Ample reactions after Oversight Board OKs fiscal plan
March 14, 2017
Representatives from a cross-section of the economy expressed their opinions Monday in the wake of the the Financial Oversight and Management Board for Puerto Rico approval of the fiscal plan the island’s government must follow to shore up liquidity and fund essential services.
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Grupo Guayacán kicks off 11th edition of EnterPRize
March 14, 2017
Grupo Guayacán Inc. (GGI) announced Monday the official kick-off of its EnterPRize Business Competition which provides startups with access to an educational curriculum including workshops, mentoring, coaching, and the opportunity to compete for more than $100,000 in equity free seed capital from GGI and a group of corporate partners.
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First BanCorp. announces sale of PREPA loan
March 14, 2017
First BanCorp. announced Monday that its subsidiary, FirstBank Puerto Rico, sold on March 10, 2017 its outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA), reducing its direct exposure to Puerto Rico government related credits.
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González promotes manufacturing incentives for P.R.
March 13, 2017
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González-Colón, has filed legislation to extend indefinitely the application of Internal Revenue Code Section 199 in Puerto Rico, together with co-sponsors congressmen Carlos Curbelo (R-Florida 26), John Lewis (D-Georgia 5) and José Serrano (D-NY 15).
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P.R. Football Club kicking off 2nd season with high goals
March 13, 2017
The Puerto Rico Football Club is gearing up to start its second regular season, hosting more local games than last year, as team owners look to boost the visibility and performance of the young member of the North American Soccer League.
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Op-Ed: A modest FEAT to help with P.R.’s fiscal woes
March 13, 2017
With the looming fiscal crisis overwhelming the government of Puerto Rico, many proposals are persistently brought forward, with the sincere aim of taking small steps towards sensible short and long-term solutions.
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‘Recuerdos de mi vida’ TV show celebrates elderly life
March 13, 2017
The first episode of “Recuerdos de mi vida,” a half-hour weekly TV-show designed to cater to Puerto Rico’s senior population, made its debut this weekend, producers announced.
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Congress moves bill protecting investors in P.R.
March 10, 2017
U.S. Congressional Committees moved Thursday to close a decades-old loophole that critics say has caused significant financial losses for many Puerto Rican investors and retirees.
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FirstBank, Center for P.R. team up on Women’s Week
March 10, 2017
In the spirit of contributing to the business development of entrepreneur women, FirstBank, through its Community Reinvestment Unit, is sponsoring the Center for Puerto Rico’s “Women Entrepreneurship Program,” the organizations announced Thursday.
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Planning Board: PR economy will shrink in Fiscal ’17, ’18
March 9, 2017
The Puerto Rico Planning Board released economic projections for fiscal years 2017 and 2018, which reflect drops in the Gross Domestic Product of 1.7 percent and 1.5 percent, respectively.
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Popular bets on P.R. in new institutional campaign
March 9, 2017
Under the slogan of “100 x whatever we want,” Popular bank is launching a new advertising campaign that seeks to inspire Puerto Rico residents to think differently — to see the island with new eyes and break new ground.
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OFG Bancorp names COO, CFO; GM names president
March 9, 2017
OFG Bancorp announced high-ranking executive appointments Wednesday, while GM Security Technologies named a new president recently.
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Condé Nast Traveler chooses W Retreat pool among best
March 9, 2017
Travel and luxury magazine Condé Nast Traveler recently included the W Retreat & Spa-Vieques Island in their prestigious list of “10 Hotels with Over-the-Top Poolside Experiences” around the world.
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Gov’t suspends $1.8B in special assignments, tax credits
March 8, 2017
The government of Puerto Rico released an administrative order Tuesday suspending some $1.8 billion in special assignments and tax credits, in an attempt to bridge budgetary gaps.
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Op-Ed: PR’s healthcare system needs urgent action
March 8, 2017
In their almost 52 years of existence, Medicaid and Medicare, jointly with the Children’s Health Insurance Program (“CHIP”), have alleviated the suffering of millions of children, low-income adults and elderly people by enabling them to access dignified health care.
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