Montehiedra mall reborn as outlets after $20M overhaul
October 11, 2016
Urban Edge Properties, owners of the Montehiedra Mall in San Juan recently announced the conversion of the 600,000 square-foot shopping center into the metropolitan area’s first outlets, at an investment of $20 million.
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FirstBank adds ATMs, redesigning mobile services
October 6, 2016
In the wake of a 17.5 percent growth in ATM transactions during 2015, FirstBank announced Wednesday the expansion of its automatic teller network in Puerto Rico with a total of 80 new locations.
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Telecom Board, DTOP inaugurate ‘VíaDIGITAL’ project
October 5, 2016
The first project under “VíaDIGITAL,” a joint initiative between the Department of Transportation and Public Works (DTOP) and the Puerto Rico Telecommunications Regulatory Board was inaugurated Tuesday, through the installation of installation of high-speed fiber optic infrastructure that will benefit consumers, businesses and residences in Miramar, Santurce and parts of Río Piedras.
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Pawa Dominicana launches flight operations in P.R.
October 5, 2016
Pawa Dominicana officially launched its air service between the Dominican Republic and Puerto Rico this week, representing an increase in its footprint throughout the Caribbean, company officials said this week.
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Probe reveals questionable aspects of PREPA bond issue
October 4, 2016
A pre-audit survey report released Monday by the Commission for the Comprehensive Audit of the Public Credit of Puerto Rico analyzing a $673 million bond issue by the Puerto Rico Electric Power Authority has raised a number of questionable aspects of the transaction completed in 2013.
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García-Padilla delivers documents to oversight board
September 30, 2016
Puerto Rico Gov. Alejandro García-Padilla announced Thursday he has turned over several documents detailing the island’s fiscal situation to the fiscal oversight board, a day ahead of the federally appointed body’s first meeting today.
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Specialty retailer vomFASS opens at Paseo Caribe
September 30, 2016
Following an investment of $500,000, vomFASS — an international specialty retailer featuring a variety of oils, vinegars, wines and spirits — opened its doors at Paseo Caribe in San Juan.
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Denny’s invests $1.5M in 13th restaurant opening in P.R.
September 30, 2016
Marpor Corporation, operator of the Denny’s restaurant chain in Puerto Rico, announced Thursday the opening of its 13th location, at the Las Cascadas Hotel in Aguadilla, which will create 210 new direct jobs. The company invested $1.5 million in the new eatery that opens today.
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‘Hackathon’ event rescheduled for Oct. 15-16
September 30, 2016
HackPR, a nonprofit comprised of students and young professionals promoting the development of technical skills through unconventional teaching methods, announced Thursday the new dates for the event that was postponed due to last week’s power blackout.
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Scotiabank sues P.R. gov’t over loan repayment
September 29, 2016
Scotiabank Puerto Rico on Wednesday filed a complaint against the government of Puerto Rico to prevent the diversion and expropriation of certain tax revenue pledged as collateral to secure a loan the bank extended to the Metropolitan Bus Authority.
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Grupo Martí steering Volvo brand back into the spotlight
September 29, 2016
Grupo Martí, a family company based in the Dominican Republic, is looking to steer the Volvo brand of luxury vehicles back to the privileged position it had among Puerto Rico consumers several decades ago with significant investments and long-terms plans.
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14th ‘Community Reinvestment Week’ slated for Oct. 3-7
September 29, 2016
The Puerto Rico Bankers Association will host the 14th edition of the Community Reinvestment Week Oct. 3-7, with a series of events under the "Tools for Sustainable Development" theme, organizers said Wednesday.
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Soccer season generates $1M in revenue for P.R.
September 27, 2016
With just three home games to play before this year’s soccer season is over, Puerto Rico Football Club officials are celebrating a successful run that has drawn not only scores of local fans, but also diehard supporters who have traveled to the island to cheer on visiting teams.
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Online site gathers data for court auctions in P.R.
September 26, 2016
Looking to provide economic alternatives and new solutions to Puerto Rico and to attract different markets interested in investing on the island, E&S Group Inc. recently launched the new digital platform EdictosySubastas.com.
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Private sector: P.R. power grid needs ‘full overhaul’
September 23, 2016
In the wake of the biggest blackout Puerto Rico has experienced in more than three decades, which has affected more than 1.5 million customers, members of the island’s private sector urged the powers-that-be to push forward with a complete overhaul of the electrical system.
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