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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Experts: Broadband use should be economic indicator
February 18, 2015
Puerto Rico needs to consider integrating broadband use as one of its key economic indicators — beyond cement production and energy consumption — to promote business expansion and the development of new initiatives to create jobs, generate tax revenue and even increase real estate values, public and private sector industry representatives said Tuesday.
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Nat’l AGC Annual Convention to be held in P.R. in March
February 18, 2015
Under the slogan, "360 degrees of construction," the Associated General Contractors of America will hold its 96th annual convention for the first time in Puerto Rico, Mar. 18-20 at the Convention Center in Miramar.
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Economist: ’14 turbulent, but ’15 will be decisive for P.R.
February 17, 2015
The effects of the current administration’s value-added tax proposal as part of a sweeping tax overhaul and the “liquidity time bomb” of the Government Development Bank will make 2015 a “decisive year” for making harsh decisions, analyst firm H. Calero Consulting predicted in the latest edition of its publication “Compass.”
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RUM selected for NSF’s Pathways to Innovation program
February 17, 2015
The University of Puerto Rico’s Mayagüez Campus, known as RUM, has been selected among 25 U.S. institutions by the NSF-funded National Center for Engineering Pathways to Innovation (known as Epicenter) to join the Pathways to Innovation Program.
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Executives named at Open Mobile, GDB
February 17, 2015
Wireless carrier Open Mobile and the Government Development Bank named new executives recently, to fill high-ranking posts within their respective operations.
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The Mall of San Juan adds 5 more retailers to tenant mix
February 16, 2015
Five more retailers have added their names to the roster of tenants moving into The Mall of San Juan and will be making their Puerto Rico debuts when the luxury shopping center opens Mar. 26, mall operator Taubman Centers Inc. revealed late last week.
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Méndez & Co.’s WorldClass program generates growth
February 16, 2015
The WorldClass Diageo Reserve program — an initiative that affords growth opportunities for participating professionals and establishments — has heightened Puerto Rico’s appreciation for the art of fine cocktails, Méndez & Co. executives said recently.
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S&P cuts Puerto Rico’s GO bonds to ‘B’ from ‘BB’
February 13, 2015
Standard & Poor's Ratings Services pushed Puerto Rico’s general obligation rating further into junk Thursday when it lowered it 'B' from 'BB,’ with a negative outlook.
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‘Taste of Rum’ to mark more than 450 years of tradition
February 13, 2015
The sixth annual edition of the “Taste of Rum” is returning Feb. 28 to celebrate the industry’s 450-year history in Puerto Rico.
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Flower sales drop, but still in demand for Valentine’s
February 13, 2015
With Valentine’s Day less than 24 hours away, millions of people will say, “I love you” with flowers. Last year, Puerto Ricans spent about $6 million on blooms from Colombia, one of the world’s largest flower exporters, a government spokesman for that country said Thursday.
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Gov. talks Treasury overhaul, submits tax reform bill
February 12, 2015
Gov. Alejandro García-Padilla announced Wednesday the restructuring of the Puerto Rico Treasury Department, as well as offered details of the administration’s proposed tax reform expounded in a 1,400-page bill submitted at the Legislature late in the day.
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ATH network donates $10K to 2 nonprofits in San Juan
February 12, 2015
The Red ATH, Puerto Rico’s main electronic payments and ATM network offered by EVERTEC, recently gave $5,000 each to nonprofits Hogar Ruth and Casa de Niños Manuel Fernández Juncos, collected through its “Share a positive message during Christmas” campaign.
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