Planning Board chief: Land use plan will be ready in ’12
May 2, 2011
He is an urban planner who lives on a five-acre farm in rural Vega Baja with his wife and a bunch of animals. But make no mistake about it, Ruben Flores Marzán, who was named Puerto Rico Planning Board president less than a month ago, is not horsing around when it comes to development.
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Puma Energy reaches agreement with EPA to clean up Capeco site
May 2, 2011
Puma Energy Caribe, LLC has agreed to clean up the former Caribbean Petroleum Refining facility in Bayamón, and address environmental conditions at 147 gas stations throughout Puerto Rico under two agreements proposed Monday by the U.S. Environmental Protection Agency.
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Hato Rey’s Polytechnic University opens Florida campus
May 2, 2011
Following a $2.9 million investment, the Polytechnic University announced Monday its expansion into the Central Florida region, with the inauguration of its new 40,000 square-foot campus.
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Groupon launching deal-of-the-day service in P.R.
May 1, 2011
Groupon, the wildly popular e-commerce website that offers deep discounts on "the best stuff to eat, see and buy," is launching its deal-of-the-day service in Puerto Rico on May 9, News is my Business learned.
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SAP reports 247% 1Q growth in P.R., Caribbean region
April 30, 2011
German enterprise software developer SAP this week released results for the first quarter ended March 31, reporting a 247 percent growth of its business in Puerto Rico and the Caribbean, attributed directly to booming technology adoption by small and mid-sized businesses.
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Oriental reports $13.1M in 1Q net income
April 29, 2011
Oriental Bank, one of only several financial institutions doing business in Puerto Rico that weathered last year’s banking debacle, reported $13.1 million in net income for the first quarter of 2011, up 4.7 percent from the same period last year.
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Claro edges closer toward securing cable TV franchise
April 29, 2011
Telecommunications service provider Claro may be close to approaching the finish line on a more than three-year race to obtain franchise rights to launch islandwide cable television services in Puerto Rico, News is my Business learned Thursday.
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PRMA outlines key initiatives to reclaim competitiveness
April 29, 2011
Calling it its “manifesto on the economy,” the Puerto Rico Manufacturers Association unveiled Thursday a series of initiatives needed to regain the ability to expand the island’s economy and create jobs.
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HFA launches mortgage loan assistance program
April 29, 2011
Some 1,500 Puerto Rico homeowners facing the possibility of foreclosure may be able to qualify for a new $20 million emergency assistance program unveiled Friday by the Puerto Rico Housing Financing Authority, in agreement with local banks.
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Sartorius Stedim Biotech announces $20M Yauco expansion
April 28, 2011
German medical device maker Sartorius Stedim Biotech announced plans for a $20 million expansion at its industrial complex in Yauco, which will add 87 new jobs and a new filtration systems manufacturing line to its operation.
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Ford sales increase 39% in P.R.
April 28, 2011
Automaker Ford reported an increase in sales of 39 percent during the first quarter of 2011 in Puerto Rico, ranking second behind Toyota Puerto Rico, with 2,329 new units sold during the three-month period, Waldo Galán, general director of Ford International Business Development for Puerto Rico said Thursday.
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Edwards Lifesciences CEO urges creating path toward ‘prosperous Puerto Rico’
April 28, 2011
Puerto Rico’s future success and prosperity depends on its ability to continue innovating to remain competitive and relevant, figure out a way to retain its strong talent pool and refrain from falling into the category of not being “business friendly,” said Michael Mussallem, CEO of Edwards Lifesciences to a standing-room-only group of executives Thursday.
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Wal-Mart Puerto Rico names new GM
April 28, 2011
Wal-Mart Stores Inc. announced Thursday the appointment of Jaime Fernández Palacios as general manager for the Puerto Rico region, where the retailer operates 55 Walmart, Sam’s Club, Amigo and Súper Ahorro stores.
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Convention Bureau president Viscasillas resigns
April 27, 2011
Puerto Rico Convention Bureau President Ana María Viscasillas resigned to her post late Wednesday, amid media reports of irregularities at the agency and the possibility that it may be merged with the Puerto Rico Tourism Company.
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Fortuño names new EDB chief
April 27, 2011
Gov. Luis Fortuño announced Wednesday the appointment of Ivonne Otero Guzmán as Economic Development Bank president, succeeding banker Lizzie Rosso who resigned to the post late last month to return to the private sector.
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