‘Sprint Drive First’ mobile ‘app’ free for 15 days
January 11, 2013
In support of the recently approved law banning the use of mobile phones while driving in Puerto Rico, wireless carrier Sprint is offering its “Sprint Drive First” application for free for 15 days, company officials announced Thursday.
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AGP economic team patching things up with pharmas
January 10, 2013
Gov. Alejandro García-Padilla’s economic team is working on patching things up with pharmaceutical companies doing business in Puerto Rico, which they said Wednesday have “lost trust” in the island’s government.
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Oriental maps out integration with BBVA Puerto Rico
January 10, 2013
Oriental Financial Group Inc. announced Wednesday plans for the integration of Banco Bilbao Vizcaya Argentaria Puerto Rico, which Oriental acquired in late December, and the combined companies’ branding and business strategy.
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Fitch: Puerto Rican banks to face ‘continuing’ challenges
January 10, 2013
Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
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Moody’s assigns ‘Baa3’ rating to $350M Aerostar bonds
January 10, 2013
Moody's Investors Service announced Wednesday it has assigned provisional ‘Baa3’ ratings to Aerostar Airport Holdings, LLC's $350 million of senior secured bonds. The outlook is stable. Bond proceeds will be used to partially fund the acquisition of a long-term lease to operate the Luis Muñoz Marin Airport.
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Puerto Rico flood victims eligible for SBA loans
January 10, 2013
Residents and businesses in Puerto Rico affected by heavy rains and flooding on Nov. 12- 13, can apply for low-interest disaster loans from the U.S. Small Business Administration, agency Administrator Karen G. Mills announced Wednesday.
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O:live Boutique Hotel opens ‘rooftop oasis’
January 9, 2013
Less than a year after opening its doors in San Juan’s trendy Condado area, the O:live Boutique Hotel — owned by entrepreneurs Loisse Herger and Fernando Dávila — is cutting the ribbon on its “Rooftop Club,” an outdoor tapas and bar area overlooking the Condado Lagoon.
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SBA adds ‘Exporter of the Year’ to annual awards
January 9, 2013
The U.S. Small Business Administration announced that it is adding a new award in celebration of National Small Business Week 2013. The “Small Business Exporter of the Year” award will recognize a small business that is successfully engaged in exporting.
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Gossip TV personality Santarrosa walks off ‘SuperXclusivo’
January 8, 2013
Less than five weeks after being the target of an unprecedented boycott from a segment of Puerto Rico residents and advertisers, Antulio “Kobbo” Santarrosa the man behind the “La Comay” gossip puppet, allegedly walked off the show and the WAPA (Ch. 4) station late Tuesday.
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EPA launches ‘Caribbean Coral Reef Protection’ group
January 8, 2013
The U.S. Environmental Protection Agency announced it has formed an inter-agency effort to protect coral reefs off the shores of Puerto Rico and the U.S. Virgin Islands. The Caribbean Coral Reef Protection Group, which will consist of the EPA and other government agencies, will coordinate efforts to protect coral reefs.
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Orgánica Yogurt closes operations after 6 years
January 8, 2013
Six years after introducing its high-quality, Greek-style yogurt to the Puerto Rican market, Orgánica Yogurts announced its decision to close down the business effective Tuesday.
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CES ’13 kicks off showcasing latest tech innovation
January 8, 2013
The Consumer Electronics Association officially kicks off its 2013 International CES show today, featuring a record-breaking 1.87 million net square feet of exhibit space in Las Vegas, where the latest in technological innovation will be on display.
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‘Operación Empleo’ slated for next week
January 8, 2013
“Operación Empleo,” the new administration's first large-scale initiative through the Department of Economic Development and Commerce to offer workshops aimed at investors and private sector companies, will take place Jan. 16, government officials announced.
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Op-Ed: Rightly taxing foreign corporations
January 8, 2013
Throughout Hato Rey’s Golden Mile, sotto voce, there is talk about an imminent amendment to Law 154 to increase taxes on foreign corporations. Under the present law, the excise tax on these corporations just declined from 4 percent in 2011, to 3.75 percent in 2012, and effective this month down further to 2.75 percent.
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McDonald’s opens 1st eco-friendly eatery in Puerto Rico
January 8, 2013
As part of its commitment to the environment and sustainable development, Arcos Dorados, the company that manages the McDonald's brand in Latin America and the Caribbean, recently inaugurated the chain’s first ecological restaurant operating in Puerto Rico and the Caribbean.
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