Telecom Board fines Claro $155K for alleged ‘cramming’
April 18, 2016
The Puerto Rico Telecommunications Regulatory Board has issued a fine against carrier Claro de Puerto Rico of more than $155,000 for apparent “cramming” practices in its wireless and bundled Internet services.
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U.S. Republican lawmakers release oversight board bill
April 13, 2016
The House Committee on Natural Resources released H.R. 4900, the “Puerto Rico Oversight, Management, and Economic Stability Act” (known as PROMESA), co-sponsored by Committee Chairman Rob Bishop (R-UT) and Rep. Sean Duffy (R-WI).
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P.R. makes debut in IMF World Economic Outlook report
April 13, 2016
Puerto Rico has been included for the first time in the International Monetary Fund’s World Economic Outlook report released Tuesday, opening doors for future economic development, local executives in charge of representing the island before the entity said.
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RocketFix Mobile enters P.R.’s device repair market
April 13, 2016
RocketFix Mobile, a Puerto Rican company that “seeks to become the mechanic for your cellphone” announced plans to have eight stores operating throughout the island next month, all inside Sears locations.
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P.R. Consortium for Clinical Investigation initiative born
April 13, 2016
The Puerto Rico Consortium for Clinical Investigation, supported by the Puerto Rico Science, Technology and Research Trust, was officially announced Tuesday to officially begin clinical investigations.
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Local delegation bears down on DC lawmakers this week
April 12, 2016
A broad group of public and private-sector representatives from Puerto Rico are bearing down on Washington lawmakers this week, when a draft of the bill proposing an oversight board for the island is expected to be released and discussed during a hearing Wednesday.
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Survey: PR meets academic expectations of int’l students
April 12, 2016
Puerto Rico is an attractive academic destination for international students who confirmed in a recent survey commissioned by the Foundation for Puerto Rico that their expectations are met.
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Gov’t revises terms in 2nd offer presented to creditors
April 11, 2016
Members of the government’s Working Group for the Fiscal and Economic Recovery of Puerto will release today details of a revised voluntary exchange proposal presented to advisors to the Commonwealth’s creditors in March.
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Hotel, insurers tap executives for top posts
April 11, 2016
The Rincón Beach Resort, Triple-S and MMM recently made some executive appointments in their operations, as the private sector does its part to move the economy.
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Diaspora, local execs join forces on message to Congress
April 8, 2016
A broad segment of the Puerto Rican diaspora and local economic and social organizations met Thursday with House Speaker Jaime Perelló to identified critical areas that must be addressed jointly in Congress, as it shapes solutions for the island’s fiscal crisis.
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Urban Outfitters opening at The Mall of San Juan in Sept.
April 8, 2016
Lifestyle and fashion apparel retailer Urban Outfitters Inc. will be opening its first store in Puerto Rico in September at The Mall of San Juan, this media outlet has learned.
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Saborea ’16 gathers culinary stars for weekend of eats
April 8, 2016
The 9th edition of “Saborea Puerto Rico: A Culinary Extravaganza” fest will bring together more than 80 local chef and invited Food Network and Travel Channel chefs who will demonstrate their skills this weekend.
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CofC launches new initiative to find solutions for P.R.
April 7, 2016
Seeking to expand human capital to help push Puerto Rico forward and find new solutions that lead island residents toward a better future, the Puerto Rico Chamber of Commerce is launching a new initiative called "Puerto Rico is about all of us."
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PR creditors offer 5-yr. debt service freeze, $750M loan
April 6, 2016
A group of investors — including certain mutual funds — holding $5 billion in Puerto Rico's General Obligation bonds revealed Monday the terms of a joint restructuring proposal that calls for offering the government a five-year moratorium on principal payments and $750 million in upfront liquidity.
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Bi-partisan lawmakers demand transparency from GDB
April 4, 2016
Following Sunday’s confirmation that Puerto Rico Treasury Secretary Juan Zaragoza had stepped down from his post at the Government Development Bank’s board of directors, to “avoid a conflict of interest,” a group of bi-partisan lawmakers demanded transparency from the troubled public agency.
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