Science Trust has aided 100 researchers, awarded $6M
July 6, 2017
Since 2015, the Puerto Rico Science, Technology and Research Trust has assisted more than 100 local researchers with its Research Grants Program, which has awarded close to $6 million in grants for projects in science and technology, institution officials said Wednesday.
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Triple-S agrees to extend Medicaid contract to Sept. 30
July 6, 2017
Triple-S Management Corporation announced Wednesday its subsidiary, Triple-S Salud Inc., has agreed to extend its contract with the Puerto Rico Health Insurance Administration for the provision of health services in the Metro North and West regions of the government's health insurance program, to Sept. 30, 2017.
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Op-Ed: PR in for ‘rude awakening’ opting for bankruptcy
July 6, 2017
If Puerto Rico thinks bankruptcy is a better solution, they have a rude awakening coming. One should look no further than the Puerto Rico Electric Power Authority’s (PREPA) pending bankruptcy.
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El Mesón Sandwiches grants $43K in scholarships
July 6, 2017
Some 54 students from the University of Puerto Rico system received the El Mesón Sandwiches Scholarship, awarded by the Puerto Rican food chain to support university students with limited financial resources and high academic achievement.
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J.C. Flowers completes acquisition of Island Finance
July 5, 2017
Funds advised by J.C. Flowers & Co. LLC and affiliates announced the closing of the acquisition of the personal loan and sale finance loan assets comprising the Island Finance business, which includes the employees and branches, from Santander Financial Services Inc.
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EPA solves dispute with Fajardo’s Marina Puerto del Rey
July 5, 2017
The U.S. Environmental Protection Agency has reached an agreement with Marina PDR Operations, LLC, resolving its alleged failure to apply for and obtain coverage under the 2008 National Pollutant Discharge Elimination System (NPDES) Multi-Sector General Permit for its discharges of stormwater runoff from the Marina Puerto Del Rey into the Caribbean Sea.
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Evertec closes acquisition of Chilean co. PayGroup
July 5, 2017
Evertec Inc. announced the completion of its acquisition of EFT Group S.A., commercially known as PayGroup.
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PREPA officially under Title III protection
July 3, 2017
Gov. Ricardo Rosselló on Sunday asked the Fiscal Oversight and Management Board for Puerto Rico to certify the filing of a petition for Puerto Rico Electric Power Authority to enter into Title III, to adjusts its debts to a sustainable level under court supervision.
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‘Caguas Compite’ graduates 51 new entrepreneurs
July 3, 2017
The sixth edition of the “Caguas Compite” business training program — an incubator and mentorship project for micro-entrepreneurs — closed with a total of 51 people trained, 12 businesses in operation, about 20 new jobs and $1.2 million in projected sales in the first year.
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Op-Ed: Clinical research spurring world-class activity
July 3, 2017
The Puerto Rico Consortium for Clinical Investigation, a nonprofit collaborative of 22 research centers across Puerto Rico, is an initiative created by the Puerto Rico Science Trust to fulfill a critical mission.
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FHLBNY opens nominations for 5 director seats
July 3, 2017
The Federal Home Loan Bank of New York is seeking nominations for candidates to serve on its Board for terms starting Jan. 1, 2018, the agency announced in a letter sent to its members.
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Community pharmas to hold annual convention July 6-9
July 3, 2017
The Puerto Rico Community Pharmacy Association will celebrate its 33rd convention from July 6-9, when they will discuss the challenges facing community pharmacies while they continue making the necessary adjustments to move forward.
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Study: Parallel18 startups top $13M in sales, create jobs
June 30, 2017
Parallel18, the global business accelerator that has been operating since 2015 as part of the Puerto Rico Science, Technology and Research Trust, released a study confirming that the 60 companies participating of the first two editions of its program generated more than $13.9 million in sales.
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Tourism: Cruise passenger arrivals up 47% YOY in May
June 30, 2017
Record highs were recorded in total cruise ship passenger traffic in May, with 95,139 visitors arriving, representing a 47 percent jump from the 64,632 passengers reported in May 2016, Tourism Co. Executive Director José Izquierdo said.
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2 hotels receive TripAdvisor certificates of excellence
June 30, 2017
Hix Island House in Vieques and Combate Beach Resort in Cabo Rojo each received a a TripAdvisor Certificate of Excellence in response to outstanding traveller reviews over the past year.
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