Science Trust launches Parallel18 to spur startups
December 10, 2015
The Puerto Rico Science Technology & Research Trust is turning to the startup ecosystem as a contributing solution to Puerto Rico's current economic crisis with the launch of Parallel18, a program with the goal of expanding the horizons of local entrepreneurs in the short term and create economic development in the long run.
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Autocentro to invest $5M in Nissan, Toyota dealerships
December 10, 2015
Puerto Rican firm Autocentro announced Wednesday a $2.5 million investment to open a new Nissan dealership in San Juan, spanning 39,000 square feet and creating 50 jobs.
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Visa awards FirstBank for efficiency against fraud
December 10, 2015
The incidence in debit and credit card fraud has been in on the rise in Puerto Rico given the different ways fraudsters use to obtain a cardholder’s information.
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Gov. signs Supervisory Board bill, other fiscal measures
December 9, 2015
Puerto Rico Gov. Alejandro García-Padilla signed into law the first five measures related to the Plan for Fiscal and Economic Growth, including the measure creating the Fiscal Supervisory board, La Fortaleza confirmed Tuesday.
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Guayacán advocates science, math to 500 high schoolers
December 9, 2015
Grupo Guayacán, a nonprofit with more than 10 years of experience in entrepreneurial development programs, on Tuesday gathered more than 500 students to encourage careers in Science, Technology, Engineering and Math (STEM) and entrepreneurship as part of the kickoff of a new educational initiative aimed at high school students.
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PREPA extends agreement with creditors to Dec. 17
December 9, 2015
The Puerto Rico Electric Power Authority announced Tuesday it has executed an amendment to its previously announced restructuring support agreement (“RSA”) with the Ad Hoc Group of PREPA bondholders through Dec. 17, 2015.
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P.R. CEOs, American Cancer Society ally to fight disease
December 9, 2015
More than 20 Puerto Rico top executives officers from local companies joined forces at the Condado Vanderbilt Hotel to launch the American Cancer Society CEOs Against Cancer P.R. Chapter, an exclusive and selective initiative uniting company leaders in the fight to prevent cancer and save lives.
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CNE: P.R. needs Ch. 9 to navigate ‘unchartered waters’
December 8, 2015
Puerto Rico’s current fiscal problems are bringing up unprecedented issues that will likely be subject to interpretation by local and federal courts if the government defaults on its debt and bondholders decide to defend their contractual rights via the lawsuit route.
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Stella Maris church to reopen as $5M temple in Condado
December 8, 2015
When Stella Maris church reopens in Condado as a brand new building, sometime within the next year and a half, it will fully integrate with its neighborhood and even turn into a tourist draw.
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Aon Hewitt study: P.R. salaries to increase slightly in ’16
December 7, 2015
Puerto Rico salaries could see a slight improvement next year, breaking a two-year cycle of flat results, according to the results of the 28th edition of the “Global Salary Increase Survey” conducted by Aon Hewitt.
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Nonprofits unite to promote tourism industry start-ups
December 7, 2015
The Foundation for Puerto Rico and the Center for Entrepreneurs will join forces to develop business ideas, in 54 hours, that strengthen the island’s tourism ecosystem.
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8 stores, eateries opening at The Mall of San Juan in Dec.
December 7, 2015
American Cut Bar & Grill and BRIO Tuscan Grille are among the eight new shopping and dining options that will debut before the end of this year — seven of which are exclusive to the market — at The Mall of San Juan.
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United Airlines features San Juan as ‘perfect’ destination
December 7, 2015
United Airlines is promoting San Juan as a “perfect” tourist destination in the December 2015 edition of its “Hemispheres” magazine, which is distributed on board all its flights worldwide.
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Colgate, Walmart donate $5K to Enactus Puerto Rico
December 7, 2015
Colgate and Walmart Puerto Rico recently joined forces in a fundraiser through which they collected $5,000 that were donated to nonprofit Enactus Puerto Rico, to support sustainable development projects in economically disadvantage communities on and off the island.
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Moody’s: P.R.’s debt woes hit guaranty sector as a whole
December 4, 2015
The eventual restructuring of some or all of Puerto Rico’s $73 billion in debt obligations will carry “significant implications” for the financial guaranty sector as a whole, Moody’s Investor Service said Thursday.
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