Fortuño signs off on $304M bond issue for road improvements
June 1, 2011
Gov. Luis Fortuño signed the law approving a $304 million bond issue to finance several infrastructure projects, mainly road improvements, planned throughout the island.
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San Germán’s Hospital de la Concepción receives recognition
May 25, 2011
The Puerto Rico Hospitals Association recently named Hospital de la Concepción in San Germán “2011 Hero” for its 500 years of health care services, particularly to residents of the island’s southwestern region. “Aside from celebrating our people’s daily efforts to care for our community’s physical and spiritual well-being, we commemorate 500 years of humanitarian work […]
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Fortuño administration files new cruise ship industry law
May 25, 2011
Slightly more than a month before the island’s current cruise ship incentives law expires, the Gov. Luis Fortuño administration filed Wednesday a new bill that would expand the scope of benefits offered to a sector that generates $245 million for the local economy.
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Advent-Morro pumps $5M into La Familia pawnshop chain
May 24, 2011
Private equity firm Advent-Morro announced Tuesday it is investing $5 million in pawnshop chain La Familia to support its expansion plans in Florida and Puerto Rico.
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Payá restaurant closes its doors
May 24, 2011
Contemporary criollo bistro Payá closed its doors abruptly on Tuesday, leaving only a note on the door of the restaurant located at City View Plaza in Guaynabo.
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El Blok hotel in Vieques to open December ’12
May 24, 2011
Nearly three months after announcing the approval of a $3.5 million loan to facilitate the construction of a new boutique hotel in Vieques, Economic Development Bank officials participated Monday in the groundbreaking for what in December 2012 should become the El Blok boutique hotel.
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From the Boondocks
May 24, 2011
Former telecom executive Raúl Burgos, who since leaving the industry has been immersed in the world of entrepreneurship, offers his candid take on Puerto Rico’s business landscape and how it compares to what is going on beyond our shores.
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CPI jumps 2.5% year-over-year in April, dips slightly vs. prior month
May 20, 2011
Increasing healthcare, transportation, housing and food costs put pressure on the island's Consumer Price Index, which jumped by 2.5 percent year-over-year in April, but seemed to show slight improvement in comparison to the prior month.
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Retailers: P.R. must remain efficient to endure rising food prices
May 5, 2011
The links that make up Puerto Rico’s food chain — shippers, distributors and retailers — need to become as efficient as possible to keep costs in check as external pressures continue mounting and threatening the price and availability of products.
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NY debt insurer: P.R. poised for fiscal recuperation despite recession, obstacles ahead
March 2, 2011
New York-based National Public Finance Guarantee Corp. on Wednesday gave props to the government’s progress in successfully addressing Puerto Rico’s “structurally unbalanced fiscal environment.”
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Cement sales drop in Dec. ’10, remain flat year-over-year
January 12, 2011
Cement sales on the island continued their downward spiral during the last quarter of 2010, dropping close to 8 percent, but remained nearly flat year-over-year.
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