UPR-Río Piedras students win Bankers Assoc. contest
January 25, 2016
A trio of students representing the University of Puerto Rico in Río Piedras won this year’s edition of the Financial Awareness Video Contest sponsored by the Puerto Rico Bankers Association and the Federal Reserve Bank of New York.
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Ponce’s San Lucas Hospital installs $1.5M MRI machine
January 25, 2016
The Episcopal San Lucas Hospital in Ponce recently invested $1.5 million on new MRI equipment, positioning itself at the “forefront of technology in the health care industry,” executives said.
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Science Trust breaks ground on $10M Laboratory Road
January 22, 2016
The Puerto Rico Science, Technology and Research Trust on Thursday offered details about the start of construction of Laboratory Road, a $10 million project that will be the main thoroughfare that will provide access to Science City facilities.
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Builders Assoc., Roosy Roads partner to redevelop base
January 22, 2016
The Puerto Rico Builders Association, a professional trade group, will serve as a link between the Roosevelt Roads Redevelopment Authority and the private sector to encourage the revitalization of the former naval base in Ceiba.
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Walmart P.R. workers included in announced pay hike
January 21, 2016
More than 1.2 million Walmart U.S. and Sam’s Club associates will receive a pay increase under the second phase of the company’s two-year, $2.7 billion investment in workers, to a minimum of $10 an hour, the company announced Wednesday.
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Expedia: Travel demand for Puerto Rico up 15% in 3Q15
January 21, 2016
Travel demand for the Puerto Rico market experienced about 15 percent growth year-over-year in the third quarter of 2015, the Expedia group revealed Wednesday at the Caribbean Travel Marketplace event in the Bahamas.
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Auto execs predict 77K new cars to be sold in P.R. in ‘16
January 20, 2016
The United Group of Automobile Importers, an organization that represents the Puerto Rico automobile industry, predicted Tuesday that this some 77,000 new cars will be sold this year on the island, marking the third consecutive year of decreased activity.
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Google rolls out ‘Street View’ feature in Puerto Rico
January 19, 2016
Internet giant Google announced Monday it has begun rolling out its “Street View” vehicles on Puerto Rican streets to record images of several towns that will be collected, processed and included in Google Maps.
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P.R. gov’t adjusting budgets to bridge revenue shortfall
January 14, 2016
The government of Puerto Rico is making budget adjustments amounting to some $254 million, which is about half of the shortfall in revenue collections the Treasury Department anticipated late last year.
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Several store closings rattle Puerto Rico’s retail sector
January 12, 2016
Several retailers are ringing in 2016 by exiting the market, with the confirmed closings of several stores at The Mall of San Juan and throughout the island.
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PREPA overhaul bill ‘mortal blow’ for citizens, industry
January 11, 2016
A group of representatives for Puerto Rican consumers, businesses, industries, and workers warned Sunday that the legislative approval of the Puerto Rico Electric Power Authority Revitalization Act will deliver “a mortal blow” to the island’s already critical economic situation.
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Law passed to increase gov’t buys from small businesses
January 11, 2016
A bill amending Law 62 of 2014 calling for an increase in government purchases from local small and mid-sized businesses from 20 percent to 30 percent starting this year has been signed into law, House Speaker Jaime Perelló announced.
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CPA’s to host talk on impact of debt restructuring
January 11, 2016
The Puerto Rico Society of Certified Public Accountants will host a seminar on how the island’s economic scenario will affect the insurance sector, which is expected to take a hit from the government’s debt restructuring process.
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Ambac sues Puerto Rico gov’t over ‘illegal’ clawbacks
January 8, 2016
New York-based Ambac Financial Group Inc. on Thursday filed a lawsuit to protect its rights against what it deemed the “illegal" clawback of certain revenue by the Commonwealth put into effect last month.
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Ch. 11 cases soar in Dec., with bankruptcy activity up 5%
January 5, 2016
Bankruptcy filings were up 5 percent year-over-year in December 2015, when the number of Chapter 11 cases on record soared by 385 percent when compared to the same month last year, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
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