Aerostar appoints new execs for LMM operations
June 14, 2013
Agustín Arellano, CEO of Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport, announced several key appointments to the company’s executive team. Varlin Vissepó, general counsel — He has a degree in International Air law from McGill University in Canada and experience working with regulations of the Federal Aviation Administration. He has […]
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Popular Community Bank launches iPad ‘app’
June 14, 2013
Popular Community Bank, a subsidiary of Popular Inc., has expanded its “anywhere, anytime banking” program with the launch of its new application optimized for the iPad, available at the Apple iTunes store.
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Green Isle Inc. files Ch. 11 for Isla Verde hotels
June 13, 2013
Puerto Rican company Green Isle Inc., which owns and operates several small hotels in the Isla Verde area, has filed for Chapter 11 bankruptcy, listing nearly $8.1 million in debt.
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Oriental grants $3.5M to Puerto Rico winemaker
June 13, 2013
Oriental Bank’s business banking unit recently granted a $3.5 million loan to Bearco LLC (Bodegas Españolas Argentinas Corp.), one of the companies owned by CC1 Puerto Rico.
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Waste-to-energy plant lands key EPA permit, awaits EQB decision
June 12, 2013
Less than a week after the Puerto Rico government cancelled its contract with Energy Answers for the construction and operation of a new 77-megawatt solid waste facility in Arecibo, the U.S. Environmental Protection Agency announced Tuesday its final approval of an air permit for the proposed waste-to-energy plant.
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USDA to grant $21M for rural broadband deployment
June 12, 2013
U.S. Department of Agriculture Secretary Tom Vilsack announced Tuesday that applications are being accepted for grants to finance broadband deployment in remote, rural areas, including Puerto Rico. The announcement is one part of the agency’s efforts to strengthen the rural economy, he said.
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PRHTA hosting ‘Saborea Puerto Rico Summer Party’
June 12, 2013
The Puerto Rico Hotel and Tourism Association disclosed details Tuesday of the “Saborea Puerto Rico Summer Party,” a new event to kick off the summer, and complement the promotion of culinary initiatives on the island, while showcasing the best in local cuisine.
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Senators file bill to promote ‘creative industries’
June 12, 2013
Senators Ramón Luis Nieves and José Nadal-Power announced Tuesday the filing of Bill 655 to promote "creative industries" in Puerto Rico, as a means of creating jobs and wealth.
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Dewey University honors outstanding high schoolers
June 12, 2013
Dewey University recently recognized the achievements of 48 outstanding students from Puerto Rico’s public and private high schools, bestowing its “Medalla Superación” award for the sixth year in a row.
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Caribbean Produce gets MIDA, CofC nods
June 12, 2013
Family-owned industry Caribbean Produce has been recognized twice this month as distributor of the year and among Puerto Rico’s 100 outstanding companies, by the Marketing, Industry and Food Distribution Chamber (MIDA by its initials in Spanish), and the Puerto Rico Chamber of Commerce (CofC), respectively.
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Selectos Ciudadela owners file for Ch. 11, closing store
June 11, 2013
Businessman Thomas Ward, who less than a year ago opened a Selectos supermarket in the upscale Ciudadela apartment complex in Santurce, recently filed for Ch. 11 bankruptcy protection, listing some $5 million in debt.
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Cancel-Planas appointed new EDB chief
June 11, 2013
Certified Public Accountant Joey Christopher Cancel-Planas has been named the Economic Development Bank’s new president, taking office nearly six months into Gov. Alejandro García-Padilla’s term. His appointment was announced Monday by EDB Board Chairman Javier Ferrer, who is president of the Government Development Bank.
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Senate distinguishes Doral’s support of female entrepreneurship
June 11, 2013
The Senate’s Women Affairs Committee recently recognized Doral Bank’s initiative to support the economic and professional development of Puerto Rican female entrepreneurs through its “Mujeres d Éxito” community program.
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ONEVO looks to set up in Puerto Rico, create 4,800 jobs
June 10, 2013
ONEVO LLC, a Miami-based manufacturer of insulated panels for concrete walls-floors-roofs and housing systems, is looking to open “one or more” plants in Puerto Rico that could potentially create 4,800 direct and indirect jobs.
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CUD urges retailers to prepare for hurricane season
June 10, 2013
Given that several weather forecasting organizations have anticipated a very active hurricane season, United Retailers Association President Enid Monge is urging retailers to “be vigilant and have a plan” to protect their businesses against the problems arising in the wake of a storm.
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