Cidrines marks 40 years in P.R. as it plans to blanket the 50 States
October 4, 2018
In the last two years, the company grew by 8 percent, while in the United States it grew by 350 percent during the same period.
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U.S. district judge certifies class of P.R. residents suing PREPA for fuel overcharges
October 3, 2018
In the original lawsuit filed Feb. 24, 2015, the plaintiffs sought compensation for their estimated $1 billion losses in electricity overcharges.
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$130M backup fiber optic cable to be deployed along P.R’s southern coast
October 3, 2018
The first phase of the project will entail an investment of $30 million to build.
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Rosselló signs executive orders to achieve savings, reorganize several agencies
October 3, 2018
Puerto Rico Gov. Ricardo Rosselló a pair of executive orders to achieve efficiencies in the Insurance Commissioners’ Office and the Office of the Commissioner of Financial Institutions, as well as other offices related to the agricultural industry.
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Destino Hack Summit to focus on best practices to promote P.R.’s economic development
October 3, 2018
Foundation for Puerto Rico announced details of its event — Destino Hack Summit, the first conference in the Caribbean focused on technology and innovation in the Visitor Economy, whose purpose is the economic development of the island.
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30 finalists vying for SME P.R.’s Marketing Excellence Awards
October 2, 2018
The Puerto Rico Sales and Marketing Executives Association announced the finalists, 30 in total, of this year’s Marketing Excellence Awards in 2018.
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Dorado Beach, a Ritz-Carlton Reserve reopens a year after Hurricane María
October 2, 2018
Dorado Beach, a Ritz-Carlton Reserve reopened Monday, a little over a year after Hurricane María hit the island, causing damage to the property.
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A.M. Best puts Cooperativa de Seguros Multiples de P.R.’s ratings ‘under review’
October 2, 2018
A.M. Best announced it has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of Cooperativa de Seguros Multiples de Puerto Rico.
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GAO report: Unreliable economic, limited labor data make P.R.’s situation difficult to assess
October 1, 2018
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
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Ferry service between Ceiba and Vieques, Culebra to start Oct. 10
October 1, 2018
The service will be provided with four vessels leased from a private operator at a cost of $15 million for one year.
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P.R.’s General Fund revenue collections up 10.1% year-over-year in August
September 29, 2018
Net revenues collections for the commonwealth’s General Fund totaled $670.3 million in August 2018.
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SBA graduates 16 co.’s from 4th Emerging Leaders training series in P.R.
September 29, 2018
The U.S. Small Business Administration graduated 16 companies from its Emerging Leaders program in Puerto Rico.
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Tesla, Suez Group in short list of proposals for trio of P3 projects
September 28, 2018
The three projects went through the required evaluation process, as specified in the Public-Private Partnerships Act.
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NY Fed studies reveal growth in ‘micro revenue’ firms in P.R. post-hurricanes
September 28, 2018
In the year since Hurricane María struck Puerto Rico, the share of so-called “micro-revenue” firms generating $50,000 or less in profits increased.
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FEMA awards P.R. some $56M in federal grants
September 28, 2018
The Federal Emergency Management Agency confirmed it has awarded Puerto Rico nearly $56 million in grants to cover Hurricane María-related expenses.
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