Open Mobile completes 3rd phase of network expansion
May 8, 2013
Wireless provider Open Mobile has completed the third phase of its 4G LTE network expansion project, at a cost of $100 million, to offer faster mobile broadband speeds and additional services, company officials announced Tuesday.
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Puerto Rico Restaurant Week back for seconds
May 8, 2013
The second edition of Puerto Rico Restaurant Week, an event that brings together the best eateries on the island with foodies looking to explore the best culinary options around, will take place May 14-28, organizers at Kinori Group said Tuesday.
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Puerto Rico CPAs to mark 40th anniversary next week
May 8, 2013
The Puerto Rico Society of CPAs will mark its 40th anniversary during the upcoming “CPA Week,” May 12-18. As in previous years, the celebration will feature seminars and social activities for the CPAs.
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APER seeks to help ‘stabilize, reduce’ Puerto Rico energy costs
May 7, 2013
Faced with the constant demand by consumers wanting relief in soaring energy costs and the government's efforts to try to meet those expectations, the Association of Renewable Energy Producers went public Monday with a mission to help stabilize and reduce the price of energy in Puerto Rico.
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Popular, Oriental grant hefty loans for Puerto Rico projects
May 7, 2013
Two major Puerto Rico banks, Banco Popular and Oriental Bank, announced Monday the closing of two significant loans that will move forward projects that will benefit the economy and the community.
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Farmers: Imported milk products 50% more expensive
May 7, 2013
Members of the Puerto Rico Farm Bureau continued their campaign to press consumers to learn about the origin of the milk used in the dairy products they buy and make sure they are manufactured using local milk, saying they will save as much as 50 percent in doing so.
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Evertec reports $27.5M in 1Q13 adjusted net income
May 7, 2013
Transaction processing firm Evertec Inc. announced $27.5 million in adjusted net income, or a 37 percent year-over-year increase, for the first quarter ended March 31, during which it completed two key transactions: an initial public offering and debt refinancing in April.
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Senate to ask Congress for partial Jones Act exemption
May 7, 2013
The Senate agreed today to ask the U.S. Congress to pass a law that grants a partial exemption to Puerto Rico on compliance with Jones Act (cabotage) laws to allow the use of large maritime vessels built outside the United States.
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No claims against ACODESE over federal probe
May 7, 2013
The Puerto Rico Association of Insurance Companies announced Monday that the probe launched in 2010 by federal authorities has concluded without any claims filed against the organization that has represented Puerto Rico insurance providers since 1975.
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P3 Authority chief: ‘P3s are for new projects, not for privatizing’
May 6, 2013
Grace Santana, who is pulling double-duty for the Gov. García-Padilla administration as head of the Puerto Rico Infrastructure Financing Authority as well as the Public-Private Partnerships Authority, is a firm believer that the private sector should take over the task of developing new infrastructure projects when the government can’t — but not take over existing facilities through long-term contracts.
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AT&T offers smartphones at 50% off with trade-in
May 6, 2013
Wireless provider AT&T launched a program on May 1 giving clients who trade in their current smartphones at least $100 toward the purchase of a new one, including the new Samsung Galaxy S 4, BlackBerry Z10, 32 GB HTC One, and the iPhone 5.
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Compulsory auto insurance provider ASC extends hours
May 6, 2013
The Compulsory Insurance Joint Underwriters Association (known as ASC by its initials in Spanish) recently announced it has extended its call center hours in benefit of Puerto Rico clients.
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BanCoop launches new credit card, mobile app
May 6, 2013
Banco Cooperativo recently launched its new “Zona Card,” a MasterCard debit card exclusive for the “Z” generation — 16 to 25 year-olds — available at participating credit unions. BanCoop also launched a mobile application that will help clients locate credit unions and ATMs affiliated with the Red Coop24 network.
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Puerto Rican trade groups balk at proposed IVU exemptions
May 3, 2013
Criticism to the bill proposing amendments to Puerto Rico’s sales and use tax code poured in Thursday from many of the island’s most prominent professional organizations, which essentially agreed that eliminating certain exemptions would have a “devastating” effect on businesses and consumers.
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Claro Puerto Rico’s copper theft losses reach $4M in ’12
May 3, 2013
Telecommunications carrier Claro de Puerto Rico has reported 280 incidents of copper theft at its facilities this year — mostly along the island’s southwestern region — that not only cause service interruptions, but represent a safety risk as well. Last year, the company saw $4 million in losses related to the proliferation of the problem, company executives said.
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