Local bondholders demand voice in restructuring talks
April 25, 2016
Individual Puerto Rico bondholders announced the creation of Backyard Bondholders seeking to have a unified voice in the negotiations between the commonwealth’s government, the U.S. House of Representatives and other creditors on the restructuring of the public debt.
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Contractors rally in favor of PRASA revitalization bill
March 1, 2016
A cross section of local contractors lobbied Monday at the Capitol for the approval of the bill that would give the Puerto Rico Aqueduct and Sewer Authority access to the bond market saying, “a vote against the bill is a vote in favor of a water rate hike.”
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Perea Hospital in Mayagüez unveils $19.5M expansion
February 29, 2016
Perea Hospital, located in the municipality of Mayagüez, is embarking on an aggressive growth plan that entails the investment of $19.5 million for the construction of infrastructure, acquisition of new equipment and the remodeling of existing structures.
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Grupo Guayacán names 3 new board members
February 29, 2016
Grupo Guayacán Inc. (GGI) announced that three new Directors have agreed to serve on the organization’s Board of Directors effective immediately.
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LatAm marketing accelerator INDY scouts for startups
February 25, 2016
INDY, the first marketing accelerator in Latin America, announced an open call to apply for a six-month program focused on helping post-seed startups develop marketing plans to fuel their growth.
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P.R. Science Trust grants $350K to 5 scientists for R&D
February 22, 2016
The Puerto Rico Science, Technology and Research Trust presented the five scientist winners of the Small Research Grants Program, an initiative through which funds are awarded to help them position their respective research and development proposals in a more competitive realm, prior to being submitted for consideration by federal and private agencies.
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PharMaHealth Group revs up LatAm expansion
February 19, 2016
Miami-based PharMaHealth Group, owner of local pharmaceutical marketing firms PharMaCon and Health Partners, is in the midst of an ambitious expansion to Latin America and the U.S. Hispanic market, as it seeks to grow along with its clients.
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Trade expert offers tips to revive P.R.
February 17, 2016
WASHINGTON — José Raúl Perales, a Santurce-born regional trade expert who spent years advising the Puerto Rican government — and later the U.S. private sector and the Department of Homeland Security — says bankruptcy protection and tax breaks alone won’t help the island regain its long-term competitiveness against global rivals.
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Private Sector Coalition continues DC lobbying efforts
February 11, 2016
Leaders of Puerto Rico's Private Sector Coalition continued their push in Washington DC for the enactment of economic development measures for the commonwealth as the true way out of the fiscal crisis.
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Quintessentially Lifestyle opens P.R. operation
February 11, 2016
Quintessentially Lifestyle, a global private members’ club offering concierge services and lifestyle management services has established a local operation and will be introducing its services at the Puerto Rico Investment Summit on Feb. 11-12.
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Guayacán sets off 10th edition of EnterPRize competition
February 10, 2016
The tenth edition of Grupo Guayacán’s business competition, EnterPRize, kicked off with the participation of this year’s 25 semi-finalists in a series of workshops that are part of its educational curriculum.
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M. Holland to acquire 2 San Juan-based distributors
February 10, 2016
M. Holland Co., a distributor of thermoplastic resins, announced Tuesday it has signed a letter of intent to acquire Able International Corp. and Tril Export Corp., both headquartered in San Juan.
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Auction.com to sell 100+ bank-owned properties in P.R.
February 5, 2016
Auction.com, a Ten-X company, announced Thursday the upcoming online auction of more than 100 bank-owned residential properties in Puerto Rico.
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P.R. bankruptcies up 3% in Jan., Ch. 11 cases up 200%
February 5, 2016
Puerto Rico began 2016 with 716 bankruptcy filings in January, representing a 3 percent year-over-year jump, statistics released Thursday by analyst firm Boletín de Puerto Rico show.
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Study: ‘Millennials’ represent 22% of P.R.’s population
February 5, 2016
“Millennials,” or those people born between 1980 and 2000, represent 22 percent of Puerto Rico’s population, and represents a generation of togetherness with family, with friends, collaborating with teams to study and work.
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