Treasury backs bill to increase online sales tax uptake
March 28, 2017
The Puerto Rico Treasury Department favored Monday a bill that would give it the tools to Sales and Use Tax on sales of taxable products in Puerto Rico sold online by businesses without physical presence on the island.
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Congress to review PREPA debt restructuring deal
March 22, 2017
The Congressional Subcommittee on Indian, Insular and Alaska Native Affairs will hold a hearing today on the status of the Puerto Rico Electric Power Authority Restructuring Support Agreement, which is set to expire Mar. 31.
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DACO, Retailers Assoc. to orient on use of reusable bags
March 16, 2017
The Retail Trade Association, which groups major local and multinational chains, has joined efforts with the Consumer Affairs Department to educate and create awareness among consumers about the use of reusable bags and bans the use of plastic bags.
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February car sales up 9.1% in PR driven by fleet sales
March 16, 2017
The United Group of Automobile Importers announced Wednesday that car sales in Puerto Rico were up 9.1 percent year-over-year in February, driven primarily by fleet sales.
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Treasury: Medicinal cannabis could net $14M in revenue
March 15, 2017
A framework for the legal sale of medical cannabis would generate a new source of revenue for Puerto Rico, to the tune of $14 million a year in sales tax revenue for the Treasury Department, an agency official told lawmakers Tuesday.
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Ample reactions after Oversight Board OKs fiscal plan
March 14, 2017
Representatives from a cross-section of the economy expressed their opinions Monday in the wake of the the Financial Oversight and Management Board for Puerto Rico approval of the fiscal plan the island’s government must follow to shore up liquidity and fund essential services.
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P.R. Football Club kicking off 2nd season with high goals
March 13, 2017
The Puerto Rico Football Club is gearing up to start its second regular season, hosting more local games than last year, as team owners look to boost the visibility and performance of the young member of the North American Soccer League.
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Gov’t suspends $1.8B in special assignments, tax credits
March 8, 2017
The government of Puerto Rico released an administrative order Tuesday suspending some $1.8 billion in special assignments and tax credits, in an attempt to bridge budgetary gaps.
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Planning Board revises data for ’16; P.R. GDP drops 1.1%
March 6, 2017
The Puerto Rico Planning Board revised the island’s macroeconomic data for the end of fiscal 2016, reflecting a decrease in the Gross Domestic Product of 1.1 percent.
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Insurance sector creates $185M, 30K jobs for economy
March 3, 2017
Puerto Rico’s insurance industry represents $185 million in economic contributions to the government’s coffers and generates 30,000 direct, indirect and induced jobs, a study released Thursday shows.
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P.R. bankruptcies down 14.5% year-over-year in Feb.
March 3, 2017
The island's bankruptcy filings dropped in February, when 14.5 percent fewer cases were submitted to the court, versus the same month in 2016, according to preliminary numbers released Thursday by research company Boletín de Puerto Rico.
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Caguas’ Menonita Hospital opens new emergency room
March 3, 2017
Menonita Hospital in Caguas on Thursday inaugurated its remodeled emergency room facilities at a cost of $600,000 that includes specialized stretchers, cardiac monitors, a nurse call system, new signs and new emergency plant.
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TRB reactivates metals anti-theft interagency committee
March 3, 2017
Puerto Rico Telecommunications Regulatory Board President Sandra Torres announced Thursday the reactivation of the Interagency Committee against metals theft comprised by more than 10 agencies, the Legislature and telecom companies affected by this crime under Law 53 of 2012.
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$7M cancer treatment institute opens in Mayagüez
March 2, 2017
Following an investment of $7 million, the Radiation Therapy and Cancer Institute, a modern and advanced cancer institute, recently inaugurated its new facilities at the Mayagüez Medical Center.
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Slot machine project at LMM Airport ‘under evaluation’
March 1, 2017
If you are one of the thousands of passengers that have passed through the Luis Muñoz Marín International Airport recently, you may have noticed that the slot machines placed in Terminals A and B have been powered down and cordoned off.
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