CofC proposes ‘P.R. Empresa’ to spur jobs, economy
September 1, 2016
The Puerto Rico Chamber of Commerce (CofC) unveiled Wednesday its proposal to drive job creation and attract new capital investment to the island called Puerto Rico Empresa Inc., a public-private partnership to promote across-the-board collaboration.
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Panoramic sightseeing tour buses arrive to P.R.
September 1, 2016
City Sightseeing is rolling out its trademark red, double-decker tour buses in San Juan to offer its specialized “hop-on, hop-off” tours, company and tourism officials announced Wednesday.
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Fiscal control board members met with general support
August 31, 2016
President Obama’s designation of seven members of the Puerto Rico Fiscal Oversight Board, made in consultation with Republican and Democratic leadership in Congress, was met with support on Capitol Hill and beyond.
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Locally harvested ‘Del País’ rice goes on sale at Econo
August 31, 2016
Gov. Alejandro García Padilla announced Tuesday the start of the sale of locally harvested rice marking the first time in three decades that Puerto Rico promotes the product commercially. It will be sold under the “Del País” institutional brand.
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Historic Normandie Hotel on the block for $9M
August 30, 2016
The Normandie Hotel, opened in 1942 and declared a national historic site in August 1980, has been put up for sale by owners Interra-Sky Normandie for $9 million, this media outlet learned exclusively on Tuesday.
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Builders Assoc. proposes vision for econ. development
August 26, 2016
The Puerto Rico Builders Association unveiled Thursday its proposal for economic development that focuses on strengthening private enterprise as an axis of local production and empowering the third sector to develop communities.
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Oriental Bank grants $1.5M in financing to Olein Refinery
August 26, 2016
Oriental Bank recently granted three credit facilities totaling $1.5 million to Olein Refinery, which it will use to convert power generation at its Cristal products manufacturing plant and oil recycling operation into an environmentally friendly system.
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P.R. to send 1st delegation to Havana International Fair
August 26, 2016
Puerto Rico will be represented for the first time at the Havana International Fair, slated to take place on the neighboring island nation Oct. 31-Nov. 4, as a result of a effort between the Development and Commerce, the Puerto Rico Trade and Export Company and the private sector, it was announced Thursday.
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Iconic El San Juan Hotel & Casino $60M rebirth on track
August 25, 2016
Earlier this month, the El San Juan Hotel & Casino — an icon of the bustling Isla Verde tourism strip — closed temporarily as it undergoes a $60 million top-to-bottom redesign of virtually all public areas and guestrooms to attract a new type of client seeking a luxury lifestyle, as well as group business.
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New online tool provides access to P.R. banking statistics
August 25, 2016
Business consulting firm Vision-to-Action (V2A) announced Wednesday the launching of the largest and most comprehensive database of the banking industry in Puerto Rico.
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Meet Puerto Rico urges ‘doing things differently’
August 25, 2016
Tourism destinations need to “move forward and do things differently,” including relying on the so-called “sharing economy” as a key driver of doing business, Meet Puerto Rico President Milton Segarra said Wednesday, during the Destination Marketing Organization’s (DMO) annual meeting.
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Bankers Assoc.: Task Force should review banking rules
August 24, 2016
The Puerto Rico Bankers Association will be submitting a set of recommendations to the Congressional Task Force on Economic Growth addressing key areas in federal banking regulations that could be eased to benefit the Commonwealth’s economy, Executive Director Zoimé Álvarez-Rubio confirmed Wednesday.
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AT&T to connect Cuba; upgrades network in St. Thomas
August 23, 2016
AT&T announced Monday it has reached agreements for Cuba roaming and direct interconnection with Empresa De Telecomunicaciones De Cuba, to begin at a date yet to be determined.
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PRMA to submit 4 proposals to Congressional task force
August 19, 2016
The Puerto Rico Manufacturers Association will submit four specific proposals to the Congressional Task Force on Economic Growth in Puerto Rico addressing mechanisms to spur economic development on the island in different sectors, trade group President Rodrigo Masses announced Thursday.
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P.R. business groups challenge power rate hike
August 19, 2016
A group of nine leading Puerto Rico industry and business associations on Tuesday filed a legal challenge against a Puerto Rico Energy Commission move to impose the first in a series of what they called “unlimited, blank check" rate increases under the Puerto Rico Electric Power Authority debt-restructuring agreement.
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