The Puerto Rico Treasury Department has launched a series of embargoes on local businesses that have not been remitting collected Sales and Use Tax (“IVU”, for its Spanish acronym) to the government, nor their employees’ tax retentions.
The Ritz-Carlton, San Juan has been named as an award winner in the 2016 edition of U.S. News & World Report’s “Best Hotel Rankings,” receiving a “Best Hotel in Market” award for its presence in Puerto Rico.
Former Washington, D.C. Mayor Anthony A. Williams, who steered the nation’s capital from financial ruin to prosperity, told U.S. lawmakers Tuesday that solving the immediate fiscal crisis, while absolutely essential, will not alone be sufficient to bring Puerto Rico back to the position of economic self-sufficiency.
In association with a local retail partner, Tiffany & Co. will open its first store in Puerto Rico in coming months at The Mall of San Juan, Nathan Strauss, director of corporate communications for the luxury jewelry store chain confirmed to News is my Business.
International startup accelerator Parallel18, based in Puerto Rico, closed its first global call for startups last week with more than 400 applications from more than 30 countries.
The Puerto Rico Aqueduct and Sewer Authority is considering dipping into its rate stabilization fund to pay off $90 million due to creditors by month’s end, which would drain the reserve entirely, utility officials said Monday.
REMAG, a program that rewards consumers with coupons when they recycle their newspapers, helps the community, promotes local economic development, and helps save the planet, launched its distinctive green and white kiosks in 24 supermarkets across Puerto Rico Monday.
In recent weeks, local companies have made executive appointments across a number of sectors, namely insurance, tourism and the arts.
Consulting and media management firm Full Circle Communications is marking its 12th anniversary with a new corporate image and the launching of a new division to provide customized trainings for executives in times of economic challenges.
The U.S. House Subcommittee on Indian, Insular and Alaska Native Affairs Committee will hold an oversight hearing on Feb. 2 to provide commentary on a possible solution to the Puerto Rican debt crisis, emphasizing on improved management policies and long-term sustainability.
First BanCorp. wrapped up what top executives called a “very busy year” with net income of $21.3 million, or $0.10 per diluted share for 2015, compared to $392.3 million, or $1.87 per diluted share, for the year ended Dec. 31, 2014.
Nonprofit environmental organization Para La Naturaleza recently signed a 20-year lease with the Roosevelt Roads Redevelopment Authority to open a visitor’s center at the former naval base in Ceiba.
The Puerto Rico Bankers Association has called upon the legislature for the prompt approval of the Puerto Rico Electrical Power Authority Revitalization Act, which will enable the public corporation to complete the necessary restructuring process.
Three local experts on business intelligence and technology are pursuing the creation of a global information community in Puerto Rico.
The Puerto Rico Electric Power Authority and its bondholder group announced this morning they have resumed talks, after walking away from the table nearly a week ago.
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