With diplomacy set, patience is key to U.S./Cuba rapport
June 22, 2016
The United States has “moved beyond” the debate over whether it’s time to improve relations with Cuba.
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Insurer ASC launches new 100% online claim service
June 22, 2016
ASC, a Puerto Rico-based insurance company dedicated exclusively to providing compulsory liability insurance for vehicles, announced Tuesday a new service enabling customers to initiate and complete, completely online, the process of submitting a claim, as well as receive payment for the damage the same day of filing a claim.
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P.R. to showcase tax incentives in June 29 NY conference
June 22, 2016
A trio of Puerto Rico-based, private-sector companies will be hosting the “Puerto Rico Tax Incentive Conference” in New York on June 29, to showcase the tax incentives and competitive advantages that make the island “an ideal investment destination.”
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GO bondholders sue P.R. over debt avoidance legislation
June 21, 2016
Certain entities owning Puerto Rico's General Obligation bonds filed a suit in the U.S. District Court for the Southern District of New York today, seeking to invalidate the Emergency Moratorium and Financial Rehabilitation Act enacted by the Commonwealth to delay the repayment of debts.
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General Contractors blast Senate for pulling PRASA bill
June 21, 2016
The Associated General Contractors of America, Puerto Rico Chapter (AGC-PR) on Monday blasted Senate President Eduardo Bhatia for withdrawing the Puerto Rico Aqueduct Authority Revitalization Act, saying holding off on its approval “is an attack on the island’s welfare and the future of the construction industry.”
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Meet Puerto Rico backs bill setting car rental surcharge
June 21, 2016
Meet Puerto Rico and key components of the island’s tourism industry expressed their support Monday of the House Bill 2867, which would establish a fixed daily surcharge of $3.50 on car rentals by non-residents.
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Madre Tierra Atabey, FirstBank alliance wraps 1st phase
June 21, 2016
Based on the premise that the residents of Puerto Rico contribute to environmental problems at a higher rate than those of other countries, more than 600 public elementary school students from 11 municipalities participated in the “Reto al cerebro” (“Brain Challenge”) program.
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Liberty, Microsoft partner up to ‘empower businesses’
June 21, 2016
Liberty Business, Liberty Puerto Rico’s business division, has formed an alliance with Microsoft to provide productivity tools and cloud solutions for small and medium-sized enterprises on the island.
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Cost of living in SJ metro area 11.6% higher than U.S.
June 20, 2016
Living in the Metropolitan Statistical Area of San Juan-Carolina-Caguas is 11.6 percent higher than the average for other metropolitan areas of the United States mainland, the most recent data revealed by the Puerto Rico Statistics Institute confirmed.
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Amgen names Puerto Rican exec to top corporate post
June 20, 2016
Pharmaceutical company Amgen recently announced the appointment of Puerto Rico native Esteban Santos as executive vice president of operations, effective July 25, 2016, reporting to Robert A. Bradway, chairman and CEO of the company.
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College students get $135K seed funding for businesses
June 20, 2016
With the goal of preparing college students to join the island’s business community, the Young Entrepreneurship Education System (YEES!), in collaboration with the Puerto Rico Products Association, recently held the second edition of the College Business Fair, during which 20 finalists received a combined $135,000 in seed funding for business creation.
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Nonprofits join to deliver ‘science to your community’
June 20, 2016
The Centros Sor Isolina Ferré and the Amgen Foundation announced recently they will join forces to deliver sciences to more than 350 public high school students in low-income communities through its “Ciencia Móvil” mobile lab.
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FASTSIGNS opens 3rd store in Puerto Rico market
June 20, 2016
Graphics and visual communications provider FASTSIGNS, recently inaugurated its third Center in Puerto Rico, located in Carolina.
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Meet Puerto Rico: Group business up in P.R. despite Zika
June 17, 2016
Puerto Rico's group business closed off what has come to be known as the initial Zika period (March to May), “very much open for business,” with 57 new booked pieces of business including events, conferences, annual meetings and sports activities from now through 2017, Meet Puerto Rico officials said Thursday.
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Roosy Roads among SBA’s new qualified HUBZones
June 17, 2016
The U.S. Small Business Administration announced Thursday the designation of an additional 516 census tracts qualified as Historically Underutilized Business Zones (HUBZones) in Puerto Rico, for a new total of 776.
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