P.R. nonprofits partner to provide solar energy to primary health clinics
June 5, 2018
The Puerto Rico Community Foundation and the Puerto Rico Primary Health Association formalized an alliance to provide solar energy systems to primary health clinics — 330 Centers — to be overseen by the latter nonprofit.
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Oriental launches commercial credit online platform for SME’s
June 5, 2018
Oriental Bank has launched a new digital platform that seeks to make it “fast and easy” for small and medium-sized Puerto Rico businesses to apply for and manage commercial credits through the life cycle of their relationship.
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Popular makes regulatory filing to acquire Reliable Financial’s assets
June 5, 2018
Four months after announcing it had agreed to acquire Wells Fargo’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc., Banco Popular de Puerto Rico confirmed it has filed a notice with the Federal Reserve System to close the deal.
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CBP in P.R., USVI ‘ready for summer travel,’ despite hurricane recoveries
June 5, 2018
U.S. Customs and Border Protection said its operations in Puerto Rico and the U.S. Virgin Islands are “ready to secure and facilitate travel for thousands of passengers departing to and arriving from international destinations.”
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Walgreens offering FedEx Express services at 107 P.R. stores
June 5, 2018
Drugstore chain Walgreens announced that FedEx Express package pickup and drop-off services are now available at 107 of its locations in Puerto Rico, as part of the growing FedEx OnSite network.
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MCS joins ‘Casa Segura, Puerto Rico Recovery’ campaign
June 4, 2018
Insurance company MCS has joined the “Casa Segura, Puerto Rico Recovery” educational campaign, under the slogan: “Educate yourself, get ready and act."
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$41.3M Bayshore Villas mixed-income apartments open in Old San Juan
June 1, 2018
Developer McCormack Baron Salazar, in a public-partnership with the Puerto Rico Department of Housing, unveiled the new $41.3 million Bayshore Villas mixed-income apartment community in Old San Juan, near Bahía Urbana.
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FEMA has awarded nearly $219M in assistance for P.R. recovery
June 1, 2018
The Federal Emergency Management Agency has awarded nearly $219 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico, it announced.
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WEPA!BOX PUERTO RICO debuts to showcase local goods
June 1, 2018
Looking to promote the island’s economy, WEPA!BOX PUERTO RICO made its official market debut Thursday as a subscription-based service through which buyers will get a monthly package with an assortment of locally produced goods.
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OBoard says Law 80 is ‘not only problem’ with P.R.’s labor landscape
May 31, 2018
As the Puerto Rico Senate approved Bill 1011 to repeal Law 80 of 1976, with a number of amendments, the Financial Oversight and Management Board for Puerto Rico released a 2,000+ page document on labor reform, that called the long-standing mandate “part of the problem.”
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Bankers Association financially backs micro-enterprise incubators
May 30, 2018
The Puerto Rico Bankers Association announced its support for local microenterprise incubators through a financial cooperation agreement with nonprofit organization Alianza para la Incubación de Microempresas Comunitarias-Solidarias Inc.
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Rosselló presents Incentives Code bill to P.R. legislature
May 29, 2018
Puerto Rico Gov. Ricardo Rosselló submitted a new Incentives Code Bill to the island’s legislature, looking to “establish a new transparent and efficient process for the granting and overseeing of all incentives.”
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Furniture stores, gas stations stimulate P.R.’s retail sales
May 29, 2018
Puerto Rico’s retail sales for the month of January 2018 totaled $2.8 billion, representing a 6.7 percent growth when compared to the same period in 2017, when total sales were $2.6 billion.
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IEEFA Puerto Rico: PREPA’s approved budget faces 5 years of shortfalls
May 28, 2018
A budget review published by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid.
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Ookla names Liberty P.R. fastest network internet provider in ’17
May 28, 2018
Liberty Puerto Rico has received the 2017 Speedtest Award for Puerto Rico’s fastest network internet provider based on analysis by Ookla of some 1.3 million speed tests carried out by island consumers during the last six months of 2017.
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