AGP Executive Report
Last update: 8 hours agoTax & Oversight: Puerto Rico’s recovery taxes are under scrutiny after critics say a 2024 Act 215 could raise construction excise costs and slow FEMA-funded rebuilding, with the oversight board warning municipalities not to implement it without PROMESA compliance. Local Economy Watch: A new MIDA consumer snapshot finds Puerto Ricans cutting monthly spending, with many viewing the outlook negatively and a third considering leaving the island; the study also flags rising use of weight-loss (GLP-1) medications. Real Estate & Incentives: The Senate is demanding details on the Opus Miramar luxury project, including any tax decrees and communications tied to developers, as lawmakers probe whether incentives were handled properly. Business & Tourism: ORO Hotel & Residences in Hato Rey unveiled its “Barrilito Bar” partnership with Ron del Barrilito, aiming to deepen the luxury experience with a signature rum concept. Energy & Policy: Separately, the Trump administration announced $850M for coal plant modernization and two new plants, a move that renews debate over subsidies and grid reliability.
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