Exec: No protocols makes P.R. reform ‘uncomfortable’
August 18, 2016
A lack of a formal intervention protocol, such as the ones in place in the U.S. mainland for governments in distress, is making Puerto Rico’s restructuring process “uncomfortable” and more challenging to address, an expert with 25 years of experience in reforming troubled public and private sector entities said Wednesday.
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Embassy Suites by Hilton PR marks 20th anniversary
August 17, 2016
Embassy Suites by Hilton, which raised its flag in Puerto Rico in December 1996, is marking two decades of history on the island with a series of events at its Isla Verde and Dorado properties this year, leading up to a gala benefit next year, hotel officials said.
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Open Mobile to hold massive phone recycling program
August 15, 2016
Wireless service provider Open Mobile announced a massive recycling program at its 18 stores throughout Puerto Rico, where it will be receiving all kinds of phones, of any company and in any condition.
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Ports: P.R. regional airport traffic flying high in Fiscal ’16
August 11, 2016
More than 1 million passengers passed through Puerto Rico’s regional airports in Fiscal 2016, representing the highest figure achieved by the island’s Air System Network in the last five years, the Puerto Rico Ports Authority said Thursday.
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Gov’t to have new fiscal plan ready for oversight board
August 10, 2016
NEW YORK — Puerto Rico Gov. Alejandro García-Padilla confirmed Tuesday that his administration will have a new fiscal plan ready shortly after the federal fiscal oversight board is “appointed and operational.”
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Ponce Health Sciences Univ. invests $1.4M in facility
August 10, 2016
The Ponce Health Sciences University, a fully accredited U.S. medical and health sciences university provides the highest quality graduate education programs available in medicine, clinical psychology, biomedical sciences, and public health, announced Tuesday the groundbreaking expansion of a 6,000 sq. ft. state-of-the art neuroscience research facility.
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Popular going forward with $30M ‘Urban Hub’ project
August 9, 2016
At a time when major construction projects in Puerto Rico are at a standstill, Popular Inc. is moving forward with its $30 million Urban Hub project in Hato Rey, where several pieces were installed over the weekend.
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July is PR’s 4th straight month of positive new car sales
August 9, 2016
Puerto Rico’s new car sales remained on the positive side for the fourth straight month in July, when 6,644 units were sold, reflecting a 17.4 percent year-over-year increase, the United Automobile Importers Group (known as GUIA by its Spanish acronym), said Monday.
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Congressional Task Force seeks input on P.R. growth
August 5, 2016
The Congressional Task Force on Economic Growth in Puerto Rico, which is responsible for identifying impediments to economic growth in the territory and recommending changes, announced Thursday it is seeking input from stakeholders.
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P.R. retail sales down 1.42% YOY in April
August 5, 2016
Puerto Rico retail sales reflected a 1.42 percent drop year-over-year in April, when activity at the cash register $44.4 million, Puerto Rico Trade and Export figures released Thursday showed.
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Expert: P.R. must work quickly in DC in coming months
August 4, 2016
Puerto Rico’s private sector has a one-month window — between Sept. 6 and Oct. 1 — to deliver their proposals to the Congressional Task Force on Puerto Rico to spur economic development initiatives for the island, former Republican Congressman Jerry Weller, said Tuesday.
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Executive appointments in hospitality, tech industries
August 4, 2016
This edition of Climbing the Corporate Ladder features executive appointments both on and off the island in areas of hospitality, technology and agriculture.
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Bacó: GDB should not be liquidated, must be re-focused
August 2, 2016
The fate of the Puerto Rico Government Development Bank should not be liquidation, but rather a refocus to return to promoting growth on the island, Interim President Alberto Bacó said Monday, the day he took on the job of steering the former public fiscal agent.
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July ’16 bankruptcies drop 4.4% YOY in Puerto Rico
August 2, 2016
Puerto Rico’s bankruptcy levels showed a 4.4 percent drop last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help totaled 818 cases, preliminary data released Monday by research firm Boletín de Puerto Rico showed.
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Bacó confirmed as acting president of GDB
August 1, 2016
Economic Development and Commerce Secretary Alberto Bacó will take on an additional role in Gov. Alejandro García-Padilla’s cabinet effective today, when he starts as acting President of the Government Development Bank.
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