Individual Retirement Accounts (IRA) are one of the few instruments allowed by the Puerto Rico Internal Revenue Code that provide a tax benefit to individuals. In addition, it is an excellent vehicle to create a retirement fund. What is the taxable benefit? The benefit is to take a deduction in the income tax return for every […]
In the framework of the World Travel Tourism Council World Forum that is currently taking place in Seville, Spanish carrier Iberia announced it will expand its operation on the Island to offer direct flights between Madrid and San Juan throughout the year. The airline will offer three weekly flights between Madrid and San Juan during […]
SG Blocks Inc., a designer, fabricator and innovator of container-based structures, is teaming up with two companies to build out 55 homes in Guayama that will be ready before year’s end. The $4 million housing project will be developed jointly with Capital Plus Financial, a certified Community Development Financial Institution and certified B Corporation, and […]
Rock Solid Technologies, a public sector-focused software and IT services company with headquarters in Puerto Rico and Austin, Texas, announced it has entered into a definitive agreement to merge with CitySourced. The combined business will be led by Rock Solid CEO Rick Brown, and CitySourced CEO Jason Kiesel will join the executive team of Rock […]
NBCUniversal Media, a U.S.-based mass media conglomerate, has blocked access to Telemundo and NBC Puerto Rico because Liberty Puerto Rico did not accept a rate increase that would see retransmission for these channels more than double over two years, the television provider said. At 6 p.m., NBCUniversal also removed 13 other channels from Liberty’s lineup […]
Total Petroleum Puerto Rico, Corp., invested $50 million in the expansion of its Guaynabo Bulk facility to double its storage capacity to the equivalent of six weeks of sales. “This significant investment carried out over the past two years signals Total’s commitment to Puerto Rico. It allows Total, as a responsible energy major, to strengthen […]
MCS executives will join industry experts in the 2019 Puerto Rico Health Insurance Conference on April 5 to discuss from the private sector’s perspective some of the most controversial challenges impacting the industry, and how they can be addressed, organizers announced. In response to the many challenges stemming from current federal underfunding policies, the healthcare […]
Two years since its conceptualization, the Health Industry Information Platform mobile app has been launched in Puerto Rico to gather sector information and put it in the hands of physicians with private practices. Salvador Rovira, who heads the initiative, said the information will also benefit hospitals. About $150,000 in private investment was made to establish […]
[SPONSORED POST] It’s tax season, and you are looking for a tax relief. An IRA could be the perfect option for you, and it will help you save for your retirement and at the same time it would give you that relief that you are looking for. Before you choose a product, it is important […]
“Season of the Witches,” a psychological thriller produced and directed by an all-women team of film industry professionals, will be rolled entirely in Puerto Rico this summer, this media outlet confirmed. The project has a “micro budget” of less than $3 million, which will go toward hiring a local crew of producers and actors, and […]
The Central Office of Recovery, Reconstruction and Resiliency, known as COR3, announced the disbursement of more than $237 million to several municipalities and government agencies, representing the first transaction after assuming the duties from the Federal Emergency Management Agency. COR3 Executive Director Omar Marrero said the disbursements were achieved in compliance with federal policies and procedures […]
The Tax Affairs committee of the Puerto Rico Chapter of the Association of General Contractors of America (AGC-PR) asked the Treasury Department and offered its help to establish clear and uniform rules for the application in the construction industry of certain adopted changes under the Tax Reform of 2019. This request was made at the […]
The Puerto Rico Science, Technology and Research Trust announced the creation of the Puerto Rico Public Health Trust to work in partnership with multiple sectors including governmental agencies, communities, the health care delivery system, businesses, media and academia. The Science Trust was designated by the Puerto Rico Legislature as the Puerto Rico Public Health Institute […]
Puerto Rico Gov. Ricardo Rosselló introduced legislation to regulate sports gambling on the island, which is expected to attract visitors and improve the economy, he said during a news conference. The legislation includes a reorganization with a new public policy in favor of gambling. In anticipation of unveiling the bill, the government referred to two […]
Aurora Angel Network, a group of angel investors created in January 2019, announced its first investment of $210,000 in Zomio Inc., a Puerto Rico-based security company that develops smart technology. Aurora is comprised by a group of executives and entrepreneurs whose mission is to invest in the growth of innovative and scalable start-ups to create […]
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