AGC hosts construction industry biz matchmaking event
June 30, 2016
The Associated General Contractors of America, Puerto Rico Chapter, recently held the third edition of its Business Match Making to connect general contractors with suppliers of products and services related to the construction industry, including sub-contractors.
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Moody’s: New surcharge ‘positive’ for PREPA creditors
June 28, 2016
Moody’s Investors Service said Monday the new surcharge on customers’ electricity bills approved last week by the Puerto Rico Energy Commission to be used to pay debt service on new securitization bonds to be issued as part of the Puerto Rico Electric Power Authority’s debt restructuring is positive for creditors.
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Sacred Heart Univ. gets $40K contribution from AT&T
June 28, 2016
Sacred Heart University announced it has received a $40,000 contribution from AT&T to support 39 undergraduate scholarships.
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WOSO founder Augie Cavallaro, II, dies at 85
June 24, 2016
Augustine "Augie" L. Cavallaro II, founder of WOSO Radio in San Juan, died on June 11, 2016 in West Palm Beach, Florida after a long battle with cancer. He was 85.
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Public health program kicks off to respond to fiscal crisis
June 23, 2016
This week marked the start of the “Advancing Public Health Leadership in Times of Crisis Program,” which will be conducted through the summer to equip public health leaders with tools respond to Puerto Rico’s on-going fiscal, economic and social crisis, organizers said.
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CBP inaugurates new $10M Aguadilla aircraft facilities
June 23, 2016
U.S. Customs and Border Protection Air and Marine Operations inaugurated Wednesday its new $10 million aircraft hangar and support facilities at the Rafael Hernández International Airport in Aguadilla.
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WorldNet Signs with Blue Coat Inc. for cloud security
June 23, 2016
Blue Coat Systems Inc., a provider of advanced web security solutions for global enterprises and governments, announced Wednesday it has signed an agreement with telecommunications provider WorldNet to offer customized cloud security service to the island’s business sector.
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Builders Assoc., Guayacán join to establish scholarship
June 23, 2016
The Puerto Rico Builders Association and Grupo Guayacán Inc. recently joined forces to establish a scholarship program for the trade group’s members through the Guayacán Fellowships Program.
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P.R. gov’t, creditor talks break off despite trading offers
June 22, 2016
Following the Puerto Rico government’s confirmation Tuesday that negotiations with Rico Sales Tax Financing Corporation (known as COFINA) and General Obligation bondholders had broken off, both creditor groups went public to defend their positions on the ongoing talks.
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P.R. picked for MIT-backed social programs initiative
June 22, 2016
The Abdul Latif Jameel Poverty Action Lab (J-PAL) North America, a research center at MIT, announced Tuesday that Puerto Rico is among five state and local governments that have been selected to participate in the J-PAL State and Local Innovation Initiative.
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700K+ children, youth live in high-poverty areas in P.R.
June 22, 2016
Children and youth in Puerto Rico continue to live in families facing enormous economic challenges, with some 84 percent residing in areas of extreme poverty and the parents of more than half lacking full-time, year-round employment.
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Insurer ASC launches new 100% online claim service
June 22, 2016
ASC, a Puerto Rico-based insurance company dedicated exclusively to providing compulsory liability insurance for vehicles, announced Tuesday a new service enabling customers to initiate and complete, completely online, the process of submitting a claim, as well as receive payment for the damage the same day of filing a claim.
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P.R. to showcase tax incentives in June 29 NY conference
June 22, 2016
A trio of Puerto Rico-based, private-sector companies will be hosting the “Puerto Rico Tax Incentive Conference” in New York on June 29, to showcase the tax incentives and competitive advantages that make the island “an ideal investment destination.”
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GO bondholders sue P.R. over debt avoidance legislation
June 21, 2016
Certain entities owning Puerto Rico's General Obligation bonds filed a suit in the U.S. District Court for the Southern District of New York today, seeking to invalidate the Emergency Moratorium and Financial Rehabilitation Act enacted by the Commonwealth to delay the repayment of debts.
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General Contractors blast Senate for pulling PRASA bill
June 21, 2016
The Associated General Contractors of America, Puerto Rico Chapter (AGC-PR) on Monday blasted Senate President Eduardo Bhatia for withdrawing the Puerto Rico Aqueduct Authority Revitalization Act, saying holding off on its approval “is an attack on the island’s welfare and the future of the construction industry.”
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