Oriental honored for ‘significant commitment’ to Puerto Rico
May 1, 2013
Oriental Bank received the “Excellence in Quality Banking Award” from the Puerto Rico Products Association last weekend, for supporting local entrepreneurship and for its outstanding contribution to the local economy.
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Ford offers ‘Extended Service Plan’ on new vehicles
May 1, 2013
Automaker Ford announced Tuesday it is offering its new Extended Service Plan as an added perk with the purchase of a new Focus, Fiesta or Fusion through June 2, 2013. The plan covers eight maintenance visits and part replacement for three years, or 36,000 miles.
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Appellate Court clears way for Hugo Neu recycling complex
April 30, 2013
Hugo Neu Americas Recycling Complex officials said Monday the company “is closer” to completing its permitting process, after the Appellate Court denied a petition by Schnitzer Puerto Rico Inc. to reconsider its previous decision of granting permission to the proposed $80 million operation.
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Popular grants $2.5M for eco-friendly medical facility in Rincón
April 30, 2013
Banco Popular de Puerto Rico recently approved $2.5 million in financing to Rincón Health Center Inc. for the construction of the Costa Salud community health center in the western municipality of Rincón.
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Appointments in Avaya, Bella Group, Courtyard Marriott
April 30, 2013
Edgardo Rivera appointed new GM for Avaya Puerto Rico Avaya announced the appointment of Edgardo Rivera as general director for its Puerto Rico and U.S. Virgin Islands operations. His responsibilities will include country management and working closely with clients and channel partners to maintain the current client base as well as the conversion of potential […]
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PRMA, Polytechnic Univ. present Quest 2013
April 30, 2013
The Puerto Rico Manufacturers Association, in conjunction with the Polytechnic University, will host QUEST 2013, an initiative that for the past 10 years has served as a forum for companies looking to further their competitiveness through continuous improvement.
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Ad agencies gear up for 32nd ‘Cúspide’ awards
April 29, 2013
The Puerto Rico Advertising Agencies Association is getting ready to celebrate its 32nd edition of the “Cúspide Advertising Festival 2013,” when it will honor the island’s best ad campaigns. The event taking place May 2-4 will also integrate an educational track and a television special, organizers said.
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Tiny St. Kitts & Nevis enjoys hotel, cruise-ship bonanza
April 29, 2013
The twin-island nation of St. Kitts & Nevis — one of the world’s smallest independent countries — will add some 1,000 upper-end hotel rooms to inventory during 2013, said Prime Minister Denzil Douglas.
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Puerto Rico’s Destilería Serrallés gets top exporter honor
April 29, 2013
For the past six years, Destilería Serrallés has experienced consistent growth, achieving nationwide distribution of its flagship product, Don Q, in the United States, and breaking into international markets including the United Kingdom, France, Spain, Italy, Slovenia, Mexico and Panama. This growth has led the Puerto Rican company to exceed sales of 300,000 exported cases per year.
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Puerto Rico governor unveils $9.8B budget, sales tax to drop to 6.5%
April 26, 2013
Puerto Rico Gov. Alejandro García-Padilla presented Thursday a consolidated budget of $29 billion and an operating budget of $9.83 billion for fiscal 2014, representing a $750 million increase when compared to the current budget, which he said will be covered with new revenue.
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Major changes already underway at LMM airport
April 26, 2013
Despite not having yet completed the transition through which it will officially take over control of the Luis Muñoz Marín International Airport in Carolina, Aerostar Holdings is already planning major changes for services available to passengers, mostly related to concessions and transportation.
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OFG Bancorp reports $17.7M in 1Q13 income
April 26, 2013
OFG Bancorp, which until earlier this week was known as Oriental Financial Group Inc., revealed its first quarter results Thursday, which reflected income of $17.7 million for the three-month period, up from the $9.5 million reported for the same year-ago quarter.
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Arecibo Observatory seeks collaboration with LatAm, Spain
April 25, 2013
WASHINGTON — Puerto Rico’s iconic Arecibo Observatory is looking to raise money and boost its international profile as the world’s largest single-dish radio telescope prepares to celebrate its 50th anniversary this October.
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Puerto Rico auto sales down 6.5% in March
April 25, 2013
New car sales in Puerto Rico showed a 6.5 percent drop in March, a decline that affected many of the most popular brands, including Toyota, Ford and Chrysler, the United Automobile Importers Group known as GUIA revealed Wednesday.
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Walmart to buy $1.9M in paper goods from local supplier
April 25, 2013
Walmart Puerto Rico announced Wednesday it has entered into a 12-month purchase agreement with local manufacturer Softex for $1.9 million in paper goods, which will substitute product imports, officials from both companies said.
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