P.R. Trade allies with students to boost int’l commerce
April 4, 2014
Puerto Rico Trade and Exports and student organization AIESEC have signed a cooperation agreement to develop the incursion of Puerto Rican companies in international markets.
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P.R. Coffee Roasters launches sustainability project
April 4, 2014
Puerto Rico Coffee Roasters on Thursday launched an awareness and social responsibility project dubbed “Sembrando el Bien,” (“Sowing the Good”) whose goal is to preserve and spare natural resources by developing sustainable agriculture to contribute to the island’s well being.
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Pierluisi lauds Senate vote extending expired tax terms
April 4, 2014
Puerto Rico Resident Commissioner in Washington, Pedro Pierluisi, on Thursday praised the Senate Finance Committee’s decision to extend, for 2014 and 2015, a package of expired tax provisions known as “tax extenders.”
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Claro unveils Cloud Connected for business clients
April 4, 2014
Telecommunications provider Claro unveiled Thursday MobileIron’s Cloud Connected service, which offers protection and control to any mobile device used within an organization, whether company or employee-owned.
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FirstBank Puerto Rico top execs get significant pay raises
April 3, 2014
Several high-ranking FirstBank executives are getting significant pay raises this year, through a combination of cash and stock, according to a filing submitted to the Securities and Exchange Commission this week.
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PREPA proposes dropping electricity rate to 16¢ by ’19
April 3, 2014
Puerto Rico Electric Power Authority Executive Director Juan Alicea outlined Wednesday a strategy the agency has set off to reduce the cost of electricity on the island to 16 cents per kilowatt-hour in five years by diversifying fuel sources for power generation.
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IHG opens 1st Holiday Inn Express in Puerto Rico
April 3, 2014
InterContinental Hotels Group announced Wednesday the opening of the first Holiday Inn Express hotel in the Condado area of San Juan.
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Appointments at LMM, HLB Parissi, Internet Society
April 3, 2014
Executives have been named to top positions in Puerto Rico government agencies and private-sector companies across a spectrum of industries.
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Aerostar donates anchors, buoys to local fishermen
April 3, 2014
Looking to kick off this year’s Earth Month celebration, Aerostar Airport Holdings on Wednesday donated 50 buoys and 50 anchors to fisherman's cooperatives in Piñones, Las Margaritas and La Coal in San Juan, a contribution worth about $10,000, company CEO Agustín Arellano said.
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SBA seeking nominees for annual Tibbetts, SBIR awards
April 3, 2014
The U.S. Small Business Administration is seeking nominations for its annual Tibbetts and Small Business Innovation Research (SBIR) Hall of Fame Awards.
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Puerto Rico’s bankruptcy filings up 10% in March
April 2, 2014
Puerto Rico’s bankruptcy filings jumped by 10 percent year-over-year in March, when 1,007 cases were filed. The bulk of the cases belonged to the Chapter 13 category, which allow individuals to reorganize their finances.
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Destilería Serrallés expanding production in next 3 years
April 2, 2014
Puerto Rican rum distiller Destilería Serrallés Inc. will increase its rum production in Puerto Rico, adding up to 8 million proof-gallons in the next 3 years, company and government officials announced Tuesday.
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‘Royal Pains’ wraps filming, pumps $2M into economy
April 2, 2014
The on-location production for Universal Cable Productions’ ““Royal Pains”” television series, currently in its sixth season on USA Network, wrapped this week in Puerto Rico, after four weeks of pre-production and eight days of shooting in several locations across the island.
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Puerto Rico manufacturing PMI jumped to 52.8 in Feb.
April 2, 2014
Puerto Rico’s Purchasing Managers Index for the manufacturing sector increased to 52.8 in February, vaulting over the 50-point threshold after two consecutive months of falling short, the report released Tuesday by the Puerto Rico Institute of Statistics revealed.
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Constructora Santiago settles sexual harassment case
April 2, 2014
Constructora Santiago II Corp., a federal construction contractor in San Juan, will make a lump sum payment of $40,000 to three female carpenters who were allegedly sexually harassed, retaliated against and denied regular and overtime work hours comparable to those of their male counterparts.
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