Hyatt House San Juan opens in Convention Center zone
October 9, 2014
Hyatt House San Juan officially opened its doors Wednesday, becoming Puerto Rico’s first extended stay hotel and is the brand’s first Hyatt House hotel outside of the continental United States, company and government officials said.
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8 small businesses picked to operate in Roosy Roads
October 8, 2014
The Roosevelt Roads Redevelopment Authority announced the selection of eight microbusinesses from Puerto Rico’s eastern flank to establish operations inside the former Navy base that is currently being repurposed for public access.
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Walmart ‘tells its story’ in new institutional ad campaign
October 8, 2014
Walmart Puerto Rico announced the launch of a campaign in which partners, suppliers, manufacturing, agribusiness representatives and nonprofit entities take part in relating the the “positive impact that the presence of this company on the island has had on their lives and their businesses.”
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Study: Puerto Ricans’ personal wealth down 22%
October 7, 2014
Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
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Doral, Rooms to Go offer joint financing alternatives
October 7, 2014
Doral Mortgage and furniture retailer Rooms to Go recently announced a partnership to offer customers special financing offers on loans closed before Nov. 20, 2014.
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Casiano Communications files for Ch. 11 bankruptcy
October 6, 2014
Casiano Communications Inc., parent company of weekly English-language business publication Caribbean Business and a number of other subsidiaries, filed for Chapter 11 bankruptcy protection Monday, citing more than $8.5 million in debt.
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Puerto Rico bankruptcies up 3% in Sept., 903 cases filed
October 3, 2014
A total of 903 bankruptcy cases were submitted in Puerto Rico last month, with Chapter 13 — those applicable to individuals — leading the filings that resulted in a 3 percent year-over-year increase in activity, preliminary results released by research firm Boletín de Puerto Rico showed Thursday.
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Puerto Rico Agriculture Dept. lands $524K USDA grant
October 3, 2014
The U.S. Department of Agriculture announced Thursday a round of funding to strengthen markets for specialty crops, such as fruits, vegetables, tree nuts, horticulture and nursery crops, which will benefit Puerto Rico with a $524,511 grant to the Agriculture Department.
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Puerto Rico retail sales dip 1.12% in July
October 3, 2014
Puerto Rico’s retail activity saw a slight dip in July, when activity was down 1.12 percent to $3.10 billion, from the $3.14 billion reported for the same month in 2013, figures released by Puerto Rico Trade and Commerce showed Thursday.
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Puerto Rico Supplies Group expands farmers network
October 3, 2014
With an investment of more than five $5 million, Puerto Rico Supplies Group announced Thursday a partnership with a farmers network on the island to boost production of and create jobs.
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Puerto Rico Treasury Dept. unveils revamped website
October 3, 2014
The Puerto Rico Treasury Department unveiled Thursday its redesigned website, to among other things, promote “greater transparency and easier access to information and services,” agency Secretary Melba Acosta said.
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FDIC: Doral ‘significantly undercapitalized;’ stock plunges
October 2, 2014
Doral Financial Corp.’s stock plunged nearly 25 percent Wednesday after disclosing it had received a warning by Federal Deposit Insurance Corp. that it falls within its “significantly undercapitalized” category.
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EDB gets 46 new loan requests through new web app
October 2, 2014
A little over month after implementing an online service that enables citizens to interact with the agency in new ways, the Economic Development Bank for Puerto Rico said Wednesday it has received 46 applications for business loans, of which 32 are corporate applications and 14 applications for individual operations.
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Treasury: Sept. sales and use tax collections up 8.5%
October 2, 2014
Last month's Sales and Use Tax revenue, which includes transactions made in August, totaled $124.2 million, the highest level for a month of September since the SUT was implemented in November 2006, the Treasury Department said Wednesday.
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FirstBank joins Food Bank’s ‘Mochila Alegre’ program
October 2, 2014
In Puerto Rico, 56 percent of children live in families that suffer from food instability, according to 2011 data from the National Council of La Raza.
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