Fame Pizza Co. opening 1st restaurant in Bayamón
August 1, 2016
Puerto Rico-based AL Pizza LLC, announced plans to open its first Fame Pizza Company restaurant in Bayamón, near the Bayamón Oeste Shopping Center on Route 2, bringing the chain’s customized pizza to the island.
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Allegiant airlines to launch new Orlando/SJ route in Dec.
July 29, 2016
Las Vegas-based Allegiant airlines announced Thursday the start of nonstop service between Orlando Sanford airport and Luis Muñoz Marín International Airport starting Dec. 14, with four weekly flights.
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Bonistas del Patio blasts GDB debt restructuring law
July 28, 2016
Bonistas del Patio Inc., which groups Puerto Rican bondholders holding about $15 billion in Commonwealth debt, called Gov. Alejandro García-Padilla’s decision to sign a law to restruction the Government Development Bank’s outstanding debt “irresponsible and illegal.”
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First BanCorp reports $22M in 2Q16 net income
July 27, 2016
First BanCorp, the bank holding company for FirstBank Puerto Rico, on Tuesday reported net income of $22 million for the second quarter of 2016, or $0.10 per diluted share, compared to $23.3 million, or $0.11 per diluted share, for the first quarter of 2016 and a net loss of $34.1 million, or $0.16 per diluted share, for the second quarter of 2015.
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Popular Inc. earns $89M in 2Q16, banks on PROMESA
July 27, 2016
Popular Inc., parent company of Banco Popular, on Tuesday reported net income of $89 million for the quarter ended June 30, 2016, compared to net income of $85 million for the quarter ended March 31, 2016.
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Pierluisi: FAA assigns $1.1M to 3 Puerto Rico airports
July 26, 2016
The Federal Aviation Administration has assigned more than $1.1 million in funds to the Puerto Rico Ports Authority for improvements and equipment purchases at three Puerto Rico airports.
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Economist to discuss P.R.’s ‘economy of uncertainty’
July 26, 2016
Seeking to contribute to the discussion and the search for solutions to the problems the island is facing, the College of Architects and Landscape Architects of Puerto Rico will host a lecture entitled "Puerto Rico before the economy of uncertainty," by economist Francisco Catalá
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Pierluisi: P.R. Task Force chair to be named this week
July 20, 2016
Puerto Rico’s Resident Commissioner in Washington, Pedro Pierluisi, said Tuesday that U.S. House Speaker Paul Ryan could name the lawmaker who will steer the work of the Puerto Rico Congressional Task Force this week.
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Café Yaucono donates 100 coffee trees to growers
July 20, 2016
Café Yaucono, along with its parent company, Puerto Rico Coffee Roasters, delivered 200,000 coffee trees to 100 local coffee growers as part of its agricultural program, the companies announced Tuesday.
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Walmart adds ‘Bien Cool’ postcards to its shelves
July 20, 2016
Walmart Puerto Rico announced Tuesday the addition of the “Bien Cool” postcard line, produced by local entrepreneurs joining the retailer’s network of island-made products, whose sales inject some $500 million annually for the economy, company executives said.
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11 P.R. rural small businesses to split $245K from USDA
July 19, 2016
Eleven rural small businesses in Puerto Rico will split $245,000 in loans and grants approved by the U.S. Department of Agriculture to further renewable energy use, agency Secretary Tom Vilsack said Monday.
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P.R. retail sales down 2.2% Y-O-Y in March
July 15, 2016
Puerto Rico’s retail sales reflected a reduction of $71.5 million, equivalent to a 2.25 drop when compared to March 2015, Puerto Rico Trade and Export revealed Thursday.
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La Fortaleza signs PRASA Revitalization Act into law
July 14, 2016
Puerto Rico Acting Gov. Víctor Suárez, signed House Bill 2864 into law Wednesday, creating the Puerto Rico Aqueduct and Sewer Authority Revitalization Act, a statute that gives the water utility the tools to access capital markets and achieve self-sustainability.
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Bankers Assoc. educates about financial exploitation
July 11, 2016
The Puerto Rico Bankers Association is urging local citizens to help prevent fraud and financial exploitation in people who may be vulnerable, including the handicapped and the elderly.
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Acosta to step down as GDB chief after ‘3 ½ tough years’
July 8, 2016
Saying she “did the best she could with the tough hand that was dealt” and ending 12 years of public service, Puerto Rico Government Development Bank President Melba Acosta is stepping down from her post, effective July 31.
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