Locally produced newscast to debut on WAPA America
October 22, 2014
Starting Oct. 27 U.S. Hispanics will be able to watch a new Spanish-language primetime newscast produced specifically for the U.S. market by Puerto Rico's WAPA Television.
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GDB, Treasury provide liquidity, cash flow updates
October 20, 2014
As part of its initiative to enhance public disclosure, the Government Development Bank for Puerto Rico recently provided a “special liquidity update,” while the Treasury Department posted a Commonwealth General Fund cash flow projection for Fiscal 2015.
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USDA grants $153K to Puerto Rico for housing repairs
October 20, 2014
The U.S. Department of Agriculture recently granted Puerto Rico $153,345 to help rural families repair and rehabilitate their homes. The funding is included in a global $4.8 million the agency is doling out nationwide, U.S. Agriculture Secretary Tom Vilsack announced.
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Lilly to close Guayama plant in ’15 as part of realignment
October 17, 2014
Eli Lilly and Company announced Thursday plans to conclude production and pursue a sale of one of its Guayama plant, one of three operations it has in Puerto Rico. The site will remain in production until the end of 2015, company officials said.
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Puerto Rico auto sales on non-stop downward spiral
October 17, 2014
Auto sales in Puerto Rico continued their downward trend in Spetember, when 8.1 percent fewer vehicles went to new owners, marking the eighth consecutive month of this year showing negative results, according to numbers released Thursday by the United Automobile Importers Group.
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Doral employees urge to gov’t to end fight, spare jobs
October 17, 2014
A group of Doral Bank employees held a news conference Thursday, urging Gov. Alejandro García-Padilla to stop the government’s “attack” on their workplace, and “save their jobs.”
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Telecom Board voicing need for transatlantic teamwork
October 16, 2014
The Puerto Rico Telecommunications Regulatory Board is taking an active role in the international arena, voicing a need for greater transatlantic coordination and collaboration efforts to benefit markets across the globe, which stand to gain a lot from existing and emerging technologies.
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Puerto Rico governor reshuffles fiscal team
October 16, 2014
Puerto Rico Gov. Alejandro García-Padilla announced changes to his fiscal team Wednesday that call for shifting Treasury Secretary Melba Acosta to the helm of the Government Development Bank, and naming Juan Zaragoza-Gómez as her successor at the agency. The governor also announced the appointment of Luis Cruz as director of the Office of Management and Budget.
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PR Tech Corridor gets $7M grant to curb unemployment
October 16, 2014
The Puerto Rico Technoeconomic Corridor in Mayagüez has been selected to receive more than $7 million in grant funding from the U.S. Department of Labor to join the effort to help curb long-term unemployment.
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Liberty Puerto Rico launches ‘Liberty Everywhere’
October 16, 2014
Liberty Puerto Rico recently launched its newest product, “Liberty Everywhere,” through which it vows to “transform the ways in which its customers access and use video content.”
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Bahía Beach Resort selects Claro as telecom provider
October 16, 2014
Telecommuncations company Claro Puerto Rico and the St. Regis Bahía Beach Resort and Golf Club announced an agreement by which the former will provide the residents of Bahía Beach its television and fiber optic broadband services with speeds of up to 150 Megas for Internet service.
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Pulitzer winner: Investigative journalism ‘good business’
October 15, 2014
Investigative reporting is a long-standing practice in journalism known for its all-consuming nature when it comes to time and resources. However, becoming involved in this type of exercise — which can be said is becoming a lost art — is not only a media outlet’s way of performing its civic duty, but ultimately makes great business sense.
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EDB pumps $32.2M into Puerto Rico economy in 1Q15
October 15, 2014
The Economic Development Bank for Puerto Rico disclosed Tuesday that during the first quarter of Fiscal 2015, it has approved more than $32.2 million in 68 loans to businesses looking to expand or establish themselves on the island.
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Gov. signs bill to spur development of creative industries
October 15, 2014
Puerto Rico Gov. Alejandro García-Padilla signed Tuesday Senate Bill 655, which establishes public policy for promoting and giving stimulus to creative industries, conceives the Creative Industries Advisory Board and assigns $1 million to Puerto Rico Trade and Export to oversee those tasks.
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PR MBDA receives $100K for aerospace industry training
October 15, 2014
The Puerto Rico Minority Business Development Agency Center, a nonprofit run by the Puerto Rico Products Association, received funding from the U.S. Department of Commerce to establish a technical assistance program to help minority companies join the aerospace industry supply chain.
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