanese pharmaceuticals targeted for local investment; strategic alliances with mainland firms will be stressed Officials of the Puerto Rico Economic Development Administration (Fomento) are...

Viskase will close Puerto Rico operation. (Viskase Puerto Rico Corp.) (Manufacturing)
March 7, 1991... Viskase will close Puerto Rico operation High cost of shipping raw materials and finished products outweigh tax benefits; 217 employees will be without jobs Viskase Puerto Rico Corp., a maker of casings used in the meat processing...

U.S. data center reports thriving tourism. (United States Travel Data Center)
March 7, 1991... U.S. data center reports thriving tourism Throughout the United States, tourism has undoubtedly grown to become big business. The top 10 tourism revenue producing states received more than $150 billion from visitor expenditures during 1989,...

Court orders Planning Board to reply on Efron case. (San Juan Superior Court, Puerto Rico; Puerto Rico Planning Board; David Efron) (Construction)
March 7, 1991... Court orders Planning Board to reply on Efron case Developer submits request that board be made to rescind demand for 26 free acres in exchange for project approval The San Juan Superior Court has ordered the Puerto Rico Planning Board...

7 Eleven parent files Texas bankruptcy. (Southland Corp.) (Retail/Commerce)
March 7, 1991... 7 Eleven parent files Texas bankruptcy Reorganization includes $430M acquisition by Japanese group of 70% of company's stock, to close in early March The Southland Corp., parent company of the 7 Eleven convenience store chain and owner of...

New Casa Cavanagh owner sees to remodeling. (chain stores, Puerto Rico) (Retail/Commerce)
March 7, 1991... New Casa Cavanagh owner sees to remodeling Atlanta-based W.H. Smith completes Condado, El San Juan shops; will re-do Sands, Palmas Del Mar, open more in '91 W.H. Smith, the new owner of the Casa Cavanagh chain of stores in Puerto Rico,...

Hearings set for bill on health insurance. (insurance regulation) (Insurance)
March 7, 1991... Hearings set for bill on health insurance Bill requires prior approval of insurance commissioner for any increase in premium rates by Blue Cross of P.R. Public hearings concerning a Senate bill to update Law No. 152 of 1942, which...

Medical malpractice lawsuits still pending. (Puerto Rico; Medical Malpractice Syndicate) (Insurance)
March 7, 1991... Medical malpractice lawsuits still pending Main issue is whether Simed is required by law to insure public hospitals, which aren't obligated to get insurance Two lawsuits involving the Medical Malpractice Syndicate (Simed) are still...

New company to provide bulk cargo service. (Sea-Land Bulk Transport Inc.) (Shipping)
March 7, 1991... New company to provide bulk cargo service Sea-Land Bulk Transport Inc., a subsidiary of Sea-Land, will serve island by handling bulk and break-bulk cargo Sea-Land Service Inc. recently announced the incorporation of Sea-Land Bulk Transport...

Natufruit opens fruit pulp processing plant. (Natufruit Conservas Inc.) (Agriculture)
March 7, 1991... Natufruit opens fruit pulp processing plant Pulp from San Sebastian facility for U.S Hispanic markets to undercut current imports; about 50 jobs to be created Natufruit Conservas Inc., a locally owned company with projected sales of...

Interest rates on farm loans drop to 8.5% (Puerto Rico) (Agriculture)
March 7, 1991... Interest rates on farm loans drop to 8.5% Puerto Rico Farm Credit lowers short, medium-term loan rates for agribusiness, rural housing, effective March 1 For the second time in less than a month, the Puerto Rico Farm Credit ACA, (PRFC)...

Germany to invest at home. (reunification and transformation of Easter Europe will divert investments from Puerto Rico) (Special Report)
March 7, 1991... Germany to invest at home German reunification and transformation of Eastern European economies will divert investment from P.R. German reunification and the transformation of former socialist states in Eastern Europe into free market...

Sprint strives for market leadership. (Sprint International Communications Corp.) (Telecommunications)
March 7, 1991... Sprint strives for market leadership Spokesman sees P.R. as logical hub of Caribbean region's telecommunications industry in terms of people, services Sprint International, a subsidiary of US Sprint, is gearing up to take on a leading role...

MCI Preferred offers reduced phone rates. (MCI Communications Corp.) (Telecommunications)
March 7, 1991... MCI Preferred offers reduced phone rates Designed for small businesses, new product allows firms with few long distance calls to combine calling programs MCI Communications recently announced the introduction of its MCI Preferred product,...

Wang debuts TINIA environmental system. (Wang Laboratories) (Computers)
March 7, 1991... Wang debuts TINIA environmental system New system offers companies easier ways of managing their environmental control programs, complying with regulations The state of our environment and how industrial and chemical waste has affected it...

Foreign trade subzone application studied. (United States Department of Commerce) (Washington Dateline)
March 7, 1991... Foreign trade subzone application studied U.S. Commerce Department appoints committee to study bid for Bristol-Myers Squibb to operate such subzones in P.R. WASHINGTON -- The Commerce Department has appointed a committee to study an...

New fair market housing rents set for P.R. (Puerto Rico) (Washington Dateline)
March 7, 1991... New fair market housing rents set for P.R. HUD's established rents for newly built and substantially renovated homes 10% to 20% higher than scale set last fall WASHINGTON -- New fair market housing rents reflecting the sharp rise in the...

Joaquin Viso: breaking new ground. (president, Mova Pharmaceutical Corp.)
March 7, 1991... Joaquin Viso: Breaking New Ground These days, it seems the only thing in short supply at Mova Pharmaceutical Corp. -- the island's first locally owned drug manufacturing company -- is time. Already, the countdown is on, marking the days...

From junk mail to personal marketing. (direct marketing) (Marketing) (interview)
March 7, 1991... From junk mail to personal marketing George S. Wiedemann, chairman and CEO of Grey Direct International, the fifth largest direct marketing agency network in the world, was in town recently for the launching of WING Direct, West Indies &...

Public Companies. (locally based public companies in Puerto Rico) (Industry Profile)
March 7, 1991... PUBLIC COMPANIES Number of locally based public companies falls to eight; investors and company presidents remain skeptical of IPOs The number of publicly traded companies in Puerto Rico is now down to eight, following the Dec. 31, 1990,...

73% of Americans polled call 1980s a good decade. (column)
March 7, 1991... 73% of Americans polled call 1980s a good decade The American people are not buying the currently fashionable trashing of the 1980s. That's the inescapable conclusion of a surprising new poll that's about to be released. In recent...

Abbott implements solid waste recycling. (Abbott Laboratories) (Environment/Energy)
March 7, 1991... Abbott implements solid waste recycling Firm trains 2,400 P.R. employees, selects buyers for its recycled material in joint effort to reduce landfill use Abbott Laboratories of Puerto Rico, a pharmaceutical firm in Barceloneta, is in the...

A new dawn for Fortunata; PRTC tools up for the 21st century. (Cover Story)
March 21, 1991... A new dawn for Fortunata It all started on February 20, 1990. On that day, Gov. Rafael Hernandez Colon announced the government's intention to sell the Puerto Rico Telephone Authority and all its subsidiaries in order to subsidize two...

South Continental to be independent agency. (South Continental Insurance Agency Inc.) (In the News)
March 21, 1991... South Continental to be independent agency South Continental Insurance Agency Inc., a general agency controlled by Walter Fournier of Corporacion Insular de Seguros, will become an independent agency by the end of the month. Angela...

F&R Construction sues Toys 'R' Us Inc. (In the News)
March 21, 1991... F&R Construction sues Toys |R" Us Inc. F&R Construction Corp. has filed a $6.2 million lawsuit against Toys |R' Us Inc. with the U.S. District Court for the District of Puerto Rico for violation of the Racketeer influenced and Corrupt...

Santander said going after Florida Federal. (Banco Santander S.A.; Florida Federal Savings Bank) (In the News)
March 21, 1991... Santander said going after Florida Federal Sources tell CARIBBEAN BUSINESS that Spain's Banco Santander is holding conversations with the federal government for a possible acquisition of Tampas' Florida Federal Savings Bank, a thrift...

$100M mortgage securities market in works. (In the News)
March 21, 1991... $100M mortgage securities market in works The Commonwealth government is putting the finishing touches on new incentives designed to spur investments in securities (collateralized mortgage obligations, or CMOs) backed by conventional...

Labor union seeks buyer for El Mundo Corp. (Puerto Rico Newspaper Guild) (In the News)
March 21, 1991... Labor union seeks buyer for El Mundo Corp. The labor union representing some 200 former employees of El Mundo Corp., now in liquidation under Chapter 7 of the U.S. Bankruptcy Code, is seeking a buyer to reopen the daily newspaper. ...

Alpart seeks to raise $120M through Carifa. (Aluminum Partners of Jamaica; Caribbean Basin Financing Authority) (In the News)
March 21, 1991... Alpart seeks to raise $120M through Carifa A $120 million Carifa bond issue, the largest financing package so far using 936 funds, is being structured by Paine Webber Inc. of Puerto Rico to finance the expansion and modernization of Alpart's...

BPPR merger on track, despite difficulties. (Banco Popular de Puerto Rico) (Banking/Finance)
March 21, 1991... BPPR merger on track, despite difficulties They're burning the midnight oil at Banco Popular de Puerto Rico these days, as the bank's officials continue to work out the bugs of the merger with Banco de Ponce. The long hours, however, are not...

Chase busy developing high-tech niche. (Chase Manhattan Bank) (Banking/Finance)
March 21, 1991... Chase busy developing high-tech niche Chase Manhattan Bank, following a strategic plan laid out by the Boston Consulting Group last spring, is honing in on a particular part of the Puerto Rico market. The plan called for Chase in Puerto...

'Financieras' dissatisfied with ruling. (loan companies) (Banking/Finance)
March 21, 1991... |Financieras' dissatisfied with ruling The island's small loan companies (or financieras as they are referred to in Spanish) will soon ask the island's Finance Board to reconsider its recent ruling regulating the interest rate that...

Cosmair invests $6M in local facilities. (Cosmair Cosmetics) (Manufacturing)
March 21, 1991... Cosmair invests $6M in local facilities Fragrance maker Cosmair Cosmetics, a subsidiary of French perfume and cosmetics giant L'Oreal, has undertaken a $6 million expansion at its Puerto Rico manufacturing operations that will more than...

New Sands manager in step with P.R. rhythm. (Sands Hotel and Casino; Puerto Rico; Richard E. Labati) (Tourism)
March 21, 1991... New Sands manager in step with P.R. rhythm His attempt to purchase the Condado convention and hotel complex may have been botched by the Puerto Rico Legislature but that did not stop Richard E. the new vice president and general manager of...

Rio Mar ex-partner McCloskey diversifies. (rea estate developer J.P. McCloskey) (Tourism)
March 21, 1991... Rio Mar ex-partner McCloskey diversifies Local developer J.P. McCloskey who until several weeks ago, was 50% owner of the Rio Mar resort in the town of Rio Grande, is diversifying his business interests. McCloskey, who sold his share of...

March shows slight auto sales increase. (Autos)
March 21, 1991... March shows slight auto sales increase Since the end of the Persian Gulf war, auto industry insiders in Puerto Rico have noticed that March shows a slight increase in sales compared to the figures for January and February. Since Iraq...

Developers, govt sign Waterfront contract. (San Juan Waterfront, San Juan, Puerto Rico) (Construction)
March 21, 1991... Developers, govt sign Waterfront contract Paseo Portuario, S.E. has finally signed the contract with the Land Administration to initiate construction of the San Juan Waterfront development's first phase, Barrio La Marina, which covers the...

ERA joins P.R.'s Florida real estate race. (Electronic Realty Associates Inc.; Puerto Rico) (Construction)
March 21, 1991... ERA joins P.R.'s Florida real estate race Puerto Rico has become an important, but very competitive market for Florida real estate. (See CARIBBEAN BUSINESS, Feb. 28, 1991.) This situation has forced brokers on the island to develop a wide...

Sears is confident about P.R.'s economy. (Sears Roebuck and Co.; Puerto Rico) (Retail/Commerce)
March 21, 1991... Sears is confident about P.R.'s economy Sears Roebuck & Co. will continue the expansion project planned for its operations in Puerto Rico, Ralph Perez, general manager at Sears in Plaza Las Americas, told CARIBBEAN BUSINESS. Despite the...

TSI debt collectors now in P.R. (Transworld Systems Inc.) (Retail/Commerce)
March 21, 1991... TSI debt collectors now in P.R. Transworld Systems Inc. (TSI), one of the major debt collecting and accounts receivable management firms on the U.S. mainland, has expanded its operation to Puerto Rico. The island firm, A Sus Ordenes Inc., is...

Insurance is available for small business. (property and casualty insurance) (Insurance)
March 21, 1991... Insurance is available for small business Many small-business owners had to deal with dual tragedies in 1989; the damage done by Hurricane Hugo, and the realization that insurance coverages had not grown with the value of their property or...

USVI property owners in need of insurance. (Virgin Islands, U.S.) (Insurance)
March 21, 1991... USVI property owners in need of insurance Puerto Rico's insurance carriers must give maximum discounts to compete for clients in the local market. Yet, 100 miles away in the U.S. Virgin Islands (USVI), property owners are begging for...

Airmet II hooks into world weather report. (Airmet II Weather program) (Computers/Communications)
March 21, 1991... Airmet II hooks into world weather report Everyone remembers the damage caused by Hurricane Hugo when it struck the island in September, 1989. At that time, most of the damage that did occur was the result of a lack of preparation on the part...

American dominates cargo at LMM airport. (American Airlines; Luis Munoz Marin International Airport) (Air Cargo)
March 21, 1991... American dominates cargo at LMM airport When most people think about American Airlines, their thoughts usually settle on the air carrier's regional passenger hub operating from Luis Munoz Marin International Airport (LMM) in Puerto Rico. But...

Mexico trade mission planned for April. (Import/Export)
March 21, 1991... Mexico trade mission planned for April In an effort to increase commercial activity and improve the current trade imbalance between Mexico and Puerto Rico, the Mexican consulate in Puerto Rico is organizing a trade mission to Cancun, Mexico...

Rep. Schulze raises 936 specter again. (Richard Schulze; Section 936: tax exemption credits for U.S companies operating in Puerto Rico) (Washington Dateline)
March 21, 1991... Rep. Schulze raises 936 specter again The measure introduced last week in the U.S. Congress by Rep. Richard Schulze to phase out Section 936 may not be given much chance of passage by most observers. But it has once again ignited a heated...

CBI to be included in Buy American system. (Caribbean Basin Initiative) (Washington Dateline)
March 21, 1991... CBI to be included in Buy American system WASHINGTON - The Caribbean Basin Initiative (CBI) has been given an unexpected boost by the Pentagon, which has decided to include it in its "Buy American" procurement system provisions. Under the Buy...

Hugh Andrews: turning lemons into lemonade. (president of Williams Hospitality Management Corp.) (The Caribbean Business Top 10 Business Leaders of Puerto Rico)
March 21, 1991... Hugh Andrews: turning lemons into lemonade Sitting amidst the stacks of papers on Hugh Andrews' desk in his office at the Condado Plaza Hotel & Casino is a calendar of motivational messages. On this day, the quote on display reads "A great...

The bright new idea of today's inventors. (intellectual property rights) (column)
March 21, 1991... The bright new idea of today's inventors We may have to make a slight revision in a classic American fantasy. It's the one where a deep-thinking loner, considered mildly loony by most of the folks in his neighborhood, slaves away in his...

The decline of the West. (western Puerto Rico) (Cover Story)
March 28, 1991... The decline of the west Mayaguez and the western quadrant stretching from Quebradillas to Aguada and down to Lajas and Cabo Rojo appear to have all the necessary ingredients for economic prosperity. The region has a deep-water harbor and...

Santander, Asian buyer discuss Rio Mar sale. (Santander Federal Savings Bank) (In the News)
March 28, 1991... Santander, Asian buyer discuss Rio Mar sale Having acquired complete control of the Rio Mar residential and tourism resort less than a month ago, Santander Bank is negotiating to sell the property to a foreign company. Sources have informed...

Tres Monjitas plans $10 million expansion. (Vaqueria Tres Monjitas; dairy operation) (In the News)
March 28, 1991... Tres Monjitas plans $10 million expansion Vaqueria Tres Monjitas is in the process of moving its sister plant, Caparra Dairy, to Tres Monjitas' main Hato Rey facility, at a cost of $10 million. The company is nearing an agreement to...

Zimmer to make implants in P.R. (artificial joint implants; Puerto Rico) (In the News)
March 28, 1991... Zimmer to make implants in P.R. Zimmer Inc., a subsidiary of Bristol-Myers Squibb Co. (BMS), will begin manufacturing operations in Puerto Rico with 300 workers in the production of artificial joint implants. Warsaw, Ind.-based Zimmer...

Kortum named Posadas president. (Carl W. Kortum; Posadas de Puerto Rico Associates Inc.) (In the News)
March 28, 1991... Kortum named Posadas president Hugh Andrews, president of Williams Hospitality Management Corp., has announced the appointment of Carl W. Kortum as the president of Posadas de Puerto Rico Associates, Inc. Posadas is the corporate owner of...

1st Federal expands credit card business. (First Federal Savings Bank) (Banking/Finance)
March 28, 1991... 1st Federal expands credit card business First Federal Savings Bank acquired a $7 million credit card portfolio from Ponce Federal Bank, F.S.B. The transaction, which closed Wednesday of last week, marks the exit by Ponce Federal from the...

Banco Santander continues U.S. expansion. (Banking/Finance)
March 28, 1991... Banco Santander continues U.S. expansion Spain's Banco Santander is holding true to its plans to continue expanding in the United States. Last week, the $55 billion-asset Santander agreed to acquire 13% of the stock of New Jersey's largest...

PRMA to announce safety awards. (Puerto Rico Manufacturer's Association) (Manufacturing)
March 28, 1991... PRMA to announce safety awards The Puerto Rico Manufacturer's Association (PRMA) will announce this year's safety awards next April. According to Hector Jimenez Juarbe, executive vice president of PRMA, these awards are to recognize good...

Carnicon looks at P.R. hotel projects. (Carnicon Management Associates; Puerto Rico) (Tourism)
March 28, 1991... Carnicon looks at P.R. hotel projects Carnicon Management Associates, a hotel and casino management company which emerged from a joint venture between Carnival Cruise Lines and The Continental Companies (TCC) is looking into at least six...

Tourism hosts 'road show' for Japanese. (Puerto Rico Tourism Company)
March 28, 1991... Tourism hosts `road show' for Japanese The Puerto Rico Tourism Company is organizing an April visit to the mainland to meet with New York City-based Japanese travel agents, wholesale tour operators and airline representatives in an effort to...

European airlines suspend P.R. service. (Puerto Rico) (Tourism)
March 28, 1991... European airlines suspend P.R. service European airlines are in the process of picking up the pieces after the Persian Gulf war nearly paralyzed the industry. Airline experts estimate that the number of passengers boarding European carriers...

Centro Europa building enters final phase. (Construction/Real Estate)
March 28, 1991... Centro Europa building enters final phase Beginning next week, Banco Popular will star putting the finishing touches on the 40,000 square-foot office space it has leased at Centro Europa, the $25 million office, commercial and parking project...

P.R. Fuels, Gas Del Pueblo buy Liquilux. (Puerto Rico Fuels Inc.; Liquilux Gas Corp.) (Retail/Commerce)
March 28, 1991... P.R. Fuels, Gas Del Pueblo buy Liquilux Puerto Rico Fuels Inc. and its sister company Gas Del Pueblo Inc. have purchased the assets of Liquilux Gas Corp., in Ponce, for an undisclosed amount. According to Humberto Berrios, president of...

P.R. milk industry confers with military. (Puerto Rico) (Agriculture)
March 28, 1991... P.R. milk industry confers with military Puerto Rico's dairy industry faces yet another obstacle in its attempt to expand into the two-million-gallon-a-year military-base market on the island - the U.S. Army itself, according to Milk Industry...

Fast-food chain P.R. market. (Kentucky Fried Chicken Corp.; Puerto Rico)
March 28, 1991... Fast-food chain P.R. market Kentucky Fried Chicken has adopted a completely new image on the U.S. mainland, which includes changing its name to KFC, and has launched a national advertising campaign to promote its new product: light skinless...

Quake insurance deductible called unfair. (earthquake insurance) (Insurance)
March 28, 1991... Quake insurance deductible called unfair The new earthquake insurance deductible is still causing tremors among local agents and brokers who object to the amount of the deductible, the way it was imposed, and the lack of a cap on consumer...

Sun Life Assurance to make cuts in staff. (Sun Life Assurance Company of Canada) (Insurance)
March 28, 1991... Sun Life Assurance to make cuts in staff Sun Life Assurance Company of Canada has announced a cut in agents and staff in its Puerto Rico office. The official company representative and office manager will be Arnaldo Hernandez, a 40-year...

S.L. Caribbean, Triple-S end relationship. (S.L. Caribbean Insurance Agency Inc.; Seguros Triple-S Inc.) (Insurance)
March 28, 1991... S.L. Caribbean, Triple-S end relationship S.L. Caribbean Insurance Agency Inc. has announced that it will no longer represent Seguros Triple-S Inc., the property and casualty subsidiary of health insurance giant Seguros de Servicios de Salud,...

FmHA loans, grants to P.R. total $120.9M. (Farmers Home Administration; Puerto Rico) (Washington Dateline)
March 28, 1991... FmHA loans, grants to P.R. total $120.9M WASHINGTON - The Farmers Home Administration (FmHA) issued $120.9 million in loans and grants for 2,442 projects in Puerto Rico during fiscal 1990. FmHA also stated that it issued $6.3 million in...

New USVI watch quota gets final clearance. (Virgin Islands, U.S.; watch making industry) (Washington Dateline)
March 28, 1991... New USVI watch quota gets final clearance WASHINGTON - The federal government has given U.S. Virgin Islands (USVI) watchmakers the go-ahead to produce 4.2 million units for duty-free shipment to the United States this year. The new...

New Fomento program will promote exports. (Puerto Rico Economic Development Administration) (Shipping)
March 28, 1991... New Fomento program will promote exports The Puerto Rico Economic Development Administration (Fomento) plans to select 100 local companies to participate in Fomexport, a new program intended to increase exports from the island to overseas...

AT&T, Telefonica de Espana make pact. (American Telephone and Telegraph Co.) (Telecommunications)
March 28, 1991... AT&T, Telefonica de Espana make pact AT&T announced last week that it has reached a series of agreements with Telefonica de Espana - Spain's government-owned telephone company and a bidder for Puerto Rico's telephone company - to offer a...

MCI to acquire part of Telesphere list. (MCI Communications Corp.; Telesphere Communications Inc.) (Telecommunications)
March 28, 1991... MCI to acquire part of Telesphere list MCI Telecommunications Corporation will be acquiring a portion of Telesphere Communications Inc.'s long distance service. Telesphere is currently providing its operator services to Telefonica Larga...

Oracle to open subsidiary in P.R. (Puerto Rico) (Computers)
March 28, 1991... Oracle to open subsidiary in P.R. Oracle Corporation, one of the leading manufacturers of relational data bases worldwide, will be officially opening a subsidiary in Puerto Rico within the next few weeks. Representatives of the company are...

Envirotech to target P.R. private sector. (Envirotech Contractors; Puerto Rico) (Environment/Technology)
March 28, 1991... Envirotech to target P.R. private sector Envirotech Contractors, a Florida-based environmental firm, will begin marketing its services to the private sector on the island. The company, which began operating in Puerto Rico six months ago,...

Safety-Kleen plans $14M Manati expansion. (Safety-Kleen Envirosystems Co.; Manati, Puerto Rico) (Environment/Technology)
March 28, 1991... Safety-Kleen plans $14M Manati expansion Safety-Kleen Envirosystems Co. of Puerto Rico Inc., in Manati, is expected to begin a $14 million expansion project during this year's third quarter, according to Daniel Pagan, vice president and...