Tax season boosts Treasury collections to $1.2B in April
May 17, 2016
The Treasury Department confirmed Monday net revenues recorded by the General Fund in April 2016 totaled $1.28 billion, $76.2 million above revised estimates, and $47.7 million below net revenues in April 2015.
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Weekend Wheels: Toyota hybrids are all-inclusive rides
May 17, 2016
The Toyota family of hybrid vehicles includes a new generation of members that are excelling at performance, elegance and comfort. Over the past two weekends, this media outlet got the opportunity to test drive two of them — the 2016 RAV4 and Prius — confirming that for many reasons, their sticker price is a long-term investment that pays off.
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New tenants moving into Plaza Las Américas
May 17, 2016
The Plaza Las Américas shopping mall is ushering in several new tenants in coming months, including Zapaventura, BienLatino, a second store Starbucks and Olive Garden.
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Iberia reestablishes direct Madrid-P.R. air connection
May 16, 2016
Puerto Rico government officials welcomed Sunday the return of Spanish airline Iberia, which has resumed direct flights after a three-year absence.
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Airline, industry vendors descend on P.R. for conference
May 16, 2016
The Latin American and Caribbean Air Transport Association (ALTA) is kicking off it’s CCMA & Aircraft MRO Conference this week in Puerto Rico, hosted by the Puerto Rico Tourism Company and Meet Puerto Rico, and with support from the Puerto Rico Industrial Development Company (PRIDCO.)
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DLC opens call for ’16 summer internship program
May 16, 2016
Integrated communications agency de la Cruz & Associates is seeking college student in their junior or senior years, or who are pursuing a Master’s Degree in communications, to participate in this year’s summer internship program aimed at providing a work experience to take their studies to the next level.
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CPAs to host ‘Innovation in accounting & finance’ forum
May 16, 2016
The Technology and Innovation Committee of the Puerto Rico CPA Society will hold its first “Innovation in Accounting and Finance Forum” on May 20 at the Condado Plaza Hilton Hotel.
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A.M. Best: P.R.’s debt crisis remains test for insurers
May 13, 2016
While insurers domiciled in Puerto Rico have maintained underwriting discipline and demonstrated favorable operating results and solid balance sheet strength, the competitive operating environment and economic challenges there will hinder their ability to grow over the near to medium term, according to a new A.M. Best briefing.
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Court: Gov’t will have to turn over bondholder info
May 13, 2016
After nearly a year of litigation, the Center for Investigative Journalism on Thursday confirmed another legal victory in its battle against the Government Development Bank for Puerto Rico to gain access to information about the hedge funds that hold the Commonwealth’s public debt.
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Tech Summit returns looking to ‘break paradigms’ in ’16
May 13, 2016
The Tech Summit 2016, the most important technological event in Puerto Rico and the Caribbean, returns for its fourth edition under the theme “The Strategy is Delivery.”
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Governor, private sector lobby directly with Ryan
May 12, 2016
Puerto Rico Gov. Alejandro García-Padilla and members of the island’s private sector held meetings with key lawmakers in Congress, including U.S. House Speaker Paul Ryan, to discuss the bill that would address the Commonwealth’s fiscal crisis.
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DuartePino, SeriouslyCreative ally for business growth
May 12, 2016
Driven by the need to contribute to the economic development of the island, DuartePino and SeriouslyCreative announced a new strategic alliance to help established companies reboot their strategies for business growth.
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Op-Ed: Origins of the Puerto Rico fiscal crisis
May 12, 2016
Puerto Rico is facing a severe fiscal crisis. Observers agree that the island’s public entities are unable to repay their debts on time and in full, making default and debt restructuring inevitable.
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USDA awards grants $57K to local agricultural fund
May 12, 2016
The Integral Agricultural Development Fund, known as FIDA in Spanish, received a $57,415 grant from the U.S. Department of Agriculture to be used to provide energy audits or renewable energy development assistance to farmers, ranchers, and rural small businesses.
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García-Padilla meets with creditor advisors in NYC
May 11, 2016
Puerto Rico Gov. Alejandro García-Padilla met with a group of unidentified advisors to the Commonwealth’s creditors to communicate, first hand, the need for Puerto Rico reach a broad restructuring of its $70 billion public debt to sustainable levels, his office said Tuesday.
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