Treasury issues $902K in fines to sales tax evaders
February 14, 2014
The Puerto Rico Treasury Department has assigned 20 agents to find and fine businesses in the towns of Carolina and Trujillo Alto who have failed to remit sales and use tax money, as required by law.
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‘Choliseo’ turns 10 with full agenda, photo gallery
February 14, 2014
The Puerto Rico José Miguel Agrelot Coliseum is marking its 10th anniversary of operations this year as one of the most productive venues in the world — with more than $245 million in ticket sales so far, company executives said this week.
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Op-Ed: A brave, new market
February 14, 2014
As the economy contracts further, many small biz owners are letting their laments fly sky high. “Con el grito en el cielo.” Sales of services or products seem to stall at times like these, much to everyone's chagrin.
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Gov. García-Padilla: Administration has created 41K jobs
February 13, 2014
Gov. Alejandro García-Padilla said Wednesday his administration has created some 41,145 new jobs in the past 12 months, under the Jobs Now Act legislation passed in January 2013 to boost employment in Puerto Rico.
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DACO seeks to regulate online group coupon sales
February 13, 2014
The Consumer Affairs Department is looking to regulate the online sale of group coupons through a regulation that would protect consumers from fraudulent offers.
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Moody’s puts 3 Puerto Rican banks under ratings review
February 12, 2014
Several days after downgrading Puerto Rico's general obligation bond rating to Ba2, or junk, Moody's Investors Service placed on review for downgrade certain ratings of three local banks: Banco Santander Puerto Rico, Popular Inc. and FirstBank Puerto Rico.
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Prouty: ‘Puerto Rico must become Caribbean tech hub’
February 12, 2014
As part of last week’s celebration of the IT Cluster & CIO Summit, businessman Nicholas Prouty, managing partner of investment firm Putnam Bridge, urged members of the island’s technology sector to join forces to convert Puerto Rico into a powerful technological center for the Caribbean region.
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Insight Managing Solutions investing $200K to expand
February 12, 2014
Through an estimated investment of $200,000, Puerto Rican company Insight Managing Solutions will expand its operations in San Juan, after reaching an incentives agreement with the Puerto Rico Industrial Development Company, representing a commitment to create 100 new jobs over the next 36 months, company and government officials announced Tuesday.
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Rutgers, Center For Puerto Rico partner to offer program
February 12, 2014
The Center for Puerto Rico, in collaboration with Rutgers University, announced Tuesday the launching of the first program in community development to be offered in Puerto Rico.
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Santa Isabel tomato producer launches promo campaign
February 12, 2014
Fresh produce distributor Caribbean Produce Exchange announced this week the statt of a new integrated marketing campaign to promote and support the 2014 tomato crop, while educating consumers on the health benefits and versatility of the fruit.
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Puerto Rico’s Econ. Activity index -5.2% YOY in Dec.
February 11, 2014
Puerto Rico’s economic activity continued to spiral in December, when all four key components showed signs of contraction.
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Puerto Rico Jan. revenue haul at $664M; IVU at $129.9M
February 11, 2014
Puerto Rico’s General Fund revenue collections for the month of January amounted to $664 million, a figure that is $1 million less than the same period last fiscal year, but that Treasury Secretary Melba Acosta described as a “record.”
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Puerto Rico’s 1st multi-brand coupon insert coming in May
February 10, 2014
Things are tight, right? Money isn’t lasting as much as it used to? Do you find yourself increasingly scouring store ads for sales, just to stretch your budget? What if you could make your money go significantly further by incorporating simple strategies such as combining those store sales with manufacturers coupons?
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Millions will express their love with Colombian flowers
February 10, 2014
Colombian flower producers are gearing up for their most profitable holiday of the year, as Valentine’s Day rolls around Friday and millions are expected to express their love with some sort of a colorful bloom.
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Expert: Ad agencies must become their client’s allies
February 10, 2014
Author and publicist Tim Williams, who was in town last week to speak to members of the Association of Advertising Agencies of Puerto Rico, suggested that the industry must adopt a new mindset to become better allies to their clients in response to tightening budgers and changing landscapes.
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