La Fortaleza hosts ‘Urban Market’ event
July 23, 2012
More than 20 farmers and culinary artisans were invited to La Fortaleza last week to take part in a special edition of the Economic Development Bank-sponsored Urban Market event intended to expose them to the requirements to become suppliers to the governor’s mansion.
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GDB sends scathing letter to Moody’s over ratings cut
July 20, 2012
The Gov. Luis Fortuño administration sent a scathing letter to Moody’s Investor Services late Thursday, expressing its “utter disappointment” with the agency’s decision to downgrade the Puerto Rico Sales and Use Tax Financing Corporation’s bond rating.
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LMM airport expected to take off through P3 concession
July 20, 2012
The cash offer submitted by Aerostar Airport Holdings — a consortium comprised of Grupo Aeroportuario del Sureste (ASUR) and Highstar Capital IV, L.P. — to run the Luis Muñoz Marín International Airport edged out its competitor’s proposal by just $48 million, Puerto Rico Public Private Partnership Authority Executive Director David Álvarez said Thursday.
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Plaza Del Caribe embarks on $3.5M food court makeover
July 20, 2012
Plaza Del Caribe will soon begin the $3.5 million remodeling and expansion of its "Terraza Del Caribe" food court and the construction of the second Zara store in Puerto Rico.
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EPA to hold public hearings on Arecibo waste-to-energy facility air permit
July 20, 2012
The U.S. Environmental Protection Agency has scheduled a new round of public hearing sessions to accept public comments on its proposed action to approve an air permit to Energy Answers International Inc., which has announced plans to build a $500 million, 77-megawatt waste-to-energy plant at the former site of the Global Fibers Paper Mill in Arecibo.
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Aerostar Airport Holdings lands LMM P3 contract
July 19, 2012
Exactly one week after receiving proposals from the last two remaining consortiums vying to take over the management of the Luis Muñoz Marín International Airport, Gov. Luis Fortuño announced today the government has chosen Aerostar Airport Holdings for the job.
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Popular reports $65.7M in 2Q net income
July 19, 2012
Popular Inc. reported Wednesday net income of $65.7 million for the second quarter ended June 30, 2012, compared with $48.4 million in net income during the prior trimester ended March 31.
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OSHA orders Ameriflight to reinstate, pay P.R.-based pilot in whistleblower case
July 19, 2012
The U.S. Department of Labor’s Occupational Safety and Health Administration has ordered Ameriflight, LLC, , a Burbank, Calif.-based air carrier, and its subsidiary, Ameriflight, PR Inc., to reinstate and provide compensation to a Puerto Rico-based pilot who was discharged for raising safety concerns and for contacting the Federal Aviation Administration about those concerns.
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OMB Chief: ‘We strongly reject’ Moody’s $16B COFINA bond rate cut
July 18, 2012
In what may constitute as the latest setback in Puerto Rico’s attempt to put the economy back on track, Moody's Investors Service announced Wednesday its decision to downgrade $16 billion in Puerto Rico Sales Tax Financing Corporation bonds.
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McNeil laying off 225 at troubled Las Piedras plant
July 18, 2012
More than two years after running into some serious production troubles at its Las Piedras plant, McNeil Consumer Healthcare announced Tuesday it will layoff 225 people as it focuses on complying with correcting deficiencies detected by the U.S. Food and Drug Administration.
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EPA OKs $70K ‘green’ education grant to Turabo University
July 18, 2012
The U. S. Environmental Protection Agency awarded $70,000 to enable the Turabo University in Gurabo, to work with junior high school students and teachers in developing web pages focusing on their local environment.
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Seaborne Airlines announces new LMM-Tortola flights
July 18, 2012
Less than a month after announcing plans to expand its fleet of aircraft, investing more than $7 million in three new planes, regional carrier Seaborne Airlines confirmed Tuesday plans to launch twice-daily flights from the Luis Muñoz Marín International Airport to Tortola’s Terrence B. Lettsome International Airport
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Dorado Beach partners with Cousteau’s undersea environmental program
July 18, 2012
Dorado Beach, a Ritz-Carlton Reserve and environmental diplomat Jean-Michel Cousteau have announced plans to create an environmental education and eco-adventure program using Dorado Beach as the natural classroom, introducing travelers to Puerto Rico's natural wonders and cultural heritage at the resort.
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Crystal Serenity making maiden call to Ponce port in December
July 18, 2012
The ultra-luxe Crystal Serenity will sail into the southern port of Ponce to ring in the New Year, marking its first visit to Puerto Rico, parent company Crystal Cruises announced Tuesday.
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Fortuño OKs more tax breaks for filmmakers
July 17, 2012
The Puerto Rico government is making even more tax breaks available to draw filmmakers to the island, which in the last three years has become a magnet for big-budget Hollywood and television productions.
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