Insurance sector names top executives
December 11, 2017
Puerto Rico’s insurance sector has been busy naming new executives to its local operations.
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Census Bureau: PR’s median household income drops 4% in last 5 years
December 8, 2017
Puerto Rico’s median household income dopped by 4 percent from 2012 to 2016, when it stood at $19,606, in comparison to the $20,403 on record for the prior five-year period, according to the U.S. Census Bureau’s Puerto Rico Community Survey.
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Rosselló unveils $100M municipal Recovery Fund
December 8, 2017
Following the back-to-back strikes by Hurricanes Irma and María, Puerto Rico’s municipal governments, for the most part, represented the first line of response to the emergency, prompting the central government to unveil a $100 million fund to support their work.
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Finders Keepers on Loíza St. to close temporarily as it relocates
December 8, 2017
Finders Keepers, a local consignment shop on San Juan’s iconic Loíza Street, will be closing its doors temporarily for the next several weeks, as it relocates from the sector that has been hard-hit by a lack of power for the better part of the last three months.
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Supermercados Econo opens new $4M store in Humacao
December 7, 2017
Supermercados Econo unveiled a new $4 million store at the Humacao Shopping Plaza, which offers 54,000 square-feet of “one-stop-shopping” for eastern area consumers.
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Consultiva Internacional to discuss hurricane impact on SMEs, investments
December 6, 2017
Consultiva International Inc. will be discussing various topics to address the Puerto Rico’s situation after hurricane María on Dec. 7, at the Los Chavales Restaurant in Hato Rey. The event starts at 6 p.m.
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Sprint, Open Mobile complete joint venture to serve PR/USVI
December 5, 2017
Two of Puerto Rico’s wireless carriers — Sprint and Open Mobile — quietly completed their previously announced joint venture agreement in mid-November, as both providers worked through recovery efforts post Hurricane María, this media outlet has confirmed.
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PR Tourism Co. cancels slot machine project at LMM airport
December 5, 2017
Fifteen months after the Puerto Rico Tourism Co. introduced slot machines at the Luis Muñoz Marín Airport in San Juan through a pilot program, the agency has officially shut down the project and removed the machines on Dec. 1, this media outlet confirmed.
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Santander launches ‘Depósito Simple’ mobile check deposit service
December 5, 2017
With the purpose of giving its clients greater convenience when making financial transactions, Banco Santander Puerto Rico unveiled its new “Depósito Simple” service through which users will be able to deposit checks using the Santander PR mobile application.
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Wireless co’s are 82% to 95% back online, but still fighting vandalism
December 4, 2017
Puerto Rico’s wireless telecom providers have restored between 82 percent and 95 percent of services to sites ravaged by Hurricane María in September, but a full restoration will hinge on controlling vandalism, copper theft and restored energy service.
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HIMA-San Pablo re-enters MMM network, expanding health services
December 1, 2017
The HIMA-San Pablo hospital system has re-entered the MMM Healthcare provider network, to offer healthcare services at its facilities in Caguas, Humacao, Fajardo and Cupey, executives representing both companies announced.
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Marriott Resort owners bet on PR tourism with plans for new $40M hotel
November 29, 2017
XLD Group, the Chinese investment firm that owns the Marriott Resort and Stellaris Casino in Condado, is so confident Puerto Rico’s tourism sector will bounce back after Hurricane María that it already has plans to build a second hotel, with a projected $40 million investment.
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Private sector backs Rosselló’s call urging Congress to insert PR in U.S. tax reform
November 28, 2017
Representatives from Puerto Rico’s private sector agreed Monday to back Gov. Ricardo Rosselló’s urgent call to Congress to treat the island as a U.S. — not foreign — jurisdiction in the federal tax reform currently being discussed.
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FEMA Chief: ‘We’re bringing an unbelievable amount of common sense’ to PR recovery
November 28, 2017
As Puerto Rico begins to transition from the response phase to recovery, Michael Byrne, the Federal Emergency Management Agency’s coordinating officer for Puerto Rico, said the process moving forward will include an “unbelievable amount of common sense” and experience from prior disasters to rebuild the island.
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Aerostar to build $7M complex for FedEx at LMM airport
November 27, 2017
Aerostar Airport Holdings, operator of San Juan’s Luis Muñoz Marín International Airport, is breaking ground on a new $7 million warehouse and office building complex that will become the hub for Federal Express in Puerto Rico, this media outlet has learned.
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