Top Local News Headlines

These are the top local news stories from News is my Business for Sunday, February 14, 2016.

Private Sector Coalition continues DC lobbying efforts

Published 11 February 2016, 5:03 am
Leaders of Puerto Rico's Private Sector Coalition continued their push in Washington DC for the enactment of economic development measures for the commonwealth as the true way out of the fiscal crisis. Read More →

Cidrines bread, pastry footprint covers 500 U.S. stores

Published 11 February 2016, 5:02 am
Puerto Rican artisan wholesale bakery Cidrines announced Wednesday a significant expansion of its stateside reach through the delivery of its fresh pastries and breads to more than 500 stores across the Florida market. Read More →

Quintessentially Lifestyle opens P.R. operation

Published 11 February 2016, 5:01 am
Quintessentially Lifestyle, a global private members’ club offering concierge services and lifestyle management services has established a local operation and will be introducing its services at the Puerto Rico Investment Summit on Feb. 11-12. Read More →

Caterpillar names P.R. firm Rimco official dealer for Cuba

Published 11 February 2016, 5:00 am
Caterpillar Inc. announced Wednesday it has selected Puerto Rico-based Rimco to be the Cat equipment dealer for Cuba. Currently, Rimco serves as the Cat dealer for Puerto Rico and the Eastern Caribbean. Read More →

Gov’t: P.R. retail sales show 3% YOY drop in Oct. ’15

Published 10 February 2016, 5:05 am
Puerto Rico retail sales for the month of October 2015 — the most recent available from the government — showed a 3 percent drop in comparison to the same month in 2014, to $3.1 billion. Read More →

Guayacán sets off 10th edition of EnterPRize competition

Published 10 February 2016, 5:04 am
The tenth edition of Grupo Guayacán’s business competition, EnterPRize, kicked off with the participation of this year’s 25 semi-finalists in a series of workshops that are part of its educational curriculum. Read More →

M. Holland to acquire 2 San Juan-based distributors

Published 10 February 2016, 5:03 am
M. Holland Co., a distributor of thermoplastic resins, announced Tuesday it has signed a letter of intent to acquire Able International Corp. and Tril Export Corp., both headquartered in San Juan. Read More →

Liberty marks ‘Safer Internet Day 2016’ initiative

Published 10 February 2016, 5:02 am
As part of its social responsibility campaign “Navega con seguridad,” Liberty Puerto Rico celebrated “Safer Internet Day 2016” on the island on Tuesday for the ninth year in a row. Read More →

Carey Int’l renews franchise license in P.R.

Published 10 February 2016, 5:01 am
Carey International, Inc., a provider of chauffeured service solutions, customer-centric travel technology, and ground transportation logistics management, has renewed its Carey franchise agreement in Puerto Rico, the company announced Tuesday. Read More →

USDA opens call for renewable energy program funding

Published 10 February 2016, 5:00 am
The U.S. Department of Agriculture’s Rural Development program is accepting applications for funding under its Renewable Energy for America Program through May 2, 2016, José Otero-García, the agency’s state director for Puerto Rico, said Tuesday. Read More →

Effects of tax switch sets off debate between economists

Published 9 February 2016, 5:02 am
The switch-over from a B2B IVU to a B2B IVA should not raise consumer prices nor costs to business, according to Economist Vicente Feliciano, president of Advantage Business Consulting. Read More →

Op-Ed: Recycling during San Sebastián a huge success

Published 9 February 2016, 5:01 am
The San Sebastián Festival is always one of the best of the year, representing the culmination of the holiday celebration in Puerto Rico. This year proved to be even more special for another reason: more than 83,059 pounds of material was source-separated and recycled at the festival in Old San Juan. Read More →

Seaborne Airlines to brand iconic building in Hato Rey

Published 9 February 2016, 5:00 am
Seaborne Airlines and the Puerto Rico Infrastructure Financing Authority announced Monday they have entered into an agreement to install Seaborne' s corporate logo on the 23rd floor of the exterior frontal façade of the iconic World Plaza Building in Hato Rey. Read More →

P.R. businesses bracing for B2B tax hike in April

Published 8 February 2016, 5:01 am
On April 1, Puerto Rico will adopt a Value Added Tax (VAT) system and the island's advertising industry will fall in line with other business sectors in paying a tax for services from which it was temporarily exempted. Read More →

Gov’t collects $26.4M from SUT on B2B in 4 months

Published 8 February 2016, 5:00 am
Since going into effect last October, the Sales & Use Tax (SUT) on business-to-business (B2B) services has generated $26.4 million, the Puerto Rico Treasury Department reported. Read More →

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