MED Week event presents prospects for local businesses
January 27, 2017
The Puerto Rico MBDA Business Center, run by the Puerto Rico Products Association, will sponsor an event on Feb. 2 to spur business growth opportunities for local companies.
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Report: Puerto Rico’s bankruptcy filings drop 2% in ’16
January 26, 2017
The number of bankruptcy cases filed in Puerto Rico during 2016 dropped by 2 percent year-over-year, with a total of 10,221 filed, research firm Boletín de Puerto Rico disclosed Wednesday.
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Rosselló calls for increased Medicare Advantage funding
January 26, 2017
Gov. Ricardo Rosselló sent a letter Wednesday to Acting-Secretary of Health and Human Services, Norris Cochran, advocating for increased funding to the Medicare Advantage plans operating in Puerto Rico, which serve over 570,000 elderly island residents including some of the most vulnerable among them.
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$13.5M Aloft Hotel Marriott breaks ground in Ponce
January 26, 2017
Public and private sector representatives broke ground Wednesday on what will be Puerto Rico’s first Starwood Aloft Hotel Marriot in Ponce. The property will entail a $13.5 million investment, officials said.
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Popular reports $1.4M net loss in 4Q16
January 25, 2017
Popular Inc. reported a net loss of $4.1 million for the quarter ended Dec. 31, 2016, compared to net income of $46.8 million for the quarter ended Sept. 30, 2016.
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Executives named in entertainment, finance, accounting
January 25, 2017
This edition of “Climbing the Corporate Ladder” includes appointments of executives in the fields of entertainment, finance and accounting, and insurance in Puerto Rico.
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Oversight Board confirms 4th meeting on Jan. 28
January 25, 2017
The Financial Oversight and Management Board for Puerto Rico confirmed Tuesday it will hold its fourth Board meeting in Puerto Rico on Jan. 28 at 8:30 a.m. The meeting will be held at El Conquistador hotel in Fajardo.
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P.R. entrepreneurs lobby with Rosselló for priority status
January 24, 2017
Members of the Empresarios por Puerto Rico trade group met Monday with Gov. Ricardo Rosselló to help identify measures to promote economic development focused on sustainability and in which priority is given to local businesses and eliminating barriers affecting competitiveness.
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Puerto Rican startups rock Parallel18’s Demo Day
January 23, 2017
Wireless sensors for soil, plant-based water filter for emerging markets and a mobile platform to borrow and share objects with your neighbors were among the 25 companies pitching to potential investors at Parallel 18’s Demo Day.
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Oversight Board outlines goals for P.R.’s fiscal plan
January 19, 2017
The Financial Oversight and Management Board for Puerto Rico on Wednesday outlined the goals, objectives and parameters that must be included in the new administration’s fiscal plan, as well as its willingness to extend the deadline to submit the document and effect a moratorium on creditor lawsuits, subject to specific conditions.
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GUIA: Fleet sales drive ’16 car sales, which will dip in ’17
January 19, 2017
The United Group of Automobile Importers predicted Wednesday that this year’s car sales will range from 82,000 to 84,000 units, a slight drop from 2016’s results.
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USDA looks to fund broadband in unserved rural areas
January 19, 2017
USDA Rural Development Under Secretary Lisa Mensah announced Wednesday that the agency is accepting applications for the Community Connect Grant Program and Broadband Program for FY 2017.
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SBA seeks to fund entrepreneurship training
January 19, 2017
The U.S. Small Business Administration is inviting funding proposals from nonprofit organizations, state, local and tribal government agencies, and institutions of higher learning to provide “Boots to Business” entrepreneurship training to service members, military spouses, and veterans.
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San Patricio Plaza to undergo $4M remodel in ’17
January 17, 2017
San Patricio Plaza in Guaynabo will undergo a $4 million remodeling that will begin tonight and last over 10 months, company officials announced Monday.
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Liberty opens new customer service center in Aguadilla
January 17, 2017
Liberty Puerto Rico announced Monday the opening of a new customer service center at Aguadilla Mall to offer more efficiency and convenience to customers in northwestern Puerto Rico.
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