Banco Popular adds 40K new clients in the year since Hurricane María hit
October 4, 2018
Banco Popular added 40,000 new clients, as other financial institutions opted to close branches after Hurricane María tore through the island last year.
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América Móvil invests $250M in P.R. network this year, focuses on further expansion
October 4, 2018
América Móvil CEO Daniel Hajj, who is in Puerto Rico this week, met with Gov. Ricardo Rosselló.
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GAO report: Unreliable economic, limited labor data make P.R.’s situation difficult to assess
October 1, 2018
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
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Ferry service between Ceiba and Vieques, Culebra to start Oct. 10
October 1, 2018
The service will be provided with four vessels leased from a private operator at a cost of $15 million for one year.
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Tesla, Suez Group in short list of proposals for trio of P3 projects
September 28, 2018
The three projects went through the required evaluation process, as specified in the Public-Private Partnerships Act.
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Discover Puerto Rico completes 1st phase of Google Content Initiative
September 28, 2018
On World Tourism Day, Discover Puerto Rico, the island’s destination marketing organization announced that the first phase of the Google Content Initiative has been completed.
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IHE hotels names new managers; new leaders at Iberia, CPAs get new exec. director
September 25, 2018
This edition of Climbing the Corporate Ladder includes new leadership appointments at three San Juan hotels, the arrival of a new sales director at an airline, and the announcement of a new executive director at professional organization.
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Luxury yacht cruise lines Windstar, SeaDream to visit Vieques, Culebra from Oct. to March
September 21, 2018
Luxury small cruise ship companies SeaDream Yacht Club and Windstar Cruises will make scheduled stops in Vieques and Culebra from October to March 2019.
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P.R’s tourism execs say sector will rebound, grow as it recovers post-Hurricane María
September 20, 2018
During this episode of "Dollar$ and $ense," Puerto Rico Tourism Co. Executive Director Carla Campos and Discover Puerto Rico CEO Brad Dean offer their predictions for the upcoming high season and the first half of 2019.
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Study: P.R. faces ‘major’ challenges to achieve post-recovery economic growth
September 20, 2018
In its analysis of the “Balance of the Economy Post Hurricane María,” the firm stated that while the economy has rebounded, the expected real growth in Gross National Product will be temporary.
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Walmart Puerto Rico to boost local product purchases by $20M in 5 years
September 20, 2018
Currently, of the $1.6 billion in annual purchases from about 300 suppliers, distributors and companies located in Puerto Rico, Walmart invests around $500 million in locally manufactured or harvested products.
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Agriculture Dept. says 100% of ‘lechón’ for the holiday season will be local
September 20, 2018
The Agriculture Department and the Puerto Rico Pork Producers Cooperative unveiled a joint initiative to put local roasted pork, known as “lechón asado," back in the island’s restaurants ahead of the upcoming holiday season.
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Aerostar invests some $70M in LMM airport in post-María repairs
September 14, 2018
Aerostar Airport Holdings, operator of the Luis Muñoz María International Airport in San Juan, confirmed it has invested close to $70 million to repair Puerto Rico’s main air traffic hub.
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Semillero Ventures injects $1.8M into Seal the Seasons; P.R. farmers to benefit
September 12, 2018
Part of the investment will go toward backing Seal the Seasons’ entry into the Puerto Rico market, where it will look to sign up farmers producing fruit — initially papaya, pineapple and mango — to be distributed locally and stateside.
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Echar Pa’lante seeks to drive P.R.’s economic development through entrepreneurship
September 10, 2018
Representatives of the Echar Pa'lante movement press on the urgent need to implement public policies and concrete actions to promote entrepreneurship at all levels as one of the engines for economic growth in Puerto Rico.
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