A framework for the legal sale of medical cannabis would generate a new source of revenue for Puerto Rico, to the tune of $14 million a year in sales tax revenue for the Treasury Department, an agency official told lawmakers Tuesday.
Recruiting and outsourcing firm BMA Group is partnering with tech startup TalenTank to provide a new service that identifies employees’ core values and monitors company culture to improve employee engagement and increase culture-fit hires, the company announced Tuesday.
Flanked by dozens of producers, artists, entrepreneurs and employees, Ticket Center — a local business dedicated to selling entertainment and sporting events in Puerto Rico — marked its 20th anniversary by inaugurating Tuesday its new facilities at La Terraza at the Plaza Las Americas mall in Hato Rey.
Caguas-based Oscar Super Cash & Carry announced Tuesday it will make its resources available to business incubators to serve as a platform for social innovation to strengthen smaller businesses and in turn, the foundation for Puerto Rico’s social and economic development.
Generally, those responsible for withholding are called “withholding agents.” This means any person that is bound to deduct and withhold any tax on income payments pursuant to the provision of the Puerto Rico Internal Revenue Code.
Travel planning and booking site TripAdvisor has included San Juan among this year’s top 10 most popular spring break destinations for North Americans to get the “most bang for their buck.”
Representatives from a cross-section of the economy expressed their opinions Monday in the wake of the the Financial Oversight and Management Board for Puerto Rico approval of the fiscal plan the island’s government must follow to shore up liquidity and fund essential services.
Grupo Guayacán Inc. (GGI) announced Monday the official kick-off of its EnterPRize Business Competition which provides startups with access to an educational curriculum including workshops, mentoring, coaching, and the opportunity to compete for more than $100,000 in equity free seed capital from GGI and a group of corporate partners.
First BanCorp. announced Monday that its subsidiary, FirstBank Puerto Rico, sold on March 10, 2017 its outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA), reducing its direct exposure to Puerto Rico government related credits.
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González-Colón, has filed legislation to extend indefinitely the application of Internal Revenue Code Section 199 in Puerto Rico, together with co-sponsors congressmen Carlos Curbelo (R-Florida 26), John Lewis (D-Georgia 5) and José Serrano (D-NY 15).
The Puerto Rico Football Club is gearing up to start its second regular season, hosting more local games than last year, as team owners look to boost the visibility and performance of the young member of the North American Soccer League.
With the looming fiscal crisis overwhelming the government of Puerto Rico, many proposals are persistently brought forward, with the sincere aim of taking small steps towards sensible short and long-term solutions.
The first episode of “Recuerdos de mi vida,” a half-hour weekly TV-show designed to cater to Puerto Rico’s senior population, made its debut this weekend, producers announced.
U.S. Congressional Committees moved Thursday to close a decades-old loophole that critics say has caused significant financial losses for many Puerto Rican investors and retirees.
In the spirit of contributing to the business development of entrepreneur women, FirstBank, through its Community Reinvestment Unit, is sponsoring the Center for Puerto Rico’s “Women Entrepreneurship Program,” the organizations announced Thursday.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA