P.R.’s Comprehensive Cancer Center nears completion
July 21, 2016
The construction of the University of Puerto Rico’s Comprehensive Cancer Center Hospital is nearing the home stretch, with more than 85 percent of it already completed and a target end date of October.
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Plaza Provision installs 4th energy saving storage system
July 21, 2016
Plaza Provision Company, a food distributor in Puerto Rico, has purchased its fourth Thermal Energy Storage system from Viking Cold Solutions, and where installed, has reduced energy consumption by more than 30 percent, executives said Wednesday.
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Banco Popular North America launches ‘Popular Direct’
July 20, 2016
Banco Popular North America, a subsidiary of Popular Inc., announced Tuesday the launch of Popular Direct, a national online banking platform that offers competitively priced Certificates of Deposits and a savings account.
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Medical cannabis regulation changes create new picture
July 19, 2016
The new regulations for medical cannabis recently adopted by the Puerto Rico Department of Health set more flexible ownership requirements for all cannabis establishments, create new licenses for cannabis transportation, storage and distribution while opening new opportunities for the growing medical tourism sector.
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Fitch: P.R. bank ratings reflect Commonwealth’s woes
July 19, 2016
Following the Commonwealth of Puerto Rico's default, ratings for the island's two main banks, Popular (BPOP) and First BanCorp (FBP), will not be immediately affected, according to Fitch Ratings.
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Delta, Seaborne codeshare for travel to U.S., Caribbean
July 19, 2016
Delta Air Lines and Seaborne Airlines announced Monday a codeshare agreement that will provide customers from both airlines with increased travel options to and from the United States and Caribbean.
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3 P.R. co.’s busted for falsely declaring small biz status
July 18, 2016
Constructora Santiago II, Corp., Centro Cardiovascular and Hospital Del Maestro have agreed to pay $132,000, collectively, to the United States to resolve allegations that each falsely certified to the Nuclear Regulatory Commission that it was a small business entity to pay reduced nuclear material handling fees.
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Puma Energy Global picks DDB Latina P.R. for ad push
July 18, 2016
Puma Energy Global announced that communications agency DDB Latina Puerto Rico has been appointed to design and execute a global marketing campaign to reposition its lubricants as "The New Standard" in the market.
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Molinos de Puerto Rico nabs top MIDA award
July 18, 2016
Molinos de Puerto Rico, the Caribbean arm of Ardent Mills', the flour-milling and ingredient company, was honored in June with the “Manufacturing Company of the Year” award from the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
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Pierluisi tapped for Congressional task force on P.R.
July 15, 2016
U.S. House Democratic Leader Nancy Pelosi has appointed Puerto Rico Resident Commissioner Pedro Pierluisi to the “Congressional Task Force on Economic Growth in Puerto Rico,” which was established by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).
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A.M. Best affirms ratings of MAPFRE PRAICO group
July 15, 2016
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating of “a” for San Juan-based MAPFRE PRAICO Insurance Company and an affiliate, MAPFRE Pan American Insurance Company, collectively known as the MAPFRE PRAICO Group (MPG). The outlook for each rating is stable.
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FirstBank employees create Spotify playlist for clients
July 15, 2016
FirstBank recently launched its profile on the Spotify digital platform that includes two playlists— “Get Together Bank” and “Relax Bank” — created by bank staff for customers as part of the “Experiences” brand campaign.
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GREY P.R. launches ‘Shopper Marketing’ business unit
July 14, 2016
GREY Puerto Rico just launched GREY Shopper, a specialized business unit for Shopper Marketing, a practice that focuses on developing experiences to bring brands and shoppers together.
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S&P cuts PRASA’s revenue bonds ratings to ‘CC’ and ‘D’
July 13, 2016
S&P Global Ratings lowered its ratings on the Puerto Rico Aqueduct & Sewer Authority's series 2008 and 2012 senior-lien revenue bonds two notches to 'CC' from 'CCC-'. The outlook is negative.
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Smartphone-addicted moms face child-rearing issues
July 13, 2016
The mobile phone has become an indispensable tool that today’s mothers use to stay connected to the world.
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