Auto sales show steady growth for 2nd month in a row
June 8, 2016
Puerto Rico new auto sales held on to positive results for the second consecutive month in May, when some 6,828 units were sold, representing a 4.3 percent growth, the United Automobile Importers Group (known as GUIA by its Spanish acronym) informed Tuesday.
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New home insurer offers 20% refund for clean slate
June 8, 2016
Following the success achieved with auto accident insurance firm Point Guard, the founding trio of entrepreneurs are now launching Puerto Rico Home Insurance, offering the only local home insurance policy that reimburses consumers 20 percent of their annual premium if they have no claims during the coverage year.
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Liberty Business, Adtran to offer enhanced connectivity
June 8, 2016
Liberty Business, Liberty Puerto Rico’s business division, announced Tuesday it has selected ADTRAN Inc. as a networking and communications equipment provider to further enhance its service and connectivity capacity for Puerto Rico’s business sector.
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Walmart launches fundraiser for P.R. Olympic team
June 8, 2016
Walmart Puerto Rico announced Tuesday an alliance with the Puerto Rico Olympic Committee to launch a fundraising campaign to support athletes training to represent the island in the next Olympic event in Brazil.
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G25 credit unions unveil debt restructuring proposal
June 7, 2016
Twenty-five members of Puerto Rico’s credit union sector unveiled today in New York a proposal to restructure the bulk of the government’s outstanding public debt, which calls for reducing the payment burden and providing guarantees to creditors.
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EDB limits credit lines to $500K from $5M due to crisis
June 7, 2016
As part of a strategy to face the government’s current liquidity challenges and continue contributing to the island’s economic development, the Puerto Rico Economic Development Bank announced Monday it will be capping credit lines at $500,000 from the $5 million limit it formerly offered.
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Infotech Aerospace Services announces $11M expansion
June 7, 2016
The Commonwealth of Puerto Rico and Infotech Aerospace Services (IAS) announced Monday an expansion of operations that will foster the growth of the aerospace industry in the island’s western region.
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USDA marks ‘National Homeownership Month’
June 7, 2016
The U.S. Department of Agriculture kicked off Monday “National Homeownership Month,” highlighting its role in helping people buy homes in rural areas across the U.S. mainland and Puerto Rico.
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P.R. tourism leaders agree on need for industry stats
June 6, 2016
More than a handful of local tourism leaders gathered for a panel discussion hosted by the Foundation for Puerto Rico concurred there is a need for a multi-sector tourism statistics database to be able to gauge the visitor economy and its economic impact.
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Op-Ed: Expert — P.R. bankruptcy protection ‘overdue’
June 6, 2016
After months of negotiation, U.S. House Republicans introduced a bill that would help Puerto Rico deal with its $69 billion debt that has crippled its economy, setting rules that would allow it to seek bankruptcy protection.
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Toyota Dealers Assoc. backs pediatric cancer patients
June 6, 2016
The Toyota Dealers Association will be donating $100 to the CAP Foundation for every homerun connected by the Superior Double A Baseball League through the end of the season that ends in August to support pediatric cancer patients receiving treatment at the Medical Center Pediatric Hospital.
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Study casts doubt on legality of Puerto Rico debt
June 3, 2016
An independent commission established by Puerto Rico's government has issued a report casting doubt on the legality of the island's debt, which could be declared null by a court if it decides the Commonwealth borrowed without authorization.
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USDA announces measures to lift Puerto Rico economy
June 3, 2016
Agriculture Secretary Tom Vilsack announced Thursday several measures to strengthen rural opportunity in Puerto Rico, including designating the Eastern Region as a federal “Promise Zone.”
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P.R. Dept. of Labor gets $200K for apprenticeships
June 3, 2016
The Puerto Rico Department of Labor and Human Resources is getting $200,000 from the U.S. Department of Labor through the “ApprenticeshipUSA State Accelerator Grants” program to expand and expedite registered apprenticeship programs nationwide.
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EVERTEC, ATH Network bring joy to 100 children
June 3, 2016
EVERTEC and the ATH Network recently joined efforts to give the opportunity to seven Puerto Rico-based nonprofit organizations focused on providing services to children with special needs to bring their participants to Disney on Ice and enjoy VIP treatment at the ATH Suite at the José Miguel Agrelot Coliseum.
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