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Prescription for profit Puerto Rico's pharmaceutical and medical products manufacturing industry is in guarded conditions as a result of the recession affecting the U.S. mainland economy and a world-wide trend [...]

Puerto Rico's 936 lending program to Caribbean Basin countries has shot up in recent years with more than $500 million in loans disbursed for projects in eligible CBI countries so [...]

Faced with a budget deficit of nearly $340 million, which by law must be this year, the Puerto Rico government has embarked on a desperate mission to generate additional revenues [...]

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 [...]

The Puerto Rico market for new automobiles, already spinning its wheels from consecutive years of declining new car sales and competition from imported used cars, is now threatened by a [...]

Puerto Rico goes high-tech If the phrase 'Made in Puerto Rico' brings to mind rum, coffee, clothing, cosmetics, footwear and medicine, think again. Although it's true the island produces all [...]

Mexico and the U.S. get cozy Just three months after U.S. and Mexican government officials began negotiations toward a trilateral North American Free Trade Agreement (NAFTA) along with Canada, the [...]

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 [...]

Patching up the Port of San Juan: Shut down the Port of San Juan and Puerto Rico's economy, cut off from its life-giving connection with the rest of the world, [...]

FREIGHT FORWARDERS/CUSTOMS BROKERS A growing number of firms in Puerto Rico find themselves increasingly dependent on the exportation and/or importation of merchandise to and from foreign countries in order to [...]

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 [...]

Visiting Japanese get misguided Puerto Rico tour The Japanese represent one of the world's largest tourism travel markets. Last year, more than 10 million Japanese traveled abroad spending nearly $50 [...]

At the end of the rainbow: Carribean economic integration Like a tropical storm building up force, the winds of regional economic integration have begun blowing in the Caribbean. But unlike [...]

Seldom does a new housing development built in an old, affluent neighborhood satisfy the needs of its residents and the project's developer while at the same time meeting the approval [...]

Representative Charles Rangel and Resident Commissioner Antonio Colorado have encouraged progress of CBI program Puerto Rico's CBI/936 program today has some strong supporters in Washington D.C., including U.S. Representative Charles [...]

The Puerto Rico Maritime Shipping Authority (PRMSA) denied that Navieras, the Commonwealth government-owned shipping company, is transferring all of its operations from Puerto Rico to Tampa, Fla. in an attempt [...]

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 [...]

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 [...]

Vieques/An island that awaits progress ISABEL SEGUNDA, Vieques -- As the small airplane approaches the airport, the island of Vieques looks like a tropical paradise with its white sand beaches, [...]

Puerto Rico car dealers and distributors are having an increasingly difficult time marketing their vehicles because of the greater number of car models available on the market and tighter consumer [...]

Caribik Sun passion fruit bound for Japan Ueshima, Campofresco sign product distribution agreement; Japanese firm to do marketing campaign, shoot ads locally Procesadora Campofresco Inc., the Puerto Rico maker of [...]

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 [...]

P.R. freight forwarders turn to computers Two years ago, facsimile machines were the rage among customs brokers and freight forwarders. Today, the biggest development among custom brokers and freight forwarders [...]

Vassallo begins exporting to Jamaica Industrias Vassallo Inc., the Puerto Rico manufacturer of polyvinyl chloride (PVC) pipes and fittings, has signed a one-year contract worth in excess of $900,000 with [...]

New Pridco chief faces tough battle As a brigadier general with the U.S. Air Force, Antonio Maldonado Lopez had the challenging task of managing U.S. military installations in Spain. Starting [...]

Their strategies differ, but the goal is similar. Rivals Foam Pack Inc. and Flexible Packaging Co, two of Puerto Rico's leading makers of pakaging products and components, are currently undertaking [...]

Selling products and services to the federal government is good business for Puerto Rico companies. Getting a foot inside Uncle Sam's door, however, is often the most difficult task for [...]

Final regulations governing the use of 936 funds to finance economic development projects in eligible Caribbean Basin Initiative (CBI) countries have been established by the U.S. Treasury Department. The new [...]

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 [...]

Costa Rica now eligible for 936 loans Costa Rica and the United States recently exchanged diplomatic notes on a Tax Information Exchange Agreement (TIEA) signed in 1990. The exchange of [...]

Drug firms turn to contract manufacturing Contract manufacturing, arrangements under which drug companies can manufacture their products in Puerto Rico through an intermediary and obtain Section 936 tax benefits without [...]

Manufacturing sector in P.R. ready to rough out tough times The economic outlook for Puerto Rico's manufacturing sector in the coming months is not as rosy as in recent years [...]

Fomento to accelerate industrial projects Faced with increasing difficulty in attracting new manufacturing companies to the island, the Puerto Rico Economic Development Administration (Fomento) has created a new program designed [...]

Puerto Rico's pharmaceutical manufacturing industry is once again the target of attack by Sen. David Pryor (D., Ark.). The attack, part of his ongoing efforts to curb rising health-care costs [...]

Namic U.S.A. Corp., a Glens Falls N.Y.-based designer, manufacturer and marketer of disposable medical products, recently completed its purchase of Novoste Puerto Rico Inc., a maker of coronary angiographic catheters [...]

Firm originally planned $165M chemical synthesizing plant; tax-exemption decree being negotiated with P.R. government Abbott Laboratories plans to nearly double to $300 million its planned investment to build a bulk [...]

Four main independent Bacardi firms form holding company; firm's dissident family shareholders and SEC approve plan Four of the five main independent Bacardi companies plan to reorganize into a consolidated [...]

The Puerto Rico Industrial Development Co. (Pridco) has increased the rent on its industrial real estate properties by an average of 54%. The increase is expected to raise nearly $20 [...]

Combined annual payroll of new projects will exceed $4M; companies to manufacture apparel and packaging components Three new manufacturing projects being promoted by the Puerto Rico Economic Development Administration (Fomento) [...]

King Export, which provides refrigerated cargo transportation service between San Juan and Jackonsville, Fla., plans to start a new service between San Juan and New Jersey. King Export is a [...]

Fast barge has maximum capacity for 400 container units; reduces time of Jacksonville-San Juan service by 18 hours Sea-Barge Group Inc. has incorporated the Sea-Barge Trader, a new faster barge [...]

Company plans to process organically grown wild oranges from harvests of 150 island growers and to export juice P. Campofresco Inc., the Puerto Rico maker of tropical fruit juices, has [...]

A group of 40 business and government executives from the Netherlands is scheduled to visit Puerto Rico May 27-30 to explore trade, investment and business opportunities and to encourage more [...]

Company to produce 41-foot and 50-foot convertible boats; planned Ponce facility to employ up to 80 skilled workers PENUELAS, Puerto Rico -- Ronin Shipbuilding Co. Inc. has established a temporary [...]

25% of passengers or on cruise ships return for longer stay; government works to entice vessels to stay in port longer Approximately a quarter of the cruise ship passengers who [...]

Malcom McLean, founder of Trailer Bridge Inc., recently announced that he has reached an agreement in principle to purchase trucking line Allen Freight Lines of Kansas City, Kan. The purchase, [...]

Executives for 10 Puerto Rico manufacturing firms will travel to Spain this week in search of markets for their products and business opportunities. The trade mission, sponsored by the Fomexport [...]

Company to add 3,300 square feet of space and 13 workers; will manufacture tungsten-halogen lamps at expanded plant Sylvania Lighting Co. plans to expand its Fajardo, Puerto Rico, manufacturing facility [...]

Since management firm's contract with Navieras expired, it has managing company on a monthly contract basis The Puerto Rico Maritime Shipping Authority (PRMSA) and Puerto Rico Marine Management Inc. (PRMMI) [...]