Dish Puerto Rico adds HD channels, ‘Hopper’ service
October 18, 2012
Dish Puerto Rico announced the addition of 19 new HD channels to its programming, as well as its Hopper Whole Home DVR System and Blockbuster@Home services, which became available Wednesday.
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Op-Ed: GDB’s response to CNE’s ‘open letter’
October 18, 2012
The Government Development Bank for Puerto Rico is proud of its long tradition of professional management, transparent corporate governance and utmost respect toward the investor community and the people at large.
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EDB approves $2.8M loan to spare Loíza’s only mall
October 18, 2012
The Economic Development Bank approved a $2.5 million rescue loan to spare the Ocean Marina Blue Shopping Center, the only strip mall in Puerto Rico’s coastal town of Loíza, owned by siblings and built in 2008.
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Sotheby’s opens Puerto Rico office
October 18, 2012
Luxury real estate listings broker Sotheby’s International Realty Affiliates LLC is entering the Puerto Rico market looking to draw affluent buyers looking for properties in a setting that combines “weather, infrastructure, political and economical stability.”
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EPA grants Puerto Rico $46M for clean water projects
October 17, 2012
The U.S. Environmental Protection Agency has awarded $46 million to Puerto Rico to help finance improvements to water projects that are essential to protecting public health and the environment. The funds will primarily be used to upgrade sewage plants and drinking water systems throughout the island.
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Puerto Rico car sales up 9.5% in September
October 17, 2012
Puerto Rico consumers drove 8,300 cars off dealership lots in September, representing a 9.5 percent increase, or 718 additional units, in comparison to the same month last year, when 7,582 units were sold, the United Automobile Importers Group known as GUIA announced Tuesday.
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Op-Ed: CNE’s open letter to Puerto Rico’s GDB
October 17, 2012
The lack of seriousness and responsibility reflected by the comments made by the president of the Government Development Bank of Puerto Rico are truly disturbing.
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Guayama gifts students, residents with tablet computers
October 17, 2012
At a cost of $2 million, the Guayama municipal government began distributing Tuesday 10,000 Indipad-branded tablet computers to establish digital interaction between citizens, the government and the private sector, town officials said during an event attended by First Lady Lucé Vela, among others.
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Neolpharma picks up Pfizer’s Caguas plant
October 16, 2012
Mexico’s Neolpharma will be picking up the assets of Pfizer’s Caguas manufacturing plant, through an agreement that is expected to close during the first quarter of 2013, company executives announced Tuesday. The financial terms of the agreement were not disclosed.
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Allied Car & Truck Rental investing $9M in expansion
October 16, 2012
Allied Car & Truck Rental is marking its 30th anniversary by investing $9 million to double its presence in Puerto Rico over the next two years, as well as establish branches outside the island, company officials said Monday.
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Seaplane and water tours launch at Bahía Urbana
October 16, 2012
Folks who like to dream big, explore and discover natural wonders will now have the opportunity to enjoy a variety of unique adventures by air and by sea with Seaplanes in Paradise & San Juan Water Tours, which recently launched services from Pier 6 in Old San Juan.
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GDB chief takes part in UBS speaker series
October 16, 2012
Government Development Bank of Puerto Rico President Juan Carlos Batlle recently addressed a group of UBS clients on the outlook for the island’s credit as part of the company’s “UBS Speaker Series” cycle that began earlier this year.
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AA introduces meal reservation for 1st, Business class
October 16, 2012
American Airlines announced its entrée reservations program, becoming the first domestic airline to offer premium class customers the opportunity to review menu options and pre-select their desired meal prior to their flight’s departure.
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GDB mulls restructuring Condado Duo building loan
October 15, 2012
The Puerto Rico government is reviewing a request by one of the island's main hotel operators to restructure the loan that helped pay for the renovation of two landmark hotels: La Concha Renaissance Resort & Casino, currently in operation, and the Condado Vanderbilt Hotel, which shut down 15 years ago and reopens on Tuesday in a phased manner.
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Tourism activity showing signs of improvement
October 15, 2012
New luxe hotel properties, a higher return for investors, and greater satisfaction by cruise passengers visiting the island are spelling out a brighter outlook for Puerto Rico's tourism industry, according to Tourism Co. Executive Director Luis Rivera Marín.
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