CEO: FirstBank making strides despite economic woes
December 9, 2016
Puerto Rico’s second-largest bank, FirstBank, wrapped up 2016 with significant growth both locally and across its markets in the U.S. Virgin Islands and Florida, and is looking ahead to more advances in 2017, CEO Aurelio Alemán said Thursday.
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El Mesón Sandwiches to open 2 stores at LMM airport
December 8, 2016
El Mesón Sandwiches will open two stores at the Luis Muñoz Marín International Airport in Carolina, through an investment of $1.6 million and a partnership with Management Group Investors, the companies announced Wednesday.
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Casino Metro unveils P.R.’s ‘largest roulette’ at airport
December 7, 2016
Looking to promote the island as a gaming destination, and boost activity at its property, the Casino Metro at the Sheraton Convention Center Hotel unveiled Tuesday the “largest roulette” in Puerto Rico and the Caribbean, at the Luis Muñoz Marín International Airport.
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Studies: PREPA’s proposed rate hike is economy killer
December 6, 2016
The rate hike that the Puerto Rico Electric Power Authority and its bondholders are proposing would further erode the island’s economy and set back its recovery, members of the island’s private sector claimed Monday.
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Grupo Guayacán grants $50K in seed funding to 3 co.’s
December 6, 2016
Grupo Guayacán Inc. has granted $50,000 in seed funding to three companies that graduated from the first edition of the SPRINGBOARD program, the nonprofit announced Monday.
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Claro, INprende partner to back youth entrepreneurship
December 5, 2016
Telecommunications service provider joined INprende to bestow an award recognizing young entrepreneur Pedro Anibarro, a student at Turabo University, during the recent College Entrepreneurship Summit.
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Puerto Rico bankruptcies drop 26% in November
December 2, 2016
Bankruptcy filings dropped by 23 percent in November, when a total of 706 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico Thursday.
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Cancel: EDB OKs $499M in financing since January ’13
December 2, 2016
The head of the Economic Development Bank for Puerto Rico told members of the incoming administration during transition hearings that the agency approved $499.7 million in financing from January 2013 to present, boosting the economy
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Claro continues expanding high-speed mobile network
December 2, 2016
Telecommunications carrier Claro announced Thursday the addition of 15 sectors in 11 Puerto Rico towns to its offering of high-speed broadband wireless service of up to 100 Mbps.
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Dudley offers prescription for island’s return to growth
November 30, 2016
While admitting that there isn’t much the Federal Reserve Bank of New York can do to spur economic growth for the island, William Dudley, the head of the regulatory agency, said Tuesday he is “confident that Puerto Rico has started on the road to recovery.”
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Event ticket vendor Ticketpop launches mobile app
November 30, 2016
Ticketpop, the largest electronic ticket processor in Puerto Rico, operated by Evertec, announced Tuesday the launch of its new mobile application through which consumers will be able to obtain official event information and purchase tickets through their mobile phones.
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DirecTV kiosks to close Dec. 31 as part of AT&T merger
November 29, 2016
As part of the consolidation between AT&T Mobility and DirecTV begun earlier this year, about two dozen of the latter’s kiosks in Puerto Rico will shut down on Dec. 31, this media outlet confirmed Monday.
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Gov.-elect Rosselló announces 1st cabinet appointments
November 29, 2016
Gov.-elect Ricardo Rosselló announced Monday the first five members of his cabinet, including his Chief of Staff, chief legal advisor and his representative before the Financial Oversight and Management Board.
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P.R. consumers more savvy, shopping later in season
November 28, 2016
As this year’s holiday shopping season kicks into high gear, a recent study by the Arteaga & Arteaga advertising firm revealed that this year consumers will be more astute in their purchases, mapping out budgets and taking advantage of attractive discounts.
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Olympic medalist Puig new Universal Group ambassador
November 28, 2016
Starting Jan. 1, Puerto Rican tennis player and Puerto Rico’s first Olympic gold medalist Monica Puig will become the ambassador of Universal Group in Puerto Rico and the United States.
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