Triple-S Management Corp. loses $1.9M in 3Q16
November 4, 2016
Puerto Rican managed care company Triple-S Management Corporation announced Thursday consolidated revenues of $744.7 million and a net loss of $1.9 million, or $(0.08) per diluted share, versus net income of $4.2 million, or $0.16 per diluted share a year ago.
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2 Popeyes restaurants to open at LMM Int’l Airport
November 4, 2016
Management Group Investors and Popeyes Louisiana Kitchen Inc. have signed an agreement to open the first two restaurants at the Luis Muñoz Marín International Airport, through a $1.6 million investment.
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Ford grants $40K to 7 environmental organizations
November 4, 2016
Seven organizations focused on environmental conservation will split $40,000 in grant funding from the most recent round of funding provided by Ford in Puerto Rico as a part of Ford Motor Company's Conservation & Environmental Program.
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Rock Solid, GTEC join forces to expand to Dom. Republic
November 3, 2016
Rock Solid Technologies Inc., a Puerto Rican firm specializing in technology development and services in Latin America and the United States, announced Wednesday it recently signed a strategic alliance with Dominican firm Gestión Tecnológica (GTEC) to establish operations in the neighboring island nation.
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Owners of Budatai restaurant file for Ch. 11 bankruptcy
November 3, 2016
The owners of Asian fusion restaurant Budatai, headed by renown Chef Roberto Treviño, have filed for Chapter 11 bankruptcy protection, citing more than $400,000 in debt, according to the documents on record at the U.S. Bankruptcy Court.
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Oriental boosts presence among young people, women
November 3, 2016
Oriental Bank has implemented a number of strategies to expand its customer base and increase its market share of young people and women, achieving sustained growth for the past 18 months, company officials said Wednesday.
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Red Cat Propware opens HQs in Humacao, is hiring
November 3, 2016
Red Cat Propware, a provider of software and services for the drone industry, today announced its official launch and headquarters opening in Humacao, company CEO Jeff Thompson confirmed Wednesday.
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Study: ‘Gen Z’ aspires to be educated, self-employed
November 2, 2016
Puerto Rico’s “Generation Z,” those born after 1995, aspire to earn a college degree, be self-employed, and favor quality of life and experiences over money.
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Plastic bags will take months to disappear after ban
October 31, 2016
The ban on disposable plastic shopping bag kicks in Dec. 30, but though Puerto Rico’s retailers have had a year to prepare, don’t expect them all to give up plastic right away.
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Fiscal board submits names for revitalization coordinator
October 31, 2016
The Financial Oversight and Management Board for Puerto Rico announced Sunday it has submitted the names of three candidates for possible designation as revitalization coordinator to Puerto Rico Gov. Alejandro García-Padilla.
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SBA OKs $95.5M in loans in P.R., USVI in Fiscal ’16
October 31, 2016
The U.S. Small Business Administration approved $95.5 million in loans to small businesses in Puerto Rico and the U.S. Virgin Islands during fiscal year 2016, a 19 percent increase over the previous fiscal year, the agency announced.
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Op-Ed: Making a promise to Puerto Rico
October 31, 2016
When Roosevelt Roads Naval Station ceased operations in 2004, the surrounding region suffered a significant population and financial loss.
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Christiansen Insurance Group joins Assurex Global
October 31, 2016
Christiansen Insurance Group (CIG), a local insurance brokerage firm established in Puerto Rico, has joined Assurex Global as an exclusive partner, company officials announced.
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Pawa Dominicana to offer scheduled flights to U.S.
October 31, 2016
Pawa Dominicana will mark a new milestone in the Caribbean's aviation industry with the arrival of its first passenger service to Miami from Santo Domingo, making it the first commercial Dominican airline to offer flights to the United States in more than 20 years, the company announced.
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SME study: 53% of P.R.’s adults scale back on purchases
October 28, 2016
More than half, or 53 percent of Puerto Rico’s adult population, confirmed in a recent study that they have stopped buying products or services because of the island’s economic situation.
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