Velasco: Fiscal rule+oversight board, key to P.R. revival
March 3, 2016
The man who once ran Latin America’s healthiest economy has some advice for Puerto Rico: adopt a “fiscal rule” that slashes debt by setting surplus targets over the long term so the commonwealth has room to spend more during recessions.
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Study: P.R. at high risk for shipping, billing fraud
March 3, 2016
Puerto Rico is among seven U.S. jurisdictions with a higher-than-average rank for shipping and billing fraud attacks, according to a recently released study by global information services company Experian.
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FirstMortgage strengthens housing market position
March 3, 2016
While Puerto Rico’s mortgage market has seen a serious decline of about 50 percent since 2007, FirstMortgage has sought to maintain its position by implementing a few strategies, including zeroing-in on towns outside the San Juan metropolitan area.
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Puma starts selling 20-lb LPG cylinders at gas stations
March 3, 2016
Puma Energy announced Wednesday it began selling 20-pound Liquefied Petroleum Gas cylinders at the end of February at nearly a dozen service stations islandwide.
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Aerostar highlights milestones since takeover of LMM
March 2, 2016
Agustín Arellano has worked as a private pilot, air traffic controller and general director of air traffic services throughout his long career, but three years ago, the Mexican aviation pioneer took on his latest challenge: transforming Puerto Rico’s flagship airport from an obsolete relic of the 20th century into a modern world-class gateway.
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Burell, local chefs to headline 9th ‘Saborea’ culinary fest
March 2, 2016
Familiar Food Network personalities and a roster of local chefs will headline the 9th edition of the Saborea Puerto Rico culinary fest, slated for April 7-10 on the grounds of El Escambrón beach.
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EPA targets 2 people, 1 co. illegally using methyl bromide
March 2, 2016
As part of its ongoing work to address the illegal use of toxic pesticides containing methyl bromide in the Caribbean, the U.S. Environmental Protection Agency has issued legal complaints against two individuals and a pest control company in Puerto Rico for violating federal pesticides law and the Clean Air Act.
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Skechers, Shoe Carnival donate new shoes to P.R. kids
March 2, 2016
Skechers and Shoe Carnival teamed up to donate more than 2,000 pairs of new BOBS from Skechers shoes to children in need in Puerto Rico.
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Contractors rally in favor of PRASA revitalization bill
March 1, 2016
A cross section of local contractors lobbied Monday at the Capitol for the approval of the bill that would give the Puerto Rico Aqueduct and Sewer Authority access to the bond market saying, “a vote against the bill is a vote in favor of a water rate hike.”
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D.C. forum to explore fiscal responsibility law for P.R.
March 1, 2016
Chile’s former finance minister and an ex-lieutenant governor of New York will be among five panelists appearing Wednesday in Washington, D.C., to discuss how a Fiscal Responsibility Law (FRL) might help stabilize Puerto Rico’s public finances and overhaul the island’s fiscal infrastructure.
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Telecom Board, FCC join to advance broadband services
March 1, 2016
The heads of the Puerto Rico Telecommunications Regulatory Board and the Federal Communications Commission met last week to coordinate a joint agenda to promote faster and better access to broadband communications services on the island, through a $4 million annual allocation.
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Perea Hospital in Mayagüez unveils $19.5M expansion
February 29, 2016
Perea Hospital, located in the municipality of Mayagüez, is embarking on an aggressive growth plan that entails the investment of $19.5 million for the construction of infrastructure, acquisition of new equipment and the remodeling of existing structures.
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Depto De La Comida to focus on restaurant at new venue
February 29, 2016
When opportunity knocks on the door, they say one should answer quickly, which is just what a popular San Juan food business, with a big role promoting Puerto Rico's organic agriculture, has just done.
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Grupo Guayacán names 3 new board members
February 29, 2016
Grupo Guayacán Inc. (GGI) announced that three new Directors have agreed to serve on the organization’s Board of Directors effective immediately.
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Aerostar makes $22.5M electricity payment to PREPA
February 26, 2016
Aerostar Airport Holdings, the operator of the Luis Muñoz Marín International Airport, settled a dispute it had with the Puerto Rico Electric Power Authority over past due electricity charges and made a $22.5 million payment, utility officials announced.
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