Puerto Rico auto sales plummet by 20.1% in Aug.
September 12, 2014
Puerto Rico’s auto industry skid into its seventh month of sales losses in August, when activity was down 20.1 percent in comparison to the same month last year.
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Plaza Las Américas, MasterCard launch biz competition
September 12, 2014
Looking to give the island’s economic activity a much-needed push through entrepreneurship, Plaza Las Américas is joining forces with MasterCard, the Puerto Rico Economic Development Bank, and the Puerto Rico Trade and Export Company to launch the "Journey to Business Success" competition for business development.
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Metro Pavia Health System unveils $6.3M expansion plan
September 12, 2014
Metro Pavia Health System announced Thursday the start of its new $6.3 million growth and development plan for its medical facilities located in Puerto Rico’s north-central region with a groundbreaking ceremony for its future Metropolitan Office Building at the Hospital Metropolitano Dr. Susoni in Arecibo.
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Migration aggravating island’s battered housing market
September 11, 2014
The accelerated rate at which Puerto Rico is losing population — particularly the younger, productive segment — is placing significant pressure on the island’s housing market, which continues to experience ongoing decreases in sales and rental activity.
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Private sector group to tout Puerto Rico’s advantages
September 11, 2014
Members of a newly formed nonprofit, non-partisan organization under the name Puerto Rico is the Answer has taken upon itself the task of actively help international investor prospects identify and set up attractive business ventures on the island, using fiscal autonomy as the cornerstone of the effort.
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Ana Botín to chair Banco Santander after father dies
September 11, 2014
The board of directors of Banco Santander unanimously agreed Wednesday to appoint Ana Botín as its chair, following the sudden death of her father, Emilio Botín, who during his tenure steered the Spanish bank into one of the most relevant financial institutions in the world.
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Kelly Services marks 50 years in business in Puerto Rico
September 11, 2014
Kelly Services is celebrating its 50th anniversary in Puerto Rico, where it has placed thousands of individuals in temporary and permanent positions and made a significant financial contribution to the island’s economy since September 1964.
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Doral Financial Corp. sells $430M in assets to Barclays
September 10, 2014
Doral Financial Corporation, the financial services holding company of Doral Bank, with operations in Puerto Rico and the U.S. mainland, announced Tuesday the sale of some $430 million in assets to Barclays Inc.
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Oriental Bank expands online, mobile capabilities
September 10, 2014
Oriental Bank, a subsidiary of OFG Bancorp, announced Tuesday it is beefing up its Internet and mobile banking services with the launch of “People Pay,” and adding the ability for clients to open accounts online.
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UPR Medical Science campus gets $140K from OSHA
September 10, 2014
The U.S. Department of Labor’s Occupational Safety and Health Administration has awarded the University of Puerto Rico Medical Science Campus $139,960 to provide safety training to temporary workers in both construction and general industries in Puerto Rico.
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‘Puerto Rico is the Answer:’ New investment think-tank
September 9, 2014
With the goal of stimulating the investment of national and foreign capital, a group of Puerto Rican experts in the fields of finance and economy have come together to create action-tank “Puerto Rico is the Answer,” to drum up investments for the island.
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Economist: Island recession not consumption-driven
September 8, 2014
The recession that has affected Puerto Rico’s economy for the better part of the last eight years has not been consumption-driven, but has been the worst in terms of consumption deceleration, especially in the area of durable consumption, an analysis by economist firm H. Calero Consulting Group Inc. concluded.
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TRB to help Puerto Rico entities request FCC funding
September 8, 2014
The Puerto Rico Telecommunications Regulatory Board will be working with local entities interested in presenting proposals to the Federal Communications Commission’s Rural Broadband Experiments program, which has $100 million available to assign across the U.S. and its territories.
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Lopito, Ileana & Howie opens remodeled office space
September 8, 2014
Framed in a creative vibe and in the company of clients, employees, artists and advertising industry executives, agency Lopito, Ileana & Howie recently opened its remodeled workspace, marking 42 years in business.
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Nat’l University inaugurates $6M Río Grande expansion
September 8, 2014
Just in time for the new semester, National University College recently inaugurated a $6 million expansion to its Río Grande campus, expanding its capacity there to 2,800 students, institution President Gloria Baquero said.
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