Economic Activity Index up slightly in October, driven by cement sales
December 6, 2011
Puerto Rico’s Economic Activity Index (GDB-EAI) reached 127.7 in October 2011 compared to 126.7 registered during September 2011, reaching the highest level since November 2010, the Government Development Bank for Puerto Rico said Monday.
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Treasury collections up 9.3% in October, Law 154 shores up $172M
December 6, 2011
General Fund gross revenue collections increased 9.3 percent to $638 million in October, or $54 million more in comparison to the total for the same month in 2010, Treasury Secretary Jesús F. Méndez said Monday.
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CPA Society hosts seminar on ‘art’ of fraud
December 6, 2011
Considering that financial fraud is seemingly becoming more sophisticated with each passing day, The CPA Society of Puerto Rico will host a daylong seminar Dec. 8 to discuss the most recent cases and present tools to prevent, control and manage it if it happens again.
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Urban Train moves 10M passengers so far this year
December 5, 2011
During the first 11 months of the year, the Urban Train has moved a record-breaking 10 million passengers, Transportation Secretary Rubén Hernández-Gregorat said.
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NY Fed to use financial literacy videos by P.R. college students
December 5, 2011
The New York Federal Reserve Bank will incorporate 19 videos on financial literacy created by local college students who participated in the third edition of the “Puerto Rico Financial Awareness Video Contest,” co-sponsored by the Puerto Rico Bankers Association.
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Chef Quiñones wins ‘MasterChef Latino’ competition
December 5, 2011
Chef Christian Quiñones, the 29-year old executive chef and owner of Laissez Faire Cuisine Internationale Restaurant in Mayagüez, won this year’s edition MasterChef Latino culinary competition, considered one of the most important events of its kind in Latin America and the Caribbean.
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CPA firm Centeno Figueroa gets Florida certification
December 5, 2011
CPA and business advisory firm Centeno Figueroa & Co. received accreditation from the Florida Department of Professional Regulation: Board of Accountancy to do business in the southern state, the company announced. The certification was the result of a rigorous evaluation process of the 20-year firm, said CPA and company President Néstor Centeno
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Kia Motors Puerto Rico unveils 5th generation Rio model
December 5, 2011
Kia Motors Puerto Rico recently introduced to market the fifth generation of one of its most popular models, the Kia Rio. Quinto is the new, redesigned version of the Rio five-door that promises greater fuel efficiency, security and convenience for the consumer.
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November bankruptcies plunge 19%, YTD totals 9% below ‘10
December 2, 2011
The number of bankruptcy petitions filed last month in Puerto Rico was 19 percent below the same month last year, Boletín de Puerto Rico revealed Friday. The preliminary numbers show that so far this year, the number of filings on record is 9 percent lower than those on record for the same 11-month period in 2010.
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Menonita Hospital System picks up San Juan Bautista assets for $5.1M
December 2, 2011
The Menonita General Hospital Health System has been selected by the U.S. Bankruptcy Court as the winning bidder to buy the assets of the San Juan Bautista Hospital in Caguas for $5.1 million, the company revealed Thursday.
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Treasury mails 5K taxpayer debt notices
December 2, 2011
In accordance with the recently approved Law to Strengthen Safety and Public Health, the Treasury Department mailed Thursday 5,000 debt notices and will continue the practice through the rest of the month, agency chief Jesús Méndez said.
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Doral launches ‘Despegue Empresarial’, 3rd prong of ‘Mujeres d Éxito’ program
December 2, 2011
Two months after launching the “Mujeres d Éxito” corporate social responsibility program, Doral Bank is introducing the third aspect of the initiative, called “Despegue Empresarial.” The bank will assign $50,000 to five small businesses, all directed by women who demonstrate growth potential.
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Convention Bureau hosts 2nd edition of ‘Smooth Meetings Summit’
December 2, 2011
The Puerto Rico Convention Bureau will host 24 meeting planners who are visiting the island through Sunday to participate in the second edition of the Smooth Meetings Summit.
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TRB takes orientation sessions on the road
December 2, 2011
The Telecommunications Regulatory Board hit a mall in Canóvanas Thursday to help consumers get a better grasp of the terms they are subscribing to when signing up to telephone or cable service. The orientation session took place at The Outlet shopping center.
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Ritz-Carlton completes guestroom renovation project
December 2, 2011
The upscale oceanfront Ritz-Carlton in Isla Verde has completed a multimillion-dollar renovation and enhancement project to its 416 guestrooms and suites, the company announced.
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