Op-Ed: IRA accounts, retirement plans & Hurricane María: How do they collide in my taxes?
February 26, 2018
The Individual Retirement Account is a retirement savings account. However, the funds in an IRA may be used for other purposes in case of an emergency or special need and the Puerto Rico Internal Revenue Code provides for it.
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Sprint provides 700+ devices, wireless service to displaced P.R. high schoolers in Orlando
February 26, 2018
Sprint is helping more than 700 high school students from Puerto Rico who were displaced after Hurricane María and are now enrolled in Orange County Public Schools.
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SBA approves more than $1B in disaster loans in P.R.
February 23, 2018
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María, which struck in September 2017.
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FHA expands foreclosure relief for victims of ’17 disasters
February 23, 2018
The Federal Housing Administration (FHA) announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and María as well as California wildfires and subsequent flooding and mudslides.
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Gary Sinise & the Lt. Dan Band to headline post-hurricane benefit concert in P.R.
February 23, 2018
PenFed Credit Union, along with the Gary Sinise Foundation and their official airline partner American Airlines, announced plans for a special benefit concert featuring Gary Sinise & the Lt. Dan Band on March 2 to raise awareness of Puerto Rico's hurricane recovery needs and to provide an evening of entertainment open to all.
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Milken Institute to lead efforts to review death count related to Hurricane Maria in P.R.
February 23, 2018
More than five months after Hurricane María made its devastating landfall on Puerto Rico, Gov. Ricardo Rosselló announced that Milken Institute School of Public Health at the George Washington University will lead a study on the review of deaths associated with the deadly storm.
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Op-Ed: Dudley — Now is ‘perfect opportunity’ for P.R. start energy grid from scratch
February 23, 2018
Hurricanes Irma and María did immense damage to Puerto Rico and the U.S. Virgin islands, severely exacerbating what were already very difficult economic conditions. My heart goes out to our fellow citizens who have suffered so much and who face a long and difficult recovery ahead.
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Air Century announces offer to travel to Dominican Republic
February 23, 2018
Air Century airline unveiled Thursday an offer for air travel from San Juan to the Dominican Republic, for $99 one-way when purchased online.
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FCC Chair Pai to visit P.R., USVI in March
February 22, 2018
Federal Communications Commission Chairman Ajit Pai will visit Puerto Rico and the U.S. Virgin Islands from March 7–10 to meet with local leaders and communications service providers and review the status of communications restoration efforts after the 2017 hurricane season, the agency confirmed.
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P.R. Institute of Statistics asks court to resolve Board composition dispute
February 22, 2018
The Puerto Rico Institute of Statistics filed a motion at the San Juan Superior Court reiterating its request for declaratory judgment and injunction requested following the legal controversy that arose last summer, related to the composition of its Board, which has not yet been resolved.
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EVERTEC reports 2% revenue drop in 4Q17
February 22, 2018
EVERTEC Inc. announced results for the fourth quarter and full year ended Dec. 31, 2017, reflecting a 2 percent revenue drop, to $99.6 million, during the three-month period, but a 5 percent increase to $407.1 million for the 12-month period.
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Consultiva Internacional Inc. to present economic outlook at conference
February 22, 2018
The investment strategy committee at Consultiva International Inc. will be presenting its global economic outlook for 2018 at its annual conference for clients, guests and partners on Feb. 23, the firm announced.
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USDA grants temporary expansion of P.R. nutrition assistance
February 21, 2018
Puerto Rico residents continuing to recover from the impacts of recent hurricanes could be eligible for increased nutrition assistance, thanks to a grant from the U.S. Department of Agriculture (USDA), the government announced.
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$45K solar energy system installed at Hogar Cuna San Cristóbal in Caguas
February 21, 2018
Nonprofit Somos Solar has sponsored a $45,000 solar energy and storage system at the Hogar Cuna San Cristóbal in Caguas that will allow the entity to operate without interruptions when there is no electricity service, said Hiram Williams-Figueroa, executive director of Somos Solar.
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Fiscal Plan for P.R. built on ‘fantasy’ economic projections
February 20, 2018
The most recent version of Puerto Rico’s fiscal plan for its central government would chart the future of the island, giving some degree of certainty to citizens, businesses and investors to bet on Puerto Rico’s dismal economy.
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