Medicare refund rates for P.R. hospitals to be increased
January 19, 2016
Puerto Rico hospitals will soon begin receiving the same basic reimbursement rate — known as the “base rate” — as hospitals in the U.S. mainland for treating Medicare patients, Resident Commissioner Pedro Pierluisi said Monday.
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Op-Ed: Why Puerto Rico deserves more than a chance
January 19, 2016
Recent news coverage about Puerto Rico has focused on its high public debt and imminent default while, in U.S. Congress, powerful lobbies seem to hold more sway over Puerto Rico’s future than do more than 8 million U.S. citizens.
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Santander Universidades rewards business innovation
January 19, 2016
Starting this month and through April 8th, Puerto Rico college students can compete for a prize of up to $10,000 for their business idea, during the fourth edition of the "IV Santander Award for Business Innovation" business plan competition.
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Google rolls out ‘Street View’ feature in Puerto Rico
January 19, 2016
Internet giant Google announced Monday it has begun rolling out its “Street View” vehicles on Puerto Rican streets to record images of several towns that will be collected, processed and included in Google Maps.
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9 apps vie for grand prize at Appcircus San Juan final
January 19, 2016
Nine finalists will showcase their apps live at the “Appcircus San Juan” final on Jan. 21 at Sacred Heart University.
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P.R. gov’t adjusting budgets to bridge revenue shortfall
January 14, 2016
The government of Puerto Rico is making budget adjustments amounting to some $254 million, which is about half of the shortfall in revenue collections the Treasury Department anticipated late last year.
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Guayacán announces 3rd edition of I-Corps Puerto Rico
January 14, 2016
Grupo Guayacán Inc. (GGI) will offer the upcoming third edition of its I-Corps Puerto Rico program at the University of Puerto Rico’s Mayagüez Campus, marking the first time that the program is offered outside of the San Juan metropolitan area and directly on a university campus, organizers said.
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U.S. House energy committee scrutinizes PREPA deal
January 13, 2016
WASHINGTON — A restructuring deal between the deeply indebted Puerto Rico Electric Power Authority and most of its creditors came under scrutiny during a Tuesday oversight hearing here by the House Subcommittee on Energy and Mineral Resources.
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Popular’s start-up loan program spurs variety of pitches
January 13, 2016
Puerto Rico's largest bank is putting its money behind start-ups through an innovative program that is already generating some interest among entrepreneurs.
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Sen. Reid urges McConnell to move on P.R. debt crisis
January 13, 2016
In a letter to Senate Republican leader Mitch McConnell, Nevada Senator Harry Reid on Tuesday called on Republicans to work with Democrats to address the deepening debt crisis facing Puerto Rico.
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P.R. Investment Summit adds speakers to event lineup
January 13, 2016
Puerto Rico Investment Summit organizers revealed Tuesday new additions to its lineup of speakers and panelists for its two-day event scheduled for Feb. 11-12.
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Several store closings rattle Puerto Rico’s retail sector
January 12, 2016
Several retailers are ringing in 2016 by exiting the market, with the confirmed closings of several stores at The Mall of San Juan and throughout the island.
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Gov’t, debt insurers trade barbs over ‘clawback’ lawsuit
January 12, 2016
In the days since Assured Guaranty filed a lawsuit jointly with monoline insurer Ambac against the commonwealth of Puerto Rico over the constitutionality of revenue clawbacks, the parties have been defending their corners via public statements.
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PREPA overhaul bill ‘mortal blow’ for citizens, industry
January 11, 2016
A group of representatives for Puerto Rican consumers, businesses, industries, and workers warned Sunday that the legislative approval of the Puerto Rico Electric Power Authority Revitalization Act will deliver “a mortal blow” to the island’s already critical economic situation.
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Law passed to increase gov’t buys from small businesses
January 11, 2016
A bill amending Law 62 of 2014 calling for an increase in government purchases from local small and mid-sized businesses from 20 percent to 30 percent starting this year has been signed into law, House Speaker Jaime Perelló announced.
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