CBP Global Entry program enrolls 1M ‘trusted travelers’
November 19, 2013
U.S. Customs and Border Protection announced Monday that one million people have been given the designation of a ‘trusted traveler’ through the Global Entry program launched five years ago, which provides arriving travelers with a quicker, more efficient and more secure entry process into the United States.
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Puerto Rico-based EVERTEC opens branch in Colombia
November 18, 2013
EVERTEC, a company with more than 25 years experience and considered the leading full-service transaction processing business in Latin America and the Caribbean, announced it is establishing operations in Colombia this month.
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Economist: Puerto Rico’s road to economy feasible, long
November 18, 2013
Puerto Rico’s road to economic recovery is feasible, but remains a long one and depends entirely on the government’s commitment to lowering electricity costs, stabilizing fiscal revenue, reverting net outward migration, and increasing private investment, H. Calero Consulting Group Inc. expressed in the latest edition of “Compass,” its quarterly publication.
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Stryker CEO predicts growth for Puerto Rico operation
November 18, 2013
Medical device manufacturer Stryker could be on a path toward growth in Puerto Rico.
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COSSEC wraps up Fiscal ’13 with $229.2M in assets
November 18, 2013
The Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as COSSEC in Spanish, wrapped up Fiscal 2013 with $229.2 million in assets, a 5.86 percent year-over-year increase, President Daniel Rodríguez-Collazo said during the entity’s annual convention this weekend.
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Puerto Rico’s 1st official Human Dev. Report underway
November 18, 2013
Puerto Rico government officials announced the start of the process to prepare the island’s first official Human Development Report, to be based on the methodology that the United Nations Program for Development has been using since 1992.
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$240M facelift takes off at Puerto Rico’s LMM airport
November 18, 2013
The highly anticipated facelift announced earlier this year for the Luis Muñoz Marín International airport has taken off at Terminals B and C, at a cost of $240 million, facilities operator Aerostar Airport Holdings confirmed Sunday.
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Puerto Rico CPAs to offer CIRA certification review, exam
November 18, 2013
For the first time in Puerto Rico, the Association of Insolvency and Restructuring Advisors, in coordination with the CPA Society, will be offering exams to be qualified as a Certified Insolvency and Restructuring Advisor.
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420K lbs. of long-grain rice harvested in Lajas Valley
November 18, 2013
Government officials celebrated Sunday the first successful harvest of rice in Puerto Rico in the last 30 years from seeds planted in the Lajas Valley in the summer.
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Lilly to invest $200M in Puerto Rico insulin production
November 15, 2013
In response to the growing diabetes epidemic and increasing demand for insulin around the world, pharmaceutical company Eli Lilly and Co. announced Thursday it will invest more than $700 million to enhance its insulin manufacturing capacity in Puerto Rico, France and China, as well as in its Indianapolis global headquarters.
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Fitch puts Puerto Rico’s GO, other debt on negative watch
November 15, 2013
Fitch Ratings placed the 'BBB-' ratings of the Commonwealth of Puerto Rico’s general obligation (GO) bonds, the Puerto Rico Building Authority government facilities revenue bonds guaranteed by the commonwealth, the Puerto Rico Aqueduct and Sewer Authority’s commonwealth guaranty revenue bonds, and the Employees Retirement System’s pension funding bonds on negative watch Thursday.
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PRHTA welcoming the holidays with Saborea event
November 15, 2013
The Puerto Rico Hotel & Tourism Association announced Thursday details of the event through which it will officially welcome the holidays, the “Saborea Puerto Rico Winter Party.”
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Rock Solid to create 100 jobs in 3 years, expands office
November 15, 2013
After signing a contract to export human capital services with Fortis TCI, an electricity provider in the Caribbean, Puerto Rican company Rock Solid Technologies Inc., signed an agreement with the Puerto Rico Industrial Development Company to create 100 new computer engineering jobs over the next 36 months.
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Waffler Avenue cafés opening in San Patricio, Condado
November 14, 2013
Waffler Avenue, a local retail concept created by Puerto Rican entrepreneur Rey Ramón, will open this week in the San Patricio area of Guaynabo to offer its menu of Belgian waffles, specialty coffee and handcrafted chocolates.
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Puerto Rico Treasury steps up efforts against tax evasion
November 14, 2013
The Puerto Rico Treasury Department has referred three tax evasion cases to the Justice Department against corporations who failed to pay more than $3.6 million, Treasury Secretary Melba Acosta said Wednesday.
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