Gila LLC to manage Puerto Rico electronic tolls system
August 4, 2015
Texas-based Gila LLC, has been awarded an Electronic Toll Collection System operations and maintenance contract for the toll roads owned and operated by the Puerto Rico Highways and Transportation Authority and Autopistas Metropolitanas of PR, known as Metropistas.
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80% of P.R. Universia pollsters favor entrepreneurship
August 3, 2015
Puerto Rico’s economic crisis, layoffs and company closures appear to have sparked an entrepreneurial spirit among young people, who, according to a recent poll by Universia and Trabajando.com, confirmed an interest in starting a business.
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USDA opens cycle for broadband build-out loans
August 3, 2015
The USDA announced the availability of loans to build broadband in rural areas, along with changes to the program required by the 2014 Farm Bill.
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Puma Energy pilots propane gas distribution plan
August 3, 2015
Looking to serve demand by vehicles and fleets making the conversion from gasoline or diesel to propane gas, Puma Energy will launch a pilot program later this month to begin offering propane gas at two of its service stations, company CEO Víctor Domínguez said.
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Puerto Rico’s economic activity drops 0.4% YOY in June
July 31, 2015
Puerto Rico’s economic activity registered a year-over-year decrease of 0.4 percent, and a month-over-month reduction of 0.3 percent, according to the latest index released by the Government Development Bank Thursday.
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Medical device maker Fresenius Kabi to invest $10M
July 30, 2015
To commemorate its 20 years in the city of San Germán, German company Fresenius Kabi will invest about $10 million in technology and automation of its manufacturing operations in three years, Eric James, CEO of parent company Fenwal International Inc., said Wednesday.
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Latino leaders urge federal gov’t to support Puerto Rico
July 29, 2015
The National Hispanic Leadership Agenda, a coalition of 39 of the U.S. mainland’s largest Latino advocacy organizations, held a press conference Tuesday with Congressional, Puerto Rican, and labor leaders today calling on President Obama and Congress to take action "to save Puerto Rico from economic disaster."
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Banking exec: Gov’t must act with ‘conviction, urgency’
July 27, 2015
The Puerto Rico central government is facing pressure to “act with more conviction and with more urgency” to address its dwindling liquidity, crushing debt and anxiety building up over the island’s fiscal problems.
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Institute of Statistics takes over Data.PR.gov initiative
July 27, 2015
The Puerto Rico Institute of Statistics has begun taking over the job of maintaining and developing the government’s technology initiative to open and disclose its data known as Data.PR.gov.
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Paulson & Co buys San Juan Beach Hotel for $20M
July 24, 2015
Hedge fund investor Paulson & Co. has bought the San Juan Beach Hotel in Condado for $20 million, and plans to renovate the beachfront property that shuttered earlier this year after filing for Chapter 11 bankruptcy protection.
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DirecTV employees support Juncos children’s shelter
July 24, 2015
DirecTV Puerto Rico employees took a break from their jobs Thursday to provide dozens of children who are victims of abuse with materials and resources for the upcoming start of the new school year.
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Private sector appoints execs in insurance, hospitality
July 21, 2015
In recent weeks, the private sector has continued moving ahead with job creation, naming a handful of executives in the areas of insurance and hospitality. Following are the most recent appointees.
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P.R. to become epicenter for LatAm business Aug. 13-14
July 20, 2015
Latin America and international commerce will be the topic of the upcoming meeting of the Business Council of Latin America, slated for Aug. 13-14.
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U.S. Senators submit companion Ch.9 inclusion bill
July 16, 2015
U.S. Senators Richard Blumenthal (D-Conn.) and Charles E. Schumer (D-N.Y.) announced The Puerto Rico Chapter 9 Uniformity Act, legislation they have co-authored and introduced to address the growing fiscal crisis in Puerto Rico by granting Puerto Rico the authority to allow its municipalities and public utilities to readjust their debts under the supervision of a bankruptcy court.
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Puerto Rico trade groups ready to work with gov’t
July 15, 2015
Representatives from 20 Puerto Rican trade associations said Tuesday they are ready to work with the government to jump-start the island’s economic development, proposing specific strategies to move things along.
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