OMB: Puerto Rico expenses under budget, down 6% YOY
January 9, 2014
Driven by a drop in payroll and the implementation of a fiscal improvement program at the Education Department, the Office of Management and Budget said Wednesday that Puerto Rico’s expenses so far this fiscal year are under budget and reflect a 6 percent year-over-year decline.
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Gov’t assigns $25M to retain, create jobs for youth
January 9, 2014
The Workforce Development Administration and the Office of Youth Affairs announced Wednesday a joint initiative that will provide $25 million to create and retain jobs for employees between 18 and 29 years old.
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Ciencia Puerto Rico named model for science diversity
January 9, 2014
Ciencia Puerto Rico, an online network designed in 2006 to connect people interested in science and Puerto Rico, has been profiled in the prestigious scientific journal PLoS Biology as a model to link scientists from groups traditionally underrepresented in science and increase their visibility and ability to reach out to their communities.
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‘Practical Techie:’ Instagram as a sales tool
January 9, 2014
If you like to take photos, or are an image reticent biz person, do try to see the light on Instagram for 2014.
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Seaborne Airlines ranks 6th in ‘storylines to watch’ list
January 9, 2014
Miami-based online publication Caribbean Journal recently ranked Seaborne Airlines in 6th place in its list of the top 21 storylines to watch in 2014. The past year has been a busy one for the regional carrier, which last month announced the move of its headquarters from St. Croix, to San Juan in the first quarter […]
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DDB Latina nabs 1st place in global Cristal Festival
January 9, 2014
DDB Latina Puerto Rico and its media division, PHD, won the Cristal award, equivalent to a gold medal, at the Cristal Festival global media creativity and innovation competition, for the “Last Meal” campaign.
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Sacred Heart Univ. to host author Jeff Furman
January 9, 2014
Sacred Heart University’s Institute of Leadership, Entrepreneurship and Citizenship of will host the dialogue "Toward a social market economy: A conversation with Jeff Furman," on Jan. 10 at 10 am, at the School of Business Administration amphitheater.
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Puerto Rico retail sales down 1.6% YOY in September
January 8, 2014
Puerto Rico’s retail sales were down 1.6 percent year-over-year in September — the most recent statistic available for the sector — when some $2.84 billion in activity was reported.
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Report: Public Buildings Auth. ‘target’ for downgrade
January 8, 2014
The Puerto Rico Public Buildings Authority’s high level of indebtedness — estimated at $4.2 billion — and whether it has repayment capacity, could make it an “easy target” for credit ratings agencies, local analyst firm REOF Capital concluded in a recently released report.
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New York Fed to launch consumer expectations survey
January 8, 2014
The Federal Reserve Bank of New York will launch its “Survey of Consumer Expectations” next week, to provide timely information about consumer expectations and behavior through three categories: inflation, labor market and household finances, the agency announced Tuesday.
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Puerto Rico bankruptcy filings up 26% YOY in December
January 7, 2014
Bankruptcy filings were up 26 percent year-over-year in December, when a total of 1,044 cases were filed, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
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InterCaribbean Airways announces new San Juan route
January 7, 2014
InterCaribbean Airways, formerly known as Air Turks & Caicos, recently announced new air service schedules connecting San Juan to Puerto Plata and Samaná in the Dominican Republic, and for the first time, a flight connection between the Luis Muñoz Marín International Airport and Providenciales in the Turks & Caicos Islands, starting Jan. 20.
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Puerto Rico Products Assoc. rolls out ’14 agenda
January 7, 2014
The Puerto Rico Products Association unveiled Monday its “agenda for Puerto Rico’s socio-economic prosperity,” which pursues a three-pronged strategy to promote, develop and optimize the local industry to effectively insert the island into a global and competitive economy.
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Application period opens for Buick Achievers grants
January 7, 2014
The Buick Achievers Scholarship Program, funded by the General Motors Foundation, will accept applications for 2014 scholarships through Feb. 28, the company announced.
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Economists, trade groups predict scenarios for ’14
January 3, 2014
After a challenging year when Puerto Rico’s economy remained in contraction, members of the different key industries, trade associations and economists weigh in on what 2014 will bring to the island.
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