The Puerto Rico Treasury Department will begin a round of visits to San Juan metropolitan area businesses today to monitoring compliance of the Sales and Use Tax (known as IVU in Spanish).
Reliance on cloud computing services has become a growing trend among companies looking to cut down their costs by paying for what they consume — technologically speaking — while streamlining operations. In Puerto Rico, cloud computing related activity is already estimated at $300 million, and is expected to continue growing over the next decade.
High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
British multinational women's designer clothing retailer, Karen Millen, which specializes in tailoring, coats and evening wear, will be opening its first store in Puerto Rico at the Plaza Las Américas shopping center in Hato Rey, this media outlet confirmed Wednesday.
The owners of the Best Western Plus Condado Palm Inn & Suites officially marked the opening Wednesday of the $20 million property that is adding 151 new rooms to the heart of San Juan’s trendy Condado district.
Federal and local government officials joined the U.S. Green Building Council in San Juan Wednesday to announce new guidelines developed by the U.S. Environmental Protection Agency designed to take the Puerto Rico climate into account in determining energy efficiency for homes.
Jani Clean, a Puerto Rican company specializing in janitorial products and services, was chosen as one of three small and medium-sized businesses in Latin America to receive the UPS Entrepreneurial Spirit Award for innovation and success.
The Ford Dealers Association of Puerto Rico donated $16,000 to the Alliance for a Drug-Free Puerto Rico, through the auction of a 2013 Ford Fiesta during the Antique Car Show held earlier this month.
Grupo Aeroportuario del Sureste (ASUR), one half of the Aerostar Airport Holdings, LLC consortium that won the bid to take over the management and operation of the Luis Muñoz Marín Airport in Puerto Rico, said Wednesday it has obtained the necessary 139 certificate from the Federal Aviation Administration, and is ready to start modernizing the airport.
Saying his administration “will always keep its word and honor its legal responsibilities,” Puerto Rico Gov. Alejandro García-Padilla gave the final go-ahead to the public private partnership through which the government will pass the responsibility of operating and managing the Luis Muñoz Marín airport to a private consortium.
Puerto Rico bankruptcies were up 1 percent in January, when 739 cases were filed at the U.S. Bankruptcy Court, research firm Boletín de Puerto Rico disclosed Tuesday.
Puerto Rico Treasury Department collections totaled $665 million in January, a 9 percent, or $67 million, drop from what the government reported during the same month last year, agency Secretary Melba Acosta said Tuesday.
OfficeMax announced Tuesday several new products and services to help small businesses in Puerto Rico find success “in a competitive environment in which entrepreneurs usually need to multitask and take on a variety of roles within their business.”
Saying the Puerto Rico Ports Authority has the authority to lease the Luis Muñoz Marín Airport in San Juan to Aerostar Airport Holdings, the U.S. Department of Transportation’s Federal Aviation Administration confirmed its approval of the public-private partnership that will officially transfer control of the facility to the consortium.
U.S. Small Business Acting Atlantic Regional Administrator Bernard J. Paprocki announced Tuesday the appointment of Yvette Collazo as the new District Director for the SBA’s Puerto Rico and Virgin Islands district office.
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