$70M Mennonite hospital planned for Coamo golf course
May 7, 2015
With an initial investment of some $70 million, the Mennonite Health System will begin construction of the first and only hospital located on the grounds of a golf course in Puerto Rico.
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Money Express marks 20 years despite market volatility
May 7, 2015
Small loans company Money Express, a FirstBank sister operation, is marking 20 years of doing business in Puerto Rico, where it commands a 22 percent market share with a $104 million loan portfolio.
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Robot that serves frozen yogurt debuts in Cayey
May 7, 2015
Puerto Rican firm Robofusion PR on Wednesday unveiled what is possibly the island’s first robot-operated frozen yogurt machine, up and running at the Econo grocery store in Cayey.
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Telecom Board edifying on human rights in Internet era
May 6, 2015
The Puerto Rico Telecommunications Board is heading a collaborative effort with the Baltasar Garzón International Foundation, headed by Spanish Judge Baltasar Garzón, to educate local judges and attorneys on human rights in the Internet era.
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Long-time Bankers Association executive VP retires
May 6, 2015
Arturo Carrión, who for the last 29 years served as executive vice president of the Puerto Rico Bankers Association, is retiring from his post on June 30, when he will be succeeded by Zoimé Álvarez-Rubio, trade group President José Rafael-Fernández announced Tuesday.
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Cuts loom as gov’t confirms $441M deficit for Fiscal ’16
May 5, 2015
Members of Gov. Alejandro García-Padilla’s fiscal team confirmed Monday the government will likely have to implement cutbacks across the board to address the $441 million deficit it is facing for the start of Fiscal 2016.
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Universia survey: Job opportunities are off the island
May 4, 2015
A recent survey conducted by the Universia-Trabajando.com Labor Community revealed that more than half, or 69 percent, of respondents from Puerto Rico believe that there are more job opportunities outside the island.
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Marriott unveils 4-yr, $15M remodel of Condado hotel
May 4, 2015
The San Juan Marriott Resort & Stellaris Casino is showing off the results of a nearly four-year, $15 million renovation project of the iconic Condado-area hotel, which included its 525-room and suites, two restaurants, its casino, meeting rooms and pool area.
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QBE Optima Insurance launches new travel protection
May 4, 2015
Travel is meant to be enjoyed. With that in mind, QBE Optima Insurance Company recently announced a new product, QBE Travel Insurance, to provide travelers protection, security and worldwide coverage.
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FDIC terminates First BanCorp.’s Consent Order
May 1, 2015
Nearly five years after falling under the Federal Deposit Insurance Corp.’s watch, First BanCorp, parent company of FirstBank Puerto Rico, announced Thursday the regulator has terminated the Consent Order under which it had been operating since June 2, 2010.
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Frappe maker La Frutera finds growth within Walmart
May 1, 2015
The business relationship between local frappe maker La Frutera and Walmart Supercenters has helped the local chain find growth, as more than half of its sales, or 54 percent, are generated through its presence within the mega-retailer, company officials said.
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Gov. García-Padilla to ‘take steps’ to navigate fiscal crisis
April 30, 2015
Gov. Alejandro García-Padilla said Thursday the government will take specific steps in coming months to face Puerto Rico’s fiscal crisis, which include no new taxes and no job cutbacks.
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Jeb Bush supports Puerto Rico statehood, Ch. 9 option
April 29, 2015
Former Florida Gov. Jeb Bush, who is expected to announce his run for the U.S. presidency in 2016, expressed his support Tuesday for Puerto Rico’s statehood as well as its right of its government agencies to file for bankruptcy protection under Chapter 9 of the U.S. tax code.
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3rd edition of Tech Summit focusing on entrepreneurship
April 29, 2015
With the participation of important international players in the fields of technology and computing and chief information officers from Latin America and the U.S. mainland, the government announced Tuesday the upcoming third edition of the Tech Summit, slated for May 13.
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Public school students learn about construction careers
April 29, 2015
The Associated General Contractors of America, Puerto Rico Chapter, in coordination with the Department of Education will conduct the annual closing of its “Build Up!” and “On Site!” programs May 12, when some 300 children and 50 adults from island public schools will gather.
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