Treasury still reviewing 7% of tax returns with refunds
August 8, 2013
Puerto Rico Treasury Department officials confirmed Wednesday that the agency is still reviewing 7 percent of all tax returns claiming a refund.
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‘Marca País’ law creates team to conceive ID for Puerto Rico
July 24, 2013
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.
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Puerto Rico gov’t plans 3 trips to bond market before year’s end
July 19, 2013
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.
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Puerto Rico’s Government Development Bank president resigns
July 17, 2013
Gov. Alejandro García-Padilla’s administration confirmed Tuesday that Puerto Rico Government Development Bank President Javier Ferrer tendered his resignation effective July 19.
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Puerto Rico ‘Hackers Boot Camp’ winning solutions announced
July 15, 2013
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.
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Puerto Rico P3 Authority opens 2nd RFQs for advisor firms
July 12, 2013
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.
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Puerto Rico Treasury outlines ‘B2B’ tax exemption changes
July 5, 2013
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.
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Puerto Rico tax amnesty shores up $255M, beats expectations
July 2, 2013
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.
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Puerto Rico P3 Authority moves on 4 key construction projects
June 27, 2013
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.
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Puerto Rico gov’t unveils fixes for Highway Authority finances
June 21, 2013
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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Puerto Rico Treasury shores up $612M in May, up 2.6% YOY
June 19, 2013
The Puerto Rico Treasury Department reported Tuesday that net revenue General Fund collections for the month of May reached $612 million, exceeding by $15 million, or 2.6 percent, the collections on record for the same month in 2012.
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Planning Board, towns developing Hazus project
June 17, 2013
The Puerto Rico Planning Board and several municipal governments have struck a collaborative agreement to establish the Hazus project, a nationally applicable standardized methodology that contains models for estimating potential losses from earthquakes, floods, and hurricanes.
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Puerto Rico gov’t launches ‘TweetMyJobs’ platform
June 14, 2013
As part of its job-promotion efforts, Puerto Rico Gov. Alejandro García-Padilla announced Thursday the launch of "Tweet My Jobs," a technology that facilitates the recruiting process for open job positions.
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Cancel-Planas appointed new EDB chief
June 11, 2013
Certified Public Accountant Joey Christopher Cancel-Planas has been named the Economic Development Bank’s new president, taking office nearly six months into Gov. Alejandro García-Padilla’s term. His appointment was announced Monday by EDB Board Chairman Javier Ferrer, who is president of the Government Development Bank.
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GDB kicks off 11th finance, economy institute
June 4, 2013
Government Development Bank President Javier Ferrer announced Monday the start of the 11th José M. Berrocal Finance and Economy Institute internship program, with the participation of 30 college students attending Puerto Rico and stateside universities.
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