‘Net neutrality’s’ effect uncertain on P.R.’s telecom sector
March 2, 2015
The effects of the recently approved “net neutrality” will have on Puerto Rico’s telecommunications industry are still uncertain, because the public and private sectors are holding off until the official order is released to either celebrate or voice their opposition, this media outlet learned.
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Census: P.R. manufacturing shipments drop 4.5% in ’12
March 2, 2015
Puerto Rico's overall manufacturing sector reported $76.6 billion in total value of shipments for 2012, down 4.5 percent from $80.2 billion in 2007, according to the U.S. Census Bureau's Economic Census of Island Areas.
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Senate to vote on ‘anti-Uber’ bill that skipped hearings
March 2, 2015
The Puerto Rico Senate will put to a vote today Bill 1209, which seeks to establish public policy and regulate the operation of mobile application-based transportation network companies, or TNCs such as San Francisco’s Uber, in Puerto Rico.
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Costa Rica wants to expand ties with U.S., Caricom, P.R.
March 2, 2015
WASHINGTON — Costa Rica wants to expand its trade ties with the 15-member Caribbean Community (Caricom) as well as with Puerto Rico, said the country’s foreign minister, Manuel Antonio González-Sanz, during a visit to the United States last week. González was in Washington to meet with his U.S. counterpart, Secretary of State John Kerry, for the […]
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Zeno Gandía Credit Union marks 60th anniversary
March 2, 2015
The Dr. Manuel Zeno Gandía Credit Union recently marked six decades of doing business in Puerto Rico, where the cooperative movement has continued growing despite the protracted fiscal crisis.
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Medtronic grants $300K in health funds to local entities
March 2, 2015
As part of its 40th anniversary celebration on the island, Medtronic Puerto Rico awarded $300,000 in health grants to five Puerto Rican nonprofit entities to support them in their quest to increase access to the treatment of chronic diseases in disadvantaged communities.
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Meet Puerto Rico promotes events industry in Colombia
March 2, 2015
Colombia and Puerto Rico recently tightened trade relations in the groups and conventions segment, with a presentation by Meet Puerto Rico to more than 80 travel and tourism business professionals from Colombia, said Milton Segarra, president of the agency also known as the Puerto Rico Convention Bureau.
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ALPFA hosts excel workshop for college students
March 2, 2015
The Puerto Rico chapter of the Association of Latino Professionals for America, known as ALPFA, recently hosted its second annual Excel workshop program during which a group of undergraduate students from different universities had the opportunity to learn the software program.
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FDIC, OCIF order closing of Puerto Rico’s Doral Bank
February 27, 2015
Following weeks and months of speculation about its fate, the Puerto Rico Office of the Commissioner of Financial Institutions and the Federal Deposit Insurance Corporation, announced Friday the closing of Doral Bank’s local and stateside operations.
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Giuliani: P.R. must focus on security for economic dev’t
February 27, 2015
Former New York City Mayor Rudy Giuliani urged Puerto Rico leaders to place making the island a secure place to visit, live and do business a top priority, because it will ultimately lead to economic development.
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P.R. needs laws to restructure public debt, investor says
February 27, 2015
Hedge fund manager Mohnish Prabai, who last year established an investment firm in Old San Juan, said Thursday Puerto Rico will find a “huge competitive advantage” in having the necessary legal tools to be able to restructure public debt.
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Puerto Rico’s bid for Ch. 9 inclusion heard in Congress
February 27, 2015
The U.S. House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law held a hearing Thursday on H.R. 870, known as the “Puerto Rico Chapter 9 Uniformity Act of 2015,” which drew a bi-partisan delegation from the island to express support for inclusion.
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FCC, REGULATEL sign MOU to manage regional efforts
February 27, 2015
The Latin American Forum of Telecommunications Regulators, known as REGULATEL, and the Federal Communications Commission’s International Bureau recently signed a memorandum of understanding to establish a cooperative relationship between both organizations to direct regional initiatives.
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Golden Mile building The Hato Rey Center, to be updated
February 27, 2015
Puerto Rico’s financial district will have a key player, The Hato Rey Center, renovated and brought up-to-date with state-of-the-art equipment, and its façade brought back to its original grandeur, building owner NAI Puerto Rico said Thursday.
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FDIC, Court deliver twin blows to ailing Doral Bank
February 26, 2015
Doral Bank was on the receiving end of major blows by the Federal Deposit Insurance Corp. and the Appellate Court Wednesday, just before it's time as a member of Puerto Rico’s financial community could come to an end.
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