Choice Cable launches 30 channels from Olympusat
March 21, 2013
Choice Cable TV announced Wednesday the availability of a full line-up of more than 30 channels from Olympusat, a U.S. based media and entertainment company.
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Fitch cuts Puerto Rico credit to near junk
March 20, 2013
Fitch Ratings downgraded Puerto Rico’s debt to 'BBB-' from 'BBB+, a notch above “junk,” following the decisions by its colleagues at Moody’s and Standard & Poor’s in recent weeks.
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Thomas: ‘Labor Dept. is Puerto Rico’s largest employment agency’
March 20, 2013
The Puerto Rico Labor Department is the island’s largest employment agency, but generally speaking, that is not something it is known for. For that reason, Labor Secretary-designate Vance Thomas will be placing special emphasis on the service, which last year had a listing of nearly 25,000 jobs available to fill.
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E-Loan expands personal finance education via Facebook
March 20, 2013
E-Loan, a wholly owned subsidiary of Popular Inc., announced Tuesday the “Wish and Win” Facebook sweepstakes, giving away $15,000 in personalized prizes to “help fans’ financial dreams come true.”
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TRB president, member hit with ethical complaints
March 19, 2013
Former Supreme Court Judge José Andréu-García filed Monday separate complaints before the Puerto Rico Justice Department and the Government Ethics Office against Telecommunications Regulatory Board President Sandra Torres over her alleged participation in cases related to Puerto Rico Telephone, her former employer.
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Puerto Rico jobless rate pegged at 14.6% in Jan.
March 19, 2013
Puerto Rico’s seasonally adjusted unemployment rate in January was 14.6 percent, representing a drop of 0.7 percentage points when compared to the same month last year, when it stood at 15.3 percent, Labor Secretary-designate Vance Thomas said Monday.
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AT&T announces 3 new mobility bundles
March 19, 2013
AT&T is helping businesses “raise the productivity bar” with expanded choices of shared data plans. Starting March 22, AT&T will offer larger Mobile Share plans, new Mobile Share – Data (only) plans, and new Business Pooled Nation for Data plans.
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Puerto Rico companies, gov’t agencies owe Labor $378M
March 18, 2013
The Puerto Rico Labor Department is going after companies and government agencies that have failed, for whatever reason, to make their unemployment insurance payments for the past five or six years and now owe a combined $378 million, agency Secretary-designate Vance Thomas confirmed.
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Puerto Rico doctors to deliver healthcare to BVI residents
March 18, 2013
The Puerto Rican medical community will be delivering medical services and care to British Virgin Islands residents through a collaboration agreement struck last week between the HIMA Health group and the BVI’s Health Services Authority, and with the support of the Puerto Rico State Department.
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SME Puerto Rico seeks student mentors
March 18, 2013
The Puerto Rico Sales and Marketing Executives Association is seeking participants for its Student Mentoring program as part of its upcoming annual convention slated for April 3-5.
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Popular Inc. CEO Carrión moves up in NY Fed board
March 15, 2013
The Federal Reserve Bank of New York announced Friday that Popular Inc. President Richard Carrión has been elected a Class A director for a three-year term representing Group 1 which consists of banks with capital and surplus of more than $1 billion.
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Puerto Rico GDB, Treasury: S&P action is ‘wake-up call’
March 15, 2013
High-ranking government officials said Thursday that the decision by Standard & Poor’s a day earlier to slash Puerto Rico’s credit rating to near-junk status was “not a surprise” given the persisting grim economic scenario, but in its analysis the agency is giving the current administration “room to tackle the general fund deficit.”
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GDB hosting investor day in NY next week
March 15, 2013
The Government Development Bank will be hosting a “Puerto Rico Investor Day” event in New York next week, to give backers a one-on-one opportunity to meet with senior members of the island’s fiscal team.
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Modernization of busy Guaynabo junction to start
March 15, 2013
Construction of the $19 million mega project to revamp the busy Caparra Interchange System— where roads PR-2, PR-22 and PR-20 converge in Guaynabo — will begin Monday, local and federal government officials announced Thursday.
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EVERTEC reports $341.7M in ’12 revenue, up 6% vs. ’11
March 15, 2013
EVERTEC Group, LLC reported Thursday consolidated results for the fourth quarter and year ended December 31, 2012, reporting $91 million and $341.7 million for each respective period. Both results were up 6 percent year-over-year, company executives said.
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