EVERTEC reports $97.7M in 2Q16 revenue
July 29, 2016
EVERTEC Inc. announced results for its second quarter ended June 30, 2016 Thursday, reporting a 5 percent growth in revenue to $97.7 million, compared with $93.4 million in the prior year.
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Treasury reports 2% YOY revenue collection increase
July 29, 2016
The Puerto Rico Treasury Department collected some $9.1 billion in revenue for the General Fund during Fiscal 2016, exceeding Fiscal 2015 numbers by $214.4 million or 2.4 percent, agency Secretary Juan Zaragoza-Gómez said.
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AGC announces 43rd annual convention Aug. 25-28
July 27, 2016
The Puerto Rico Chapter of the Associated General Contractors of America Chapter (AGC-PR) will host its 43rd annual convention and Expo Construcción at the Wyndham Hotel in Rio Mar Aug. 25-28, the trade group announced.
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USDA to fund creation of biofuels, biobased products
July 27, 2016
U.S. Agriculture Secretary Tom Vilsack announced Tuesday that the agency is accepting applications for funding to help support the development of advanced biofuels, renewable chemicals and bio based products.
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PR Business Link launches ‘Tax Incentive Calculator’
July 26, 2016
PR Business Link, an organization that caters to recipients of government incentives through Acts 20/22, on Monday launched a new “Tax Incentive Calculator,” an online tool to help entice new investors and businesses to Puerto Rico, which will bring new and increased business to local companies.
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SBA launches online tutorials on federal R&D funding
July 26, 2016
The U.S. Small Business Administration has released its Small Business Innovation Research online tutorials to help small businesses navigate the SBIR program, the agency announced.
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14 projects split $2.1M in P.R. Science Trust grants
July 22, 2016
The research for new diagnostic methods and therapy for endometriosis, the development of genetic tools to assist in the preservation of the bees and new methods to mitigate problems of coastal erosion are some of the projects of the new group of Grantees of the Science & Technology Grants Program, of the Puerto Rico Science, Technology & Research Trust.
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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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