Puerto Rican trade groups balk at proposed IVU exemptions
May 3, 2013
Criticism to the bill proposing amendments to Puerto Rico’s sales and use tax code poured in Thursday from many of the island’s most prominent professional organizations, which essentially agreed that eliminating certain exemptions would have a “devastating” effect on businesses and consumers.
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Claro Puerto Rico’s copper theft losses reach $4M in ’12
May 3, 2013
Telecommunications carrier Claro de Puerto Rico has reported 280 incidents of copper theft at its facilities this year — mostly along the island’s southwestern region — that not only cause service interruptions, but represent a safety risk as well. Last year, the company saw $4 million in losses related to the proliferation of the problem, company executives said.
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Blue Jay Wireless OK’d as eligible telecom carrier in Puerto Rico
May 3, 2013
The Puerto Rico Telecommunication Regulatory Board has granted authority to Dallas-based Blue Jay Wireless, LLC as an “eligible telecommunication carrier,” to offer wireless service to qualified low-income residents under the Lifeline Program, company officials announced Thursday.
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Popular Inc. reelects board director, elects new member
May 3, 2013
Popular Inc. announced Thursday that at its annual meeting of stockholders, held on April 30, approved the reelection of a director and the election of a new director to its board of directors.
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SuperMax improves offer at Ponce Town Center store
May 3, 2013
In keeping with “its legacy of innovation, quality and service excellence,” retailer SuperMax announced Thursday the availability of new departments and services at its Ponce Town Center Store to offer consumers “a new shopping experience.”
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Green Energy pulls out of $100M Yabucoa landfill, WTE plant
May 2, 2013
Green Energy Renewable Solutions Inc. announced Thursday it has decision to step back from the proposed $100 million landfill and renewable energy project it planned to build in Yabucoa, along Puerto Rico’s southeastern flank, due to lack of funding.
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Statistics Institute submits $1.2M budget for fiscal ’14
May 2, 2013
Puerto Rico Statistics Institute Executive Director Mario Marazzi asked the Legislature to assign the agency a budget of a little more than $1.2 million for fiscal 2014, when it has set out to undertake 25 projects to expand and improve information databases.
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CPAs concerned over possible end of B2B tax exemption
May 2, 2013
The head of the Puerto Rico Society of CPAs expressed concern Wednesday over the changes the current administration is proposing to the sales and use tax structure, specifically, the elimination of the business-to-business exemption.
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Triple-S reports $592M in 1Q13 revenue
May 2, 2013
Triple-S Management Corporation, a managed care company in Puerto Rico, announced Wednesday consolidated revenues of $592 million and consolidated operating income of $22.7 million for the three months ended March 31, 2013.
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Burson-Marsteller named LatAm ‘Agency of the Year’
May 2, 2013
The Holmes Report has named global public relations firm Burson-Marsteller the “2013 Latin American Agency of the Year.” This recognition comes to the firm after a year of growth and award-winning work in the Latin American region. The Holmes Report will present the award at its annual SABRE Awards Dinner on May 7 in New York City.
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2nd edition of ‘Caguas Compite’ program underway
May 2, 2013
The Caguas municipal government and its business development support office, PromoCaguas, announced Wednesday the start of the second edition of the “Caguas Compite” microenterprise incubation program.
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Solar Universe opens 1st franchise in Puerto Rico
May 2, 2013
California-based solar franchising company Solar Universe announced Wednesday the opening of its first international franchise in Puerto Rico by local entrepreneurs, Luz and William Rodríguez.
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Puerto Rico lawmakers begin reviewing proposed budget
May 1, 2013
Puerto Rico Government Development Bank President Javier Ferrer told lawmakers Tuesday that without the necessary measures, the institution he heads will not have the capacity to float petitions by public corporations by summer.
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Puerto Rico dairy farmers protest over use of imported milk in local production
May 1, 2013
Puerto Rico dairy farmers took to the streets Tuesday to protest against the Suiza Dairy processing plant for its alleged use of imported milk for its products, including certain branded milk and other by-products.
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Engineers and Surveyors marking 75th anniversary
May 1, 2013
The College of Engineers and Surveyors of Puerto Rico is getting ready to celebrate its 75th anniversary this month, with a series of events to commemorate the milestone.
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