Marazzi to stay at Statistics Institute; La Fortaleza balks
July 25, 2017
The Board of Directors of the Puerto Rico Institute of Statistics announced Monday the appointment of Mario Marazzi-Santiago as executive director for a second 10-year term.
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Treasury: FY ’17 collections exceed $9.3B, up 1.7% YOY
July 21, 2017
Puerto Rico’s net revenue recorded to the General Fund for Fiscal 2017 (July-June) exceeded $9.3 billion, representing a $159.6 million, or 1.7 percent, increase when compared to Fiscal Year 2015-16, Treasury Secretary Raúl Maldonado-Gautier said Thursday.
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Senate mulls amending SMEs Incentives Law
July 17, 2017
The Senate’s Social and Economic Revitalization Committee recently held public hearings on Bill 374 that seeks to amend the Incentives law for the generation and retention of small and medium sized enterprise jobs.
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U.S. Democrats seek to spur PR small business growth
July 14, 2017
Washington, DC – A hearing before the House Small Business Committee Thursday probed how to reignite small business growth on the economically troubled island of Puerto Rico.
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CBP launches new mobile app for prospective employees
July 11, 2017
U.S. Customs and Border Protection announced Monday the launch of CBP Jobs, a new mobile app for prospective agents and officers to track their progress through the hiring process.
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PREPA officially under Title III protection
July 3, 2017
Gov. Ricardo Rosselló on Sunday asked the Fiscal Oversight and Management Board for Puerto Rico to certify the filing of a petition for Puerto Rico Electric Power Authority to enter into Title III, to adjusts its debts to a sustainable level under court supervision.
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P.R. Treasury Dept. collects $708.8M in May
June 21, 2017
Net revenues recorded to the General Fund totaled $708.8 million in May, with fiscal year-to-date (July-May) revenues reaching $8.3 billion, Treasury Secretary Raúl Maldonado Gautier said Tuesday.
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Lawmakers start hearings on proposed $9.5B budget
June 8, 2017
Members of the House and Senate Treasury Commissions began Wednesday public hearings on the proposed budget for the 2017-2018 fiscal year, which exceeds $9.5 billion, outlined in Joint House Resolutions 186 and 187.
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Bill studies plan to collect old State Insurance Fund debt
June 8, 2017
The House Labor Affairs Commission on Wednesday held a hearing on Bill 1096, which seeks to establish an incentive plan to benefit employers insured or uninsured with the State Insurance Fund (SIF), and shore up some $20 million for the public agency.
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PR gov’t health officials: ’16 Zika epidemic is over
June 6, 2017
Puerto Rico Health Department officials confirmed Monday the end of the Zika epidemic on the island, saying levels have substantially decreased since the same reporting period in 2016, with approximately 10 cases reported in each four-week period since April 2017.
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Rosselló presents $9.5B budget to PR Legislature
June 1, 2017
Gov. Ricardo Rosselló presented Wednesday a budget of $9.5 billion to Puerto Rico’s Legislative Assembly, which guarantees essential services and pension payments, and which also makes contributory justice for the citizens of the island, he said.
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PR gov’t officials ask Congress to consider PR in budget
May 26, 2017
Gov. Ricardo Rosselló, Resident Commissioner Jenniffer González, and Senate President Thomas Rivera-Schatz joined forces Thursday in an effort from the federal capital to insert Puerto Rico into the discussion of the United States budget.
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Oversight Board, UPR students discuss fiscal issues
May 25, 2017
The Financial Oversight and Management Board for Puerto Rico meet Wednesday with student representatives of the University of Puerto Rico’s 11 regional campuses, in addition to the Plastic Arts and Design Schools and the Puerto Rico Conservatory of Music, to discuss the public university system’s fiscal situation.
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Oversight Board certifies Highway, Retirement Title III’s
May 23, 2017
The Financial Oversight and Management Board for Puerto Rico announced Monday it approved, certified and filed in the U.S. District Court for the District of Puerto Rico voluntary petitions under Title III of the Puerto Rico Oversight, Management and Economic Stability Act for the Puerto Rico Highway and Transportation Authority and the Government of Puerto Rico Employees Retirement System.
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Experts: Board head Jaresko revived Ukraine’s economy
May 22, 2017
Ukraine, 66 times the land area of Puerto Rico, is the largest country wholly within Europe. The Texas-size former Soviet republic has precious little in common with the tiny U.S. commonwealth except that both are rapidly losing population — and both face huge fiscal challenges ahead.
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