EVERTEC announces organizational changes at helm
August 21, 2015
San Juan-based, full-service transaction processing company EVERTEC Inc. announced Thursday key organizational changes in its leadership team.
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Empresas Fonalledas buys Starbucks licensing rights
August 20, 2015
Starbucks Coffee Company and Baristas Del Caribe, LLC, an affiliate of Empresas Fonalledas, a family-owned Puerto Rican group of companies, announced Wednesday that Baristas Del Caribe has acquired exclusive rights to operate Starbucks 19 stores in Puerto Rico.
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Hotels get P.R. Medical Tourism program certifications
August 20, 2015
Puerto Rico Medical Tourism Corporation and Florida-based Medical Tourism Association announced Wednesday the Caribe Hilton and the Condado Plaza Hilton are the island’s first hotels to be certified after the training and inspection process under the Medical Tourism Program.
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FirstBank’s ‘Duplica tu Balance’ promotion takes off
August 20, 2015
FirstBank’s latest campaign, dubbed “Duplica tu Balance” (“Double your balance”) takes off today, offering customers an automatic entry to the draw of two partial awards of $5,000 and of a grand prize of up to $50,000 with each transaction registered on their personal deposit accounts through Nov. 20, 2015.
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SBA announces funding package to spur P.R. economy
August 18, 2015
U.S. Small Business Administration head María Contreras-Sweet was in Puerto Rico Monday to announced a series of initiatives to spur the island’s economy and create jobs.
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Open Mobile, Assurant Solutions team on device trade-in
August 18, 2015
Open Mobile, one of several mobile network operators in Puerto Rico, is partnering with Assurant Solutions on a trade-in program that enables customers purchasing a new mobile phone to get instant credit for their old one.
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Treasury collects $626.5M in July, fueled by SUT revenue
August 17, 2015
The Puerto Rico Treasury Department announced Friday that General Fund net revenues totaled $626.5 million in July 2015 — the first month of Fiscal 2016 — representing a $2.3 million increase when compared to July 2014.
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San Juan passport agency reopens to public Aug. 17
August 14, 2015
The San Juan Passport Agency will reopen to the public for U.S. passport services beginning Aug. 17, 2015, at the Minillas Government Center, agency officials announced Thursday.
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A.M. Best: P.R.’s insurance sector hit by debt crisis
August 11, 2015
Although most insurance carriers in Puerto Rico maintain sufficient capital to support lower bond ratings given their adequate capital positions and manageable exposures to the Puerto Rico municipal bond market, there will be circumstances where rating actions may have to be taken, ratings agency A.M. Best said.
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Op-Ed: Inclusive capitalism, the pathway to action
August 10, 2015
Financial inclusion is one action that can move a population out of poverty while driving economic growth that’s more inclusive, sustainable and fair.
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P.R. gets nearly $14M in federal funds for projects
August 10, 2015
The Federal Emergency Management Agency is allocating $10.1 million to Puerto Rico under four separate grant programs.
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Bondholders demand that gov’t pay $58M PFC debt
August 7, 2015
OppenheimerFunds and Franklin Advisers, which represent Public Finance Corporation bondholders, sent a letter to Puerto Rico government officials demanding that they take “all necessary actions” to make the $58 million payment missed this week.
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Investment analyst trade group inducts 2 P.R. members
August 7, 2015
The Chartered Alternative Investment Analyst Association inducted its first two members from Puerto Rico this week during an event led by the organization’s CEO, William Kelly.
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Science Trust, Guayacán, Ga. Tech extend boot camp
August 3, 2015
The Puerto Rico Science, Technology & Research Trust has partnered with Grupo Guayacán, Inc. to extend its joint I-Corps Puerto Rico program — a customer discovery boot camp for entrepreneurs looking to build and develop scalable business models — during fiscal year 2016.
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Island company to test new tech to detect tuberculosis
July 31, 2015
Puerto Rican company Caribbean Biotechnologies Inc. was recently granted approval by the Ministry of Health of Haiti to conduct clinical studies to test its new technology for the instantaneous detection of Tuberculosis in patients, in partnership with International Child Care's Grace Children's Hospital in Port-Au-Prince, Haiti.
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