Economist: ’14 turbulent, but ’15 will be decisive for P.R.
February 17, 2015
The effects of the current administration’s value-added tax proposal as part of a sweeping tax overhaul and the “liquidity time bomb” of the Government Development Bank will make 2015 a “decisive year” for making harsh decisions, analyst firm H. Calero Consulting predicted in the latest edition of its publication “Compass.”
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RUM selected for NSF’s Pathways to Innovation program
February 17, 2015
The University of Puerto Rico’s Mayagüez Campus, known as RUM, has been selected among 25 U.S. institutions by the NSF-funded National Center for Engineering Pathways to Innovation (known as Epicenter) to join the Pathways to Innovation Program.
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Executives named at Open Mobile, GDB
February 17, 2015
Wireless carrier Open Mobile and the Government Development Bank named new executives recently, to fill high-ranking posts within their respective operations.
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SBA launches LINC, new online matching tool
February 17, 2015
The Small Business Administration has launched a first-of-its-kind tool on the federal agency’s website that will allow entrepreneurs looking for a small business loan to get matched with an SBA lender.
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The Mall of San Juan adds 5 more retailers to tenant mix
February 16, 2015
Five more retailers have added their names to the roster of tenants moving into The Mall of San Juan and will be making their Puerto Rico debuts when the luxury shopping center opens Mar. 26, mall operator Taubman Centers Inc. revealed late last week.
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New $19.4M construction project slated for Old San Juan
February 16, 2015
Old San Juan's urban topography is about to undergo a slight tweaking over the next couple of years.
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Méndez & Co.’s WorldClass program generates growth
February 16, 2015
The WorldClass Diageo Reserve program — an initiative that affords growth opportunities for participating professionals and establishments — has heightened Puerto Rico’s appreciation for the art of fine cocktails, Méndez & Co. executives said recently.
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S&P cuts Puerto Rico’s GO bonds to ‘B’ from ‘BB’
February 13, 2015
Standard & Poor's Ratings Services pushed Puerto Rico’s general obligation rating further into junk Thursday when it lowered it 'B' from 'BB,’ with a negative outlook.
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‘Taste of Rum’ to mark more than 450 years of tradition
February 13, 2015
The sixth annual edition of the “Taste of Rum” is returning Feb. 28 to celebrate the industry’s 450-year history in Puerto Rico.
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Flower sales drop, but still in demand for Valentine’s
February 13, 2015
With Valentine’s Day less than 24 hours away, millions of people will say, “I love you” with flowers. Last year, Puerto Ricans spent about $6 million on blooms from Colombia, one of the world’s largest flower exporters, a government spokesman for that country said Thursday.
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Op-Ed: ‘Mr. Governor, your strategy hurts’
February 13, 2015
Your speech hurts. Your government strategy hurts. Your tax reform hurts.
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Ex-NYC Mayor Giuliani to speak at Investment Summit
February 13, 2015
Former New York City Mayor and President of Giuliani Partners, Rudy Giuliani, will act as keynote speaker at the 2015 Puerto Rico Investment Summit, slated for Feb. 26-27 at the Puerto Rico Convention Center.
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Gov. talks Treasury overhaul, submits tax reform bill
February 12, 2015
Gov. Alejandro García-Padilla announced Wednesday the restructuring of the Puerto Rico Treasury Department, as well as offered details of the administration’s proposed tax reform expounded in a 1,400-page bill submitted at the Legislature late in the day.
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Fitch: ‘Next few months will be critical’ for Puerto Rico
February 12, 2015
Credit ratings agency Fitch Ratings said Wednesday it believes that there are significant challenges ahead for Puerto Rico as it pursues initiatives necessary to maintain a credit profile commensurate with its 'BB-' general obligation junk rating.
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Mycogen Seeds opens new $60M research facility
February 12, 2015
Mycogen Seeds Puerto Rico Corporation, a wholly owned subsidiary of The Dow Chemical Company and an affiliated company of Dow AgroSciences, opened its new $60 million seed research and development facility in Salinas on Wednesday.
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