‘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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Toyota among most admired companies in the world
February 24, 2015
Toyota topped this year’s list of “most admired automotive companies” in the world according to the results of the latest survey by business magazine “Fortune.”
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PRHTA blasts Tourism Co.’s ‘unrealistic stance’ on VAT
February 23, 2015
The Puerto Rico Hotel and Tourism Association blasted the Tourism Co.’s stand on the proposed value-added tax structure the government is proposing as part of a comprehensive tax reform, saying the agency should “evaluate all aspects that will affect the hospitality industry.”
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Puerto Rico auto sales on non-stop drop, -14.9% in Jan.
February 20, 2015
Puerto Rico’s auto industry reported Thursday yet another month of negative sales, confirming that January showed a 14.9 percent decrease in activity, upholding a non-stop drop that began early last year.
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Puerto Rico retail sales up $29.8M in Nov. ’14 to $3.4B
February 20, 2015
Puerto Rico retail sales for the month of November 2014 increased by $28.9 million to $3.4 billion the Puerto Rico Trade and Export Company said Thursday.
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Claro freezes telecom service rate for the rest of 2015
February 20, 2015
Telecommunications service provider Claro announced Thursday it will freeze all of its mass market rates for wireless and fixed telephony, Internet and television services “in solidarity with the consumer’s economic situation.”
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DDB Latina Puerto Rico lands Puma Energy account
February 20, 2015
Puma Energy Caribe, LLC recently selected DDB Latina Puerto Rico to handle its advertising, public relations, media and digital platforms in the local market, developing strategic plans to solidify the brand and its leadership in the category, the agency announced Thursday.
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Lawmakers submit bill proposing virtual driver’s license
February 20, 2015
A pair of lawmakers presented Thursday a bill to amend the Puerto Rico Vehicle and Traffic Law to authorize the issuance, creation and use of the so-called virtual driver’s license, which would entail designing a mobile application to provide access.
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House Speaker raises red flags on tax reform issues
February 19, 2015
House Speaker Jaime Perelló told Treasury Department officials during a hearing Wednesday that they need to “go back to the table” on certain aspects of the proposed tax reform, including the frequency with which consumers will receive rebates to mitigate the impact of the new 16 percent value-added tax structure.
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Electric Daisy Carnival to boost tourism, hotel bookings
February 19, 2015
This weekend’s two-day Coors Light Electric Daisy Carnival is expected to draw more than 40,000 people from Puerto Rico and other countries, boosting the island's economy and thrusting it into the international spotlight.
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