The government of Jamaica announced Tuesday that the World Bank has agreed to provide technical assistance in respect of preparing a master plan to create a Caribbean logistics hub in anticipation of completion of the Panama Canal Expansion Project in 2015.
Throughout Hato Rey’s Golden Mile, sotto voce, there is talk about an imminent amendment to Law 154 to increase taxes on foreign corporations. Under the present law, the excise tax on these corporations just declined from 4 percent in 2011, to 3.75 percent in 2012, and effective this month down further to 2.75 percent.
MIDA, the Marketing, Industry and Food Distribution Chamber, recently offered its members the results of a study on the situation of the industry. The study included a survey of 28 industry leaders who delved into the impact that demographic changes are having on the purchase and consumption of food.
Recently, and in view of the very serious challenges facing Puerto Rico, some analysts have called for a Compact among the various interest groups in society to agree on basic development issues. I fully agree with the need for what I would call a Compact for Puerto Rico (in Spanish, “Pacto por Puerto Rico").
As tired as I was over a sleepless night —horrified after reading José Enrique Gómez’s murderer’s description of his vicious and vile death and deeply concerned about Puerto Rico’s present and future — I couldn’t miss our standing high-school monthly dinner, especially because two of my very best friends from school were in town.
With a change of government at hand and a new year ahead, it would be interesting to dare imagine a vision of a proactive, efficient and transparent Puerto Rico, that is, the opposite of what we have today in many respects.
On June 28, 2010, the U.S. Supreme Court ruled that the HC Reform is largely constitutional, upholding the individual mandate provision. The individual mandate is the provision that requires Americans to maintain health coverage. While it is still uncertain if this provision would apply to Puerto Rico, or what impact it would have on the HC Reform come January 2013, we are certain that employers will continue to face challenging decisions regarding healthcare.
Considering the business risks related to managing Puerto Rico’s comprehensive and complex labor regulation, it makes sense for companies to protect their resources with an Employment Practices Liability (EPL) policy.
News is my Business, Puerto Rico’s only all-digital English-language business news service, is marking its second anniversary today.
This Veterans Day, while we take a moment to honor the millions of men and women who watch over our freedom, it’s important to also share information about the resources available to help veterans who are on the path to entrepreneurship.
Puerto Rico Governor-elect Alejandro García-Padilla will be undertaking an administration facing a very difficult scenario, with severe resource restrictions.
The lack of seriousness and responsibility reflected by the comments made by the president of the Government Development Bank of Puerto Rico are truly disturbing.
With almost 95 percent of world consumers outside America's borders, exporting is an important way for small business to scale up and create the jobs that America needs now. Now, more than ever before, small business owners can access these overseas markets with the click of a button thanks to globalization, Internet communications and export finance programs made more simple and easy to use by the Obama Administration.
During the past 12 months, Puerto Rico’s economic activity has gained ground, as the recession is no longer deepening. This scenario is in addition to the appearance of the first signs of an early recovery stage — albeit moderate — and seeing the first pieces of evidence indicating that the recession is over.
NIMB EN LAS REDES SOCIALES