The U.S. Treasury has submitted a report with recommendations to transform Puerto Rico’s property tax system, including the potential elimination of the controversial inventory tax, Raúl Maldonado, the local administration’s CFO said. Maldonado, who is also Puerto Rico Treasury Secretary, shared the content of the report with members of the United Retailers Association, the School […]
Wireless carrier T-Mobile Puerto Rico unveiled its new mobile sales and service unit, which it will use to serve customers in Humacao and the island’s eastern flank. The company invested $200,000 in the 325 square-foot unit, which will initially employ 11 people and will be stationed at Plaza Palma Real, where T-Mobile lost a store […]
The Bank of Nova Scotia, parent company of Scotiabank de Puerto Rico, has sued the government’s Metropolitan Bus Authority for defaulting on some $32 million in a revolving credit and term loan agreement. Furthermore, the bank has asked the San Juan Superior Court to issue an order for a “provisional embargo and prohibition of alienation […]
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