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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PRASA to start seeking external financing in mid-August
July 8, 2016
Puerto Rico Aqueduct and Sewer Authority Executive Director Alberto Lázaro confirmed Thursday the agency is waiting for the governor to sign the law that will allow it to pursue external financing to begin talking to creditors next month.
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PRASA reaches forbearance agreements with creditors
July 7, 2016
The Puerto Rico Aqueduct and Sewer Authority has reached forbearance agreements with a number of federal and local government agencies to put off making payments for at least six months, according to filings submitted to the Municipal Securities Rulemaking Board on Wednesday.
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P.R. bankruptcies remain flat in June, up 5% so far in ’16
July 5, 2016
Puerto Rico’s bankruptcy levels remained flat last month, when the total number of companies and individuals who turned to the U.S. Bankruptcy Court for help was up by two cases when compared to the same month in 2015.
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U.S. Senate passes PROMESA, Obama could sign it today
June 30, 2016
The U.S. Senate passed S. 2328, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), Wednesday with a bipartisan vote that should send the measure to Pres. Barack Obama’s desk for signing today.
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$45M AC Hotel by Marriott breaks ground in Condado
June 30, 2016
The groundbreaking ceremony for the first AC Hotel by Marriott in San Juan took place Wednesday for what will be a $45 million investment by Ashford 1369 Hospitality, LLC, an affiliate of Interlink, which acquired the former Ambassador Plaza & Casino property in Condado.
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P.R. Telephone Co., parent co. to pay $1.1M FCC fine
June 29, 2016
The Federal Communications Commission announced today that Puerto Rico Telephone Company and its parent company, América Móvil of Mexico, will pay $1.1 million to resolve an investigation by the FCC’s Enforcement Bureau.
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