Sun West Mortgage opens new Guaynabo headquarters
April 23, 2015
After four years of having successfully established itself on the island, mortgage finance company Sun West Mortgage Company inaugurated Wednesday its new expanded headquarters in Guaynabo’s Maramar Square, from where it will collaborate with offices in the U.S. mainland and the U.S. Virgin Islands.
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Puerto Rico Restaurant Week returns May 27-June 3
April 23, 2015
Puerto Rico will celebrate the fourth edition of the “Puerto Rico Restaurant Week” gastronomic event, slated to take place from May 27 to June 3.
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Pronto Wash reinvents itself, increases traffic
April 23, 2015
Pronto Wash, an operator of car wash facilities at 17 malls, recently overhauled its marketing program to attract more customers through memberships. As a result, the chain said it has a “significant traffic increase” and signed up more then 1,000 new members in nine months.
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Popular invests $250K in Community Investment Fund
April 23, 2015
Fulfilling its social responsibility goals, Banco Popular recently became the first bank to invest in the Community Investment Fund run by the Puerto Rico Community Foundation, investing $250,000.
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GDB: Puerto Rico gov’t could shut down in 3 months
April 22, 2015
The Puerto Rico Government Development Bank (GDB) warned Gov. Alejandro García-Padilla that without an approved tax reform and a budget adjusted to public spending and the island’s fiscal reality, the government could run out of money and shut down within the next three months.
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Science Trust grants $1.8M to 12 local scientific projects
April 22, 2015
The development of new drugs against malaria, the creation of hybrid technologies to further communications and aviation, as well as advances in biotechnology to purify water, are several of the initiatives that will be made possible thanks to the awarding of grants for 12 scientific projects, given by the Puerto Rico Science, Technology & Research Trust.
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Economist: Oil tax and government liquidity don’t mix
April 21, 2015
The strategy set forth by Gov. García-Padilla’s administration to try shore up liquidity for the Government Development Bank for Puerto Rico through the reliance on a recently approved oil tax hike may fall short if prices increase, or the island’s population continues to shrink, economist firm H. Calero Consulting exposed in its most recent monthly publication.
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Facebook includes Gustazos in global success stories list
April 21, 2015
Social media giant Facebook recently added Puerto Rican online marketing company Gustazos.com to its list of “success stories,” praising the firm’s use of the platform to further its business.
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Popular rolls out new mobile banking services, iPad app
April 21, 2015
Banco Popular de Puerto Rico announced Monday the addition of new free mobile banking services through its “Mi Banco Móvil” platform, including a tailored app for iPad users.
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Claro deploys broadband service in Guayama
April 21, 2015
Telecommunications provider Claro announced Monday that some 592 residents of the Jobos, Palmas and Pueblito del Carmen sectors of the southern town of Guayama will now have access to broadband and all of the services associated with the technology.
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Saborea culinary fest on through Sunday in San Juan
April 10, 2015
The eighth edition of “Saborea Puerto Rico, A Culinary Extravaganza” is taking place this weekend, when chefs and “foodies” will descend upon a beachfront bluff at the El Escambrón beach in San Juan for the event that has secured the island’s place on the region’s gastronomic map.
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Chocolate Cortés now sold in Gustos Coffee machines
April 9, 2015
Gustos Coffee Co. and Chocolate Cortés signed an agreement to include the latter company’s products in more than 1,800 automated vending machines that serve coffee, chai tea and chocolate in Puerto Rico.
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Aerostar pumps $800M into LMM Airport in 2 years
April 8, 2015
In its first two years as the operator of the Luis Muñoz Marín International Airport, Aerostar Airport Holdings has pumped $800 million into the facility that is already showing an improved and more modern look and feel, and saw a 3 percent increase in passenger traffic last year.
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Novus Inc. faces $1.2M suit for selling knock-off purses
April 7, 2015
California-based handbags retailer Nicole Lee filed a civic complaint against Novus Inc. and Grupo Novus Inc. for allegedly “importing, distributing, offering for sale and/or selling” knock-off merchandise in Puerto Rico.
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PRMA: Lower energy costs, single message are key
April 7, 2015
To effectively compete in global markets, Puerto Rico should significantly reduce energy costs and “work in unity of purpose with one voice” to ensure special tax treatment to stateside companies established on the island, said Puerto Rico Manufacturing Association President Carlos Rivera-Vélez during a recent trip to Washington, D.C.
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