McDonald’s building 1st ‘green’ restaurant in Caribbean
September 26, 2012
Arcos Dorados, the company that manages the McDonald's brand in Latin America and the Caribbean, offered details Tuesday of its newest location under construction at the Plaza Guaynabo mall that will be its first eco-friendy establishment in Puerto Rico and the Caribbean.
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Watchdog committee to monitor government purchases
September 26, 2012
The Puerto Rico Office of the Inspector General and the Puerto Rican Industry Investment Board signed an agreement Tuesday establishing a specialized unit to monitor the government’s purchasing process and ensure that priority is given to locally made products.
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FirstBank appoints new executive VP
September 26, 2012
Michael McDonald, a veteran local banker, has been appointed executive vice president and director of the business group in charge of the strategic direction and oversight of corporate banking for FirstBank Securities and FirstBank Insurance Agency.
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Pridco unveils new solar energy incentive
September 26, 2012
The Puerto Rico Industrial Development Company announced Tuesday it has earmarked $10 million to create an incentive program for solar energy projects designed to lower energy costs for manufacturing companies leasing the agency’s buildings.
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EDB included in private banking loan guarantee program
September 26, 2012
The Economic Development Bank was included Tuesday in the Puerto Rico Development Fund Guarantee Program through an agreement signed with the Government Development Bank, government officials announced.
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Carrión, Laffitte & Casellas sold to Hub International Ltd.
September 25, 2012
Chicago-based Hub International Limited announced it has entered into a definitive agreement to acquire full service insurance brokerage firm Carrión, Laffitte & Casellas Inc. for an undisclosed amount.
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Scrap metal collections centers urged to get papers in order
September 25, 2012
A contingent of central government agencies conducted surprise inspections to several scrap metal collections centers in Puerto Rico, urging owners to bring their businesses up to speed with the law recently approved to regulate the industry.
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SBA grants Puerto Rico $455K for exports
September 25, 2012
Forty-seven states, Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands and the District of Columbia will receive $30 million total from the U.S. Small Business Administration in a second round of funding to support efforts to increase exporting by small businesses.
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Op-Ed: Puerto Rico State Housing Plan a disappointment
September 25, 2012
Some people in Puerto Rico think that there are too many studies and too little action. The real problem is that there are too few good studies and too much action based on faulty information.
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Puerto Rico gets $2M Affordable Care Act ‘rate review’ grant
September 25, 2012
The U.S. Department of Health and Human Services has awarded a $2 million discretionary “rate review” grant to the Puerto Rico Insurance Commissioner’s Office under the Affordable Care Act to protect island consumers, Resident Commissioner Pedro Pierluisi announced Monday.
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Ad agency Euro RSCG becomes Havas Worldwide
September 24, 2012
Seeking to present a more integrated offering that drives greater efficiency, consistency and value for its customers, advertising agency Havas announced the rebranding of its EURO RSCG division to Havas Worldwide.
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Puerto Rico Medicare beneficiaries save $110M under ‘Affordable Care Act’
September 24, 2012
Since its enactment by the federal government in 2010, the Affordable Care Act has already saved more than 45,000 Medicare beneficiaries in Puerto Rico a total of $111.4 million on the cost of prescription drugs, Resident Commissioner Pedro Pierluisi said Sunday.
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Tourism Chief: DMO will create new industry jobs
September 24, 2012
Puerto Rico Tourism Company Executive Director Luis Rivera Marín reiterated the government’s commitment to developing the tourism industry through the creation of a Destination Management Organization, which should increase the sector’s economic contributions and generate more jobs.
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Students, activists, artists participate in PARK(ing) Day 2012
September 24, 2012
Dozens of artists, activists and citizens occupied parking spaces in Puerto Rico and around the globe last week, turning them into public parks and other social spaces, as part of the annual PARK(ing) Day event.
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Taubman breaks ground on $405M upscale Mall of San Juan
September 21, 2012
Taubman Centers Inc. and New Century Development broke ground Thursday on the 650,000-square-foot Mall of San Juan, the island's first luxury retail development that will feature the first Saks Fifth Avenue and Nordstrom in the Caribbean.
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