Gov. Ricardo Rosselló signed into law today Senate Bill 1147, which establishes the regulatory framework for the development of Opportunity Zones in compliance with the Federal Tax Reform of 2017. The Opportunity Zones created under federal law provide tax benefits to low-income communities in order to achieve their economic development. Puerto Rico, as well as […]
By Joel Cintrón ArbasettiCenter for Investigative Journalism The walk is led by Adrian Beales, an Australian sales director for Lifeafar, a company that offers real estate investment options for people from abroad. Behind him is a group of 20 investors. They left El Convento hotel on Cristo Street in Old San Juan after the second […]
Consumer and fresh products distributor Caribbean Produce Exchange Inc. announced the visit of New York State Agriculture Secretary Richard Ball to evaluate growth opportunities and validate the strategic alliance agreed between the company and the Government of New York agreed to in 2017. The strategy seeks to achieve an increase in the commercial agricultural trade […]
Doing the work of promoting Puerto Rico beyond its shores is an important task, but the island must continue working on its structural issues so that it becomes a place where doing business works, said Ignacio Álvarez, CEO of Popular Inc. during a recent sit-down with the media. “You can sell something, but if after […]
The Puerto Rico Planning Board released macroeconomic data closing out the island’s Fiscal 2018, showing that the Gross Domestic Product (GDP) at constant prices totaled $5.7 billion or -4.7%, compared to Fiscal 2017. At current prices it was $6.8 billion or 2.8 percent, for the same comparison, Planning Board President María C. Gordillo said. “These […]
The Puerto Rico Small Inns Owners Association and the Puerto Rico Tourism Co. announced the launch of the “Visit Paradores Card,” targeting local tourists who flock to local hotels during the peak summer season that begins with the Memorial Day holiday. “This year, we have a better tourism product. After María, we collectively invested more […]
After emerging as a reinforced operation in the wake of back-to-back hurricanes in 2017, Liberty Puerto Rico has become one of the “highlights” of its parent company, Liberty Latin America’s regional network. Balan Nair, CEO of Liberty Latin America said after Hurricanes Irma and María, “the business was completely devastated, just like the population on […]
The methodology developed by Estudios Técnicos Inc. and the Kaiser Family Foundation for a study on the socioeconomic impact of Hurricane María in Puerto Rico will be featured in a panel during the convention of the American Association for Public Opinion Research, one of the most important research associations in the United States and Canada. […]
Puerto Rico’s Economic Development and Commerce Secretary Manuel Laboy is betting on a handful of new online products to be launched in the next four to six weeks to speed up and streamline the government’s permitting process. During an interview with the “En Una Hora” program on 11Q 1140 AM, in which News is my […]
Romark Global Pharma, a global biopharmaceutical dedicated to the discovery and development of new drugs to treat infectious diseases and cancer, officially opened its new $80 million manufacturing plant in Manatí. Flanked by Gov. Rosselló administration officials, Romark CEO Marc Ayers said, “with this expansion Romark will manufacture its products Alinia and NT-300, a new […]
Since its inception less than a year ago, Discover Puerto Rico — the island’s Destination Marketing Organization — has been taking “key steps” to reposition Puerto Rico’s brand, Jennifer Rosa, the nonprofit’s communications vice president, said. During an interview with the “En Una Hora” program on 11Q 1140 AM, in which News is my Business […]
The U. S. Department of Labor’s Wage and Hour Division (WHD) is conducting a survey of all building, highway, residential, and heavy construction projects active in the U.S. Virgin Islands and Puerto Rico that occurred between July 1, 2017, and Dec. 31, 2018, it announced. The purpose to establish prevailing wage rates as required under […]
Puerto Rico’s culture is “in the best historical moment,” but the powers that be have failed in promoting its riches to attract more tourism, particularly the Destination Marketing Organization. During an interview on the “En Una Hora,” analysis program on the 1140 AM station, a panel composed by Daphne Barbeito, president of Cruceros To Go, […]
Hera Printing Corp. announced the acquisition of Oles Envelopes & Forms, for an undisclosed amount. The combined company will be known as Hera Envelopes & Forms and will keep its facilities in Bayamón. Oles Envelopes & Forms has more than 40 years established in Puerto Rico and specializes in converting envelopes and continuous forms, becoming […]
Puerto Rican company Alivia Health announced the completion of the acquisition processes of its subsidiaries Specialty Pharmacy, Compounding Pharmacy and Pharmaceutical Services, becoming the island’s largest local drugstore network, company executives said. The consolidated network now has a new brand image, said Alivia Health President Hari Sabnani. “Our passion and business vision is to put […]
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