Appointments in PR, tech, hospitality, insurance
December 23, 2014
Puerto Rican executives were named recently to positions within the public relations, technology, hospitality and insurance industries.
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Doral, Rooms To Go grant family new, furnished home
December 23, 2014
Doral Bank and retailer Rooms To Go, in partnership with Proyecto ENLACE, announced Monday the culmination of a campaign that granted a three-bedroom home to a low-income family residing in the Martin Peña Channel community in San Juan.
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Cuba opening poses challenge, prospects for Puerto Rico
December 18, 2014
The White House’s announcement Wednesday of charting a “new course” in its relations with Cuba drew immediate response from decision- and opinion-makers in Puerto Rico, which agreed for the most part that pulling the neighboring island country out of its isolated state will present challenges and opportunities in years to come.
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Puerto Rico car sales dip 17.2% in November
December 18, 2014
Despite a seemingly unstoppable downward spiral of auto sales in Puerto Rico, which dropped by 17.2 percent last month when compared to November 2013, the United Automobile Importers Group remains optimistic that there will be an improvement when the year wraps up in about two weeks.
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Tourism eyed as ‘pillar’ of economic development
December 17, 2014
Members of the Puerto Rico Chamber of Commerce told members of the Legislature Tuesday that it is “imperative that the government maintain an active and coherent public policy” when it comes to the tourism sector, which they believe is a “pillar” of economic development for the island.
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Sea Star Line exploring adding Puerto Rico barge service
December 16, 2014
Sea Star Line, LLC announced Monday its intention to add a weekly container barge service to its existing sailing schedule.
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Panel of experts offers ‘wish list’ for Puerto Rico growth
December 12, 2014
NEW YORK — A panel of experts comprising analysts, economists and financial advisors gathered in Manhattan on Friday to analyze Puerto Rico’s current fiscal conditions and offer suggestions for turning the ship around in 2015, many of which require tough decisions.
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Puerto Rico is 13% more expensive than many U.S. areas
December 12, 2014
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index.
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Nonprofit proposes new work tax credit for families
December 12, 2014
Aiming to encourage work in the formal economy while neutralizing regressive consumption taxes, the Center for a New Economy recently commissioned the Urban Institute in Washington D.C. to conduct a study that proposes a new work credit focused on working families with children making between $7,500 and $25,000.
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EDB receives 135 new online loan applications
December 12, 2014
A little more than three months after launching its online loan application tool, the Economic Development Bank disclosed Thursday it has received 135 new requests for funding.
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Liberty vows to better services for Choice Cable clients
December 11, 2014
Less than two years after picking up the assets of the former OneLink cable system in the greater San Juan area, Liberty de Puerto Rico announced Wednesday its intention to buy the only other cable provider left on the island, Choice Cable in Ponce.
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Puerto Rico retail sales up 1% in September vs. ’13
December 11, 2014
Retail sales of commercial in Puerto Rico were up 1.06 percent in September 2014 compared to the same month in 2013, Puerto Rico Trade and Export said Wednesday.
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Liberty Puerto Rico to buy Choice Cable for $272.5M
December 10, 2014
Liberty Cablevision of Puerto Rico LLC announced Wednesday that affiliates of its indirect majority shareholder, Liberty Global and its indirect minority shareholder, Searchlight Capital Partners, L.P., have entered into an agreement to acquire 100 percent of the parent of Puerto Rico Cable Acquisition Company Inc., which does business as Choice Cable TV.
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Study: Banking clients ‘more satisfied’ with credit unions
December 10, 2014
Tired of ATM fees, overdraft penalties, charges for checking account maintenance, among other service expenses, customers are tilting more toward credit unions over commercial banks, the most recent report by the American Customer Satisfaction Index, overseen in Puerto Rico by Anderson Research International, concluded.
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UBS Puerto Rico slashes 40 jobs in restructuring
December 9, 2014
UBS Puerto Rico is cutting 40 out of 100 positions as part of a restructuring announced earlier this year that could also entail closing at least two of its five local offices. The layoffs are effective immediately.
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