P.R. Products Assoc. unveils proposals, elects new board
April 28, 2014
The Puerto Rico Products Association held its annual convention this weekend, when it unveiled its proposals for economic development as well as elected its new board of directors.
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3rd edition of Puerto Rico Restaurant Week on for May
April 28, 2014
Puerto Rico will celebrate its third annual Puerto Rico Restaurant Week — a culinary event that gives diners the opportunity to sample the best restaurants on the island at special prices — from May 14-20, said Gustavo Antonetti, president of Kinori Group, the company that produces the event.
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Puerto Rico in hot pursuit of stateside investors
April 25, 2014
Puerto Rico is in hot pursuit of the wealthiest stateside investors, with the public and private sectors banding together to showcase the benefits — both legal and natural — that the island has to offer.
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Claro connects Puerto Rico to 100 Gigabit-capable cable
April 25, 2014
Puerto Rico on Thursday became the final connecting point of a $1.1 billion high-speed submarine cable system deployed by telecommunications provider América Móvil that is capable of offering broadband transmission speeds of up to 100 Gigabits per second.
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First BanCorp. earns $17.1M in 1Q, up $2.3M YOY
April 25, 2014
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $17.1 million for the first quarter of 2014, or $0.08 per diluted share, compared to $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013 and a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013.
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World Bank: ‘Long way to go’ to social equality in LatAm
April 25, 2014
WASHINGTON — After Dr. Jim Yong Kim graduated from college in 1993, his first trip to Washington was to join a noisy protest against the World Bank.
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Sam’s to export Puerto Rico-made burgers to Fla. clubs
April 25, 2014
Sam’s Club Regional General Manager, Carmen Kingston, announced Thursday the beginning of a program to export products made in Puerto Rico to its clubs in Florida, as part of an initiative focused on strengthening local industry and job creation.
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Senate OKs excise tax exemption for electric, hybrid cars
April 25, 2014
The Puerto Rico Senate passed legislation Thursday that exempts electric-powered vehicles from excise taxes as established by Senate Bill 884, which proposes the "Act for the Promotion of Vehicles Powered Mostly by Electricity.”
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WEF report: Puerto Rico experimenting ‘digital paradox’
April 24, 2014
Puerto Rico slipped five notches to 41st place in this year’s World Economic Forum’s Global Information Technology Report, yet remains ahead of other countries in the region in terms of connectedness, local experts said Wednesday upon analyzing the results.
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Popular scaling back stateside opps, earns $86.4M in 1Q
April 24, 2014
Popular Inc. confirmed Wednesday it will be scaling back its U.S. mainland operations by divesting its branches in California, Illinois and Central Florida and centralizing certain back office operations in Puerto Rico and New York.
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Liberty Puerto Rico turns to cloud to personalize service
April 24, 2014
Liberty Puerto Rico is partnering with technology provider ActiveVideo to launch of a cloud-based personalized user interface that uses real-time viewing metrics to display program popularity and offers insight into how viewers find television content in a social context.
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Sheraton Old San Juan completes $4M in renovations
April 24, 2014
The Sheraton Old San Juan Hotel & Casino has completed an extensive, $4 million renovation of its facilities, including upgrades to guest room, corridors, and key public areas, the Palio Restaurant, as well as building exteriors and new technology, sales and marketing director Armando Emanuelli said Wednesday.
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Ports: Cruise ship business up 15.2% in San Juan
April 24, 2014
Cruise ship business at the Port of San Juan is up 15.2 percent for the first nine months of the fiscal year, representing an increase of 124,619 passengers year-over-year, Puerto Rico Ports Authority Executive Director Víctor Suárez said Wednesday.
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EPA honors Puerto Rico environmental leaders
April 24, 2014
The U.S. Environmental Protection Agency on Wednesday honored eight individuals and organizations from across Puerto Rico with “Environmental Quality Awards” for their achievements in protecting public health and the environment.
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Honeywell Aerospace to open new $35M high-tech lab
April 23, 2014
Honeywell Aerospace announced an agreement with the government to establish a new $35 million electromagnetic compatibility and environmental test laboratory in the mountain town of Moca.
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