Espacios Abiertos urges gov’t to account for money
May 12, 2017
Espacios Abiertos, a nonprofit that seeks to empower society, on Thursday urged the government to provide data on the tax privileges that constitute a considerable amount of the island’s resources, particularly in times of crisis in which austerity measures are perceived due to a shortage of funds in the public coffers.
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Private sector balks at proposed municipal patent hike
May 11, 2017
The Private Sector Coalition, which brings together more than 30 organizations from various sectors of the island, called on the Legislature Wednesday to halt the course of House Bill 971 and warned of the negative effects it would have on the local economy.
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Universia announces scholarship program for students
May 11, 2017
For the second consecutive year, college students from several private institutions may receive $1,500 scholarships for their professional practices in qualified internship centers through the “Work Warm-up Scholarship Program” sponsored by Banco Santander, the Puerto Rico Board of Education, and the Association of Private Colleges and Universities.
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MIDA’s Consumer X-Ray finds price-conscious buyers
May 10, 2017
Puerto Rico consumers have changed their priorities and frequency in purchases, focusing their expenditures on the necessary and establishments that offer the best bang for their buck, this year’s Consumer X-Ray revealed.
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Report: SJ Marriott hotel sold to unnamed Chinese buyer
May 8, 2017
The San Juan Marriott Resort and Stellaris Casino in Condado has reportedly been sold to unnamed Chinese investors, for some $184 million, according to real estate site The Real Deal.
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Challenger Brass & Copper takes high quality award
May 8, 2017
After marking 30 years in Puerto Rico Toa Baja-based Challenger Brass & Copper (CBC) recently obtained the ISO 9001: 2008 certification for meeting the highest levels of quality and service established by the International Organization for Standardization (ISO).
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Lido Jewelers opens store at The Mall of San Juan
May 5, 2017
Lido Jewelers opened its newest store at The Mall of San Juan Thursday, adding to the mix of retail tenants at the two-year-old shopping center.
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Reactions abound over govt’s Title III restructuring filing
May 4, 2017
Local and stateside creditors and credit ratings agencies did not reach a true consensus over the government's decision and future effect of seeking the bankruptcy-like protection under Title III of PROMESA on Wednesday to restructure some $70 billion in debt.
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Bankruptcies down 23% in April; -12% year-to-date
May 2, 2017
The number of bankruptcy cases filed in Puerto Rico showed a steep decline last month. #NewsismyBusiness
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MIDA: Food retailers lose $116M to shoplifters in PR
April 28, 2017
Puerto Rico food retailers lose some $116 million as a result of shoplifting, inefficiency and negligence in managing inventory, employee theft or fraud, according to the "Portrait of the Food Industry" study released by the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
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SME study: Online purchasing up 13% in Puerto Rico
April 28, 2017
Currently, some 807,000 people in Puerto Rico shop online and spend an average of $158 a year.
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Fine jewelry retailer Posh Haus opens in Paseo Caribe
April 28, 2017
With an initial investment of more than $500,000, Posh Haus is the new fine jewelry and design house that joins the ever-growing list of tenants that have already opened their doors in the commercial area of Paseo Caribe in San Juan.
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Puma Energy upgrades aviation fueling processes
April 28, 2017
Global fuel company Puma Energy, a provider of jet fuel and aviation gasoline in the Americas, announced the launching of “eAviation,” a digital solution that can handle the aviation industry’s high requirements more efficiently and accurately.
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Ferries del Caribe to resume PR/DR service on May 3
April 27, 2017
Ferries del Caribe executives confirmed Wednesday it will resume maritime transportation services of passengers, cars and cargo between Puerto Rico and the Dominican Republic on May 3.
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EDB unveils new commercial loan guarantee program
April 27, 2017
Economic Development Bank President Luis Burdiel-Agudo unveiled Wednesday details of a new guarantee or insurance program for commercial loans to be provided by other financial institutions, including credit unions.
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