Puerto Rico bankruptcies soar in Nov., up 23%
December 4, 2015
Bankruptcy filings soared by 23 percent in November, when a total of 950 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico Thursday.
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Science Trust grants $350K to fund new research
December 3, 2015
The Puerto Rico Science, Technology and Research Trust announced Wednesday the five winners of a combined $350,000 in grant funding through the Small Research Grant Program program.
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950 private-sector co.’s ask for Christmas bonus waiver
December 2, 2015
About 950 Puerto Rico-based private-sector companies have asked the Department of Labor and Human Resources to be exempted from paying this year’s Christmas bonus, the agency revealed Tuesday.
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Gov’t makes $354M debt service payment via clawbacks
December 1, 2015
The Puerto Rico Government Development Bank announced today it has met its scheduled payments of $354 million in principal and interest after Gov. Alejandro García-Padilla instructed his fiscal team to redirect available revenues from other instrumentalities by activating contractual clawback provisions.
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Gov: Paying $354M due depends on creditor talks
December 1, 2015
A decision by the Puerto Rico government to make the $354.7 million payment on Government Development Bank Senior Notes due today will come down to the wire and will depend on the outcome on talks with creditors, Gov. Alejandro García-Padilla said.
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$354M bond payment, SCOTUS decision loom this week
November 30, 2015
The government of Puerto Rico is facing a busy week with the development of three key events on- and off-island, headed by a decision to make a $354 million bond payment by the Dec. 1 deadline.
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Palmas del Mar, Para la Naturaleza partner to educate
November 30, 2015
The Palmas del Mar Residents Association and Para La Naturaleza recently partnered on an initiative through which residents will be able to join the latter’s Amigos program to learn about the Pterocarpus Forest located on the grounds of the Humacao resort community.
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Psychology project moves to InnovateHER semifinals
November 25, 2015
Emerging company School Climate Solutions will represent Puerto Rico in the semifinal round of the InnovateHER challenge sponsored by the U.S. Small Business Administration, it was announced Wednesday.
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CienciaPR gets $1.6M grant to develop science experts
November 20, 2015
Nonprofit organization Ciencia Puerto Rico has received a $1.6 million, five-year grant from the National Institutes of Health to establish, in collaboration with Yale University, an innovative program to transform the training of young scientists on the island and stateside.
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Medical tourism industry making inroads in Puerto Rico
November 20, 2015
A year after its establishment, the Medical Tourism Corp. has spearheaded Puerto Rico’s efforts toward the fulfillment of specific projects that are generating an immediate economic impact for the sector, the entity’s Executive Director Francisco G. Bonet said Thursday.
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USDA awards $14M in funds to 21 island projects in ’15
November 20, 2015
The U.S. Department of Agriculture awarded just over $14 million to fund 21 projects in Puerto Rico during the 2015 fiscal year, a record figure that went toward modernizing infrastructure, providing essential services and improving access to health care, José Otero-García, Rural Development State Director for Puerto Rico, said.
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Microsoft in line to harmonize gov’t accounting systems
November 19, 2015
Microsoft Corp. could be close to landing a contract to implement a unified accounting system across Puerto Rico government agencies, which currently are unable to share data with each other, making reporting a challenge.
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Caribbean climate change conference wraps up today
November 18, 2015
Dignitaries, scientists and government officials from the Caribbean and the U.S. mainland are gathered in Puerto Rico this week to discuss climate change in the Caribbean, and its consequences for the region.
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H&M to open at Plaza del Sol, new tenants for Plaza
November 17, 2015
Swedish clothing retailer H&M will make its Puerto Rico debut with two stores next year, with the first one likely to open at Plaza del Sol in Bayamón, for which it is already seeking management staff, according to its website.
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T-Mobile exec: Wearables, industry fusions ahead for ’16
November 16, 2015
The better part of the past two years have been very busy for wireless carrier T-Mobile, which has taken it upon itself to “disrupt” the industry with its so-called “UnCarrier” moves.
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