Toyota’s car sales in PR up 9% in ’17 vs. prior year; 24K units sold
January 4, 2018
Toyota de Puerto Rico’s 2017 non-fleet sales outpaced the prior year’s results by 9 percent, the company announced.
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FEMA extends deadline for Temporary Shelter Assistance to Mar. 20
January 3, 2018
The Federal Emergency Management Agency confirmed Tuesday it has approved the Puerto Rico government’s request for an extension of the Transitional Sheltering Assistance Program through Mar. 20.
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FirstBank employees deliver supplies to Cataño, Comerío homes
January 3, 2018
Motivated by a commitment to help communities most affected by Hurricane María, a group of FirstBank employee volunteers organized a collection of more than 1,500 non-perishable items which they distributed to homes in Comerío and Cataño.
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PRMA: ’18 brings ‘high level of uncertainty,’ ‘important challenges’
January 2, 2018
The new year that began yesterday is already characterized by a high level of uncertainty, largely due to the changes that have occurred and will occur in Puerto Rico’s environment.
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PR Ports Authority confirms drops in air, cruise visitor traffic in Fiscal 1Q16
December 29, 2017
The Puerto Rico Ports Authority released figures Wednesday confirming the drops in air and maritime visitor activity through September, when back-to-back hurricanes hit the island.
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Solar provider Sunnova sends scathing letter to PREPA for blocking recovery
December 22, 2017
Sunnova Energy Corp., which provides distributed, residential solar power in Puerto Rico, delivered a letter to the Puerto Rico Electric Power Authority (PREPA) blasting it for its “continued inaction and reluctance to work cooperatively with Sunnova.”
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Colmena66 reports 15K+ biz connections in 1st ‘Impact report’
December 22, 2017
Colmena66 — an initiative of the Puerto Rico Science, Technology and Research Trust — in its first year has signed up more than 200 organizations in its network dedicated to building and strengthening Puerto Rico’s entrepreneurial ecosystem, according to the results of its first Impact Report.
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Saks Fifth Avenue will provide tentative reopening date to court later this month
December 21, 2017
Luxury retailer Saks Fifth Avenue agreed to provide the San Juan Superior Court a “non-binding reopening target date” of its store at The Mall of San Juan by Dec. 29, this media outlet learned.
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Reopening of Saks Fifth Avenue at The Mall of San Juan still up in the air
December 19, 2017
Saks 5th Ave., one of The Mall of San Juan’s two anchor tenants, expects to reopen the store that was devastated by Hurricane María on Sept. 20, but the specific date of when that will happen is still undetermined.
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PR is 1st U.S. stop for luxury cruise ship MCS Seaside
December 19, 2017
The MCS Seaside, the newest ship owned by MCS Cruises, made a stop in Puerto Rico — the first U.S. it visits on its maiden trans-Atlantic voyage which began in Trieste, Italy on Nov. 30, local government officials said.
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Moody’s: Recovery prospects for PREPA bondholders down to 35% after storms
December 15, 2017
Puerto Rico Electric Power Authority bondholders can expect to recover about 35 percent of their investments due to the business disruption and costs, as well as lost revenues related to damage caused by Hurricanes Irma and María, Moody’s Investors Service predicted in a report released Thursday.
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1st phase of PR government’s ‘Assets Map’ unveiled
December 15, 2017
The Puerto Rico government's main economic development agency unveiled Thursday the first phase of the Asset Map, created to attract new investment, create jobs and promote economic development in different regions of the island.
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Liberty: Rebuilding network will pave way for new services at same rates
December 14, 2017
Liberty Puerto Rico — like countless companies across the island — has spent the better part of the last three months picking up the pieces of its network that Hurricane María destroyed, en route to restoring services and laying the groundwork for new offerings.
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PR’s post-María landscape presents new challenges, opportunities
December 11, 2017
Puerto Rico’s economic landscape post-Hurricane María presents a new set of challenges and opportunities to reshape business operations and education going forward, to ensure the island does not collapse and fewer residents opt to leave in search for a better life elsewhere.
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Central Recovery and Reconstruction Office launches RFPs
December 11, 2017
The Central Recovery and Reconstruction Office (CRRO) has been formally established under the umbrella of the Puerto Rico Public-Private Partnerships Authority, and over the weekend announced a series of requests for proposals to establish policies and procedures of the new office.
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