Stephanie L. López

Puerto Rico could convert a portion of the revenue it receives from the federal rum tax into a permanent fund to finance scientific research, medical infrastructure, environmental projects, and technological development.

Although Puerto Rico did not hold an initial public offering (IPO) and did not issue debt in the markets, Governor Jenniffer González Colón took advantage of yesterday's opening ceremony of the New York Stock Exchange (NYSE) to promote the island as an investment destination.

Despite the unsuccessful attempts to eliminate the inventory tax in Puerto Rico, the president of the Retail Trade Association (Acdet), José “Pepe” González, assured that the organization will continue to insist for it to happen, during the new legislative session, as well as for the approval of a tax reform and a permit reform.

One year after the government began efforts to eliminate the charge for scanning vans at the San Juan dock, the Ports Authority confirmed that the regulation that required it was repealed last Wednesday, making that requirement void.

Restrictions on vessel traffic through the Panama Canal following low water levels caused by the El Niño phenomenon could result in higher transportation costs and delays in the arrival of goods, particularly those originating in Asia.

One year after filing for bankruptcy under Chapter 11 of the Federal Bankruptcy Law, the Maestro Hospital Association Inc. yesterday completed the transaction of its institution for an amount of $15.6 million.

The entertainment industry may be one step closer to facing changes to the fees included in its tickets, after the House of Representatives approved a bill that would eliminate charges such as the "Promoter Fee" and "Venue Fee."

Four months after filing for bankruptcy again, employees at Wilma Vázquez Hospital in Vega Baja are beginning to experience payment problems, while the institution continues to report operating losses.

The mental health of workers in Puerto Rico remains vulnerable, according to a regional study, which states that financial stress and emotional well-being are two of the main factors that can threaten the productivity and stability of talent in companies.

After a decade of investing in Río Piedras, Necromancy Cosmética is expanding its operations into a nearly 1,200-square-foot space in Callejón del Carmen. The move is intended to accommodate the growth of its brick-and-mortar store and turn the space into a gathering place for the community.