Lack of reliable data hinders P.R.’s ‘economic liberty’
March 8, 2016
The lack of available, reliable economic data and a deficiency in transparency from the government are several key factors that must be addressed for Puerto Rico to improve its ranking in an index published annually by The Heritage Foundation, local economists said Monday.
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Migration fuels 1.4% drop in P.R. retail sales in ’15
March 4, 2016
Retail sales reported by Puerto Rico’s commercial establishments during the January to December 2015 period reflected a 1.42 percent year-over-year drop, with sales down by $544.7 million to $37.8 billion, Puerto Rico Trade and Export revealed Thursday.
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AT&T settles disability discrimination suit, to pay $250K
March 3, 2016
Wireless carrier AT&T will pay $250,000, reinstate an employee, and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency announced Wednesday.
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Study: P.R. at high risk for shipping, billing fraud
March 3, 2016
Puerto Rico is among seven U.S. jurisdictions with a higher-than-average rank for shipping and billing fraud attacks, according to a recently released study by global information services company Experian.
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FirstMortgage strengthens housing market position
March 3, 2016
While Puerto Rico’s mortgage market has seen a serious decline of about 50 percent since 2007, FirstMortgage has sought to maintain its position by implementing a few strategies, including zeroing-in on towns outside the San Juan metropolitan area.
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Puma starts selling 20-lb LPG cylinders at gas stations
March 3, 2016
Puma Energy announced Wednesday it began selling 20-pound Liquefied Petroleum Gas cylinders at the end of February at nearly a dozen service stations islandwide.
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Burell, local chefs to headline 9th ‘Saborea’ culinary fest
March 2, 2016
Familiar Food Network personalities and a roster of local chefs will headline the 9th edition of the Saborea Puerto Rico culinary fest, slated for April 7-10 on the grounds of El Escambrón beach.
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Contractors rally in favor of PRASA revitalization bill
March 1, 2016
A cross section of local contractors lobbied Monday at the Capitol for the approval of the bill that would give the Puerto Rico Aqueduct and Sewer Authority access to the bond market saying, “a vote against the bill is a vote in favor of a water rate hike.”
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Telecom Board, FCC join to advance broadband services
March 1, 2016
The heads of the Puerto Rico Telecommunications Regulatory Board and the Federal Communications Commission met last week to coordinate a joint agenda to promote faster and better access to broadband communications services on the island, through a $4 million annual allocation.
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Aerostar makes $22.5M electricity payment to PREPA
February 26, 2016
Aerostar Airport Holdings, the operator of the Luis Muñoz Marín International Airport, settled a dispute it had with the Puerto Rico Electric Power Authority over past due electricity charges and made a $22.5 million payment, utility officials announced.
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Toyota maps strategy for ’16, new dealers to invest $7M
February 26, 2016
Toyota de Puerto Rico executives outlined plans Thursday to maintain its market share of 31.7 percent, while strengthening the operation this year, when three new dealerships invest $7 million to open new facilities as part of that strategy.
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Dunkin’ Donuts plans to open 50 stores in Puerto Rico
February 23, 2016
Less than two years after a court-ordered shutdown of all of it’s local Dunkin’ Donuts stores, Dunkin’ Brands announced Monday it is looking for a franchisee to re-enter the market to develop 50 restaurants throughout the island in the next seven years.
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Parallel18 represents P.R. in Mobile World Congress ’16
February 23, 2016
The eyes of the technology world are on Barcelona, Spain this week for the celebration of the Mobile World Congress, and Puerto Rico has an important role in presenting the Parallel18 startup acceleration program before hundreds of “4YFN” (“4 Years from Now”) event attendees.
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Dorado Beach, Ritz-Carlton gets Forbes 5-star rating
February 23, 2016
The Dorado Beach, A Ritz-Carlton Reserve has received a five-star rating from the prestigious Forbes Travel Guide, joining several independent boutique properties in the Caribbean as first-time recipients.
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Telecom Board shoots down PrepaNet in Liberty case
February 22, 2016
The Puerto Rico Telecommunications Regulatory Board on Friday shot down the Puerto Rico Electric Power Authority’s claims that the regulator lacks jurisdiction in a fight over rates and access to public utilities launched last year by Liberty Cablevision of Puerto Rico.
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