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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FCC expands subsidy program to cover broadband
April 1, 2016
In a 3-2 vote, the Federal Communications Commission on Thursday decided to expand its Lifeline Universal Service Program, which currently subsidizes voice telephone service for low-income households, to allow those households to use the program to lower the cost of broadband service.
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Report: P.R. bankruptcy cases up 13% YOY in Feb.
April 1, 2016
Puerto Rico’s bankruptcy filings were up 13 percent in February, when 930 cases were submitted to the court, versus the same month in 2015, according to numbers released Thursday by research company Boletín de Puerto Rico.
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Puerto Rico Property Registry now 100% electronic
April 1, 2016
Puerto Rico’s historically outdated Property Registry has been thrust into the 21st century through a $6.9 million modernization project that converted the government’s database from paper to fully electronic and available 24/7, Justice Secretary César Miranda announced Thursday.
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Agrohack conference to focus on innovation, tech
March 31, 2016
Looking to add to the island’s efforts to promote agriculture as a sustainable source of growth and economic development, a group of entrepreneurs will host Agrohack, a conference focusing on the sector, on May 28.
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Oversight board draft legislation draws tepid support
March 30, 2016
The U.S. House Committee on Natural Resources, chaired by Rob Bishop (R-UT). released a draft legislation on Puerto Rico’s economic crisis Tuesday, proposing an oversight board that will, among other things, audit the government and its corporations.
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P.R. gov’t to appeal ‘Wal-Mart tax’ invalidation
March 29, 2016
The Commonwealth will appeal the decision by U.S. District Judge José A. Fusté invalidating the transfer pricing tax applied to Wal-Mart, Gov. Alejandro García-Padilla said Monday, while blasting the judge for “taking away $100 million” from the people of Puerto Rico.
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Exec: Toyota ‘bringing the passion’ out of its lineup
March 24, 2016
NEW YORK — Although Toyota has had a “fantastic reputation for value and quality,” a self-critical assessment has driven the automaker to work on “bringing the passion” out of its vehicles to appeal to a new generation of buyers, Bob Carter, the executive responsible for the automaker’s operations in North America, which include the U.S. mainland, Puerto Rico and Canada, said.
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Hybrids, plug-ins, and reincarnations rule NY Auto Show
March 23, 2016
NEW YORK — Some of the world’s largest automakers gathered in this city this week to roll out their latest models, many of which build upon hybrid, electric and plug-in technologies.
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PR/DR ferry sidelined through July for $8M overhaul
March 21, 2016
America Cruise Ferries, which offers ferry service between Puerto Rico and the Dominican Republic, is anchoring its Caribbean Fantasy cruise ship through July for an $8 million remodeling.
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