Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
Casiano Communications Inc., parent company of weekly English-language business publication Caribbean Business and a number of other subsidiaries, filed for Chapter 11 bankruptcy protection Monday, citing more than $8.5 million in debt.
Last month's Sales and Use Tax revenue, which includes transactions made in August, totaled $124.2 million, the highest level for a month of September since the SUT was implemented in November 2006, the Treasury Department said Wednesday.
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