The Puerto Rico government announced Wednesday its latest institutional slogan, “Puerto Rico, All-Star Island,” to be used by all agencies to promote the island as “one of the best places in the world to invest.”
The Treasury Department has closed the gap between Puerto Rico’s actual General Fund income and the income estimated by the previous administration by 75 percent, agency chief and government CFO, Melba Acosta-Febo said Monday.
The Puerto Rico Planning Board announced a new set of tools available through its website designed to facilitate access to statistical data — at no charge — that measure the performance of the island’s economy.
Héctor Mayol, who headed the Commonwealth Retirement Systems in Puerto Rico since 2009, is stepping down from the post effective Aug. 31, the public servant announced Thursday.
On its first trip to the market in over a year, the Puerto Rico Electric Power Authority completed a $673.1 million municipal bond deal.
Puerto Rico Treasury Department officials confirmed Wednesday that the agency is still reviewing 7 percent of all tax returns claiming a refund.
Flanked by members of his cabinet, lawmakers and private sector representatives, Gov. Alejandro García-Padilla signed a law Tuesday to begin taking formal steps toward creating permanent branding for the island, which is expected to be shielded from political changes or administrative whims.
The Puerto Puerto government is planning at least three trips to the market before year’s end, looking to complete a number of bond issues to pay off debt and other public projects, members of Gov. Alejandro García-Padilla’s economic team confirmed Thursday.
Gov. Alejandro García-Padilla’s administration confirmed Tuesday that Puerto Rico Government Development Bank President Javier Ferrer tendered his resignation effective July 19.
The first “Hackers Boot Camp” held in Puerto Rico last month produced more than two dozen applications and solutions to improve services within agencies and with island residents, of which the government has chosen five to follow up on, Chief Information Officer Giancarlo González announced.
The Puerto Rico Public-Private Partnerships Authority announced Thursday it has issued a "Second Request for Statements of Qualifications" to update and/or supplement its List of qualified advisors.
The Puerto Rico Treasury Department announced Thursday it has issued a circular letter to guide retailers and service providers on changes in the Sales and Use Tax (IVU, by its initials in Spanish) exemption between business services, or "B2B", which took effect July 1.
Puerto Rico Treasury Secretary Melba Acosta said Monday the tax amnesty that concluded June 30 shored up $255 million for the government, beating expectations by 27 percent. The agency initially projected it would collect $200 million through the campaign.
The Puerto Rico Public-Private Partnerships Authority board recently decided to move forward with the evaluation of four new construction priority projects, namely the commuter train from Caguas to San Juan, a new women’s correctional facility, a new men’s correctional facility, and the conversion to natural gas of the Puerto Rico Electric Power Authority power plants in San Juan and Palo Seco, government officials said Wednesday.
The Puerto Rico government’s economic team presented four measures to shore up $280 million for the Highway Authority, which is deep in the hole with the Government Development Bank, to which it owes $2.1 billion.
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