Treasury, GDB looking to broaden COFINA’s capacity
September 26, 2013
The government’s economic team, headed by Puerto Rico Treasury Secretary Melba Acosta and Government Development Bank Interim President José Pagán confirmed the introduction of a bill to expand the Sales Tax Fund Financing Corporation's (COFINA, by its Spanish acronym) capacity to issue bonds and facilitate the execution of a more cost-effective financing for the Commonwealth.
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PRHTA pleased with House study on illegal slots
September 26, 2013
The Puerto Rico Hotel and Tourism Association said this week it is “pleased” with the results of the final report for House Resolution 129 that ordered a study on the causes for casino closings on the island, which pointed to illegal slot machines as the cause.
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Metropistas on track with $30M highway improvements
September 26, 2013
Two years after taking over the management responsibilities of Puerto Rico’s highways PR-22 and PR-5 from the government, private operator metropistas has already invested $30 million in improvements, company officials said Wednesday.
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Full Circle Comm. marks 10 years, launches new division
September 26, 2013
Puerto Rican consulting, crisis management and public relations firm Full Circle Communications Inc. is marking its 10th anniversary with the launching of a new agency division focused on offering customized trainings to executives and managers, so they may become effective communicators.
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Meat Market Miami steak house opens in Isla Verde
September 25, 2013
Meat Market, a modern and contemporary steak house and seafood restaurant whose location in Miami is a magnet for celebrities, will open its second eatery in the Isla Verde sector of San Juan this Thursday, just in time for Puerto Rico's December-to-April peak tourism season.
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GE to create 61 new jobs Vieques, San Germán
September 25, 2013
Officials from General Electric and the Puerto Rico government announced jointly on Tuesday the addition of a new product line to the company’s plant in Vieques that will add 11 new jobs there, and the introduction of a new line in San Germán that will bump up the payroll by 50.
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Agriculture Dept. gets $352K to promote specialty crops
September 25, 2013
The Puerto Rico Agriculture Department has been awarded $352,290 from the U.S. Department of Agriculture to develop eight projects that will increase sales of specialty crops by improving food safety through training and mentoring programs, the federal agency announced Tuesday.
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P3 Authority, PRIFA open school upgrade program RFQs
September 25, 2013
The Puerto Rico Public-Private Partnerships Authority and the Puerto Rico Infrastructure Finance Authority announced Tuesday they will be receiving proposals from qualified companies interested in providing construction and maintenance services for the second phase of the School Modernization Program, known as “Escuelas de Primera.” The RFQ must be submitted on or before Oct. 8, Grace […]
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Doral SVP plays up Hispanic community empowerment
September 25, 2013
Lucienne Gigante, senior vice president of Doral Bank, recently discussed the importance of community empowerment and its multiplier effects on society, during the 34th annual convention of the U.S. Hispanic Chamber of Commerce.
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Oriental’s González takes Fed. Home Loan Bank NY post
September 24, 2013
José Ramón González has resigned as senior executive vice president of banking and corporate development to accept a position as executive vice president of the Federal Home Loan Bank of New York, Oriental Financial Group announced Monday.
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Paulson buys majority stake in St. Regis Bahía Beach
September 24, 2013
Paulson & Co. Inc., a New York-based investment firm, announced Monday that on behalf of its Recovery Funds it has acquired a majority interest in The St. Regis Bahía Beach Resort, Puerto Rico and the Bahía Beach Resort & Golf Club.
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INTERPHEX Puerto Rico to feature education, training
September 24, 2013
INTERPHEX Puerto Rico, together with Medical Device Puerto Rico and Buildings & Facilities Puerto Rico 2013, will present a robust educational program featuring industry experts who have led innovative global initiatives in areas such as sustainability and security to reduce manufacturing costs, optimize the supply chain, and maximize human resources. The event will take place Oct. 10-11 at the Puerto Rico Convention Center.
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Appointments at FirstEnergy, President’s Export Council
September 23, 2013
FirstEnergy Corp. recently announced that Luis A. Reyes has been elected to the company's Board of Directors, while President Barack Obama named AES president and CEO, Andres R. Gluski, to his Export Council.
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FirstMortgage optimizes online mortgage servicing app
September 23, 2013
FirstMortgage recently upgraded its website’s online mortgage servicing features, enabling customers to conduct a variety of transactions.
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Walmart donates truck to Puerto Rico Food Bank
September 23, 2013
September is hunger awareness month and with that in mind, Walmart Puerto Rico recently donated a refrigerated truck to the Puerto Rico Food Bank, a nonprofit organization founded in 1988 to meet the food needs of socioeconomically disadvantaged children, the sick and needy.
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