A.M. Best: P.R.’s economic struggles an ongoing challenge
July 6, 2015
Puerto Rico bonds have historically been well-received at issuance as they are triple tax-exempt, offering an alternative to investors that are free from local, state and U.S. federal taxes.
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Puerto Rico bankruptcies +3% in June, -7% so far in ’15
July 2, 2015
Island bankruptcy cases for the month of June were up 3 percent, with total liquidation cases filing leading the pack, a preliminary tally from Boletín de Puerto Rico released Wednesday showed.
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UPS marks 30 years of Puerto Rico operations
July 2, 2015
This year marks UPS’s 30 years of operations in Puerto Rico, where it has achieved sustainable growth and shown a “commitment to service excellence on the island,” company officials announced Wednesday.
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Expedia expands P.R. presence with 1st local office
July 2, 2015
The Expedia group, one of the world's leading travel companies, announced this week the opening of its first local Puerto Rico office in San Juan.
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EPA to provide $200K for environmental job training
July 2, 2015
U.S. Environmental Protection Agency Regional Administrator Judith A. Enck announced Wednesday that the agency has selected nonprofit PathStone Corp., to receive $192,300 to provide green job training in Puerto Rico.
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Liberty to host ‘Blood for Sharks’ blood drive event
July 2, 2015
To celebrate Discovery Channel’s Shark Week 2015, Liberty Puerto Rico will hold Blood for Sharks,” a blood drive campaign to benefit the Puerto Rico Blood Bank at Río Piedras Medical Center on July 2-3, the company announced.
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FirstBank, Gustazos partner to offer points for purchases
July 2, 2015
FirstBank and Gustazos.com, an online platform that sells group discount offers, recently joined forces to provide additional benefit to the bank’s customers in the form of credit card points.
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P.R. governor creates work group to restructure debt
June 30, 2015
Puerto Rico Gov. Alejandro García-Padilla announced Monday a multi-pronged plan to address the island’s fiscal crisis to work with creditors on restructuring what he described as the “unpayable” $73 billion debt.
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Puerto Rico gets $180K for reemployment services
June 30, 2015
The U.S. Department of Labor announced Monday it has awarded $80 million to workforce agencies in 44 states and in Puerto Rico, the U.S. Virgin Islands and the District of Columbia to provide re-employment and eligibility assessments.
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Puerto Rico to host ICANN conference in fall of 2016
June 29, 2015
The Internet Corporation for Assigned Names and Numbers, known as ICANN, will host its third public meeting of 2016 in Puerto Rico, from Oct. 29 to Nov. 4, the organization announced late last week.
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Toyota Foundation opens environmental grant cycle
June 29, 2015
The Toyota Foundation recently opened this year’s environmental grant cycle, allocating $100,000 to subsidize the work of several community-based and nonprofit organizations focused on environmental issues.
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Columbus Communications donates $120K to nonprofits
June 29, 2015
Columbus Communications and its local division Columbus Business Solutions recently delivered a donation of $60,000 each to Hogar Infantil Divino Niño Jesús in Luquillo and Hogares Teresa Toda in Canóvanas, from the proceeds of the 8th edition of its Charities Golf Tournament.
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Popular Community Bank inaugurates new NY HQs
June 26, 2015
High-ranking Popular Inc. executives were in this city this week to inaugurate the new headquarters for its Popular Community Bank business in North America, with expectations that the operation will generate more than $100 million in revenue over the next two or three years.
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Total Petroleum to invest $32M in Puerto Rico
June 25, 2015
Total Petroleum Puerto Rico Corp. announced Wednesday plans to invest some $32 million to expand and renew its terminal located in Guaynabo.
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Seguros Múltiples to offer compulsory insurance
June 25, 2015
Starting July 1, the Cooperativa de Seguros Multiples will begin competing in the compulsory insurance market with a new policy known as the Seguros Múltiples Compulsory Insurance.
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