BNY Mellon objects to Cofina mediator compensation
SAN JUAN – The Bank of New York Mellon (BNYM), which serves as trustee of the Puerto Rico Sales Tax Financing Corp. (Cofina by its Spanish acronym), and Lehman Brothers objected Tuesday to Cofina's disclosure statement that the U.S. District Court ...
Puerto Rico Labor secretary approves unemployment benefit increasesCaribbean BusinessSAN JUAN – Puerto Rico Labor Secretary Carlos Saavedra Gutiérrez on Friday signed the new Regulation to Administer the Unemployment Insurance Program, which increases ...Read More »
Puerto Rico Labor secretary approves unemployment benefit increases Caribbean Business Full coverageRead More »
Fiscal board awaits data on video-lottery terminal revenue
SAN JUAN – The Financial Oversight and Management Board for Puerto Rico said Monday that it has yet to receive the data it needs to determine that the off-casino gaming machines provision in the administration's tax reform bill will not offset revenue ...
San Juan mayor: Trump has been a jerk to Puerto RicoCaribbean BusinessSAN JUAN – “He has been a jerk to the country.” That is how the mayor of San Juan, Carmen Yulín Cruz Soto, reacted to alleged remarks by President Trump about not wanting to send add...Read More »
Fiscal board questions amendment to retirement law that would benefit mayors Caribbean Business Full coverageRead More »
Fiscal board questions amendment to retirement law that would benefit mayors
SAN JUAN – The executive director of Puerto Rico's Financial Oversight and Management Board, Natalie Jaresko, on Monday questioned Senate Bill 1148, which proposes to retroactively change the date that applies to participants that entered the ...
Puerto Rico vacationers get access to ‘Hamilton’ tickets Caribbean Business Full coverageRead More »
Puerto Rico vacationers get access to 'Hamilton' tickets
SAN JUAN – The executive director of the Puerto Rico Tourism Co. (PRTC), Carla Campos, announced details on the sale of “Hamilton” tickets set aside for the government corporation to promote travel to the island. Lin-Manuel Miranda will reprise his ...
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Puerto Rico gov: No problem in implementing tax reform bill in phasesCaribbean BusinessMeanwhile, the elimination or lowering of the business-to-business tax and the sales and use tax (IVU by its Spanish acronym) on processed foods may be left for a la...Read More »