Toyota among most admired companies in the world
February 24, 2015
Toyota topped this year’s list of “most admired automotive companies” in the world according to the results of the latest survey by business magazine “Fortune.”
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Dept. of Commerce hosts intellectual property seminar
February 24, 2015
Intellectual property rights experts from the U.S. Department of Commerce and the U.S. Patents and Trademark Office will be in Puerto Rico on Feb. 25 to offer information on how local businesses can protect their intellectual property rights when they are exporting their product and services to the U.S. mainland and overseas markets.
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Planning Board OKs $3B in location consultations in ’14
February 23, 2015
The Puerto Rico Planning Board informed that at the end of 2014 it had approved 52 location consultations, representing a future investment of $3 billion and the potential to create 25,000 jobs.
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PRHTA blasts Tourism Co.’s ‘unrealistic stance’ on VAT
February 23, 2015
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.”
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Minority suppliers, multinationals to meet this week
February 23, 2015
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.
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Moody’s pushes Commonwealth credit deeper into junk
February 20, 2015
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.
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Congress to study bill to add PR to U.S. bankruptcy code
February 20, 2015
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.
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Puerto Rico auto sales on non-stop drop, -14.9% in Jan.
February 20, 2015
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.
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Op-Ed: Tech systems will be key to launching tax reform
February 20, 2015
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.
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Claro freezes telecom service rate for the rest of 2015
February 20, 2015
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.”
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DDB Latina Puerto Rico lands Puma Energy account
February 20, 2015
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.
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Lawmakers submit bill proposing virtual driver’s license
February 20, 2015
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.
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House Speaker raises red flags on tax reform issues
February 19, 2015
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.
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Electric Daisy Carnival to boost tourism, hotel bookings
February 19, 2015
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.
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Seaborne Airlines to launch San Juan-Anguilla service
February 19, 2015
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.
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