García-Padilla asks for support of 13.25% VAT
May 13, 2015
Saying it “is the best option” to solve the government’s fiscal problems, Gov. Alejandro García-Padilla re-introduced Tuesday a proposal to establish a value added tax system he said would generate more than $2.5 billion in net revenue for the cash-strapped administration.
chat_bubble0 Comment
visibility2990 Views
Putney Capital, Argos buy P.R. cement terminal for $34M
May 13, 2015
Putney Capital Management, LLC announced Tuesday the acquisition of one of the main terminals for the reception, storage and distribution of cement in Puerto Rico, for $34 million.
chat_bubble0 Comment
visibility2888 Views
MIDA: Consumers cut monthly grocery spending by 14%
May 13, 2015
Puerto Rican consumers have reduced the how much they spend on monthly groceries by 14 percent, to $425 from $492, representing a major challenge to local retailers, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
chat_bubble0 Comment
visibility3131 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
