Study: Tourism’s contribution to PR ‘difficult to assess’
July 19, 2017
Puerto Rico’s lack of a comprehensive set of tourism data makes it difficult to the assess the sector’s performance, as the island lacks indicators to compare with the rest of the world, among other shortcomings, a study by the Foundation for Puerto Rico revealed Tuesday.
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Velázquez, experts discuss ways to spur PR’s recovery
July 19, 2017
U.S. Rep. Nydia M. Velázquez (D-NY) hosted Tuesday a panel of experts and other members of Congress for a roundtable discussion on unlocking the keys to stimulating economic growth in Puerto Rico.
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Carolina Catering Corp., Aerostar spar over cement plant
July 18, 2017
Airline food service provider Carolina Catering Corp. on Monday blasted the management of the Luis Muñoz Marín International Airport — Aerostar Airport Holdings — for allegedly endangering the Torrecilla Lagoon habitat through the construction of a concrete plant nearby.
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Report: P.R. new car sales up 5% YOY in June
July 13, 2017
The United Group of Automobile Importers announced Wednesday that new car sales were up 5 percent year-over-year in June, with some 8,378 units sold.
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Private sector takes fight against Caguas tax to court
July 13, 2017
Faced with a recent 70 percent hike in municipal taxes payable to Caguas, a group of companies representing a broad sample of businesses — restaurants, supermarkets, cash & carries, retail store chains, and telecommunications carriers — filed a lawsuit against the town to challenge the levy.
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Resident Commissioner unveils alliance to boost SMEs
July 13, 2017
Puerto Rico Resident Commissioner Jenniffer González announced Wednesday the upcoming creation of an alliance among civic, professional, university and municipalities with the Small Business Administration and the Chamber of Commerce to develop a plan to stimulate the economy through the proliferation of small businesses.
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Courtyard By Marriott to build $1.3M events space
July 13, 2017
The Courtyard by Marriott Isla Verde Beach Resort unveiled this week the concept of its new Las Brisas rooftop event terrace, that entails an investment of more than $1.3 million, General Manager José C. Padín announced.
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Rosselló signs trio of economic development measures
July 12, 2017
Gov. Ricardo Rosselló signed three legislative measures that seek to stimulate the economy and create new jobs in Puerto Rico, with special emphasis on small and medium enterprise, or SMEs.
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Private sector balks at Caguas tax hike, town defends
July 7, 2017
Private sector representatives got together Thursday to blast the Caguas municipal government for what they called an “excessive and discriminatory” tax increase that took effect July 1 and affects businesses making more than $3 million in revenue.
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Medicinal cannabis dispensary opens in Guaynabo
July 7, 2017
Faced with the challenge posed by the adoption of a new bill limiting the use of the cannabis flower for medicinal purposes, Puerto Rico Clínica Verde inaugurated Thursday a clinic at the Borinquen Towers on Roosevelt Ave. in Guaynabo.
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Reports: Gran Meliá hotel in Río Grande to be rebranded
July 7, 2017
Spanish hotel giant Meliá Hotel & Resorts announced Thursday plans to rebrand its Gran Meliá Puerto Rico property in Río Grande as Meliá Coco Beach, as part of a comprehensive renovation planned for the resort, according to published reports.
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40 days, $80K transform La Perla community in San Juan
July 6, 2017
The La Perla neighborhood Community Board announced Wednesday the culmination of the revitalization that included the renovation of 375 façades in just 40 days, at a cost of $80,000.
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State Insurance Fund to lease space from Telecom Board
July 5, 2017
The Puerto Rico State Insurance Fund will lease space in the Telecommunications Regulatory Board’s Santurce headquarters to move its technological equipment from another building for which it paid nearly $1 million to lease, agency officials said.
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Aeroparque at LMM Airport to re-open in Sept. ’17
June 30, 2017
The long-awaited reopening of the Aeroparque facility at the Luis Muñoz Marín International Airport will take place in September, following a $1.1 million overhaul and the resolution of security issues with the Transportation Security Administration, this media outlet confirmed Thursday.
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LMM to unveil new $4.8M customs area at Terminal A
June 30, 2017
The Luis Muñoz Marín International Airport will inaugurate a second immigration and customs area below the first level of Terminal A — currently occupied by jetBlue — Aug. 18. The facility entailed a $4.8 million investment, this media outlet confirmed Thursday.
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