Puerto Rico automakers report ‘grave’ July results
August 13, 2014
Puerto Rico automakers sold a meager 6,324 units last month, representing a 21.3 percent year-over-year drop and marking the sixth consecutive month the sector has seen a reduction in activity, the United Automobile Importers Group said Tuesday.
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Court orders Doral, Treasury to negotiate tax refund deal
August 12, 2014
The saga between Doral Financial Corp. and the Puerto Rico Treasury Department that began earlier this summer took another turn recently, when a local court ordered the parties to sit down and negotiate an agreement that would grant the bank a $229 million tax refund.
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Walmart to sell Puerto Rico-made HDTV antennas
August 12, 2014
As part of its program to support Puerto Rican industry, Walmart Puerto Rico announced Monday an agreement with local company Antenas del Caribe to purchase HDTV antennas manufactured in the island to sell at its chain.
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Stack Sandwich Factory urges ‘eating with a purpose’
August 11, 2014
Philanthropy and the private sector are two concepts that pretty much go hand-in-hand, as companies constantly seek to align themselves with the communities they serve.
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Fitch: Ch. 9 extension would be a positive for Puerto Rico
August 7, 2014
The extension of Chapter 9 provisions governing the adjustment of municipal debt in Puerto Rico would be a positive and important development for Puerto Rico and holders of debt of its public utilities and public instrumentalities, Fitch Ratings said Wednesday.
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Nova Southeastern Univ. opens campus in Puerto Rico
August 7, 2014
Nearly two decades after first inserting itself into Puerto Rico’s pharmacy education setting through partnerships with local colleges, Nova Southeastern University will open the doors this month to its own stand-alone campus to further its mission of preparing professionals.
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Puerto Rico farmers still on time to apply for USDA funds
August 7, 2014
Puerto Rico farmers and ranchers still have time to apply for low interest 2014 loans available through the U.S. Department of Agriculture’s Farm Service Agency’s direct farm ownership program.
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Gov’t backs extending Roosy Roads Authority law
August 6, 2014
High-ranking García-Padilla administration officials this week backed the proposed extension of Law 508 to stretch the life of the Roosevelt Roads Local Redevelopment Authority for an additional 30 years.
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Auto dealer offers up to $3K to help consumers upgrade
August 6, 2014
Given the large volume of people driving around cars that have surpassed their useful life in the market, a Puerto Rican auto dealership has come up with an incentive to help consumers upgrade to a newer unit.
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Sacred Heart University announces new president
August 5, 2014
Sacred Heart University in Santurce has a new president, Gilberto Marxuach-Torrós, named by the institution’s trustees to succeed José Jaime Rivera, who announced his resignation in February after heading the Catholic college for more than two decades.
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Economist: Solving PR’s power costs conundrum feasible
August 4, 2014
The island’s electricity costs — significantly high in comparison to most competitive economies — could be solved by making a series of difficult choices to fix the Puerto Rico Electric Power Authority’s escalating problems and take advantage of a new energy order that is driving down prices around the globe.
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Puerto Rico’s economic activity slides on public payroll
August 4, 2014
Puerto Rico’s economic activity index for the month of June showed a 1.0 percent year-over-year reduction, after showing a 1.1 percent YOY decrease in June 2014.
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Puerto Rico to host regional telecom conference
August 4, 2014
Puerto Rico will host this year’s annual Latin American Forum of Telecommunications Regulators convention in November, when industry representatives from the region will convene to discuss and seek solutions to current issues.
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Hoteliers tell Senate of ‘Porta del Sol’ shortcomings
July 31, 2014
The head of the Puerto Rico Small Inn Owners Association, Tomás Ramírez, told lawmakers Wednesday that the so-called Porta del Sol strategic plan for the island’s western flank has had “a disjointed and slow implementation.”
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Colombia pursues exchange with Puerto Rican IT sector
July 29, 2014
NEW YORK — Colombia, a country that in the first quarter of 2014 saw an economic growth of 6.4 percent year-over-year, is aggressively pursuing business opportunities in the Americas through commercial agreements with a spectrum of sectors.
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