EPA to hold public meeting, hearing on permit for Arecibo waste-to-energy plant
May 15, 2012
The U.S. Environmental Protection Agency announced Monday it will hold a public hearing June 25 to give the public a chance to express their concerns about the proposed waste-to-energy plant project slated for Arecibo.
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JetBlue gets go-ahead to launch P.R.-Wash. D.C route
May 14, 2012
JetBlue Airways, Puerto Rico's largest carrier, was granted Monday a “beyond-perimeter” slot exemption from the U.S. Department of Transportation, which will enable it to launch new nonstop "capital-to-capital" service from Ronald Reagan Washington National Airport to the Luis Muñoz Marín International Airport. The carrier expects to start service in the fall.
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American Airlines looking to reduce square footage at LMM airport by 92%
May 14, 2012
American Airlines’ cycle as the leading carrier at the Luis Muñoz Marín International Airport could officially come to an end on June 1, if the U.S. Bankruptcy Court approves its petition to turn over the $350 million, 370,000 square-foot terminal facility it built in 1986 to the Puerto Rico Port Authority, News is my Business learned.
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Dominican Republic presidential candidates to headline PRMA convention
May 14, 2012
The Puerto Rico Manufacturers Association will be hosting its 84th annual convention under the “We’re all manufacturers” slogan, adopted to reflect “the multiplicity of industry elements,” said trade group President Pedro Watlington.
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Badillo, DDB big winners at Cúspide awards ceremony
May 14, 2012
Badillo Nazca Saatchi and Saatchi was the big winner of this year’s 30th edition of the Cúspide awards honoring the island’s best advertising efforts. The agency swept the competition with 16 statuettes, plus the event’s highest distinction, the “Gran Cúspide,” for a social media campaign for the United Way about the dangers of stray bullets.
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AA looking to get out of LMM lease
May 11, 2012
American Airlines, once the anchor and darling of the Luis Muñoz Marín International Airport, filed a motion in a U.S. Bankruptcy Court in New York stating its interest in getting out of its lease agreements with the government for the use of the facilities, the Dallas Morning News reported Thursday.
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Construction starts on $72M Ritz-Carlton Reserve Residences at Dorado Beach
May 11, 2012
The developers of the Dorado Beach property, PRISA GROUP, broke ground on the second phase of construction of the “Ritz-Carlton Reserve Residences,” a $72 million project that seeks to position Puerto Rico as world-class destination for upscale living and tourism.
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More than 30 eateries participating in ‘P.R. Restaurant Week’
May 11, 2012
For seven days starting May 14, fine-dining enthusiasts will have the chance to experience some of the San Juan metropolitan area’s best restaurants, which will be offering a three-course “prix fixe” dinner menu (including appetizer, entrée and dessert) for either $29 or $39, as part of Puerto Rico Restaurant Week.
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Investors: Gov’t transparency, free-flowing information critical to bond market success
May 10, 2012
Transparency and free-flowing information on the government’s behalf are crucial to keeping the island’s standing in the U.S. credit market, which is keeping close tabs on what is being done locally, several representatives of the investment community said Thursday during the first day of the Puerto Rico Credit Conference in San Juan.
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Bard creates 200 new jobs through Humacao expansion
May 10, 2012
Medical device manufacturer Bard Shannon Ltd. in Humacao is investing $43 million to expand its operations and add 200 new jobs in the process, Gov. Luis Fortuño announced Wednesday during a tour of the facility.
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Proposed Arecibo waste-to-energy plant gets EPA nod
May 10, 2012
The proposed $500 million waste-to-energy plant that Albany, NY-based Energy Answers is seeking to build in Arecibo got an important endorsement from the U.S. Environmental Protection Agency earlier this week, when it approved a key permit needed to move the project forward.
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Popular Insurance forges alliance with J. Jaramillo Insurance
May 10, 2012
Popular Insurance announced an alliance with General Agent J. Jaramillo Insurance, through which the latter will offer its services to Popular in some areas of its business, as well as to independent insurance agents who are now processing their property and casualty policies through Popular Insurance.
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Caribbean tourism officials step up lobbying campaign against U.K. airline tax
May 9, 2012
A tax originally imposed by the British government to fight global warming is being viewed in the English-speaking Caribbean as a penalty against long-haul air travelers — and regional tourism officials are furious about it.
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T-Mobile scores victory in PRT billing dispute
May 9, 2012
The U.S. Court of Appeals for the First Circuit put an end earlier this month to a nearly five-year-old billing dispute between T-Mobile and Puerto Rico Telephone involving several million dollars in charges related to network interconnection and transport facilities.
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Open Mobile ‘not worried’ about S&P’s credit outlook revision
May 9, 2012
Saying Open Mobile’s parent company, P.R. Wireless, has “less than adequate” liquidity, credit ratings agency Standard & Poor’s revised its outlook on the wireless carrier to negative from stable and affirmed its ratings, including the 'B' corporate credit rating.
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