S&P: Puerto Rico debt moratorium could lead to default
April 7, 2016
Standard & Poor's Ratings Services said Wednesday the legislation enacted giving Puerto Rico Gov. Alejandro García-Padilla the power to suspend debt service payments would lead to a further credit downgrade, to “default” status.
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SBA to deliver ‘Boots to Business: Reboot in San Juan’
April 7, 2016
The U.S. Small Business Administration (SBA) Puerto Rico and the U.S. Virgin Islands district office will host on April 20-21 the entrepreneurship training course for veterans known as “Boots to Business: Reboot in San Juan.”
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Ag-Biotech Industry, UPR partner to benefit agronomists
April 6, 2016
As Puerto Rico finds itself in the midst of furthering its role in the knowledge economy on a large scale, the Puerto Rico Agricultural Biotechnology Industry Association (PRABIA) and the Mayagüez campus of the University of Puerto Rico signed Tuesday a collaboration agreement that will benefit the agronomists that graduate each year.
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Bondholders sue GDB to stop ‘preferential transfers’
April 5, 2016
A group of holders of outstanding bonds of the Government Development Bank for Puerto Rico filed a complaint in the U.S. District Court for the District of Puerto Rico Monday seeking to enjoin certain transfers of assets by GDB they claim are prohibited under Puerto Rico law.
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3rd edition of I-Corps P.R. kicks off at UPR-Mayagüez
April 5, 2016
With 16 participating teams of innovators and entrepreneurs, the third edition of I-Corps Puerto Rico program kicked off this past weekend at the University of Puerto Rico’s Mayagüez campus.
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Liberty rebrands Choice’s operations to blanket island
April 5, 2016
Nine months after Liberty Puerto Rico picked up the assets of Choice Cable TV, the telecommunications company announced that effective today, both companies will operate as Liberty islandwide.
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USDA opens call for $5.8M in grants for rural co-op’s
April 5, 2016
Agricultural Under Secretary Lisa Mensah announced Monday that $5.8 million nationwide in competitive funding is available to help start, improve or expand cooperative businesses in rural areas.
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Op-Ed: Knowing the risks of pesticide poisonings
April 4, 2016
One year ago, a family on vacation on St. John in the U.S. Virgin Islands was poisoned by methyl bromide, a harmful pesticide that was illegally applied below their rental condo.
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JinkoSolar supplies modules for P.R.’s largest solar plant
April 4, 2016
JinkoSolar Holding Co., Ltd., a global player in the solar photovoltaic industry, announced that it will supply METKA-EGN USA, LLC with 57.65 MW of PV solar modules for the largest facility of its kind in Puerto Rico.
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Luminaria Project to benefit Casa Cuna de San Juan
April 1, 2016
The 2016 World Candles Congress & Suppliers Trade Show, jointly sponsored by the National Candle Association and the Latin American Candle Manufacturers Association announced the upcoming Luminaria Project, which will support Casa Cuna de San Juan, an organization that provides safe refuge and a transitional home for abandoned children.
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COFINA creditors: Draft bill positive step for P.R. upturn
March 31, 2016
The senior creditors of the Puerto Rico Sales Tax Financing Corporation, known as COFINA, said Wednesday the draft of the Puerto Rico Oversight, Management, and Economic Stability Act lays “the groundwork for a pragmatic, workable policy solution…aimed at addressing Puerto Rico's economic crisis.”
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Popular Community Bank expands high tech experience
March 31, 2016
Popular Community Bank, a subsidiary of Popular Inc., announced Wednesday the expansion of its high tech branches with the opening of the 285 Madison Avenue location in New York City.
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Crowley sets LNG engine in new maritime cargo ship
March 30, 2016
Crowley Maritime Corporation recently set the main engine onto El Coquí, the first of two new, “Commitment Class ConRo” (combination container and Roll/On-Roll/Off) ships that will be powered by liquefied natural gas for use in Jacksonville-to-Puerto Rico ocean cargo trade on 2017, the company announced Tuesday.
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Deadline extended to April 1 for Singularity competition
March 29, 2016
The Puerto Rico Science, Technology and Research Trust announced Monday it has extended until April 1st the call-for-entries for innovators to participate in the local edition of the Singularity University Global Impact Competition.
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PuraCap Pharma buys Blu Pharmaceuticals, Blu Caribe
March 29, 2016
New Jersey-based PuraCap Pharmaceutical LLC recently announced the acquisition of Blu Pharmaceutical LLC and Blu Caribe Inc., creating PuraCap International LLC, a joint venture between PuraCap and Dangdai International Group Co., Ltd.
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