OFG Bancorp sells PREPA credit line for $124M
September 21, 2016
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
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Bayer inaugurates 2 development stations in Puerto Rico
September 21, 2016
Life sciences giant Bayer inaugurated Tuesday two research and development facilities in Guánica and Sábana Grande, as part of an ongoing effort to contribute to the field of crop science, one of the company’s main business lines since it was established on the island 13 years ago.
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Customs ‘Global Entry’ to be offered in St. Thomas Oct. 14
September 21, 2016
U.S. Customs and Border Protection (CBP) announced Tuesday the availability of the mobile Global Entry enrollment center at the Cyril E. King Airport on Oct. 14.
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A.M. Best affirms B++ rating for Multinational Life
September 20, 2016
Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance industry, has affirmed the insurer’s B++ rating and revised the company’s “Long Term Issuer” credit rating from stable to positive.
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Op-Ed: What we can do for ourselves to boost economy?
September 20, 2016
Everybody is “waiting” for the Fiscal Control Board in hopes that it will “give” us something. It remains to be seen which programs they would implement, etc. But why can’t we do something for ourselves?
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SBA opens call for ’17 Nat’l Small Business Week nods
September 20, 2016
The U.S. Small Business Administration announced Monday it is now accepting nominations for its 2017 National Small Business Week Awards, including the annual Small Business Person of the Year.
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J.B. Hunt Transport, Trailer Bridge to offer joint services
September 19, 2016
Trailer Bridge Inc., based in Jacksonville, FL, recently announced an exclusive joint service offering with J.B. Hunt Transport Inc., based in Lowell, AR to provide customers with access to an unlimited container base throughout the United States and Puerto Rico.
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Op-Ed: HackPR ’16 stages next-generation innovation
September 19, 2016
Wovenware is very excited to be sponsoring and attending HackPR 2016 next weekend — Puerto Rico’s largest student hackathon.
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Cervecera de Puerto Rico picks DDB Latina Puerto Rico
September 19, 2016
Cervecera de Puerto Rico announced the selection of advertising and integrated communications agency DDB Latina Puerto Rico for its main brand, the Medalla Light beer.
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Treasury: Aug. revenue 1.9% above estimates at $550M
September 16, 2016
General Fund net revenues in August totaled $550 million, $10.3 million, or 1.9 percent, above estimates, Treasury Secretary Juan Zaragoza-Gómez said Thursday.
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John Dixon & Assoc. sells $3.6M in P.R. real estate
September 16, 2016
Atlanta-based John Dixon & Associates, which recently took on the challenge of selling off a portfolio for a United States-based equity fund, sold $3.6 million in properties in Puerto Rico via auction, the company confirmed Thursday.
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DHL, United Airlines expand services in San Juan
September 16, 2016
United Airlines and DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, announced Thursday several significant growth and expansion initiatives in Puerto Rico.
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Liberty opens new Plaza del Sol customer service center
September 16, 2016
Liberty Puerto Rico inaugurated Thursday its new Customer Service Center at Plaza del Sol Shopping Center in Bayamón to provide more convenience and efficiency to customers in the Bayamón area, the company announced.
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DDR donates school supplies to Boys & Girls Club
September 16, 2016
Some 2,500 school supplies were delivered by DDR Puerto Rico to the Boys & Girls Club of Puerto Rico, an entity that provides services to children ages 6 to 18 years old for their academic leadership development and recreation.
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San Juan among Expedia’s sought-after Caribbean spots
September 15, 2016
The Expedia group, one of the world’s leading travel companies, reported Wednesday that travel demand to certain Caribbean destinations has continued to increase on Expedia group sites.
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