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PR speeding up tax reform schedule as red flags rise over FY15 revenues
Issued: September 15, 2014
The Puerto Rico government is stepping up its tax reform schedule amid troubling revenue signs early in the new fiscal year. ...
PR horse racing running on empty
Issued: September 13, 2014
Puerto Rico’s horse racing industry is on the verge of collapse due to a steep drop in revenues, rising operational costs and government neglect,...
Shapiro: PR should follow Ireland path
Issued: September 13, 2014
Economist Robert Shapiro, who served as undersecretary of the U.S. Commerce Department during the Clinton administration, has written a new paper...
PR debuts national fashion brand
Issued: September 12, 2014
The Puerto Rico government is getting into fashion industry by supporting 10 local designers who have joined forces under P.ERE, the commonwealth’s...
¡Vive la Diferencia! A new way of banking
Issued: September 12, 2014
True to a 50 years tradition of creativity and innovation, Oriental launched a new institutional advertising campaign under the umbrella concept of...
PR-22 extension stalled, but not scrapped
Issued: September 12, 2014
The administration of Gov. Alejandro García Padilla has not dropped plans to extend the PR-22 expressway to Mayaguez despite a serious cash crunch at...
Aeromed grounded by lack of payment
Issued: September 12, 2014
Air ambulance Company Aeromed has halted operations due to non-payment by the Puerto Rico Health Department. ...
PR, DR to map Mona Passage security
Issued: September 12, 2014
Puerto Rico Gov. Alejandro García and Dominican Republic President Danilo Medina met Thursday to discuss tighter trade, cultural, tourism and public...
PR auto sales skid 19.8% in August
Issued: September 12, 2014
Island auto distributors reported the sale of 7,122 units in Puerto Rico and the U.S. Virgin Islands (USVI) in August, down by 1,754 units, or 19.8%,...
Guns: The flip side of Florida-PR flow
Issued: September 11, 2014
As Puerto Ricans flood into Florida seeking brighter economic opportunities, a rising reverse flow of guns from the Sunshine State into the island...
PR summit to woo LatAm investors
Issued: September 11, 2014
The Puerto Rico government is gearing up to host a summit for Latin American investors interested in tapping the island’s business potential through...
Crowley blazes new trail in LNG supply
Issued: September 11, 2014
Crowley Maritime Corp. subsidiary Carib Energy LLC has been granted a 20-year, small-scale U.S. Department of Energy export license for the supply,...
PR tax haul misses August estimates; revenue from key Law 154 levy slides
Issued: September 11, 2014
The Puerto Rico government’s tax revenues missed estimates in August, marking the first shortfall two months into fiscal 2015. ...
$16M in federal funds for Head Start
Issued: September 11, 2014
Puerto Rico is in line for $16 million in federal funds for Early Head Start and Head Start programs around the island. ...
TV project on golfer lands in PR court
Issued: September 11, 2014
Mark Anthony Burk, a professional golf player who was the subject of a 2011 Golf Channel documentary series titled “Pipe Dream,” is suing the...
PR government marks 9/11 attacks
Issued: September 11, 2014
Puerto Rico Gov. Alejandro García Padilla ordered flags lowered to half-staff at all government installations to mark the anniversary of the Sept. 11,...
Treasury extends ports IVU deadlines as glitches in PICO system drag on
Issued: September 11, 2014
The Puerto Rico government is again postponing digital collection of sales & use taxes (IVU) on goods entering the island’s ports amid ongoing...
Doral sells $430M in assets
Issued: September 11, 2014
San Juan-based Doral Financial Corp., the financial services holding company of Doral Bank, announced Tuesday the sale of approximately $430 million...
MMM in pact with Metro-Pavia Health
Issued: September 11, 2014
MMM Holdings, LLC and Metro-Pavía Health System have launched a strategic partnership aimed at optimizing the services received by MMM and PMC...
PR in the hunt for HIV/AIDS vaccine
Issued: September 10, 2014
The federal National Institutes of Health (NIH) has signed an agreement with the University of Puerto Rico (UPR) and The Puerto Rico Science,...
Governor heading delegation to DR
Issued: September 10, 2014
Puerto Rico Gov. Alejandro García Padilla is slated to travel to the Dominican Republic on a combined official trip and family vacation on Thursday. ...
Pierluisi pitches tax reform measures; focus on boosting businesses, work
Issued: September 10, 2014
Resident Commissioner Pedro Pierluisi is pitching tax reform measures that he says will create a “fairer and simpler” system that spurs economic...
PR cooperatives post solid gains
Issued: September 10, 2014
Puerto Rico’s banking cooperatives have boosted assets by 13.85 percent to $8.4 billion this year, marking the highest point in the past five years. ...
Businessman pleads guilty to selling putrid pork
Issued: September 10, 2014
A Puerto Rico businessman has pleaded guilty to selling thousands of pounds of putrid pork in the U.S. territory for more than a year. ...
Moody’s: PR no longer benefits directly from gains in US economic growth
Issued: September 10, 2014
It has been said that when the United States sneezes the world catches a cold … and Puerto Rico comes down with pneumonia. ...


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