Lara: 2015 ‘emergency budget’ is 1st step to recovery
June 13, 2014
The government’s proposed budget for Fiscal 2015 is an “emergency budget” that should not be confused with the fiscal framework Puerto Rico should have to ensure the economy works the way it wants it to in the future.
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New EDB product to support community pharmacies
June 13, 2014
The Economic Development Bank on Thursday announced a partnership with the Puerto Rico Community Pharmacies Association to launch a new product to help promote the sector’s growth through financing new and existing operations.
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Survey: Nissan Rogue best crossover, best family car
June 13, 2014
The 2014 Nissan Rogue was named "Best Crossover" in the 2014 Parents and Edmunds.com 10 Best Family Cars list, the automaker announced Thursday. The award comes on the heels of news that the 2014 Rogue set yet another sales record in May 2013.
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Fitch cuts Puerto Rico Electric Power Auth’s credit to junk
June 12, 2014
Fitch Ratings downgraded Wednesday the rating on $8.7 billion of the Puerto Rico Electric Power Authority’s power revenue bonds to “BB” from “BB+,” putting them at junk level. In addition, Fitch also placed the “BB” classification on rating watch negative.
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Gov. signs law to support small, mid-sized businesses
June 12, 2014
Gov. Alejandro García-Padilla on Wednesday signed Law 545, known as the “Microenterprise, Small and Mid-Sized Business Support Act,” to support that sector of the Puerto Rican economy.
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Nevis presents its tourism offers in Puerto Rico
June 12, 2014
Top tourism officials for the Caribbean island of Nevis were in Puerto Rico Wednesday to share details of what their island has to offer to travelers during this summer vacation season.
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FirstBank launches EMV chip credit card in Puerto Rico
June 12, 2014
After a successful pilot program, FirstBank recently became the first Puerto Rican bank to offer an EMV chip credit card product for its Beyond Ultimate World Elite MasterCard.
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Microsoft retail stores to mark arrival of Surface Pro 3
June 12, 2014
Microsoft Corp. announced Wednesday details for in-store events and experiences in the more than 90 Microsoft retail stores in the U.S. mainland, Canada and Puerto Rico, to celebrate the launch of the tablet they say “can replace your laptop,” the Surface Pro 3.
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7th Coca-Cola Classic Golf Tourney is June 19th
June 12, 2014
Looking to reinforce its commitment to the community, Coca-Cola Puerto Rico Bottlers will be hosting the 7th edition of the Coca-Cola Classic Golf Tournament on June 19 at the Palmas Athletic Club in Humacao.
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182K ex-Centennial clients to split $1M in suit settlement
June 11, 2014
A group of 182,442 customers of the defunct Centennial de Puerto Rico will be splitting about $1 million after winning a class-action suit against the carrier that is now part of AT&T Puerto Rico over improperly collected municipal tax fees from July 2009 to December 2009.
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Econo Supermarket outranks competitors in DACO study
June 11, 2014
Puerto Rican supermarket chain Econo received the best marks in a study conducted by the Consumer Affairs Department, known as DACO, which evaluated the performance of the island’s best-known grocers.
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PRMA to host Quest 2014 best practices competition
June 11, 2014
The Puerto Rico Manufacturers Association announced Tuesday that it will host Quest 2014, a competition, a world-class continuous improvement competition on this Friday at the Polytechnic University in Hato Rey.
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Preliminary May 2014 collections beat estimate by $29M
June 10, 2014
Puerto Rico Treasury Secretary Melba Acosta-Febo said today that preliminary General Fund revenue collections for May totaled $753 million, exceeding collections for the same month of last year by $141 million, or 23 percent, and beating estimates by $29 million.
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Treasury pushes back start of IVU collections at ports
June 10, 2014
The Puerto Rico Treasury Department has pushed back the start of collections of Sales and Use Tax (known as IVU in Spanish) for merchandise coming through the island’s ports by a month, to Aug. 1, agency officials said Monday.
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Coliseum GM among entertainment industry’s influentials
June 10, 2014
Wesley Cullen, general manager of the Coliseum of Puerto Rico, was recently selected as one of the five most influential women in world industry venues by “Venues Today” magazine.
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