Pierluisi: P.R. Task Force chair to be named this week
July 20, 2016
Puerto Rico’s Resident Commissioner in Washington, Pedro Pierluisi, said Tuesday that U.S. House Speaker Paul Ryan could name the lawmaker who will steer the work of the Puerto Rico Congressional Task Force this week.
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Café Yaucono donates 100 coffee trees to growers
July 20, 2016
Café Yaucono, along with its parent company, Puerto Rico Coffee Roasters, delivered 200,000 coffee trees to 100 local coffee growers as part of its agricultural program, the companies announced Tuesday.
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Walmart adds ‘Bien Cool’ postcards to its shelves
July 20, 2016
Walmart Puerto Rico announced Tuesday the addition of the “Bien Cool” postcard line, produced by local entrepreneurs joining the retailer’s network of island-made products, whose sales inject some $500 million annually for the economy, company executives said.
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Banco Popular North America launches ‘Popular Direct’
July 20, 2016
Banco Popular North America, a subsidiary of Popular Inc., announced Tuesday the launch of Popular Direct, a national online banking platform that offers competitively priced Certificates of Deposits and a savings account.
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Medical cannabis regulation changes create new picture
July 19, 2016
The new regulations for medical cannabis recently adopted by the Puerto Rico Department of Health set more flexible ownership requirements for all cannabis establishments, create new licenses for cannabis transportation, storage and distribution while opening new opportunities for the growing medical tourism sector.
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Fitch: P.R. bank ratings reflect Commonwealth’s woes
July 19, 2016
Following the Commonwealth of Puerto Rico's default, ratings for the island's two main banks, Popular (BPOP) and First BanCorp (FBP), will not be immediately affected, according to Fitch Ratings.
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Delta, Seaborne codeshare for travel to U.S., Caribbean
July 19, 2016
Delta Air Lines and Seaborne Airlines announced Monday a codeshare agreement that will provide customers from both airlines with increased travel options to and from the United States and Caribbean.
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11 P.R. rural small businesses to split $245K from USDA
July 19, 2016
Eleven rural small businesses in Puerto Rico will split $245,000 in loans and grants approved by the U.S. Department of Agriculture to further renewable energy use, agency Secretary Tom Vilsack said Monday.
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3 P.R. co.’s busted for falsely declaring small biz status
July 18, 2016
Constructora Santiago II, Corp., Centro Cardiovascular and Hospital Del Maestro have agreed to pay $132,000, collectively, to the United States to resolve allegations that each falsely certified to the Nuclear Regulatory Commission that it was a small business entity to pay reduced nuclear material handling fees.
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Puma Energy Global picks DDB Latina P.R. for ad push
July 18, 2016
Puma Energy Global announced that communications agency DDB Latina Puerto Rico has been appointed to design and execute a global marketing campaign to reposition its lubricants as "The New Standard" in the market.
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Molinos de Puerto Rico nabs top MIDA award
July 18, 2016
Molinos de Puerto Rico, the Caribbean arm of Ardent Mills', the flour-milling and ingredient company, was honored in June with the “Manufacturing Company of the Year” award from the Puerto Rico Chamber of Food Marketing, Industry and Distribution (known as MIDA by its Spanish acronym.)
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Pierluisi tapped for Congressional task force on P.R.
July 15, 2016
U.S. House Democratic Leader Nancy Pelosi has appointed Puerto Rico Resident Commissioner Pedro Pierluisi to the “Congressional Task Force on Economic Growth in Puerto Rico,” which was established by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).
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P.R. retail sales down 2.2% Y-O-Y in March
July 15, 2016
Puerto Rico’s retail sales reflected a reduction of $71.5 million, equivalent to a 2.25 drop when compared to March 2015, Puerto Rico Trade and Export revealed Thursday.
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A.M. Best affirms ratings of MAPFRE PRAICO group
July 15, 2016
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating of “a” for San Juan-based MAPFRE PRAICO Insurance Company and an affiliate, MAPFRE Pan American Insurance Company, collectively known as the MAPFRE PRAICO Group (MPG). The outlook for each rating is stable.
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FirstBank employees create Spotify playlist for clients
July 15, 2016
FirstBank recently launched its profile on the Spotify digital platform that includes two playlists— “Get Together Bank” and “Relax Bank” — created by bank staff for customers as part of the “Experiences” brand campaign.
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