Paulson’s interest in Condado duo ‘surprised’ hotel execs
February 27, 2014
News that hedge-fund magnate John Paulson is in talks to buy the Condado duo took the International Hospitality Enterprises, the hotels' developer and operator, completely by surprise but "It's an offer to (IHE's) best advantage," said a source.
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Culebra to get new air links, $2.3M airport upgrades
February 24, 2014
Airport improvements and additional air connections are in the offing for Puerto Rico's sister island Culebra, whose beautiful and uncluttered beaches set amid an unspoiled environment make it a popular tourist destination.
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Plan for $200M Cayey mega mall stuck in Supreme Court
January 13, 2014
Ciudadela de Cayey, a $200 million outlet mall that, if built, would be a third of the size of Puerto Rico's largest mall stands to dramatically alter the physical and economic landscape of the town of Cayey but the ambitious project has raised bitter opposition and is currently stalled due to a lawsuit over the permitting process.
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Fewer gov’t workers a problem for Ombudsman’s Office
December 26, 2013
The reduction in government employees is hampering the capability of the Puerto Rico Citizen Ombudsman’s Office’s and that of government agencies themselves to speedily resolve complaints filed by citizens, said the second-in-command at the agency charged with representing the interests of the public. According to Deputy Ombudsman Héctor A. Morales Martinez, complaints filed by citizens […]
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Starbucks Coffee to open at Gallery Plaza
December 12, 2013
Even as Starbucks Coffee Puerto Rico LLC readies to unveil a new store on Loíza St., it is scouting for prime locations for the new stores planned for 2014 in an investment that could reach $1.5 million, said a company official.
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New Jewish center to pump $5M into local economy
December 11, 2013
The construction of a Chabad Jewish Center in Isla Verde will inject $5 million into the local economy and create 50 direct and indirect jobs, Gov. Alejandro García-Padilla said Tuesday at the groundbreaking for the project.
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Hospitals ponder uniform fees to draw medical tourism
December 3, 2013
The Puerto Rico Hospitals Association is evaluating the idea of attracting medical tourists to the island by offering uniform rates for medical procedures.
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San Jorge Hospital to attend mental issues with new wing
December 2, 2013
Fresh from a recent $30 million investment in a new four-story building housing an expanded emergency room, San Jorge Children's Hospital is readying for yet another service expansion.
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‘Made in Puerto Rico’ fair to be on web for 1st time
November 20, 2013
This year's edition of the Made in Puerto Rico Fair, to be held Dec. 7 and 8 in Caguas, will be on the wide world web for the first time.
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ATH Network launches rewards program via Facebook
November 6, 2013
The ATH Rewards program that EVERTEC Inc. and the ATH Network will kick off Friday on Facebook packs a double wallop: it's a tool for Puerto Rico merchants to grow their business and helps consumers save money through special offers and product discounts.
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Puerto Rico to get $31.6M to deploy rural broadband
November 1, 2013
The Federal Communications Commission’s Connect America Fund has awarded $31.6 million to provide new broadband access to 40,736 homes and businesses throughout Puerto Rico, during a round of funding announced Thursday.
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Pontifical Catholic University: Entrepreneurs wanted
October 30, 2013
The Pontifical Catholic University of Puerto Rico in Ponce is gearing up for its annual I.D.E.A.S. competition celebrating entrepreneurship.
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Study: Nearly ½ of Puerto Rico residents live in poverty
October 23, 2013
Puerto Rico projects the image of a society that has achieved material progress but behind the curtain lies a stark reality: 45.6 percent of its people live in poverty compared with 15.9 percent in the U.S., according to a report released by the Pontifical Catholic University of Puerto Rico (PUCPR).
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Negotiations underway to sell Condado Duo complex
October 11, 2013
Negotiations for the sale of La Concha and the Vanderbilt hotels in Condado to a leading real estate investment group are reportedly underway and could culminate within the next two months, News Is My Business has learned.
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New government taxes scaring off entrepreneurs
October 10, 2013
Uncertainty over the impact of new taxes on businesses may be putting a break on entrepreneurship with Puerto Rico's largest bank reporting a slowdown in its small business loan activity.
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