‘Code for America’ fellows to develop gov’t solutions
February 7, 2014
A group of Code for America (CfA) programmers will be helping the Puerto Rican government develop tools to address the island’s civic needs, CIO Giancarlo González and Science, Technology and Research Trust Executive Director Iván Ríos-Mena announced Thursday.
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Appointments at Sila Calderón Foundation, Dorado Ritz
February 7, 2014
This week's Corporate Ladder features appointments at the Sila Calderón Foundation and the Dorado Beach, a Ritz-Carlton Reserve.
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SME Sales Summit to focus on educating sales forces
February 7, 2014
Recognizing that sales are the engine to move the economy forward, the Puerto Rico Sales and Marketing Association will present international speaker Milton Olave during its upcoming SME Sales Summit conference.
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Gov. García-Padilla unveils measures to address S&P cut
February 6, 2014
The governor also instructed agencies to accelerate infrastructure investment plans to revive the economy. In that vein, the government has identified $800 million in public and private investment in infrastructure projects that it will push aggressively.
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Private sector groups offer expertise in wake of S&P cut
February 6, 2014
The decision Tuesday by Standard & Poor’s to downgrade Puerto Rico’s rating to junk status has prompted swift reaction from private sector components, which have stepped forward to offer their expertise to help the government dig out of its fiscal hole.
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Puerto Rico’s co-op sector is ‘ready to face’ downgrade
February 6, 2014
Puerto Rico’s co-ops is ready to weather the storm expected from the decision by Standard and Poor’s to downgrade the island’s credit rating to junk, contrary to other economic sectors, which may be adversely affected, industry representatives said Wednesday.
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USDA opens ‘Climate Hubs’ across U.S., Puerto Rico
February 6, 2014
U.S. Department of Agriculture Secretary Tom Vilsack announced Wednesday the creation of the first ever “Regional Hubs for Risk Adaptation and Mitigation to Climate Change” at seven locations around the country, and Puerto Rico.
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S&P slashes Puerto Rico rating to junk; gov’t reacts
February 5, 2014
More than a year after warning about the possibility, Standard & Poor's Ratings Services on Tuesday made good on its word and cut its rating of Puerto Rico’s general obligation debt to 'BB+' from 'BBB-,' pushing it to the highest junk level status.
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Private sector trade groups discuss S&P downgrade
February 5, 2014
As word of the decision taken by Standard and Poor’s to downgrade Puerto Rico’s credit rating to junk level, the island’s biggest trade groups spoke out. Following are their individual statements.
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Oriental Bank starts 50th year with strong balance sheet
February 5, 2014
Oriental Bank kicked off the start of its 50th anniversary celebration Tuesday by highlighting its strong financial performance, its track record of bringing innovative financial services to Puerto Rico, and its heritage helping build strong communities.
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El Mesón Sándwiches leads reforestation in Mayagüez
February 5, 2014
As part of its commitment to preserving Puerto Rico’s natural resources, El Mesón Sandwiches, through its Environmental Club, took on the task of reforesting an area in front of the Plaza de las Banderas on Mayagüez’s Paseo del Litoral Israel “Shorty” Castro.
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Puerto Rico gov’t revenue $925M in Dec., up 28% YOY
February 4, 2014
Puerto Rico Treasury Secretary Melba Acosta-Febo said Monday that the General Fund collected $925 million in net revenues during December 2013, $12 million higher than the preliminary figure announced in early January.
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FirstBank takes $164.5M loss in ’13, $15M profit in 4Q13
February 4, 2014
First BanCorp., the bank holding company for FirstBank Puerto Rico reported net income of $14.8 million for the fourth quarter of 2013, or $0.07 per diluted share, compared to $15.9 million, or $0.08 per diluted share, for the third quarter of 2013 and net income of $14.5 million, or $0.07 per diluted share, for the fourth quarter of 2012.
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Puerto Rico gov. vows to submit balanced budget for FY ’15
February 3, 2014
Ingrid Vila Biaggi, chief of staff to Puerto Rico Governor Alejandro García-Padilla, announced today that a balanced budget for the 2014-2015 fiscal year will be introduced in the coming weeks.
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Novel paper recycling program a hit in Puerto Rico
February 3, 2014
Puerto Rico residents have not always been too inclined to recycle, perhaps due to a lack of education on the importance of doing so to help the environment, or simply for a lack of facilities where to take their paper, glass and plastic goods.
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