If there was one issue on most people’s minds this year was the state of Puerto Rico’s economy. Experts from all walks of life seemed to weigh in on the subject, concurring on a tough situation that has been slow to show signs of improvement.
The Federal Communications Commission has included three Puerto Rico telecommunications service providers in a nationwide pilot program that seeks to increase broadband adoption and retention among low-income consumers.
Hilton Worldwide has honored Julio Navedo, a houseman from the Doubletree By Hilton San Juan, with the company’s Spirit of CARE Award. This award designates Navedo as a top performer within DoubleTree by Hilton Hotels, the company said Thursday.
Puerto Rico Telecommunications Regulatory Board President Sandra Torres on Wednesday blasted the Legislature for ransacking the agency’s finances earlier this year, when it withdrew $10 million from a self-generated fund to balance the budget. The decision, she said, left the agency’s finances in a “precarious state.”
Online travel company Expedia Inc. revealed data Wednesday showing demand for travel to Puerto Rico on more than 140 of its sites worldwide grew 40 percent during the third quarter of 2012, compared to the previous year.
The Hispanic College Fund announced Wednesday the list of 17 Puerto Rican students that will receive scholarships sponsored by the Ford Motor Company Fund.
Effective Dec. 26, tropical music station SalSoul will move to a new frequency on the FM dial, taking over the 99.1 slot in response to a determination by the Federal Communications Commission that seeks to make way for new airwaves serving Puerto Rico’s eastern-central and western regions.
Fitch Credit Rating, the only agency that has not downgraded Puerto Rico's debt in the past week, said Tuesday the current 'BBB+' rating on the Commonwealth's general obligation bonds reflects the significant progress made by the outgoing administration in implementing widespread reforms despite economic underperformance.
Environmental education programs, organizations struggling to rescue endangered species and community proposals to combat illegal dumps, are some of the initiatives that Toyota Foundation will support this year through its environmental grant program, awarding $80,000 to various organizations Tuesday.
The U.S. Small Business Administration honored Dionisio Ortiz, president of Bayamón-based Corporate Development Solutions Inc., as “Minority Small Business Person of the Year” for the district of Puerto Rico and the U.S. Virgin Islands.
Wireless carrier Sprint announced Tuesday that it is delivering the speed, power and value of its all-new 4G LTE network to customers in six new areas in the U.S. mainland and Puerto Rico, where residents and users in Ponce, Coamo and Guayama will begin benefiting from faster speeds.
The U.S. Food and Drug Administration recently gave the go-ahead to two new drugs, Xeljanz and Quillivant XR, to treat rheumatoid arthritis and Attention Deficit Hyperactivity Disorder, respectively, the manufacturing companies announced in separate statements.
The chain of rating downgrades affecting Puerto Rico’s credit added yet another link Monday, when Moody's Investors Service cut the rating on approximately $8.0 billion of outstanding power revenue bonds held by Puerto Rico Electric Power Authority's to Baa2 from Baa1.
As the year comes to a close, Puerto Rico’s bankruptcy filings appear to be keeping the downward trend that has prevailed throughout most of 2012. Filings through November were down 8 percent year-over-year, with 9,532 cases on record at the U.S. Bankruptcy Court.
Banco Popular recently awarded $14 million in financing to float the future “Salud Eterna” project in Humacao, a complex that will house several medical offices as well as an assisted living facility for the elderly.
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