The Puerto Rico Municipal Revenues Collection Center, or CRIM, announced Sunday it collected $156 million during the 100-day amnesty period that gave tax payers a chance to pay off their property-related debt free of interest, surcharges and penalties.
General Fund collections for the month of March totaled $785 million, down 9.7 percent when compared to the $1 billion on record for March 2013.
The government of Puerto Rico plans to spend $750,000 over a 12 month-period starting in June to open and run commercial offices in Colombia and Perú — and launch a magazine to document its actions — to drum up business in Latin America and establish the island as the bridge between that region, Europe and the United States.
The Government Development Bank for Puerto Rico spent $2.6 million to pay for the services of two stateside law firms, Cleary Gottlieb Steen & Hamilton LLP and Proskauer & Rose LLP, seeking advice on “financing plans and other related matters.”
The Pan American Health Organization and the Puerto Rico Statistics Institute are working together to enable the island to produce comparable statistics about the mental health system based on World Health Organization Assessment Instrument for Mental Health Systems parameters, known as WHO-AIMS.
Puerto Rico Trade and Exports and student organization AIESEC have signed a cooperation agreement to develop the incursion of Puerto Rican companies in international markets.
Representatives from the United Nations Educational, Scientific and Cultural Organization are visiting Puerto Rico this week to provide technical assistance to help island officials produce statistics on education funding and expenses that are standardized and comparable with those of other countries and jurisdictions.
A trio of public and private sector development projects — a housing development, a new connector road and office complexes, apartments, and additional stores — are in the pipeline for the town of Guaynabo at a cost of $350 million, Gov. Alejandro García-Padilla announced Wednesday.
As part of an initiative to promote exports of local products, Economic Development Bank President Joey Cancel-Planas announced Wednesday the signing of a partnership with Scotiabank Puerto Rico to spur international transactions.
Thirty-two businesses operating in the upscale Palmas del Mar community in Humacao are facing a collective $373,000 in fines for failing to remit sales and use tax (known as IVU in Spanish) payments to the agency.
The Puerto Rico Treasury Department is kicking this year’s tax season into high gear this week, when it will begin cutting tax refund checks and will open eight tax return orientation and preparation centers today, agency officials said.
As part of the government’s strategies to increase tax evasion oversight, Puerto Rico Gov. Alejandro García-Padilla sent a bill to the Legislature that will allow the use of certified payment processors in all local businesses, as well as the exchange of information between municipalities and the Treasury Department.
The Roosevelt Roads Redevelopment Authority opened Thursday a Request for Proposals process for small entrepreneurs and merchants located mostly in the eastern region of Puerto Rico seeking to launch eco-tourism services, nature related tourism projects, recreational and/or complementary activities.
The Puerto Rico Highway and Transportation Authority will kick off next week a new ticket discount program for drivers who have used the “AutoExpreso” lane without the funds needed to cover the toll.
Moody's Investors Service, the first of the trio of ratings agencies that a month ago slashed Puerto Rico’s credit to junk, on Tuesday removed the "provisional" designation from the Ba2 rating assigned to the Commonwealth’s issuance of $3.5 billion 2014 A General Obligation Bonds priced earlier in the day.
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