General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
The cruise ship industry, a cornerstone of the island’s tourism economy, will be getting expanded incentives and benefits when anchoring in Puerto Rico, following the approval of a sweeping law that will also favor the distribution chain, service providers and tour operators.
Gov. Luis Fortuño will be signing a six-month extension to the 2011 Housing Stimulus law today, giving would-be homebuyers the chance to take advantage of exemptions on closing costs and taxes.