Giuliani: P.R. must focus on security for economic dev’t
February 27, 2015
Former New York City Mayor Rudy Giuliani urged Puerto Rico leaders to place making the island a secure place to visit, live and do business a top priority, because it will ultimately lead to economic development.
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P.R. needs laws to restructure public debt, investor says
February 27, 2015
Hedge fund manager Mohnish Prabai, who last year established an investment firm in Old San Juan, said Thursday Puerto Rico will find a “huge competitive advantage” in having the necessary legal tools to be able to restructure public debt.
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Puerto Rico’s bid for Ch. 9 inclusion heard in Congress
February 27, 2015
The U.S. House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law held a hearing Thursday on H.R. 870, known as the “Puerto Rico Chapter 9 Uniformity Act of 2015,” which drew a bi-partisan delegation from the island to express support for inclusion.
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FCC, REGULATEL sign MOU to manage regional efforts
February 27, 2015
The Latin American Forum of Telecommunications Regulators, known as REGULATEL, and the Federal Communications Commission’s International Bureau recently signed a memorandum of understanding to establish a cooperative relationship between both organizations to direct regional initiatives.
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FDIC, Court deliver twin blows to ailing Doral Bank
February 26, 2015
Doral Bank was on the receiving end of major blows by the Federal Deposit Insurance Corp. and the Appellate Court Wednesday, just before it's time as a member of Puerto Rico’s financial community could come to an end.
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Redesigned Nissan Murano ’15 hits Puerto Rico roads
February 26, 2015
Automaker Nissan is setting the bar high for the third generation, 2015 Murano mid-sized crossover, expecting it to sell at a rate of 60 units per month in Puerto Rico, Juan Santana-Chea, commercial director for the company, said Wednesday.
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Drinking water to be focus of AIDIS-Puerto Rico congress
February 26, 2015
Issues and challenges related to drinking water, climate change and its impact on water bodies, new water purification technologies will be some of the main discussions of the XII Puerto Rican Congress of Sanitary Engineering and Environmental Sciences that will be held March 4-6 at the Metropolitan Campus of the Inter American University.
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Critical Hub extends Optico Fiber broadband service
February 25, 2015
Broadband service provider Critical Hub announced Tuesday it has opened more than 25 Optico Fiber “fiberhoods” in the San Juan area to provide gigabit-speed Internet.
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5 more tenants sign up to The Mall of San Juan mix
February 25, 2015
Camicissima Milano, Geox Shoes and Invicta Watches are the three most recent retailers adding their names to The Mall of San Juan’s tenant mix, this media outlet learned Tuesday. That drives the number of confirmed retailers to nearly three dozen.
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‘Productive financing’ driving social, economic dev’t
February 25, 2015
Productive financing, or financial products and services granted for the development of entrepreneurs who have no access to the conventional financial system, is the most effective way to fight poverty and inequality, said Manuel Méndez del Río, president of the BBVA Microfinance Foundation, during a conference this week.
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Exec Prouty extolls P.R.’s virtues as place to do business
February 25, 2015
The laws set forth by the current administration to lure investors and companies to Puerto Rico are not the only attractions the island has to offer, said Nicholas Prouty, CEO of Putnam Bridge Investments, to a roomful of business location experts and economic development professionals.
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Oriental Bank bets on youth for this year’s IRA push
February 25, 2015
Oriental Bank is kicking off this year’s IRA push with a multimedia campaign focusing on changing the younger population’s perception of the savings tool, which is usually associated with the older customer.
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T-Mobile marks a year of shaking up sector with growth
February 25, 2015
Wireless carrier T-Mobile on Tuesday marked a year since launching its “Libérate” campaign, through which it set out to shake up the industry by eliminating contracts and lowering average monthly rates by 15 percent, company officials said.
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Economists: Don’t tax education, fiscal growth plan vital
February 24, 2015
Several prominent Puerto Rican economists urged lawmakers on Monday to exempt educational institutions from the proposed 16 percent value-added tax being discussed as part of a sweeping tax reform for the island.
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Puma Energy expanding Puerto Rico operation in ’15
February 24, 2015
Puma Energy Caribe has ambitious plans on its horizon this year, including the expansion of its liquefied petroleum gas line and its vehicle service centers islandwide, Eduardo Galíndez, commercial manager for the petroleum company said Monday.
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