Op-Ed: OBoard is telling us to ‘Do as I say…not as I do’
August 3, 2017
We all learned this week, with considerable shock, that the Financial Oversight and Management Board for Puerto Rico has spent, during the course of just 10 months, the incomprehensible sum of $31 million out of our sad pockets.
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THL, Oaktree launch sale of 20M FirstBank shares
August 3, 2017
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Wednesday that certain stockholders have commenced a public underwritten offering of an aggregate of 20 million shares of the corporation’s common stock, $0.10 par value per share that they currently own.
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Consultiva Internacional lands ‘Business Excellence’ nod
August 3, 2017
British-based business magazine “Corporate Insider” has awarded Consultiva Internacional Inc. its “Business Excellence” recognition and named the firm Puerto Rico’s best Investment Advisory Firm for 2017.
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Evertec reports $103.5M in 2Q17 revenue, up 6% YOY
August 2, 2017
Evertec Inc. announced Tuesday results for the second quarter ended June 30, 2017, which put total revenue for the quarter at $103.5 million, an increase of 6 percent compared with $97.7 million in the prior year.
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USVI becomes 1st US territory to join FirstNet network
August 2, 2017
The U.S. Virgin Islands on Tuesday became the first U.S. territory to “opt-in” to the FirstNet network, following Gov. Kenneth Mapp’s decision to accept the FirstNet and AT&T plan to deliver a wireless broadband network to the territory’s public safety community, helping first responders save lives and protect communities, the carrier announced.
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Guayacán to host workshop on innovation strategies
August 2, 2017
Grupo Guayacán Inc. will host a special workshop entitled “Innovation Strategies: Tools for Today’s and Tomorrow’s Entrepreneurs,” by Robert “Bob” Dávila, Aug. 11, from 9 a.m. to 5 p.m.
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Science Trust backs changes to bill addressing its future
August 1, 2017
The Puerto Rico Science and Technology and Research Trust on Monday expressed its support of the amendments agreed to related to House Bill 1122, saying they include the input of the entity’s trustees and support its mission.
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Former Arecibo battery smelter added to Superfund list
August 1, 2017
The U.S. Environmental Protection Agency announced it has added a former battery recycling facility in Arecibo to its Superfund National Priorities List of the country’s most hazardous waste sites.
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‘Hecho en Puerto Rico: La Tienda’ headed to Mayagüez
August 1, 2017
Following the success of the first two editions in San Juan last year, and to reach the population of the western area who have asked for the chance to visit a single location housing local products and services, the Puerto Rico Products Association will set up its “Hecho en Puerto Rico: La Tienda” concept at the Mayagüez Mall, on Sept. 14-24.
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First BanCorp reports $28M in net income for 2Q17
July 31, 2017
First BanCorp. reported net income of $28 million for the second quarter of 2017, or $0.13 per diluted share, compared to $25.5 million, or $0.11 per diluted share, for the first quarter of 2017 and $22 million, or $0.10 per diluted share, for the second quarter of 2016.
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PR’s 1Q17 retail statistics out under new methodology
July 31, 2017
Puerto Rico Trade and Export released the island’s most recent set of retail sales figures for the first quarter of 2017, generated using a new methodology announced earlier this year.
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Rosselló names Commissioner of Financial Institutions
July 28, 2017
Gov. Ricardo Rosselló announced Thursday the appointment of George R. Joyner as head of the Office of the Financial Institutions Commissioner, known as OCIF in Spanish.
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Abarca Health, Biogen ally on multiple sclerosis coverage
July 28, 2017
Abarca Health, a pharmacy benefit management and technology company that serves more than 2 million people across the U.S., has signed a value-based reimbursement contract with Biogen Inc. for select products in its multiple sclerosis portfolio.
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Bankers Assoc. concerned over possible work hour cuts
July 28, 2017
The Puerto Rico Bankers Association expressed concern Thursday over the possibility of a reduction in working hours for public servants, saying it would deliver a blow to the economy.
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TRB urges citizens to report metals theft
July 28, 2017
The Puerto Rico Telecommunications Regulatory Board is going after those who steal metals, a problem that is on the rise, agency President Sandra Torres said Thursday following an inspection of a home in San Sebastián used as an illegal metals collections center.
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