1st ‘pop-up’ restaurant opens in Ponce this week
September 17, 2013
Latitud Sur, a “pop-up” restaurant that will open in Ponce as part of the North to South Gastronomic Fair taking place Sept. 19-22, will gather some of the island’s best chefs who will offer contemporary Puerto Rican food during the eatery’s short stint in front of Sears Home Life at the Plaza del Caribe mall, organizers said.
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Expedia Traveler Preference program boosts room nights
September 17, 2013
Hotels in the Caribbean that have enabled the Expedia Traveler Preference program have experienced an increase in their standalone (room only) year-over-year net room night production of 29 percentage points on average, according to analysis by the Expedia group released Monday.
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Puerto Rico gov’t drags $39B deficit, annual report shows
September 16, 2013
Puerto Rico’s government agencies, certain corporations and other entities are dragging a combined $39 billion net asset deficit, which represents an increase of approximately $5.3 billion when compared to the fiscal year ended June 30, 2011.
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Caribbean looks to Colombia for strategic investments
September 16, 2013
Caribbean markets are increasingly seeking investment opportunities in Colombia, showing particular interest in software, IT and business process outsourcing services as well as insurance and financial services, hotel infrastructure and construction materials.
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Human resources convention to focus on labor laws
September 16, 2013
The Puerto Rico Society for Human Resources Management will be hosting its annual convention Sept. 18-21, focusing on labor laws and the new competency model for HR professionals.
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Polytechnic to host 5th edition of PARK(ing) Day
September 16, 2013
For the fifth consecutive years, the Polytechnic University of Puerto Rico’s Landscape Architects Student Association will host PARK(ing) Day Puerto Rico, from 8 a.m. to 6 p.m. Sept. 20, along a stretch of Ashford Avenue in Condado, between the Ashford Presbyterian Hospital and La Concha hotel.
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NeoMed Center pumps $5.5M to expand facilities
September 16, 2013
NeoMed Center, a nonprofit corporation that operates several 330 primary health centers, is expanding its facilities in Gurabo through an investment of $4.9 million from federal funds.
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Santa Isabel wind farm takes ‘Project of the Year’ award
September 16, 2013
The Santa Isabel Wind Farm project recently earned the “Outstanding Project of the Year Award” in Land Surveying and Environmental Engineering.
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CofC, gov’t share ideas, proposals during forum
September 13, 2013
More than 20 agency heads took part in an economic forum hosted by the Puerto Rico Chamber of Commerce Thursday to exchange ideas and proposals directed toward furthering the island’s socioeconomic development.
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Puerto Rico Police Assoc. to deploy energy-saving LPG tech
September 13, 2013
Scuderi Group Inc. announced Thursday the signing of a Memorandum of Understanding with the Puerto Rico Police Association for the first Scuderi Split-Cycle Engine to be utilized as a liquefied petroleum gas generator with compressed air energy storage (CAES) capability.
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Puerto Rican retailer Jeans.com files Ch. 11, owes $5.1M
September 13, 2013
Jeans.com, a Puerto Rican clothing retailer established in 1998 catering to men 15 to 40, has filed for Chapter 11 bankruptcy protection, listing more than $5.1 million in debt.
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EVERTEC prices stock public offering
September 13, 2013
EVERTEC Inc. announced Thursday the pricing of a previously announced underwritten public offering of 20 million shares of its common stock by an affiliate of Apollo Global Management, LLC, Popular Inc., and certain officers and current and former company employees at $22.50 per share. The underwriters will have a 30-day option to purchase up to […]
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Puma Energy Caribe to offer ethanol gas at all stations
September 13, 2013
In response to an avid response from consumers and gasoline retailers, Puma Energy Caribe, LLC. announced Thursday it will offer gasoline with ethanol in more than 270 service stations across Puerto Rico.
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Oriental looks to add 25K new accounts, boost deposits
September 12, 2013
Oriental Bank is looking to add 25,000 new customers and boost deposits by 3 percent in the next 12 months by offering to reimburse them for the bank fees they pay for using a competitor’s automated teller machine.
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USDA making $5.6M to help rural businesses create jobs
September 12, 2013
The U.S. Department of Agriculture announced Wednesday it is making $5.6 million available in grants through the Rural Community Development Initiative to help rural businesses create jobs and spur economic development.
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