Mega-resort projects planned for St. Maarten, St. Kitts
April 30, 2012
St. Maarten and St. Kitts will soon be home to two unrelated mega-resorts that aim to dramatically boost tourism to both Eastern Caribbean islands.
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Pall Corp. sells part of Fajardo operation in $551M deal
April 30, 2012
Mass.-based Haemonetics Corp. announced over the weekend it has entered into a definitive agreement to acquire Pall Corp.’s blood collection, filtration and processing product lines, including its manufacturing facilities in California, Mexico, Italy and a portion of Pall's assets in Fajardo.
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TRB ‘vigilant’ over manhole cover theft streak
April 30, 2012
Telecommunications Regulatory Board President Sandra Torres said the agency will continue cracking down on copper theft, including going after those who have recently taken up the habit of stealing manhole covers belonging to the Puerto Rico Aqueduct and Sewer Authority.
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Polytecnic Univ. revises curriculum in line with Pell Grant changes
April 30, 2012
Responding to upcoming changes to the Pell Grant, the Polytechnic University of Puerto Rico announced it has revised its undergraduate engineering and geomatic sciences programs at it’s San Juan and Orlando, Fla. campuses.
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Farmers ask GAO to lift Jones Act provisos citing increased production costs
April 27, 2012
Members of the Puerto Rico Farm Bureau, which represents a cross-section of the island’s agriculture sector, met with members of the U.S. Government Accountability Office in Hato Rey Thursday to lay out the reasons why the island should be exempt from Jones Act provisos.
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CPAs present proposals to gubernatorial candidates
April 27, 2012
The Puerto Rico Society of Certified Public Accountants presented Thursday a sweeping list of recommendations for the candidates running for governor in November, to solve problems in five specific areas: electricity costs; the ailing retirement system; the municipal tax system; economic development; and the health system.
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SJ cruise port makes it into ‘million-passenger-club’ list
April 27, 2012
The San Juan cruise ship port has made it into an elite group of 16 such facilities around the world that welcomed more than a million passengers last year, rubbing shoulders with major U.S. mainland and European cities.
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Pasta To Go franchise opens in Isla Verde
April 27, 2012
Pasta To Go Enterprise, which specializes in fresh pasta dishes, opened its third location in Puerto Rico Thursday, moving into a strip mall in Isla Verde to cater to the busy tourist zone.
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DTOP hosting workshops on P.R.’s long-range transportation strategy
April 27, 2012
The Department of Transportation and Public Works announced Thursday it will be conducting seven workshops to discuss Puerto Rico long-range transportation strategy, with the goal of getting citizen input.
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Mexican, Spanish consortia finalists for LMM airport P3
April 26, 2012
A high-ranking executive of Mexico’s Grupo Aeroportuario del Sureste said his company is one of two groups remaining to take over the operation of the Luis Muñoz Marín International airport through a public-private partnership with the government, News is my Business learned.
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BBVA Puerto Rico reports $8.6M profit in 1Q ’12
April 26, 2012
A combination of strong growth in deposits and loans drove BBVA Puerto Rico’s first quarter results, which reflected an $8.6 million net profit for the period, up 42.4 percent year-over-year, the bank disclosed Wednesday.
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CompUSA opens 2nd P.R. store in Ponce
April 26, 2012
CompUSA announced Wednesday the opening of a new store at the Plaza Del Caribe mall in Ponce, its second location on the island, creating 50 new jobs.
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SBA, CIAPR cosponsor 8th annual ‘Business Matchmaking Event’
April 26, 2012
The Puerto Rico office of the U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors will cosponsor on May 8, the Annual Business Matchmaking Event both organizations have conducted jointly for the past eight years.
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Auto execs: ‘The time to buy a car is now’
April 25, 2012
Auto executives serving the Puerto Rico and U.S. Virgin Island markets agreed Tuesday that the best time to buy a new car and invest in the auto industry is now, as the sector has upheld the momentum begun last year and is on track for improvement in 2012.
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Banco Popular launches ‘app’ for iPhone, iPod touch
April 25, 2012
Banco Popular announced Tuesday the launch of its new mobile banking application for the iPhone and iPod touch, which will be available to download for on the Apple App Store, starting Thursday (Apr. 26).
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