MasterCard, IDB partner to improve economic inclusion
January 30, 2014
MasterCard and the Inter-American Development Bank have recently signed an agreement, as announced at the World Economic Forum in Davos, Switzerland, to work together in an effort to improve economic inclusion, transparency and financial formalization through the expansion of electronic payments in Latin America and the Caribbean.
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Pandora Radio taps into Puerto Rico’s music, ad mix
January 21, 2014
After achieving massive popularity among Puerto Rico music lovers in recent years, Pandora Radio has been quietly carving a niche for itself since late 2013 as a multi-faceted digital advertising vehicle capable of reaching audiences in a very targeted manner.
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Bhatia’s energy bill gains private-sector support
January 15, 2014
A number of prominent private-sector leaders expressed their support Tuesday of Senate Bill 837, which proposes to create the Puerto Rico Energy Regulatory and Oversight Commission to, among other things, begin reeling in local electricity costs.
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Puerto Rico gov’t health plan adoption driving market
January 14, 2014
The market dominance of government-based healthcare coverage in Puerto Rico is driving managed care organizations to cover more generic drugs as fewer residents can afford more expensive plans, according to a recent report released by Mass.-based healthcare industry analyst firm Decision Resources Group.
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Claims Software Dev., Science Trust join to spur 75 jobs
January 14, 2014
Puerto Rico Science, Technology and Research Trust officials announced Monday the signing of a collaborative agreement with Claim Software Development Inc. to create 75 new jobs for professionals dedicated to developing technologies in health informatics mainly for Puerto Rico, the U.S. mainland and Latin America.
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Plan for $200M Cayey mega mall stuck in Supreme Court
January 13, 2014
Ciudadela de Cayey, a $200 million outlet mall that, if built, would be a third of the size of Puerto Rico's largest mall stands to dramatically alter the physical and economic landscape of the town of Cayey but the ambitious project has raised bitter opposition and is currently stalled due to a lawsuit over the permitting process.
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Puerto Rico bankruptcy filings up 26% YOY in December
January 7, 2014
Bankruptcy filings were up 26 percent year-over-year in December, when a total of 1,044 cases were filed, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
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Puerto Rico Products Assoc. rolls out ’14 agenda
January 7, 2014
The Puerto Rico Products Association unveiled Monday its “agenda for Puerto Rico’s socio-economic prosperity,” which pursues a three-pronged strategy to promote, develop and optimize the local industry to effectively insert the island into a global and competitive economy.
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Economists, trade groups predict scenarios for ’14
January 3, 2014
After a challenging year when Puerto Rico’s economy remained in contraction, members of the different key industries, trade associations and economists weigh in on what 2014 will bring to the island.
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A look back at ’13’s economic ups and downs
January 2, 2014
Puerto Rico's economy continued to be a hot button issue as growth continued to stall.
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Puerto Rican impresarios dipping into chocolate-making
December 30, 2013
Making and selling artisan chocolates in Puerto Rico has become a competitive option for local small businesses, which are already dipping into a growing economic sector.
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Puerto Rico’s “Lemon Law” still under evaluation
December 27, 2013
A House Bill that could pave the way for the creation and implementation of a “Lemon Law” for Puerto Rico is under evaluation, six months after public hearings for the measure that would help protect consumers from defective vehicles were held in early June, this media outlet has learned.
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Puerto Rico Senate approves Teacher’s Pension Reform
December 24, 2013
The Puerto Rico Senate approved late Monday the Teacher's Pension System reform bill submitted by Gov. Alejandro García-Padilla last week. The Senate's approval follows Saturday night's passage by the House of Representatives. The bill now goes to the governor's desk to be signed into law.
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Restaurants balk at new PRASA regulatory charge
December 20, 2013
The Puerto Rico Restaurant Association raised a red flag Thursday against the decision by the Aqueduct and Sewer and Authority’s examiner to enact an Environmental and Regulatory Compliance fee based on consumption for customers whose meters are less than 2 inches in diameter, and a flat rate for those with larger meters.
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Smuckers sues Nestle for copyright breach in Puerto Rico
December 19, 2013
Ohio-based J.M. Smucker Co. filed a $10 million lawsuit Wednesday against Nestle S.A. and Nestle USA, alleging copyright infringement of its trademark checkered pattern that the later company allegedly use to sell baby food products in Puerto Rico.
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