Local News

Top Local News Headlines

These are the top local news stories from News is my Business for Saturday, March 8, 2014.

Gov. supports fight for fair Medicare funding for P.R.

Published 7 March 2014, 5:03 am

Puerto Rico Gov. Alejandro García-Padilla, publicly expressed his full support to the Puerto Rico Medicare Coalition for Fairness’ efforts aimed at repairing disparities in Medicare funding to the island during the Puerto Rico Chamber of Commerce’s 2014 Health and Insurance conference that took place this week at the Condado Plaza Hilton hotel. Read More →

Survey: Most Americans now back Cuba policy change

Published 7 March 2014, 5:02 am

WASHINGTON — Sen. Patrick Leahy (D-Vermont) is as liberal on the political spectrum as his Republican colleague from Arizona, Sen. Jeff Flake, is conservative. But there’s one issue both lawmakers readily agree on: it’s time to relax U.S. policy on Cuba. Read More →

Op-Ed: Exporting intellectual property to create wealth

Published 7 March 2014, 5:01 am

It is the question on everyone’s mind: How can we create wealth within the framework of Puerto Rico’s current economic situation? But why don’t we ask instead, How do we create wealth in Puerto Rico with our collective knowledge? Read More →

Bahía Plaza joins upscale Paseo Caribe complex

Published 7 March 2014, 5:00 am

Caribbean Property Group offered a preview of the third and newest residential tower to join the exclusive Paseo Caribe complex in San Juan, Bahía Plaza, where apartments will start at the low $400,000’s. Read More →

Puerto Rico is ‘most affordable’ trip for U.S. travelers

Published 6 March 2014, 5:05 am

U.S. travelers seeking to get the most bang for their buck when traveling to the Caribbean over spring break should consider Puerto Rico first, as it has been ranked as the “least expensive destination” by TripAdvisor’s TripIndex Caribbean survey released Wednesday. Read More →

Claro to provide next-generation tech services to PRMA

Published 6 March 2014, 5:04 am

Telecommunications service provider Claro and the Puerto Rico Manufacturers Association signed a collaborative agreement Tuesday that will facilitate exchanging information on new technologies specially designed to increase the business sector’s productivity. Read More →

Puerto Rico Open to pump $22M into island economy

Published 6 March 2014, 5:03 am

The seventh edition of the Puerto Rico Open is officially underway at the Trump International Golf Club in Río Grande, an event that is expected to have an economic impact of $22 million and reach more than 500 million homes, Puerto Rico Tourism Co. Executive Director Ingrid I. Rivera-Rocafort said during a news conference Wednesday. Read More →

Executives named at Meet Puerto Rico, MMM, Triple-S

Published 6 March 2014, 5:02 am

Meet Puerto Rico, Triple-S Salud and MMM Healthcare Inc. and PMC Medicare Choice Inc. recently made a number of executive appointments. Read More →

Oriental Auto, Mitsubishi unveil contest winners

Published 6 March 2014, 5:01 am

Oriental Auto and Mitsubishi recently joined forces for the “Get on board a Mitsubishi with Oriental Auto” sweepstakes through which customers who bought a new car from the automaker and took out a loan with the financing company had the chance to win a number of prizes. Read More →

Scotiabank raises more than $140K for pediatric cancer

Published 6 March 2014, 5:00 am

Scotiabank’s “Corre por otro” (“Run for Another”) social responsibility campaign raised $140,000 funds this year to benefit five nonprofit entities in Puerto Rico that devote their efforts to work on behalf of pediatric cancer. Read More →

Puerto Rico Feb. net revenue at $670M, beats estimate

Published 5 March 2014, 5:05 am

Puerto Rico Treasury Secretary Melba Acosta-Febo said Tuesday that preliminary General Fund net revenues for February totaled $670 million, exceeding estimated collections by $57 million. Read More →

Gov. signs $3.5B GO bond issue, Fitch assigns ‘BB’ rating

Published 5 March 2014, 5:04 am

Puerto Rico Gov. Alejandro García-Padilla signed Tuesday legislation authorizing the issuance of $3.5 billion in general obligation (GO) bonds to be used to refinance outstanding credit lines granted by the Government Development Bank and address the government’s liquidity issues. Read More →

Hyatt Place Manatí opens to pursue medical tourism

Published 5 March 2014, 5:03 am

The $38 million Hyatt Place & Casino Atlántico opened its doors Tuesday in the northern town of Manatí, looking to establish itself as the place to stay for medical tourists and executives of nearby pharmaceutical and manufacturing plants, hotel executives said. Read More →

Op-Ed: A note on Ways and Means tax reform legislation

Published 5 March 2014, 5:02 am

Some companies from the U.S. mainland operate in Puerto Rico directly vs. through Controlled Foreign Corporations. They pay federal income tax on their territorial income at the normal 35 percent rate. Read More →

FirstBank co-hosts seminar for small-, mid-sized biz

Published 5 March 2014, 5:01 am

FirstBank and the Autonomous Municipality of Caguas will be co-hosting an educational conference for small and mid-sized businesses next week, when they will get first-hand guidance for managing the finances of their business during times of crisis. Read More →

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