Op-Ed: Puerto Rico needs a financial control board
October 27, 2014
A renewed slide in investor confidence, on the heels of worsening economic and budgetary trends in Puerto Rico, raises the specter that in the absence of enlightened political leadership in San Juan, the U.S. Congress may soon have to establish a federal oversight board to manage the Commonwealth’s grave fiscal situation.
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‘I love Puerto Rico tomatoes’ campaign takes SME win
October 27, 2014
Integrated communications campaign “I Love Puerto Rico Tomatoes” promoting the local tomato harvest for 2014, received top awards by the Puerto Rico Sales and Marketing Association during the recently held annual Marketing Excellence Awards Summit.
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Popular Inc.’s 3Q net income drops 72% year-over-year
October 23, 2014
Popular Inc. reported Wednesday net income of $62.6 million for the third quarter ended Sept. 30, which represents a 72 percent drop when compared to the $229.1 million reported for the same year-ago period.
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OPEN Puerto Rico gets donation from executive Prouty
October 23, 2014
OPEN Puerto Rico received what it called “a strong vote of confidence” this week from Nicholas Prouty, CEO of Putnam Bridge Funding LLC, who made an undisclosed donation to help the organization continue its efforts to facilitate and promote transparency in Puerto Rico.
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Infiniti sponsors ‘World Stars of Classical Ballet Gala’
October 23, 2014
Luxury automaker Infiniti recently sponsored the presentation of the World Stars of Classical Ballet Gala at the Luis A. Ferré Fine Arts Center in Santurce.
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Mercedes-Benz unveils new C-Class 2015 models
October 23, 2014
Mercedes-Benz this week unveiled two C-Class models: C300 4MATIC and the and a C400 4MATIC for the Puerto Rico market, which are currently on display as part of the Puerto Rico International Auto Show at the Plaza las Américas mall in Hato Rey.
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Hyatt breaks ground on 4th hotel in Puerto Rico
October 22, 2014
Hyatt Hotels Corp., PRISA Group and McConnell Valdés Consulting broke ground Tuesday on Puerto Rico’s fourth Hyatt-branded select service hotel, the $29.7 million Hyatt Place San Juan.
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GDB, Treasury provide liquidity, cash flow updates
October 20, 2014
As part of its initiative to enhance public disclosure, the Government Development Bank for Puerto Rico recently provided a “special liquidity update,” while the Treasury Department posted a Commonwealth General Fund cash flow projection for Fiscal 2015.
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Doral employees urge to gov’t to end fight, spare jobs
October 17, 2014
A group of Doral Bank employees held a news conference Thursday, urging Gov. Alejandro García-Padilla to stop the government’s “attack” on their workplace, and “save their jobs.”
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Liberty Puerto Rico launches ‘Liberty Everywhere’
October 16, 2014
Liberty Puerto Rico recently launched its newest product, “Liberty Everywhere,” through which it vows to “transform the ways in which its customers access and use video content.”
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Bahía Beach Resort selects Claro as telecom provider
October 16, 2014
Telecommuncations company Claro Puerto Rico and the St. Regis Bahía Beach Resort and Golf Club announced an agreement by which the former will provide the residents of Bahía Beach its television and fiber optic broadband services with speeds of up to 150 Megas for Internet service.
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Gov. signs bill to spur development of creative industries
October 15, 2014
Puerto Rico Gov. Alejandro García-Padilla signed Tuesday Senate Bill 655, which establishes public policy for promoting and giving stimulus to creative industries, conceives the Creative Industries Advisory Board and assigns $1 million to Puerto Rico Trade and Export to oversee those tasks.
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PR MBDA receives $100K for aerospace industry training
October 15, 2014
The Puerto Rico Minority Business Development Agency Center, a nonprofit run by the Puerto Rico Products Association, received funding from the U.S. Department of Commerce to establish a technical assistance program to help minority companies join the aerospace industry supply chain.
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Puerto Rico strongly represented in IMEX America show
October 14, 2014
Starting today, a delegation of Puerto Rico’s tourism industry, led by Meet Puerto Rico, will participate in the fourth edition of IMEX America, the largest tradeshow for the international meetings, events and incentive travel industry in the U.S., held in Las Vegas, Nevada.
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García-Padilla stresses value of industrial diversity
October 8, 2014
Gov. Alejandro García-Padilla stressed Tuesday the importance of the development of the aircraft maintenance, repair and reconditioning center by Lufthansa Technick in Aguadilla as the “axis of a new industry that will consolidate the ongoing diversification of the island’s economy.”
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