P.R. retail sales down 3.71% year-over-year in Jan.
April 28, 2016
Puerto Rico retail sales started 2016 in a slump, reflecting a 3.71 percent year-over-year drop in January, or $113.3 million less than what was generated during the same month in 2015, Puerto Rico Trade and Export reported Wednesday.
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New stores arriving to Plaza del Caribe, Mall of San Juan
April 28, 2016
A lineup of new retail tenants is opening at two Puerto Rico malls, Plaza del Caribe in Ponce and The Mall of San Juan in the metropolitan area.
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Tourism Co.: Zika has hit less than 0.5% of P.R. residents
April 28, 2016
The Puerto Rico Tourism Co. on Wednesday confirmed it is doing “everything in its power” to protect visitors to the island as it deals with the spread of the Zika virus, which so far has affected “less than one half of one percent” of the population,” agency Executive Director Ingrid I. Rivera-Rocafort said.
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Echar Pa’lante, Georgia Tech foster entrepreneurship
April 28, 2016
The multi-sectorial “Echar Pa’lante” alliance sponsored by Banco Popular recently joined forces with the Georgia Institute of Technology, to train more than 110 university professors from eight universities on entrepreneurship.
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AT&T’s ‘Puede Esperar’ pitch targets Spanish speakers
April 28, 2016
Wireless carrier AT&T unveiled Wednesday it’s new “Puede Esperar” campaign targeting Spanish-speaking Hispanics on the U.S. mainland, who it said are more prone to smartphone distracted driving than the general population, according its research.
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PREPA will need 2 more weeks to complete rate case
April 27, 2016
The Puerto Rico Electric Power Authority has asked creditors for a two-week extension through May 13 to file its rate case before the Puerto Rico Energy Commission, which is a key element in the restructuring support agreement reached with creditors.
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Justice to testify on cybercrimes before Senate today
April 27, 2016
The Puerto Rico Justice Department’s CyberCrime Division will testify before the Senate on Internet sales and the protections consumers require to fight off fraudulent business practices.
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Popular Inc. reports $85M in net income in 1Q16
April 26, 2016
Encouraged by the progress shown by its U.S. mainland operation and by the strength of its Puerto Rico franchise, Popular Inc. reported Monday net income of $85 million for the first quarter ended Mar. 31, 2016, compared to net income of $137.4 million and an adjusted net income of $98.3 million for the quarter ended Dec. 31, 2015.
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Trade groups ask Legislature to hold off on labor bills
April 22, 2016
Looking to avoid further increases in operating costs that prevent the island’s productive sector from contributing to Puerto Rico’s socioeconomic development despite the ongoing fiscal crisis, a group of associations on Thursday asked for a moratorium on the approval of certain labor laws being considered in the Legislature.
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Ford opens 15th edition of ‘green’ grant program in P.R.
April 21, 2016
The Ford Central American and Caribbean division announced Wednesday the start of the application cycle for the 15th edition of its annual Conservation and Environmental Grants program, which seeks to support individuals and nonprofits to promote “green” projects in Puerto Rico.
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PRASA sells $2.8M in excess properties to raise cash
April 20, 2016
The Puerto Rico Aqueduct and Sewer Authority has identified and will be selling three properties in San Juan, Guaynabo and San Juan worth a combined $2.8 million to inject cash into its coffers, agency Executive Director Alberto Lázaro said Tuesday.
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P.R. Gov: Suárez to head Financial Advisory Authority
April 20, 2016
Puerto Rico Gov. Alejandro García-Padilla announced Tuesday the appointment of Secretary of State Víctor Suárez as executive director and sole member of the Financial Advisory Authority and Fiscal Agency to act as the Commonwealth’s fiscal agent, financial advisor and information agent.
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Appellate Court sides with journalists on hedge fund info
April 19, 2016
The Center for Investigative Journalism (CPI, as it is known for its initials in Spanish) scored a legal victory in its fight against the government for access to information on the identity of Puerto Rico’s bondholders.
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P.R.’s 1st $500K Wendy’s Café opens in Guaynabo
April 19, 2016
Executives from Wendco de Puerto Rico, the franchisee of the Wendy’s restaurant chain on the island, announced Monday the reopening of its San Patricio location, which now includes the first Wendy’s Café in Puerto Rico.
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Sprint, SMG, PRHTA appoint key management execs
April 19, 2016
A trio of executives known for their excellence in their respective fields has been appointed to key management slots in recent weeks to oversee Puerto Rico operations.
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