New Telecom Board nominee gets industry support
October 16, 2015
The Senate’s Banking, Insurance and Telecommunications Committee on Thursday evaluated the appointment of Gladys A. Maldonado-Rodríguez as associate member of the Puerto Rico Telecommunications Regulatory Board.
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Governor submits bill to create fiscal supervisory board
October 16, 2015
Gov. Alejandro García-Padilla submitted late Thursday to the legislature the bill that will give way to the creation of a five-member fiscal oversight board that among other things, will be responsible for enforcing compliance with approved budgets.
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UPR Cancer Center to unveil $15M radiotherapy center
October 14, 2015
The University of Puerto Rico’s Comprehensive Cancer Center (UPRCCC) will inaugurate its new $15 million Radiotherapy Center in November, featuring the most modern technology available in Puerto Rico for radio-oncology treatments.
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Ford grants $40K to environmental projects in P.R.
October 13, 2015
Nine nonprofit organizations were the recipients of $40,000 in grants available through Ford Motor Company’s Conservation and Environment Grants Program, to keep their environmental preservation projects going.
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AT&T extends Voice Over LTE service to P.R., USVI
October 9, 2015
AT&T announced Thursday the launching of its Voice over LTE (VoLTE) service in Puerto Rico and the U.S. Virgin Islands, offering HD Voice that enables customers to experience crystal clear conversations while simultaneously surfing the Web at 4G LTE speeds.
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Pierluisi files bill asking U.S. Treasury to guarantee loans
October 9, 2015
Resident Commissioner Pedro Pierluisi introduced a bill Thursday that would authorize the U.S. Treasury Department to guarantee repayment of principal and interest on bonds to be issued in the future by the island’s bond-issuing public entities, but only if the agency certifies that the commonwealth has “demonstrated meaningful improvement in managing its public finances.”
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InterAmerican unveils air traffic control training package
October 9, 2015
Students who successfully complete air traffic control training at Airways New Zealand’s training hub in Puerto Rico, and who pass the FerroNATS selection process, will have the opportunity to enter the job pool of one of Europe’s premier air traffic services providers.
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Walmart inaugurates $38M supercenter in Hatillo
October 8, 2015
With an investment of $38 million and the creation of 256 new jobs, Walmart inaugurated Wednesday a new Supercenter in Hatillo, through which it hopes to positively impact the commercial activity of the island’s northwest area and economic development as a whole.
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Study: P.R. nabs $198M in cruise ship business in ’14-’15
October 8, 2015
Puerto Rico benefitted from $198 million in total cruise tourism expenditures during the 2014/2015 cruise year, which in turn, generated 5,209 jobs and $75 million in wages, according to a study released Wednesday by Business Research & Economic Advisors.
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TMF Group USA expands biz support services to P.R.
October 2, 2015
Global business services provider TMF Group, announced this week it will begin offering corporate secretarial, human resources administration, payroll, and accounting services in Puerto Rico to support companies looking to start or expand operations on the island.
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Transcita trains, certifies reps on mental health first aid
October 2, 2015
Non-emergency health transportation services company TransCita recently started a program to train and certify its passenger service representatives with a course titled “Mental Health First Aid.”
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PR Energy Commission rejects rate increase petition
October 2, 2015
The Puerto Rico Energy Commission issued a resolution Thursday denying a petition by the National Public Finance Guarantee Corp., which insures $1.4 billion in Puerto Rico Electric Authority bonds, for a rate review and establishment of a temporary rate increase of at least 4.2¢ per kilowatt-hour.
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Pastelería Cidrines partners with SBCC to fuel growth
October 2, 2015
Puerto Rican bread and pastry company Pastelería Cidrines announced Thursday it has entered into a partnership with Small Business Community Capital (SBCC), an investment fund associated with the Small Business Administration, to fuel its growth plans, including the introduction of new products locally and its expansion in the continental U.S. market.
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El San Juan Resort & Casino launching $40M upgrade
October 1, 2015
The new operators of the El San Juan Resort & Casino, Aimbridge Hospitality, will be embarking on a $40 million renovation and rebranding of the iconic property, slated to begin in April 2016 and be ready by next fall, the property’s new General Manager Jeff Lesker said Wednesday.
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Nonprofits launch ‘Goal 1B’ to spur local biz networking
October 1, 2015
The National Minority Supplier Development Council (NMSDC) and the Puerto Rico Minority Supplier Development Council (PRMSDC) announced Wednesday the upcoming start of “Goal 1B,” a strategy designed to help Puerto Rican industries expand their market.
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