105 businesses on Piñero Ave. not up to fire code
March 21, 2014
A round of inspections by the Puerto Rico Fire Department of businesses located along busy Piñero Avenue in San Juan uncovered that dozens of commercial establishments are not up to code, agency Chief Ángel Crespo-Ortiz said Thursday.
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Carrión: P.R. ‘at threshold of 2nd economic transformation’
March 20, 2014
Puerto Rico is at the threshold of a second economic transformation — from an industrial to a knowledge-based and services economy — and has the necessary infrastructure to pull out of its current crisis and build a “stronger and more vibrant economy.
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Saborea Puerto Rico culinary fest returns April 4-6
March 20, 2014
The Puerto Rico Hotel and Tourism Association offered details Wednesday of this year’s edition of Saborea Puerto Rico: A Culinary Extravaganza, which trade group President Clarisa Jimenez called “the most important culinary event in the Caribbean.”
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Feds certify 30 local companies for highway contract bids
March 20, 2014
The Puerto Rico Highway and Transportation Authority confirmed Wednesday that 30 local companies have been certified to participate in bids for federally funded highway and transportation projects, which will help “strengthen the economy and improve the quality of life.”
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Electricity costs taking a bite out of restaurant business
March 19, 2014
Payroll, food and electricity represent the three major expenses for Puerto Rico restaurants, which are feeling the crunch of rising costs all-around, Restaurant Association President Carlos Morell said Tuesday during a public hearing at the Senate.
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Treasury to start sending out tax refunds this week
March 19, 2014
The Puerto Rico Treasury Department is kicking this year’s tax season into high gear this week, when it will begin cutting tax refund checks and will open eight tax return orientation and preparation centers today, agency officials said.
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Doral tells SEC it will be late with ’13 annual report
March 19, 2014
Problems with internal reviews of data related to its allowance for loan and lease losses and the related provision for loan and lease losses will prevent Doral Financial Corp. to file its 2013 annual report in a timely manner with the Securities and Exchange Commission, the bank told the regulator Tuesday.
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Union: GFR Media to lay off about 40 workers today
March 18, 2014
An estimated 40 workers — unionized and management — will receive pink slips today from GFR Media Inc., parent company of newspapers El Nuevo Día, Primera Hora and Índice, this media outlet learned.
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Puerto Rico jobless rate at 15.2% in Jan., up slightly YOY
March 18, 2014
Puerto Rico’s unemployment rate reached 15.2 percent in January, up slightly from the 14.6 percent on record for the same month in 2013, but down marginally from the 15.4 percent the Department of Labor and Human Resources confirmed for December 2013.
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COSSEC effects temporary rule on surplus allocations
March 18, 2014
The Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as COSSEC in Spanish, announced Monday the implementation of a temporary rule applicable to the distribution of surplus revenue — a statute designed to ensure the health and financial soundness of the island’s credit unions in the face of credit rating changes.
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Grupo Guayacán kicks off business building competition
March 17, 2014
Grupo Guayacán, a nonprofit that seeks to couple private equity investment with a series of programs aimed at developing, strengthening, and advancing Puerto Rico’s entrepreneurial ecosystem, announced over the weekend the start of its annual EnterPRize Business Building Competition.
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Governor sends bill to Legislature to tackle tax evasion
March 17, 2014
As part of the government’s strategies to increase tax evasion oversight, Puerto Rico Gov. Alejandro García-Padilla sent a bill to the Legislature that will allow the use of certified payment processors in all local businesses, as well as the exchange of information between municipalities and the Treasury Department.
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Under the Trees eatery quietly closes in Condado
March 17, 2014
Nearly five years after opening as one of the main dining attractions at the Doubletree by Hilton at Gallery Plaza hotel in Condado, restaurant Under the Trees quietly closed its doors Sunday, a decision announced on its Facebook page.
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Roosy Roads Authority opens RFP for eco-tourism services, projects
March 14, 2014
The Roosevelt Roads Redevelopment Authority opened Thursday a Request for Proposals process for small entrepreneurs and merchants located mostly in the eastern region of Puerto Rico seeking to launch eco-tourism services, nature related tourism projects, recreational and/or complementary activities.
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Highway Auth. to give discount on ‘AutoExpreso’ tickets
March 14, 2014
The Puerto Rico Highway and Transportation Authority will kick off next week a new ticket discount program for drivers who have used the “AutoExpreso” lane without the funds needed to cover the toll.
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