Local restaurant operator investing $20M to open 8 Olive Garden eateries in P.R.
April 23, 2012
Local franchisee Restaurant Operators Inc. announced Monday it has entered into an agreement with Darden Restaurants Inc. to develop and operate eight Olive Garden restaurants and a minimum of three additional LongHorn restaurants in Puerto Rico over the next seven years.
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Study confirms Boys & Girls Clubs’ strong economic, social impact
April 23, 2012
For each dollar invested in young participants of Boys & Girls Clubs of Puerto Rico’s programs, the island receives $2.86 in economic benefits, or a 186 percent return on investment, the nonprofit organization revealed recently after completing its first Social and Economic Impact Study for Puerto Rico.
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Neptuno Networks moves into new $3M HQs
April 23, 2012
Wireless telecommunications service and broadband provider Neptuno Networks recently moved its headquarters into a new 24,000 square-foot building in Metro Office Park in Guaynabo, following a $3 million investment, company president Pedro Andrés said.
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Planning Board projects economy will grow by 0.9% in Fiscal ’12
April 20, 2012
Fueled by a recovering stateside economy and a string of renewable energy construction projects, Planning Board President Rubén Flores-Marzán said Thursday the island’s economy is improving at “a greater rate than expected,” projecting a 0.9 percent growth for Fiscal '12 that ends June 30.
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T-Mobile pumping $35M into islandwide network
April 20, 2012
T-Mobile Puerto Rico will be investing $35 million in a series of projects to strengthen its islandwide network, including expanding the capacity of its 4G HSPA+ network, upgrading cell sites and begin construction on its next-generation Long Term Evolution infrastructure, General Manager Jorge Martel said Thursday.
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Open Mobile switches on LTE network
April 20, 2012
On Thursday, Open Mobile, the island’s only no-contract provider, announced it had flipped the switch on its LTE network, which is initially available in the San Juan metropolitan area.
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Energy Affairs Administration to host ‘green’ energy industry forum
April 20, 2012
The Puerto Rico Energy Affairs Administration will host the “Green Energy Business Conference” at the University of Puerto Rico Aguadilla campus Apr. 27, the agency announced Thursday.
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15 industrial development projects worth $248.3M in pipeline
April 19, 2012
Fifteen companies made the commitment last month to invest $248.3 million in machinery and equipment, and create 1,369 jobs in the next 18 to 36 months, Economic Development and Commerce Secretary José Pérez-Riera said Wednesday.
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Firm emerges to defend consumers facing foreclosure
April 19, 2012
Given the unstoppable wave of foreclosures in Puerto Rico, where some 8,000 properties have been repossessed in recent years, homeowners have a pressing need for legal representation to avoid losing their dwellings.
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Cabo Rojo’s Combate Beach joins Tourism Company’s ‘paradores’ program
April 19, 2012
The 18-room oceanfront Combate Beach Resort in Cabo Rojo officially joined the list of Tourism Company-endorsed “paradores,” Wednesday, taking on a new identity as part of the inclusion.
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GDB lifts restriction on public data
April 18, 2012
In an apparent response to public pressure, the Government Development Bank on Wednesday eliminated the restriction on the information it shared with the public on its website.
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Kerry Products closing Arecibo plant, shifting production to Mexico
April 18, 2012
erry Products, and Irish food and beverage flavors manufacturer, will be closing down its operation in Arecibo in coming months as it transfers the operation to a plant in Mexico, Frank Hayes, director of corporate affairs confirmed to News is my Business.
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Chances of winning tonight’s $24M lotto prize? 1 in 9.3M
April 18, 2012
Tonight’s lotto drawing is one of the biggest in island history, promising the winner a whopping $24 million prize. However, the chances of hitting it big are one in 9.3 million, María Victoria León, deputy secretary of the Electronic Lottery, said Wednesday.
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Paseo Caribe resumes sale of luxury oceanfront apartments
April 18, 2012
A limited number of ultra upscale apartments in two of the three towers of the Paseo Caribe residential and commercial complex overlooking the sparkling blue waters of the Atlantic in San Juan will go up for sale starting this week, through private, by-invitation-only tours, representatives of the developer San Gerónimo Caribe Project Inc., announced Tuesday.
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Travel Channel series features Vieques attractions
April 18, 2012
Puerto Rico will be prominently featured in tonights's episode of a new Travel Channel series, “Park Secrets,” that will showcase private islands around the world, the Tourism Company said.
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