Parallel18 Ventures to invest $225K in 3 startups
January 12, 2017
The Puerto Rico's Science, Technology and Research Trust announced Wednesday it will invest $225,000 in three startups through the recently created follow-up fund Parallel18 Ventures.
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CBP starts operations at Pazos aviation facility at LMM
January 11, 2017
U.S. Customs and Border Protection announced that Tuesday that PAZOS Fixed Base Operator Service opened a new general aviation processing facility at the Luis Munoz Marin International Airport in Carolina.
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PharmPix gets pharmacy benefit management approval
January 11, 2017
PharmPix, a local full-service Pharmacy Benefits Management (PBM) company, has again earned URAC accreditation in its field, the company announced Tuesday.
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UN: ‘Human rights cannot be sidelined” in PR crisis
January 10, 2017
The United Nations Independent Expert on foreign debt and human rights has called for fair solutions to the huge debt crisis in Puerto Rico, warning that ratcheting up austerity measures will threaten residents’ human rights and worsen the U.S. territory’s “intolerable” poverty levels.
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5th edition of P.R. Investment Summit slated for March
January 9, 2017
The Puerto Rico Investment Summit, the Caribbean’s foremost investor’s conference, will celebrate its 5th edition March 2-3, at the Puerto Rico Convention Center, organizers announced.
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Assured Guaranty pays $42M to insured PR bondholders
January 5, 2017
Two bond insurance subsidiaries of Assured Guaranty Ltd., together with its subsidiaries, Assured Guaranty, have made interest payments to holders of insured General Obligation and other bonds after Puerto Rico and certain of its agencies failed to pay on Jan. 3.
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P.R. manufacturing index drops to 49.1 in November ’16
January 5, 2017
On a non-seasonally adjusted basis (NSA), the Purchasing Managers Index for Puerto Rico’s manufacturing sector edged down to 49.1 in November, suggesting a contraction in the sector with respect to the previous month.
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P.R. Econ. Dev. Chief sets off administrative measures
January 4, 2017
Puerto Rico Economic Development and Commerce Department Secretary-designate Manuel Laboy-Rivera said Tuesday given the island’s fiscal crisis, he has already begun implementing the economic measures set forth by Gov. Ricardo Rosselló this week.
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DCDB Group to offer enhanced services to P.R. banks
December 29, 2016
DCDB Group, a global financial services consultancy firm, and Elevation, the consulting arm of NACHA–The Electronic Payments Association, administrator of the U.S. ACH Network, have formed a strategic partnership.
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PREPA makes $192.5M January bond interest payment
December 28, 2016
The Puerto Rico Electric Power Authority announced Wednesday the payment of $192.5 million in interest on its power revenue bonds due on Jan. 1, 2017.
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Novus shoe retailer opens 1st store in South Florida
December 28, 2016
Puerto Rican shoe retailer Novus Inc. announced the opening of its first store in the U.S. mainland, located in the Pembroke Lakes Mall, one of the most visited shopping centers in Broward Country and centrally located between Miami and Palm Beach, Florida.
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Zapping Zika: P.R. Tourism Co. optimistic for ’17
December 27, 2016
Experiencing a 96 percent reduction in the number of new Zika cases since the peak in October 2016, the Puerto Rico Tourism Company expressed optimism recently heading into 2017.
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Salvatore Ferragamo opens store at The Mall of San Juan
December 23, 2016
Italian luxury fashion house Salvatore Ferragamo is opening a boutique in The Mall of San Juan, store officials announced Thursday.
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Liberty to air SJ Children’s Choir Christmas concert
December 23, 2016
Liberty Puerto Rico, along with the Puerto Rico Public Broadcasting Corporation (WIPR), will broadcast the annual San Juan Children’s Choir Christmas concert on Dec. 24, 31 and Jan. 5 through CableVision (Ch. 10/Ch. 210 HD.)
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El San Juan Hotel to reopen in Feb. ’17, joins Curio brand
December 22, 2016
El San Juan Hotel executives announced Wednesday that the iconic property will open its doors as part of Curio – A Collection by Hilton to travelers and locals on Feb. 5th, 2017.
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