PRASA board approves fiscal strategy for next 4 months
February 17, 2016
The Puerto Rico Aqueduct and Sewer Authority’s board of directors approved Tuesday a plan mapping out its finances through the end of the fiscal year that is anchored on the approval of the bill establishing a new credit-issuing entity that is already facing opposition.
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Trade expert offers tips to revive P.R.
February 17, 2016
WASHINGTON — José Raúl Perales, a Santurce-born regional trade expert who spent years advising the Puerto Rican government — and later the U.S. private sector and the Department of Homeland Security — says bankruptcy protection and tax breaks alone won’t help the island regain its long-term competitiveness against global rivals.
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Royal Isabela among TripAdvisor’s ‘Top Small Hotels’
February 17, 2016
Royal Isabela, the world-class golf and private membership club perched on the coastline of northwest Puerto Rico, has been included in TripAdvisor’s list of “Top 25 Small Hotels in the Caribbean” for the third consecutive year.
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20 years later, Telecom Reform Act delivers on promise
February 16, 2016
The telecommunications industry is marking the 20th anniversary of the Telecom Reform Act of 1996, which in Puerto Rico sparked unprecedented levels of competition in a sector formerly dominated by a single carrier and astronomical calling rates.
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Private Sector Coalition continues DC lobbying efforts
February 11, 2016
Leaders of Puerto Rico's Private Sector Coalition continued their push in Washington DC for the enactment of economic development measures for the commonwealth as the true way out of the fiscal crisis.
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Cidrines bread, pastry footprint covers 500 U.S. stores
February 11, 2016
Puerto Rican artisan wholesale bakery Cidrines announced Wednesday a significant expansion of its stateside reach through the delivery of its fresh pastries and breads to more than 500 stores across the Florida market.
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Quintessentially Lifestyle opens P.R. operation
February 11, 2016
Quintessentially Lifestyle, a global private members’ club offering concierge services and lifestyle management services has established a local operation and will be introducing its services at the Puerto Rico Investment Summit on Feb. 11-12.
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Caterpillar names P.R. firm Rimco official dealer for Cuba
February 11, 2016
Caterpillar Inc. announced Wednesday it has selected Puerto Rico-based Rimco to be the Cat equipment dealer for Cuba. Currently, Rimco serves as the Cat dealer for Puerto Rico and the Eastern Caribbean.
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Gov’t: P.R. retail sales show 3% YOY drop in Oct. ’15
February 10, 2016
Puerto Rico retail sales for the month of October 2015 — the most recent available from the government — showed a 3 percent drop in comparison to the same month in 2014, to $3.1 billion.
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Guayacán sets off 10th edition of EnterPRize competition
February 10, 2016
The tenth edition of Grupo Guayacán’s business competition, EnterPRize, kicked off with the participation of this year’s 25 semi-finalists in a series of workshops that are part of its educational curriculum.
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M. Holland to acquire 2 San Juan-based distributors
February 10, 2016
M. Holland Co., a distributor of thermoplastic resins, announced Tuesday it has signed a letter of intent to acquire Able International Corp. and Tril Export Corp., both headquartered in San Juan.
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Liberty marks ‘Safer Internet Day 2016’ initiative
February 10, 2016
As part of its social responsibility campaign “Navega con seguridad,” Liberty Puerto Rico celebrated “Safer Internet Day 2016” on the island on Tuesday for the ninth year in a row.
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Carey Int’l renews franchise license in P.R.
February 10, 2016
Carey International, Inc., a provider of chauffeured service solutions, customer-centric travel technology, and ground transportation logistics management, has renewed its Carey franchise agreement in Puerto Rico, the company announced Tuesday.
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USDA opens call for renewable energy program funding
February 10, 2016
The U.S. Department of Agriculture’s Rural Development program is accepting applications for funding under its Renewable Energy for America Program through May 2, 2016, José Otero-García, the agency’s state director for Puerto Rico, said Tuesday.
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Effects of tax switch sets off debate between economists
February 9, 2016
The switch-over from a B2B IVU to a B2B IVA should not raise consumer prices nor costs to business, according to Economist Vicente Feliciano, president of Advantage Business Consulting.
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