DTOP driving technology to curb motor vehicles office hassles
June 18, 2012
It’s no secret that getting, renewing or replacing a driver’s license — or just getting a plain ID card — in Puerto Rico is about as unpleasant as getting a flat tire when you don’t have a spare. The complicated forms, the long lines, and the sometimes irritable staff, can all add up to an all-day, cumbersome process that thankfully usually comes around every four or five years.
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Analyst: P.R.’s bank deposit shortage stunting loan activity
June 18, 2012
Puerto Rico’s banking sector is not generating enough deposit activity to fund loan demand, which makes it very competitive and leads to higher deposit costs when compared to the mainland U.S.
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Yogen Früz opening trio of shops in coming weeks
June 18, 2012
Just in time to fight off the scorching summer months, frozen yogurt chain Yogen Früz is rapidly expanding its local presence with the recent addition of its Plaza Esmeralda location in Guaynabo, plus plans for future locations slated begin serving the cold treats in Old San Juan, Mayagüez and Carolina in coming weeks.
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Number of major meetings held in P.R. triples in last year
June 18, 2012
The 2011 International Congress and Convention Association’s (ICCA) recently released country rankings show that the number of association meetings taking place in Puerto Rico more than tripled to 30 in 2011 from nine in 2010, when the island hosted a mixed bag of groups.
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Tourism Co. slaps illegal travel agency with ‘cease and desist’ order
June 15, 2012
In keeping with its role of overseeing agencies and tour operators in Puerto Rico, the Tourism Company issued Thursday a “cease and desist” order against Mayagüez company JD Reservation Services for operating as an unlicensed travel agency.
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ASUME adopts Microsoft software to cut back on ID theft, streamline processes
June 15, 2012
The Puerto Rico Child Support Administration, or ASUME, is looking to cut down on data and identity theft while achieving greater operational efficiencies by turning to Microsoft technology to digitize its records, the agency said Thursday
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Popular launches ‘On/Off’ energy exhibit
June 15, 2012
In keeping with its corporate practice of participating in the discussion of issues affecting the island, Banco Popular unveiled Thursday its newest exhibit, called “On/Off: Energy options for Puerto Rico,” at its Old San Juan building.
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Public Finance Corp. completes $410M bond issue
June 14, 2012
The Puerto Rico Public Finance Corporation placed and sold $410 million in bonds in the local market, the proceeds of which the agency will use to refinance existing debt and save $6.6 million in interest payments.
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Private Sector Coalition pitches ‘new paradigm for development’
June 14, 2012
The Private Sector Coalition unveiled a strategic plan Wednesday that includes “concrete proposals” to draw attention to unattended sectors and make way for new development standards and job creation to stimulate the economy in the short and long term.
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Stateside shopping center trade group taps local architect for key committee
June 14, 2012
Puerto Rico has more than 100 shopping malls, which generate about 20 percent more sales per square foot than their counterparts on the U.S. mainland.
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Execs pen publication highlighting Puerto Rico’s investment attributes
June 14, 2012
Two locally recognized executives, Miguel A. Ferrer and Gabriel Hernández, have pooled their knowledge to launch a publication entitled “Puerto Rico is the Answer” that highlights the advantages Puerto Rico offers in a wide range of sectors to the investment community.
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W Retreat, Copamarina resorts nab TripAdvisor honors
June 14, 2012
The W Retreat & Spa – Vieques Island and the Copamarina Beach Resort & Spa in Guánica were the recent recipients of “Certificate of Excellence” awards from renown travel site TripAdvisor, the hotels announced separately.
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Econo launches 2nd phase of social responsibility campaign
June 14, 2012
Supermercados Econo, in conjunction with 17 companies, announced the second phase of its “Gestos Positivos Pásalos Pa’lante” (“Positive Gestures, Pay them forward”) corporate social responsibility program will kick off Saturday.
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Puerto Rico Hospital Supply joins NextGen, Dell to deliver e-records solutions
June 14, 2012
Healthcare information systems and connectivity solutions provider NextGen Healthcare Information Systems LLC and Dell announced Wednesday an agreement with Puerto Rico Hospital Supply Inc. to jointly market and deliver advanced technology solutions and services to medical practices of all sizes and physician networks throughout Florida, the Caribbean, and opportunity to expand into the Central and South American markets.
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CNE: P.R.’s fiscal situation stable but ‘quite fragile’
June 13, 2012
Puerto Rico’s public finances have stabilized but are still weak, its indebtedness levels and rates are unsustainable, its fiscal viability over the medium term is uncertain, and its economic outlook remains quite modest, said the Center for the New Economy’s Policy Director Sergio Marxuach during an analysis of the administration’s current and future budgetary activity.
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