ALPFA gathers young professionals in networking event
May 6, 2014
Nonprofit Association of Latino Professionals in Finance & Accounting, or ALPFA, recently hosted a meet-and-greet networking event gathering more than 100 young business professionals from different organizations and colleges looking to form alliances to strengthen Puerto Rico’s economy and education through collaborations, initiatives and creative solutions that pursue positive results.
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USDA opens funding call for energy efficiency projects
May 6, 2014
The U.S. Department of Agriculture is seeking applications from rural small businesses and agricultural producers for funding to make energy efficiency improvements or to install renewable energy systems, both on the U.S. mainland and Puerto Rico.
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SBA, CIAPR hosting gov’t contracting matchmaking event
May 5, 2014
The U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors (CIAPR by its Spanish acronym) will conduct on Tuesday their 10th annual “Business Matchmaking Event” to pair small firms with federal government agencies seeking vendors.
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Waste Management Puerto Rico gets new owner
May 2, 2014
A new ownership team led by Post Capital Partners and 30-year waste management industry veteran Randy Jensen has acquired the solid waste operations of Waste Management Inc. in Puerto Rico, for an undisclosed amount.
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Badillo wins big at FIAP competition for 2nd year in a row
April 30, 2014
Badillo Saatchi & Saatchi obtained eight Sun awards — one Gold, four Silver and three Bronze — at FIAP 2014, becoming the top winner from Puerto Rico for the second consecutive year at this festival and the second in Ibero America in radio.
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NIMB joins Dow Jones international news service
April 29, 2014
News is my Business, Puerto Rico’s first English-language digital business newspaper, recently became part of the Dow Jones & Company international news service, putting the world’s focus on the island’s economic landscape.
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OFG reports $20.3M in 1Q14 earnings, up $2.6M YOY
April 29, 2014
Oriental Financial Group reported Monday earnings of $20.3 million for the first quarter of the year, representing $0.42 per share diluted, compared to $16.6 million, or $0.35 per share diluted, in the preceding quarter, and $17.7 million, or $0.37 per share, in the first quarter of 2013.
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FHLBNY reports $75.4M in net income for 1Q14
April 29, 2014
The Federal Home Loan Bank of New York released Monday its unaudited financial highlights for the quarter ended Mar. 31, disclosing, among other details, net income for the quarter of $75.4 million.
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Lands Authority: ‘There’s plenty of land to be developed’
April 29, 2014
Puerto Rico Lands Authority Executive Director Luis Rivero-Cubano recently told members of the Associated General Contractors that there are plenty of business opportunities for the sector to develop residential, tourism and commercial properties throughout the island.
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SBA, AARP Puerto Rico to host 4th ‘Mentor Day’ event
April 29, 2014
As part of Mentor Month, the Puerto Rico office of the U.S. Small Business Administration and AARP Puerto Rico will conduct their fourth Mentor Day event today.
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Meet Puerto Rico launches campaign in Brazil
April 29, 2014
Meet Puerto Rico successfully launched, in Brazil, the new “Escape the Meeting Blah!” promotion at "World Travel Market Latin America," the main Latin American travel industry show, held annually in Sao Paulo, Brazil.
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PR IT Cluster reveals plans, actions to promote IT sector
April 28, 2014
The Board of the Puerto Rico of Information Technology Cluster (PRITC), an organization dedicated to making Puerto Rico a global leader in the IT industry, recently unveiled its strategic plan and announced the actions it is taking to carry out its mission.
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Op-Ed: 1961 — A fateful year for Puerto Rico
April 28, 2014
In early April, the government of Puerto Rico disclosed the hiring of a New York law firm that has handled more than 30 sovereign debt restructurings, including those of Greece, Argentina, Iraq and Russia.
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3rd edition of Puerto Rico Restaurant Week on for May
April 28, 2014
Puerto Rico will celebrate its third annual Puerto Rico Restaurant Week — a culinary event that gives diners the opportunity to sample the best restaurants on the island at special prices — from May 14-20, said Gustavo Antonetti, president of Kinori Group, the company that produces the event.
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First BanCorp. earns $17.1M in 1Q, up $2.3M YOY
April 25, 2014
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $17.1 million for the first quarter of 2014, or $0.08 per diluted share, compared to $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013 and a net loss of $72.6 million, or $0.35 per diluted share, for the first quarter of 2013.
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