The U.S. General Accounting Office released Wednesday a lengthy report assessing the impact of the Jones Act on Puerto Rico’s economy, saying, among other things, that the effects modifying the application of mandate “are highly uncertain, and various trade-offs could materialize depending on how the Act is modified.”
The Puerto Rico Tourism Company on Wednesday reported $6.6 million in hotel room tax collections in January, representing a 16.6 percent increase when compared to the same month in 2012, agency Executive Director Ingrid Rivera-Rocafort said.
FirstBank Puerto Rico announced Wednesday it has formalized a seven-year strategic alliance with FIS, a global provider of banking and payment technologies, to provide state-of-the-art products and services to its clients.
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