PRIDCO seeks RFPs to run sugarcane harvest project
May 7, 2014
The Puerto Rico Industrial Development Company is seeking an operator for the second and third phases of the recently launched sugarcane harvesting project, opening a call for Request for Proposals on Tuesday.
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Energy trade group to meet in Puerto Rico May 14-16
May 7, 2014
The World Alliance for Decentralized Energy (WADE) announced Tuesday its first annual Caribbean Energy Conference, to be held May 14-16, 2014 at the Sheraton Hotel.
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Oriental hosts innovation in entrepreneurship talk
May 7, 2014
Álvaro Fischer, president of Fundación Chile, was recently invited to address entrepreneurs from Oriental Bank’s commercial banking division, on the topic of innovation in entrepreneurship and available opportunities for Puerto Rico’s economic development.
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DDB lands Coca-Cola, Open Mobile clients, nabs awards
May 7, 2014
DDB Latina Puerto Rico/EJE Sociedad Publicitaria recently added the Coca-Cola brand as well as Open Mobile to its roster of clients, after competing successfully for both clients, the agency announced Tuesday.
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Bayer AG picks up Merck Consumer Care unit for $14.2B
May 6, 2014
Two pharmaceutical giants, Bayer AG and Merck, announced this morning a deal through which the first has agreed to pay $14.2 billion for the latter’s Consumer Care Unit, picking up global trademark and prescription rights for a number of recognized brands, including Claritin and Afrin.
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Economist: Indication of economic growth is a ‘mirage’
May 6, 2014
The indication by members of Gov. Alejandro García-Padilla’s administration of a slight economic recovery over the past two fiscal years is “simply a mirage,” and it will take significant adjustments to achieve the growth predicted for coming years, economist firm H. Calero Consulting Group Inc. said in its most recent monthly publication.
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ALPFA gathers young professionals in networking event
May 6, 2014
Nonprofit Association of Latino Professionals in Finance & Accounting, or ALPFA, recently hosted a meet-and-greet networking event gathering more than 100 young business professionals from different organizations and colleges looking to form alliances to strengthen Puerto Rico’s economy and education through collaborations, initiatives and creative solutions that pursue positive results.
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USDA opens funding call for energy efficiency projects
May 6, 2014
The U.S. Department of Agriculture is seeking applications from rural small businesses and agricultural producers for funding to make energy efficiency improvements or to install renewable energy systems, both on the U.S. mainland and Puerto Rico.
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Gov. signs order extending public agency service hours
May 5, 2014
Gov. Alejandro García-Padilla signed Sunday an executive order to extend service hours for certain Puerto Rico government agencies, as was established by law more than a decade ago.
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Statistics Institute opens call for science & tech. survey
May 5, 2014
The Puerto Rico Statistics Institute is calling all entities involved in research and development activities to participate in the Science and Technology Research and Development Survey, which provides for the collection of data on R&D resources earmarked for the island, a key indicator of the knowledge economy, agency Executive Director Mario Marazzi said.
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Advertising creativity rewarded at Cúspide 2014 festival
May 5, 2014
J. Walter Thompson San Juan, Badillo Saatchi & Saatchi and DDB Latina were the runaway winners of this year’s 32nd edition of the Cúspide Festival, an annual awards competition sponsored by the Puerto Rico Association of Advertising Agencies.
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‘Rums of Puerto Rico’ gets new brand identity
May 5, 2014
Backed by a market study that measured the level of recognition on the origin and other attributes of rum, the Puerto Rico Industrial Development Company and its Rums of Puerto Rico program, unveiled a new uality seal that, for the first time, will uniformly identify rums manufactured locally.
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SBA, CIAPR hosting gov’t contracting matchmaking event
May 5, 2014
The U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors (CIAPR by its Spanish acronym) will conduct on Tuesday their 10th annual “Business Matchmaking Event” to pair small firms with federal government agencies seeking vendors.
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Doral developing revised capital plan to address liquidity
May 2, 2014
The Federal Deposit Insurance Corporation has warned Doral Bank that it may no longer include in its calculation of its Tier 1 Capital some or all of the tax receivables from the government, which represented $289 million of the bank’s approximately $679 million of Tier 1 Capital at Dec. 31, 2013.
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Puerto Rico has big potential as food mecca
May 2, 2014
Positioning Puerto Rico as a gastronomic tourism destination could yield more visitors, grow agriculture to make the island more sustainable and create jobs, food and hospitality industry professionals said ahead of the first Conference of Gastronomic Tourism of Puerto Rico and the Caribbean to be held next week.
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