Zaragoza to ask Board to put Treasury in receivership
October 19, 2016
Treasury Secretary Juan Zaragoza will ask the Financial Oversight and Management Board for Puerto Rico to place the agency he heads under receivership, to prevent anyone — including himself — from signing off on significant material transactions that could affect the government’s coffers.
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PRASA looks to staff, service PRASA Revitalization Corp.
October 19, 2016
The Puerto Rico Aqueduct and Sewer Authority’s (PRASA) board of directors on Tuesday authorized the creation of a Memorandum of Understanding to provide staff and services to the PRASA Revitalization Corp., formed recently to provide external financing to the cash-strapped water utility.
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Ponce’s San Lucas Hospital pumps $2.5M into facility
October 19, 2016
The Episcopal San Lucas Hospital in Ponce unveiled Tuesday a $2.5 million investment in its facilities, where it added a new Fetal Medicine Center, an Intermediate Emergency Room Unit, as well as new nuclear equipment.
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Banco Popular adopts tech from Diebold Nixdorf
October 19, 2016
Banco Popular announced Tuesday it is partnering with Diebold Nixdorf to pilot advanced predictive maintenance analytics to increase operational efficiency and broaden consumer touchpoint visibility.
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Sprint announces ‘Unlimited Freedom for Business’ plan
October 19, 2016
Wireless carrier Sprint announced Tuesday its “Unlimited Freedom for Business” plan, which offers four lines of unlimited talk, text and data for $35 per month per line.
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Backyard Bondholders balk at govt’s 10-year fiscal plan
October 18, 2016
Backyard Bondholders, a nonprofit group representing more than 60,000 individual Puerto Rican creditors holding about $15 billion in public debt, warned Monday that the government’s proposed 10-year fiscal plan would jeopardize future economic growth recovery.
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Triple-S Advantage receives 4 stars and 5 stars in Part D
October 18, 2016
Triple-S Advantage’s HMO contract (H5774) received a 4-star rating from the Centers for Medicare and Medicaid Services (CMS) 5-star rating system as a result of the company’s close collaboration with its healthcare providers and business partners to provide quality services to the Medicare Advantage population, the insurance provider announced Monday.
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Famous Dave’s sponsors Santa Isabel college students
October 18, 2016
BBQ restaurant Famous Dave’s recently awarded 10 grants to as many students of the IEN Business School in Santa Isabel, to mark the opening of its fourth location in Puerto Rico.
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Institute of Culture commits to full financial disclosure
October 17, 2016
The Puerto Rico Institute of Culture recently joined the Financial Transparency System with the goal of offering citizens a total breakdown of its investment in resources and operating expenses, beginning in Fiscal 2015.
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Op-Ed: Sunnova is committed to Puerto Rico
October 17, 2016
Over the past three years, Sunnova has worked diligently to provide clean, affordable energy to its customers in Puerto Rico.
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Airport operators complete successful emergency drill
October 17, 2016
Aerostar Airport Holdings, LLC conducted its Full-Scale Emergency exercise at the Luis Muñoz Marín International Airport successfully with an average response time in line with the protocols of federal regulatory agencies, executives said.
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Foundation for P.R.: Visitor economy key to growth
October 14, 2016
Foundation for Puerto Rico presented Thursday its strategic vision to develop the island’s visitor economy as the first step toward the island’s economic transformation within the next five years.
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New $3.6M School of Tourism opens in Mayagüez
October 14, 2016
Jorge Iván Vélez-Arocho, president of the Pontifical Catholic University of Puerto Rico, announced Thursday the opening of the $3.6 million University School of Tourism, Hospitality and Culinary Arts (EUTHAC, its Spanish acronym) in the college’s Mayagüez campus.
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Manuel Cidre: Puerto Rico needs a CEO as governor
October 14, 2016
Cuban-born Manuel Cidre, a highly successful CEO who’s put off by the partisan bickering he says has crippled the island’s economy, wants to make Puerto Rico great again — so he’s running for governor as an independent.
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Arcos Dorados to exclusively source cage-free eggs
October 14, 2016
Arcos Dorados, the world’s largest McDonald’s franchisee, announced Thursday it will source 100 percent cage-free eggs by 2025, to reinforce its commitment to animal welfare, demonstrated by its existing practices in sourcing animal products including cattle and chicken.
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