NY Fed study: Small biz ‘persevering’ through P.R. crisis
November 15, 2016
Puerto Rico’s small businesses are “persevering through… [the] economic crisis,” but are concerned about managing cash flow and rising operating costs, according to the findings of the Federal Reserve Bank of New York’s “Puerto Rico Small Business Survey” released Monday.
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T-Mobile weathers P.R. economic slump, triples capacity
November 15, 2016
Wireless carrier T-Mobile is weathering Puerto Rico’s protracted economic slump by keeping an ear to the ground on consumer needs for quality services at affordable rates, developing a “pro-consumer” brand as a result.
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Claro enhances capacity in 61 sectors in 20 P.R. towns
November 15, 2016
Telecommunications provider Claro announced Monday that as part of its $370 million investment in network upgrades, it has extended high-speed wireless broadband to 61 sectors in 30 towns across Puerto Rico.
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Suiza Dairy breaks ground on $30M Aguadilla plant
November 14, 2016
Suiza Dairy, owned by Grupo Gloria, announced the start of construction of Puerto Rico’s first plant dedicated exclusively to the production of “Extended Shelf Life” milk, to be located in Aguadilla.
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‘Hecho en P.R.: La Tienda’ back at Plaza Las Americas
November 14, 2016
The Puerto Rico Products Association announced the return for a second year of “Hecho en Puerto Rico: La Tienda,” a retail space showcasing hundreds of locally made products and services.
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Planning Board: P.R. GNP to shrink by $116.4M in FY16
November 11, 2016
The Puerto Rico Planning Board presented Thursday revised economic projections confirming that the Commonwealth’s gross national product (GNP) will be reduced by $116.4 million during fiscal 2016 and $143.0 million in fiscal 2017.
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P.R. auto sales drop sharply by 10% YOY in October
November 11, 2016
Puerto Rico new car sales dropped sharply year-over-year in October, when the industry sold 10 percent fewer units, the United Automobile Importers Group (known as GUIA by its Spanish acronym), said Thursday.
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Oriental grants $4.9M loan for supermarket construction
November 11, 2016
Oriental Bank announced Thursday it has granted a $4.9 million to Grupo Quiñones to build a Selectos supermarket, which is already under construction.
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P.R. Gov. names Bielenberg ‘Revitalization Coordinator’
November 10, 2016
Puerto Rico Gov. Alejandro García-Padilla announced Wednesday his choice to fill the position of Revitalization Coordinator, picking Aaron Bielenberg from the three candidates proposed by the Financial Oversight and Management Board.
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San Patricio Plaza ushers in 6 new, remodeled stores
November 10, 2016
As a preamble to San Patricio Plaza shopping center’s plans and new projects for 2017, the mall announced the arrival and remodeling of six stores and establishments.
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R&D investments slip by 1.3% in Fiscal ’15 to $443M
November 7, 2016
A study released by the Puerto Rico Statistics Institute showed that Research & Development investments during Fiscal 2015 were $443.3 million, or to 0.43 percent of the island’s GDP. This represents a slight 1.3 percent drop compared to Fiscal 2013.
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Telecom Board: P.R.’s internet adoption rate on the rise
November 7, 2016
Puerto Rico’s internet adoption rate continues increasing, reaching 81.6 percent during the first quarter of 2016, Telecommunications Regulatory Board President Javier Rúa-Jovet said, citing statistics published by Akamai Technologies.
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8 P.R. agricultural producers split $1.6M from USDA
November 7, 2016
The U.S. Department of Agriculture has granted nearly $1.6 million to eight agricultural producers in Puerto Rico to help them enter into value added activities related to the processing and/or marketing, generating new products, creating and expanding marketing opportunities and increasing producer income.
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2 Popeyes restaurants to open at LMM Int’l Airport
November 4, 2016
Management Group Investors and Popeyes Louisiana Kitchen Inc. have signed an agreement to open the first two restaurants at the Luis Muñoz Marín International Airport, through a $1.6 million investment.
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Ford grants $40K to 7 environmental organizations
November 4, 2016
Seven organizations focused on environmental conservation will split $40,000 in grant funding from the most recent round of funding provided by Ford in Puerto Rico as a part of Ford Motor Company's Conservation & Environmental Program.
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