TRB to start regulating satellite television services
February 24, 2011
TRB President Sandra Torres, flanked by lawmakers Paula Rodríguez Homs, Lornna Soto and José Chico during a Thursday news conference. Almost 15 years after the Telecommunications Regulatory Board began regulating the local market, it has gotten the legal go-ahead to include direct broadcast service providers, or satellite television companies, within its jurisdiction. Through the approval […]
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El Amal agrees to reopen a store for 30 days to fill prescriptions
February 24, 2011
El Amal will open a single store on Friday. (Credit: © Mauricio Pascual) Health Department officials said Thursday they reached an agreement with the owners of El Amal to open a single store in the San Juan metropolitan area, to fulfill prescriptions that were left pending when the drugstore chain closed its doors late last […]
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Ford focuses on expanding market presence
February 23, 2011
Ford Motor Company is looking to increase its participation in the island’s automobile market to 13 percent this year, selling close to 10,000 units, said Waldo Galán, director of Ford Puerto Rico, on Wednesday.
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Microsoft Puerto Rico inaugurates new $2.5M office
February 23, 2011
Alvaro Celis, general director for Microsoft’s multi-country Americas division and Cleber Voelzke, general manager of the Puerto Rico operation. (Credit: © Mauricio Pascual) Microsoft Puerto Rico is looking to change the way people work in Puerto Rico by practicing what it preaches. On Wednesday, the company inaugurated its new $2.5 million, 13,000 square-foot headquarters at […]
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T-Mobile monitors 4G trends, launches new cutting-edge device
February 22, 2011
Jorge Martel As Puerto Rico’s dynamic wireless mobile market continues to evolve, so do customer trends and needs. For T-Mobile, notable tendencies that have emerged in recent months are a growth of the so-called “affordable smartphone” customer segment and a demand for more and better mobile content. During his first meeting with members of the […]
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Pridco redesigns federal contracting program to help local businesses
February 22, 2011
Puerto Rico businesses are missing out on making millions from federal government contracts each year, a shortcoming that represents a significant loss of growth opportunities. Looking to mitigate that, the Puerto Rico Industrial Development Co. on Tuesday announced the creation of the Federal Contracting Center, an office that will begin operating next month at the agency’s Hato Rey headquarters.
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High-speed Internet project officially unveiled, 1st access point to be ‘on’ by summer
February 22, 2011
Carlo Marazzi Promising to offer affordable high-speed Internet to all of Puerto Rico, the $32.5 million Puerto Rico Bridge Initiative was officially inaugurated Tuesday, with the goal of eventually expanding a broadband footprint to the entire island. The inauguration of the first phase of the network comes nearly a year after PRBI project manager Critical […]
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PRHTA looks to support creation of destination marketing organization
February 21, 2011
Saying the historical “flip-flopping” of tourism marketing campaigns for Puerto Rico has “confused the hell out of everybody,” the Puerto Rico Hotel and Tourism Association has set the ball rolling on establishing a destination marketing organization, or DMO, for the island.
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EDB looks to boost loan portfolio, expand benefits to small-, mid-sized entrepreneurs
February 20, 2011
The Economic Development Bank announced Sunday it is looking to boost its loan portfolio for Puerto Rico’s small- and mid-sized businesses by nearly 10 percent, to $275 million, in fiscal ’12, as a result of efficiencies achieved at the agency over the past 23 months.
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El Amal closes 22 local stores
February 19, 2011
El Amal’s owners left only a brief note on the door to announce the closing. (Credit: © Mauricio Pascual) Local drugstore chain El Amal closed down its 22 stores Saturday, taping only a brief note on the door to explain its decision to customers. It has been reported that some 600 people will lose their […]
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CNE: Gov’t has met goal of reducing deficit, but not expenses
February 18, 2011
Sergio Marxuach (Credit: ©Mauricio Pascual) Two years after the Luis Fortuño administration declared the island in a state of fiscal emergency, and put into motion a series of cost-cutting and revenue-generating measures, the government has managed to control expenditures and reduce the structural deficit — and has piled on debt — an analysis by the […]
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Borders liquidation sales begin Saturday
February 18, 2011
Expecting it to be a “short sale,” Borders Group on Saturday will begin liquidating everything at the 200 stores it will close as part of its Chapter 11 procedure, including the Carolina and Mayagüez locations.
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Embattled coffee farmers ask gov’t for help to save, boost crops
February 18, 2011
Local coffee production has dropped by half in the last five years as the sector considered a jewel of Puerto Rican agriculture has battled against natural disasters and a lack of people interested in taking on the arduous task of picking beans.
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Private sector calls for ‘credibility reform’
February 17, 2011
If the government truly wants to help the economy move forward, aside from monitoring that all of the recently enacted reforms effectively serve their purpose, it will have to implement what private sector representatives on Thursday called a “credibility reform.”
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GDB President stepping down
February 16, 2011
GDB President Carlos García (Photo credit: ©Mauricio Pascual) Government Development Bank President Carlos García will be stepping down from his post effective March 1, the official confirmed Wednesday. He will be succeeded by Juan Carlos Batlle, another banker.García’s resignation comes two years after he accepted the job, leaving his position as COO of Santander BanCorp […]
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