Pawa Dominicana launches flight operations in P.R.
October 5, 2016
Pawa Dominicana officially launched its air service between the Dominican Republic and Puerto Rico this week, representing an increase in its footprint throughout the Caribbean, company officials said this week.
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Artlet Aviation signs deal with Heli-One to repair aircraft
October 5, 2016
Arlet Aviation LLC, a Puerto Rican company dedicated to servicing the local and international aviation industry announced Tuesday it has signed an agreement with Heli-One as their representative in the Caribbean area.
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PR hosts int’l maintenance & reliability engineering class
October 5, 2016
PdMTech, a Puerto Rican engineering and predictive maintenance firm and the Condition Monitoring & Maintenance Institute, will sponsor a “Maintenance & Reliability Engineering Master Class” on Oct. 5-6, the companies announced Tuesday.
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Probe reveals questionable aspects of PREPA bond issue
October 4, 2016
A pre-audit survey report released Monday by the Commission for the Comprehensive Audit of the Public Credit of Puerto Rico analyzing a $673 million bond issue by the Puerto Rico Electric Power Authority has raised a number of questionable aspects of the transaction completed in 2013.
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CBP seizes $1.5M in illegal counterfeit products in P.R.
October 4, 2016
U.S. Customs and Border Protection San Juan Field Operations announced today that 206 seizures where made of counterfeit products, valued at $1.5 million, which were illegally imported into Puerto Rico via international mail.
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Creative industries represent 5.7% of P.R. sales activity
October 3, 2016
Creative industries — those dedicated to design, arts, media and services — generate nearly 70,000 jobs and $10 billion for the Puerto Rican economy, representing about 5.7% of sales generated by all companies on the island, the Puerto Rico Statistics Institute disclosed in a recent report.
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García-Padilla delivers documents to oversight board
September 30, 2016
Puerto Rico Gov. Alejandro García-Padilla announced Thursday he has turned over several documents detailing the island’s fiscal situation to the fiscal oversight board, a day ahead of the federally appointed body’s first meeting today.
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P.R. Tourism Co. expects record-breaking cruise season
September 30, 2016
Puerto Rico is on its way to break cruise passenger records for the second time in three years, Tourism Co. executives said Thursday, during the 23rd annual Florida Caribbean Cruise Association (FCAA) Cruise Conference and Trade Show in San Juan.
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Specialty retailer vomFASS opens at Paseo Caribe
September 30, 2016
Following an investment of $500,000, vomFASS — an international specialty retailer featuring a variety of oils, vinegars, wines and spirits — opened its doors at Paseo Caribe in San Juan.
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US Dept. of Labor gives $1.1M to P.R. to improve services
September 30, 2016
The U.S. Department of Labor announced Thursday a total of $43.2 million in Reemployment & Systems Integration National Dislocated Worker Grants to 43 states and territories to support and improve connectivity among existing workforce programs.
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Denny’s invests $1.5M in 13th restaurant opening in P.R.
September 30, 2016
Marpor Corporation, operator of the Denny’s restaurant chain in Puerto Rico, announced Thursday the opening of its 13th location, at the Las Cascadas Hotel in Aguadilla, which will create 210 new direct jobs. The company invested $1.5 million in the new eatery that opens today.
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Toyota holds on to market share of 29.4% in P.R.
September 30, 2016
The current economic climate notwithstanding, the automotive industry continues to show a slow but steady sales pattern, with Toyota leading sales with its positive performance.
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‘Hackathon’ event rescheduled for Oct. 15-16
September 30, 2016
HackPR, a nonprofit comprised of students and young professionals promoting the development of technical skills through unconventional teaching methods, announced Thursday the new dates for the event that was postponed due to last week’s power blackout.
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Scotiabank sues P.R. gov’t over loan repayment
September 29, 2016
Scotiabank Puerto Rico on Wednesday filed a complaint against the government of Puerto Rico to prevent the diversion and expropriation of certain tax revenue pledged as collateral to secure a loan the bank extended to the Metropolitan Bus Authority.
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Grupo Martí steering Volvo brand back into the spotlight
September 29, 2016
Grupo Martí, a family company based in the Dominican Republic, is looking to steer the Volvo brand of luxury vehicles back to the privileged position it had among Puerto Rico consumers several decades ago with significant investments and long-terms plans.
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