El Mesón Sandwiches lends coffee industry a hand
October 12, 2012
During the month of October, El Meson Sandwiches is celebrating “Manos al Cafetal” (“A Hand to the Coffee Farms”), an initiative to raise awareness about the lack of workers available to harvest Puerto Rico’s coffee crops.
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15 EnterPRize competition semifinalists announced
October 11, 2012
Grupo Guayacán, a Puerto Rican nonprofit venture capital firm, announced Wednesday the selection of the top 15 business proposals submitted in this year’s EnterPRize Business Plan competition.
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Op-Ed: Is the recession ending or is it over?
October 11, 2012
During the past 12 months, Puerto Rico’s economic activity has gained ground, as the recession is no longer deepening. This scenario is in addition to the appearance of the first signs of an early recovery stage — albeit moderate — and seeing the first pieces of evidence indicating that the recession is over.
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Puerto Rico carving out medical tourism niche
October 10, 2012
With an economy still struggling and health costs soaring, many United States residents are opting to seek quality medical care at lower prices, and this is a niche that has enormous potential for Puerto Rico, as the island offers high quality healthcare at 40 percent to 60 percent less than the U.S.
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Puerto Rico gov’t would ground airport P3 if FAA rejects
October 10, 2012
Puerto Rico Public Private Alliance Authority Executive Director David Álvarez acknowledged Tuesday that if the Federal Aviation Administration fails to give its go-ahead to the Luis Muñoz Marín International Airport P3, the government would not pursue another such deal.
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SBA supports record $30.2B in loans in Fiscal ’12
October 10, 2012
With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in Fiscal 2012, supporting $30.25 billion in loans to small businesses, the agency informed Tuesday.
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Claro Chief: Puerto Rico market still ripe for growth
October 9, 2012
Four years after taking over the reins of Puerto Rico Telephone, the island’s largest telecommunications provider, company President Enrique Ortiz de Montellano believes there’s still a lot of work ahead to spur the growth of landline, wireless and paid television markets.
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AES Ilumina powers up Guayama solar energy farm
October 9, 2012
One year after announcing the start of construction of Puerto Rico’s largest solar farm in Guayama, AES Ilumina, LLC and government officials witnessed Monday the start of operations of the $96 million clean energy production project that will sell all of its output to the Puerto Rico Electric Power Authority under a 20-year power purchase agreement.
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Op-Ed: Supply chain-driven development
October 9, 2012
One of the many consequences of globalization, and of the technological change that to a significant extent made it possible, is that the meaning of terms used in economic development has changed.
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Seaborne Airlines to fly daily, SJ-BVI route starting Dec. 8
October 9, 2012
Seaborne Airlines, the regional carrier based in St. Croix, U.S. Virgin Islands, and the British Virgin Islands Tourist Board, in collaboration with the BVI Airport Authority announced Monday the start of daily round-trip flights between the Luis Munoz Marin International Airport to the BVI’s Terrence B. Lettsome International Airport starting Dec. 8.
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Doctors’ Center Hospital opening new $5.7M Santurce ER
October 8, 2012
Doctors' Center Hospital's multi-million dollar emergency room annex, currently under construction at Stop 20 in Santurce, is still several months away from completion but management already is counting on it to boost the hospital's visibility.
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Kraft Foods reinvents itself by splitting in 2
October 8, 2012
As it marks its 109th anniversary, Kraft Foods Group is emerging as a new public food and beverage company, splitting into two separate and independent companies: Kraft Foods Group (grocery) and Mondelēz International Inc. (snacks).
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Op-Ed: Torturing employment data
October 8, 2012
Dr. John Stewart, who worked for many years as an economic advisor at the Puerto Rico Industrial Development Company, used to say that if you tortured the statistics long enough, they would tell you what you wanted to hear.
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John Dewey College graduates to ‘university’
October 8, 2012
On the 20th anniversary of its foundation, John Dewey College is evolving into Dewey University, becoming the newest institution of higher learning to join Puerto Rico's academic sector.
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OneLink/Liberty merger getting TRB approval next week
October 5, 2012
The Puerto Rico Telecommunications Regulatory Board will sign off on a resolution and order next week approving the proposed $585 million deal through which Liberty Cable would acquire the assets of San Juan’s cable provider, OneLink Communications, News is my Business confirmed.
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