Doral sues Puerto Rico gov’t over denied $230M refund
June 6, 2014
Doral Financial Corp. filed a lawsuit at the San Juan Superior Court and a Writ for Certification in the Puerto Rico Supreme Court, alleging that the government illegally nullified its agreement to refund the bank nearly $230 million in tax overpayments.
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Puerto Rico Tourism Co. looks to promote local activity
June 6, 2014
The Puerto Rico Tourism Co. unveiled Thursday its “Five Star Vacations” campaign, aimed at encouraging local tourism on the island to help stimulate economic activity.
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Claro offers new plans to clients who bring own phones
June 6, 2014
Telecommunications carrier Claro de Puerto Rico announced Thursday a gamut of new plans exclusive to clients who bring their own devices when they sign up for service.
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Survey: Puerto Rico broadband availability reaches 77%
June 5, 2014
New research released Wednesday by Connect Puerto Rico shows that broadband availability at speeds of at least 50 Mbps download/1.5 Mbps upload available in Puerto Rico has more than tripled from 24.3 percent in October 2013 to 76.9 percent in April 2014, excluding mobile wireless services.
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Plaza Las Américas food court getting $5M facelift
June 5, 2014
With a projected investment of more than $5 million, Plaza Las Américas will embark on a remodeling plan this summer of its popular food court, known as “La Terraza,” mall operators announced Wednesday.
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Liberty adds new HD channels to video lineup
June 5, 2014
Liberty Puerto Rico added Puerto Rico TV HD and TeleIsla HD to its high definition video lineup. Liberty is the first provider to offer TeleIsla HD in Puerto Rico.
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PRASA to deploy fiber-optic network through its pipes
June 4, 2014
Puerto Rico Aqueduct and Sewer Authority Executive Director Alberto Lázaro announced today the start of “Zum,” a project through which the agency will use its infrastructure to deploy fiber-optic technology to make interconnecting the island to high-speed broadband a reality.
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Critical Hub launches home gigabit broadband service
June 4, 2014
Critical Hub Networks announced Tuesday the launch of Optico Fiber, Puerto Rico’s first Gigabit Fiber-to-the-Home Internet service.
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Economist firm: Puerto Rico still ‘moving sideways’
June 4, 2014
Puerto Rico needs to find its “true north,” by aligning all of its efforts and resources toward achieving economic growth and job creation, or risk experiencing an outcome “much worse than has so far been imagined,” said economist firm H. Calero Consulting Group in its most recent edition of “Compass,” an internal publication.
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Doral sells $241M in loans to FirstBank; weighs options
June 3, 2014
Doral Financial Corp. announced Monday it has entered into an agreement to sell $242.1 million in loans to FirstBank Puerto Rico through a transaction that closed May 30.
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Puerto Rico bankruptcy cases up 0.7% in May
June 3, 2014
The U.S. Bankruptcy Court for the District of Puerto Rico received more than 1,000 petitions in May, when filings were up 0.7 percent in comparison to the same month in 2013, according to information provided Monday by local research firm Boletín de Puerto Rico.
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Toyota ‘adopts’ stretch of Muñoz Rivera Avenue
June 3, 2014
Looking to uphold its commitment to the environment and the community, Toyota de Puerto Rico announced its participation in the Department of Transportation and Public Works’ “Adopt a Highway” program, taking over the responsibility for cleaning and beautifying a stretch of Muñoz Rivera Avenue in Río Piedras, where its headquarters are located.
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Puerto Rico’s 1st Olive Garden opens June 30 in Bayamón
June 2, 2014
Years of anticipation for the arrival of the Olive Garden Italian restaurant chain to Puerto Rico will end June 30, when the island’s first location will open to the public in Bayamón, franchise owners Restaurant Operators Inc. announced.
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Kona Grill restaurant to open at Mall of San Juan in ’15
June 2, 2014
Modern American grill and sushi bar, Kona Grill, will be opening its first restaurant outside the continental United States on the island in 2015, when it takes its place among some of the world’s most high-end retailers at The Mall of San Juan, this media outlet confirmed.
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Gov’t breaks ground on $16M ‘Sciences Boulevard’
June 2, 2014
Gov. Alejandro García-Padilla and U.S. Secretary of Transportation, Anthony Foxx jointly announced over the weekend the beginning of construction for the “Sciences Boulevard,” a $16 million project that will become the main artery in the Science City district.
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