El San Juan Hotel, union reach agreement ending strike
May 5, 2017
El San Juan Hotel and Local 610 of the Union de Trabajadores de la Industria Gastronómica (UNITE) announced Thursday they have reached an agreement in their collective bargaining negotiation, putting an end of a public stand-off that kept union members in vigil in front of the Isla Verde property.
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Lido Jewelers opens store at The Mall of San Juan
May 5, 2017
Lido Jewelers opened its newest store at The Mall of San Juan Thursday, adding to the mix of retail tenants at the two-year-old shopping center.
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Reactions abound over govt’s Title III restructuring filing
May 4, 2017
Local and stateside creditors and credit ratings agencies did not reach a true consensus over the government's decision and future effect of seeking the bankruptcy-like protection under Title III of PROMESA on Wednesday to restructure some $70 billion in debt.
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PR Legal Marijuana to train cannabis dispensary techs
May 3, 2017
Medicinal cannabis dispensary technicians are projected to be in higher demand as the Puerto Rico Health Department has resumed the approval of licenses for such establishments with last week’s authorization of an additional five dispensaries.
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SBA, CIAPR hosting federal contracting networking event
May 3, 2017
The U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors (CIAPR by its Spanish acronym) will conduct this Thursday, May 4 their Annual Government Contracting Matchmaking Event, bringing together contracting officers and small business owners, as National Small Business Week takes place on the island.
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T-Mobile opens Plaza Fajardo store in Fajardo
May 3, 2017
Defying the challenges of the current economic environment, T-Mobile announced Tuesday the opening of its new store in Plaza Fajardo.
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U.S. House votes to close investor protection loophole
May 2, 2017
The U.S. House of Representatives voted Monday to close a decades-old loophole that has exempted financial institutions operating in Puerto Rico and the territories from the same investor protections that apply on the mainland.
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Congressional funding package includes $300M for P.R.
May 2, 2017
Puerto Rico Gov. Ricardo Rosselló confirmed Monday that Puerto Rico was included in the Appropriations package expected to be approved by Congress this week, which will guarantee $296 million toward the Medicaid shortfall, $3.3 million for the dredging works in the San Juan Harbor, and $750,000 to start working on the Martín Peña Channel.
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Bankruptcies down 23% in April; -12% year-to-date
May 2, 2017
The number of bankruptcy cases filed in Puerto Rico showed a steep decline last month. #NewsismyBusiness
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Loíza St. bustling with new small business activity
May 1, 2017
Amid the economic gloom currently pervading Puerto Rico, one bright spot stands in firm contrast: Loíza Street.
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Oversight Board certifies fiscal plans for 4 P.R. agencies
May 1, 2017
The Financial Oversight and Management Board for Puerto Rico on Friday approved and certified the fiscal plans of four covered territorial agencies: the Government Development Bank; Puerto Rico Highways and Transportation Authority; Puerto Rico Aqueduct and Sewer Authority; and Puerto Rico Electric Power Authority, with amendments.
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MIDA: Food retailers lose $116M to shoplifters in PR
April 28, 2017
Puerto Rico food retailers lose some $116 million as a result of shoplifting, inefficiency and negligence in managing inventory, employee theft or fraud, according to the "Portrait of the Food Industry" study released by the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
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SME study: Online purchasing up 13% in Puerto Rico
April 28, 2017
Currently, some 807,000 people in Puerto Rico shop online and spend an average of $158 a year.
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Fine jewelry retailer Posh Haus opens in Paseo Caribe
April 28, 2017
With an initial investment of more than $500,000, Posh Haus is the new fine jewelry and design house that joins the ever-growing list of tenants that have already opened their doors in the commercial area of Paseo Caribe in San Juan.
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Puma Energy upgrades aviation fueling processes
April 28, 2017
Global fuel company Puma Energy, a provider of jet fuel and aviation gasoline in the Americas, announced the launching of “eAviation,” a digital solution that can handle the aviation industry’s high requirements more efficiently and accurately.
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