Economy strangling P.R. nonprofits, United Way says
September 26, 2016
In Puerto Rico’s embattled economy, everyone is at risk. Nonprofit organizations are no exception.
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Online site gathers data for court auctions in P.R.
September 26, 2016
Looking to provide economic alternatives and new solutions to Puerto Rico and to attract different markets interested in investing on the island, E&S Group Inc. recently launched the new digital platform EdictosySubastas.com.
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Private sector: P.R. power grid needs ‘full overhaul’
September 23, 2016
In the wake of the biggest blackout Puerto Rico has experienced in more than three decades, which has affected more than 1.5 million customers, members of the island’s private sector urged the powers-that-be to push forward with a complete overhaul of the electrical system.
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UTC Aerospace Systems expanding presence in P.R.
September 22, 2016
UTC Aerospace Systems, a unit of United Technologies Corp., announced Wednesday it is expanding its presence in Puerto Rico over the next three years with the establishment of an operations and supply chain business services center.
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OFG Bancorp sells PREPA credit line for $124M
September 21, 2016
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
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Bayer inaugurates 2 development stations in Puerto Rico
September 21, 2016
Life sciences giant Bayer inaugurated Tuesday two research and development facilities in Guánica and Sábana Grande, as part of an ongoing effort to contribute to the field of crop science, one of the company’s main business lines since it was established on the island 13 years ago.
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Espacios Abiertos to publish control board documents
September 21, 2016
Espacios Abiertos, a nonprofit organization that promotes transparency, announced Tuesday the creation of a website where it will post documents generated or published by the Fiscal Oversight Board.
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FCCA: SJ convention will boost ’17 cruise-ship arrivals
September 21, 2016
More than 900 people have signed up to attend the Florida-Caribbean Cruise Association’s 23rd annual Cruise Conference & Trade Show, set for Sept. 26-30 in San Juan.
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OCIF: Puerto Rico banks could benefit from fiscal board
September 20, 2016
Puerto Rico’s banking sector, which has been weathering the island’s economic storm for the better part of the last decade, could benefit from the arrival of the Fiscal Control Board, and the trust it could instill on future investors, Financial Institutions Commissioner Rafael Blanco said.
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EVERTEC enters new phase with fresh identity, culture
September 20, 2016
Transaction processing firm EVERTEC is entering a new phase as it looks to accelerate growth and expand its footprint even further into Central and Latin America, as one of Puerto Rico’s most dynamic technology firms.
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A.M. Best affirms B++ rating for Multinational Life
September 20, 2016
Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance industry, has affirmed the insurer’s B++ rating and revised the company’s “Long Term Issuer” credit rating from stable to positive.
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Op-Ed: What we can do for ourselves to boost economy?
September 20, 2016
Everybody is “waiting” for the Fiscal Control Board in hopes that it will “give” us something. It remains to be seen which programs they would implement, etc. But why can’t we do something for ourselves?
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SBA opens call for ’17 Nat’l Small Business Week nods
September 20, 2016
The U.S. Small Business Administration announced Monday it is now accepting nominations for its 2017 National Small Business Week Awards, including the annual Small Business Person of the Year.
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Mesón Sandwiches expanding in Central FL through ’17
September 19, 2016
Mesón Sandwiches, a Puerto Rico-based fast casual restaurant that marries the flavors of the Caribbean with an American staple, will open this week its third Central Florida location at the Premium Outlets Vineland in Orlando.
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J.B. Hunt Transport, Trailer Bridge to offer joint services
September 19, 2016
Trailer Bridge Inc., based in Jacksonville, FL, recently announced an exclusive joint service offering with J.B. Hunt Transport Inc., based in Lowell, AR to provide customers with access to an unlimited container base throughout the United States and Puerto Rico.
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