Monday, August 8, 2022

Latest News

  • THINK STRATEGICALLY: The 10 Issues Impacting Global Markets

    This week, the market was shocked by the release of the latest Consumer Price Index (CPI), which exceeded estimates. To add insult to injury, U.S. consumer sentiment fell 14.04 percent to 50.2, its lowest level in history....

    • Posted June 16, 2022
  • Justice Law firms
    Law Firm’s Exclusion Sought

    O’Neill & Borges Defends FOMB Representation, Denies Conflict of Interest Charge Puerto Rico’s Financial Oversight and Management Board (FOMB) and one of the panel’s law firms, O’Neill & Borges LLC, requested last week that U.S. District Judge...

    • Posted June 10, 2022
  • Businesses in Extinction

    There is a rule in journalism that most of us old-timers— Brontosaurus, really—follow: We do not report about things that affect us directly. No se hace. I am going to break that rule today because I believe...

    • Posted June 10, 2022
  • San Juan Coliseum to Become Gaming Island

    Red Rooster Team to Offer Digital Experience for Summer Camps The Pedrín Zorrilla Coliseum in San Juan will soon turn into Red Rooster Gaming Island, an event slated to be held on July 8 and organized by...

    • Posted June 10, 2022
  • Trinexus, Endlink Establish Tech Optimization Alliance

    Seek to Design, Implement Solutions for Hospitals; Improve Patient Care Quality Trinexus, the Puerto Rican consulting firm specialized in information technology for the health care industry, and Endlink, which specializes in the development of data and digital...

    • Posted June 9, 2022
  • Third Sector Helps Communities Prepare for Hurricanes

    Coalition Offers Workshops Ahead of Active Storm Season Given the forecast of the National Oceanic and Atmospheric Administration, which estimates that for the 2022 hurricane season 14 to 21 storms could develop, of which from six to...

    • Posted June 9, 2022
  • Under Their Eye, Again

    “Hegel remarks somewhere that all great worldhistoric facts and personages appear, so to speak, twice. He forgot to add: the first time as tragedy, the second time as farce.” So commences the “The Eighteenth Brumaire of Louis...

    • Posted June 4, 2022
  • Lawmaker ‘Confident’ in 2nd Budget Pact with Board

    Budget Committee Chair Seeks Middle Ground with Gov’t, FOMB Proposals The chairman of the House Treasury and Budget Committee said he was “confident” that lawmakers will come to an agreement with Puerto Rico’s Financial Oversight and Management...

    • Posted June 4, 2022
  • GUIA: Sales Rose 0.18 Percent Year-Over-Year in April

    Over 10,800 Units Sold The United Automobile Importers Group (GUIA by its Spanish acronym), an independent, nonprofit organization created in 2006 to address industry matters, as well as issues related to the economy of Puerto Rico, released...

    • Posted June 3, 2022
  • Sitting by the Dock of the Act 22 Bay

    Tax Breaks Probed by Local and Federal Authorities The debate over the effectiveness of the tax exemption decrees granted to investors interested in doing business in Puerto Rico continues in the Legislative Assembly after public hearings were...

    • Posted June 2, 2022
  • AARP Survey: Women 50 Years and Older Could Decide Next Election

    New Research Demonstrates Power of Overlooked Voters Real kitchen-table issues are concerning women voters 50 years and older who could sway the results of the upcoming elections in Congress and states across the country. Several women who...

    • Posted June 2, 2022
  • U.S. Treasury Deal Relies on Local Legislation

    Parés: Act 154 Credit Replacement Needed to Prevent Devastation Puerto Rico Treasury Secretary Francisco Parés told Caribbean Business that the preliminary agreement with the U.S. Treasury to provide federal tax credits for controlled foreign corporations (CFCs) transitioning...

    • Posted June 2, 2022
  • Fiscal Plans Approved Without Gov’t Input

    Marrero Criticizes ‘Micromanagement,’ Town Funding Puerto Rico’s Financial Oversight and Management Board (FOMB) approved during a meeting last week the 2022 fiscal plans for five commonwealth entities while efforts continued to reach an agreement between the panel,...

    • Posted May 28, 2022
  • Hold Your Pharma Horses

    Although much has been written about the throttling of the Internal Revenue Code’s section 936—the 10-year phaseout of the erstwhile tax break, which concluded in 2006, marks the epicenter of the Puerto Rico economy’s precipitous decline into...

    • Posted May 27, 2022