The new year that began yesterday is already characterized by a high level of uncertainty, largely due to the changes that have occurred and will occur in Puerto Rico’s environment.
Although Puerto Rico appears to have lost its major corporate tax advantage following the approval of the U.S. Tax Reform, if it were to backfire and motivate companies to send jobs overseas and transfer revenues to other countries, Puerto Rico could have a chance to survive the predicted economic onslaught associated with the measure.
For many older adults, the details, categories and letters that identify the diverse benefits of Medicare can be complex and confusing, which can affect the process of selecting the coverage that best suits their needs.
The Puerto Rico Ports Authority released figures Wednesday confirming the drops in air and maritime visitor activity through September, when back-to-back hurricanes hit the island.
Fluor Corporation confirmed Thursday that it has completed work on portions of three priority 38kv power lines in large urban areas near San Juan and a fourth priority 38kv line near Caguas.
The recently passed Fedetal Tax Cuts and Jobs Act will have implications for Puerto Rico’s economic that will start to become more noticeable after fiscal year 2019, local research firm Estudios Técnicos Inc. predicted in an analysis released this week.
Several investor-owned electric companies that are members of the Edison Electric Institute will deploy nearly 1,500 additional restoration workers and support personnel to Puerto Rico in early January to accelerate ongoing power restoration efforts across the island, the EEI said.
Sunnova Energy Corp., which provides distributed, residential solar power in Puerto Rico, delivered a letter to the Puerto Rico Electric Power Authority (PREPA) blasting it for its “continued inaction and reluctance to work cooperatively with Sunnova.”
Colmena66 — an initiative of the Puerto Rico Science, Technology and Research Trust — in its first year has signed up more than 200 organizations in its network dedicated to building and strengthening Puerto Rico’s entrepreneurial ecosystem, according to the results of its first Impact Report.
Molina Healthcare Inc. skipped its annual corporate holiday party, and instead opted to donate the funds set aside for the event to Unidos por Puerto Rico to continue helping Hurricane María victims in Puerto Rico, company President Carlos Carrero confirmed.
Triple-S went public on the New York Stock Exchange 10 years ago, and since then, its assets have grown $1.7 billion in December of 2017 to $3.1 billion in September of 2017, for an increase of 82 percent, two of its high-ranking executives confirmed.
Luxury retailer Saks Fifth Avenue agreed to provide the San Juan Superior Court a “non-binding reopening target date” of its store at The Mall of San Juan by Dec. 29, this media outlet learned.
Wovenware, a Puerto Rico-based nearshore provider of smart software solutions, announced it has launched a practice specifically focused on the development of Artificial Intelligence (AI) solutions, including chatbots, predictive analytics, machine learning and deep learning applications.
More than $870 million in federal funds has been provided to Puerto Rico survivors of Hurricanes Irma and María, the Federal Emergency Management Agency said.
Saks 5th Ave., one of The Mall of San Juan’s two anchor tenants, expects to reopen the store that was devastated by Hurricane María on Sept. 20, but the specific date of when that will happen is still undetermined.
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