The Puerto Rico Hotel and Tourism Association blasted the Tourism Co.’s stand on the proposed value-added tax structure the government is proposing as part of a comprehensive tax reform, saying the agency should “evaluate all aspects that will affect the hospitality industry.”
The Puerto Rico Minority Supplier Development Council will celebrate the 13th edition the “2015 Opportunity Fair,” under the slogan “Economic Revitalization in Motion” at the Puerto Rico Convention Center, Feb. 27 from 8 a.m. to 5 p.m., the group announced.
For the second time in less than a week, Puerto Rico’s credit rating has gotten slashed, this time by Moody's Investors Service, which downgraded the Commonwealth’s general obligation bonds and guaranteed debt to Caa1 from B2, its Sales Tax Financing Corporation (COFINA) senior and subordinate bonds, respectively, to B3 and Caa1 from Ba3 and B1, and the notes of the Government Development Bank, to Caa1 from B3.
A subcommittee of the House Judiciary Committee announced Thursday it will hold a hearing on House Resolution 870, known as the Puerto Rico Chapter 9 Uniformity Act of 2015, at 11:30 a.m. on Feb. 26th in Washington D.C.
Puerto Rico’s auto industry reported Thursday yet another month of negative sales, confirming that January showed a 14.9 percent decrease in activity, upholding a non-stop drop that began early last year.
At the Puerto Rico Information Technology Cluster we believe that the potential success of the implementation of a value added tax system and how fair it could be for Puerto Ricans will depend largely on the strength of information systems that are launched to support it.
Telecommunications service provider Claro announced Thursday it will freeze all of its mass market rates for wireless and fixed telephony, Internet and television services “in solidarity with the consumer’s economic situation.”
Puma Energy Caribe, LLC recently selected DDB Latina Puerto Rico to handle its advertising, public relations, media and digital platforms in the local market, developing strategic plans to solidify the brand and its leadership in the category, the agency announced Thursday.
A pair of lawmakers presented Thursday a bill to amend the Puerto Rico Vehicle and Traffic Law to authorize the issuance, creation and use of the so-called virtual driver’s license, which would entail designing a mobile application to provide access.
House Speaker Jaime Perelló told Treasury Department officials during a hearing Wednesday that they need to “go back to the table” on certain aspects of the proposed tax reform, including the frequency with which consumers will receive rebates to mitigate the impact of the new 16 percent value-added tax structure.
This weekend’s two-day Coors Light Electric Daisy Carnival is expected to draw more than 40,000 people from Puerto Rico and other countries, boosting the island's economy and thrusting it into the international spotlight.
Seaborne Airlines announced Wednesday the addition of non-stop service between the Luis Muñoz Marín International Airport and Clayton J. Lloyd International airport on the island of Anguilla, starting April 30, 2015.
Puerto Rico needs to consider integrating broadband use as one of its key economic indicators — beyond cement production and energy consumption — to promote business expansion and the development of new initiatives to create jobs, generate tax revenue and even increase real estate values, public and private sector industry representatives said Tuesday.
Under the slogan, "360 degrees of construction," the Associated General Contractors of America will hold its 96th annual convention for the first time in Puerto Rico, Mar. 18-20 at the Convention Center in Miramar.
Abarca Health, a Puerto Rico-based company dedicated to pharmacy benefit management, announced during its recent 10th anniversary celebration the opening of its new division, Abarca Technologies and its plans to expand and export services this year.
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