Palmas del Mar goes solar with $227K installation
July 6, 2015
The Palmas del Mar Homeowners Association recently inaugurated a $227,000 photovoltaic project, the first at Palmas del Mar, which will supply the electrical needs of it’s main building, an 11,000 square-foot facility.
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Puerto Rico bankruptcies +3% in June, -7% so far in ’15
July 2, 2015
Island bankruptcy cases for the month of June were up 3 percent, with total liquidation cases filing leading the pack, a preliminary tally from Boletín de Puerto Rico released Wednesday showed.
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FirstBank, Gustazos partner to offer points for purchases
July 2, 2015
FirstBank and Gustazos.com, an online platform that sells group discount offers, recently joined forces to provide additional benefit to the bank’s customers in the form of credit card points.
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P.R. governor creates work group to restructure debt
June 30, 2015
Puerto Rico Gov. Alejandro García-Padilla announced Monday a multi-pronged plan to address the island’s fiscal crisis to work with creditors on restructuring what he described as the “unpayable” $73 billion debt.
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Puerto Rico to host ICANN conference in fall of 2016
June 29, 2015
The Internet Corporation for Assigned Names and Numbers, known as ICANN, will host its third public meeting of 2016 in Puerto Rico, from Oct. 29 to Nov. 4, the organization announced late last week.
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Toyota Foundation opens environmental grant cycle
June 29, 2015
The Toyota Foundation recently opened this year’s environmental grant cycle, allocating $100,000 to subsidize the work of several community-based and nonprofit organizations focused on environmental issues.
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Popular Community Bank inaugurates new NY HQs
June 26, 2015
High-ranking Popular Inc. executives were in this city this week to inaugurate the new headquarters for its Popular Community Bank business in North America, with expectations that the operation will generate more than $100 million in revenue over the next two or three years.
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Total Petroleum to invest $32M in Puerto Rico
June 25, 2015
Total Petroleum Puerto Rico Corp. announced Wednesday plans to invest some $32 million to expand and renew its terminal located in Guaynabo.
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Seguros Múltiples to offer compulsory insurance
June 25, 2015
Starting July 1, the Cooperativa de Seguros Multiples will begin competing in the compulsory insurance market with a new policy known as the Seguros Múltiples Compulsory Insurance.
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‘Virtual Educa’ to hold ’16 conference in Puerto Rico
June 24, 2015
Puerto Rico will be the host of the 17th annual Virtual Educa 2016 International Gathering next year, on June 20-24, when thousands of educators from the region will gather at the Convention Center in Miramar.
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Retailer Anna’s Linen’s begins closeout sale at P.R. stores
June 22, 2015
Home goods retailer Anna’s Linens, which made its debut in Puerto Rico a little more than three years ago, has begun its going-out-of-business sale as part of a company-wide bankruptcy proceeding.
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Summit draws P.R./NY leaders lobbying for equality
June 19, 2015
Dozens of key Hispanic business leaders from New York, New Jersey and Puerto Rico gathered in New York this week for the first “Puerto Rican & Hispanic Business Summit” to discuss common business opportunities and challenges.
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Sea Star Line embarks on Port of San Juan expansion
June 18, 2015
Gov. Alejandro García-Padilla on Wednesday toured the San Juan port zone where marine cargo company Sea Star Line will invest $400 million to integrate two new cargo ships into its service and make terminal improvement to accommodate increased activity.
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GDB liquidity down 24% in May to $778.8M
June 16, 2015
The Puerto Rico Government Development Bank released Monday its latest liquidity report showing the agency had $777.8 million left as of May 31, representing a 24 percent drop from the $1.02 billion it had in April.
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P.R. featured in Christie’s global luxury real estate report
June 15, 2015
Christie’s International Real Estate has included Puerto Rico’s high-end real estate market in the third edition of its annual research that examines the world’s top cities for prime property. This is the first time the island is featured.
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