P.R. to host 1st China investment forum Mar. 1-3
February 8, 2017
Looking to position the island as an “ideal investment destination for China” in the United States and Latin America, Puerto Rico will host the 1st China Investment Forum, Mar. 1-3, Gov. Ricardo Rosselló announced Tuesday.
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Liberty loses Lifeline provider designation in FCC sweep
February 7, 2017
The Federal Communications Commission on Friday invalidated the inclusion of nine new broadband Internet Service Providers — including Liberty Puerto Rico — in it’s Lifeline subsidies program, leaving an undetermined number of low-income families that could have benefited in suspense had the program gotten off the ground.
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P.R.’s migration level at record high in ’15; 89K left to US
February 6, 2017
The Puerto Rico Institute of Statistics on Sunday released data confirming that 89,000 people emigrated from Puerto Rico to the U.S. mainland in 2015, a year when all migratory indicators reached new levels.
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P.R. Trade spells out plans to boost local businesses
February 3, 2017
In his first presentation as the new head of Puerto Rico Trade and Export, Ricardo Llerandi on Thursday outlined the agency’s plans to “promote, encourage and facilitate the development of the local business class.”
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PR gov’t defaults on $312M in debt, interest due Feb. 1
February 2, 2017
The Commonwealth of Puerto Rico defaulted on $312 million in principal and interest due Feb. 1st by four credit-issuing entities, including constitutionally protected General Obligation bonds, the government confirmed Wednesday.
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Sprint reportedly finalizing acquisition of Open Mobile
January 31, 2017
Wireless carrier Sprint is reportedly in the final stages of acquiring competitor Open Mobile in what would be the first major change in Puerto Rico’s telecommunications landscape this year, two sources confirmed to this media outlet.
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The Big Think Group to represent PRConsultants Group
January 30, 2017
Full service public relations and digital marketing communications firm The Big Think Group has been appointed the Puerto Rico partner of the PRConsultants Group, considered North America’s “leading public relations professionals,” the local agency announced Sunday.
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Bankers Association offers tips for small biz success
January 30, 2017
The Puerto Rico Bankers Association is offering a series of recommendations to the island’s small and mid-sized business community so they can “get off on the right foot” this year.
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First BanCorp. reports $23.9M in net income for 4Q16
January 27, 2017
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported Thursday net income of $23.9 million for the fourth quarter of 2016, or $0.11 per diluted share, compared to $24.1 million, or $0.11 per diluted share, for the third quarter of 2016 and $15.0 million, or $0.07 per diluted share, for the fourth quarter of 2015.
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EDB OK’s $238K in loans for new P.R. businesses
January 27, 2017
In the first three weeks of the year, the Economic Development Bank for Puerto Rico has expedited internal processes to achieve faster loan closings, with $238,130 already approved, the agency announced Thursday.
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MED Week event presents prospects for local businesses
January 27, 2017
The Puerto Rico MBDA Business Center, run by the Puerto Rico Products Association, will sponsor an event on Feb. 2 to spur business growth opportunities for local companies.
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Report: Puerto Rico’s bankruptcy filings drop 2% in ’16
January 26, 2017
The number of bankruptcy cases filed in Puerto Rico during 2016 dropped by 2 percent year-over-year, with a total of 10,221 filed, research firm Boletín de Puerto Rico disclosed Wednesday.
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$13.5M Aloft Hotel Marriott breaks ground in Ponce
January 26, 2017
Public and private sector representatives broke ground Wednesday on what will be Puerto Rico’s first Starwood Aloft Hotel Marriot in Ponce. The property will entail a $13.5 million investment, officials said.
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P.R. entrepreneurs lobby with Rosselló for priority status
January 24, 2017
Members of the Empresarios por Puerto Rico trade group met Monday with Gov. Ricardo Rosselló to help identify measures to promote economic development focused on sustainability and in which priority is given to local businesses and eliminating barriers affecting competitiveness.
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San Patricio Plaza to undergo $4M remodel in ’17
January 17, 2017
San Patricio Plaza in Guaynabo will undergo a $4 million remodeling that will begin tonight and last over 10 months, company officials announced Monday.
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