Executives named in hospitality, clinical research, auto industries
August 2, 2018
This edition of Climbing the Corporate Ladder features new executive appointments in the hospitality, clinical research and auto industries.
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Puerto Rico Institute of Statistics Board votes in new chairman
August 2, 2018
The Board of Directors of the Puerto Rico Institute of Statistics announced the unanimous election of Arnaldo Cruz, co-founder of Open Puerto Rico and Director of Research and Analytics Foundation for Puerto Rico, as chairman of the body.
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The Mall of San Juan ‘continues strong post-hurricane recovery’
August 1, 2018
The Mall of San Juan has continued its strong post hurricane recovery, with an 86 percent occupancy rate, and new tenants to reopen in the fall, Robert Taubman, CEO of Taubman Centers Inc. said during a quarterly earnings call with analysts.
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The Mall of San Juan owners sue BRIO Hospitality for $2.2M
July 26, 2018
Plaza Internacional, the owners of The Mall of San Juan, have filed a lawsuit against BRIO Hospitality P.R. Inc. — the local franchisees of the now closed BRIO Tuscan Grille — seeking to collect nearly $2.2 million, this media outlet learned.
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In’s and out’s of mortgage moratoriums in P.R.
July 26, 2018
In this, our first podcast, we explore the in's and out's of mortgage moratoriums and loan modifications offered by Puerto Rico banks to help customers after the devastation of Hurricane María. We discuss several important points with CPA Javier Hernández, from FirstBank Puerto Rico.
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NY Gov. Cuomo: ‘Trump should apologize to people of P.R. for lack of FEMA response’
July 24, 2018
Gov. Andrew Cuomo headed a delegation of New York government representatives, students and other volunteers to Puerto Rico, where the ‘NY Stands with Puerto Rico Recovery and Rebuilding’ initiative has cleaned, restored, and rebuilt 90 homes across the island.
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News is my Business redesigns website and logo; launches podcast
July 16, 2018
It has been nearly eight years since News is my Business was launched as Puerto Rico’s first online-only, English-language newspaper, to give a voice to individual entrepreneurs and large multinational corporations looking to push the island’s economy forward.
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Economist: OBoard’s labor reform misses critical points of P.R’s ‘particular’ economy
July 9, 2018
While Puerto Rico needs to jumpstart its job market and create new sources of employment, the Financial Oversight and Management Board for Puerto Rico’s proposal to align the island’s labor landscape with that of the U.S. mainland “misses critical points of the [island’s] very particular economy.”
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CooPACA invests $1.5M in new tech platform to benefit members
June 28, 2018
The Arecibo Credit Union has invested some $1.5 million in a new technology platform that will add new services, improve customer experience, streamline banking transactions and provide new protections to customer data to make it safer, company President William Méndez-Pagán said. The migration of operations to the new platform will be completed by July 3, […]
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$65M film production studios to break ground at Convention Center District
June 25, 2018
Travel industry veteran Keith St. Clair on July 2 will announce plans to develop a $65 million film production studio complex at the Puerto Rico Convention Center District, this media outlet learned.
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Marriott Puerto Rico Business Council launches ‘Spark’ program
June 25, 2018
As part of a joint effort with the Department of Education and the Puerto Rico Department of Labor, the Marriott Puerto Rico Business Council recently signed a project that will offer internship opportunities for vocational school students in the hospitality industry at Marriott.
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Movies, series filming in P.R. thru August pumping $65M into economy
June 22, 2018
About a dozen film projects for the big screen and streaming services slated to roll in Puerto Rico through August are projected to inject close to $65 million into the local economy, Gov. Ricardo Rosselló announced.
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Foreclosures could spike by year’s-end as loan moratoriums expire
June 22, 2018
Puerto Rico property owners could face higher foreclosure levels after moratoriums on loan payments provided by local banks after Hurricane María expire in coming months, executives at FirstBank predicted Thursday.
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NY Fed working closely with philanthropic community in P.R./USVI
June 21, 2018
The Federal Reserve Bank of New York vowed to continue to work closely with financial institutions to help take full advantage of the Community Reinvestment Act.
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The Federal Communications Commission’s Wireline Competition Bureau has extended the deadline for filing comments and reply comments in response to the “Uniendo a Puerto Rico Fund” and the “Connect USVI Fund” until July 26, and Aug. 8, respectively. The original deadlines to file comments were July 5 and July 18, respectively. The FCC is seeking […]