Dept. of Corrections phone services provider to pay $67M in landmark settlement
February 8, 2022
GTL has denied wrongdoing of any kind as well as any liability.
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NY to accept Puerto Rico’s COVID-19 VACU ID pass on its digital platform
February 8, 2022
NYC Excelsior Pass Scanner app and Puerto Rico's VACU ID Pass and Excelsior Pass Plus are now compatible.
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Practical Techie: Crypto boom in Puerto Rico shaken by ups and downs
February 2, 2022
It’s a decade since the enactment of tax incentive rules for cryptocurrency investors in Puerto Rico and the influx of mainlanders setting up shop in town does not wane. As the boom for investors seeking capital gains relief builds up, resentment from activists gets more vocal. They complain the new crypto economy is not benefiting […]
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Puerto Rico credit union deposits up 12%, while customer base continues to expand
January 26, 2022
The Financial Stability Index for the Credit Union Industry in Puerto Rico, prepared by Estudios Técnicos Inc. (ETI), shows that conditions in this industry continued to improve in the third quarter of 2021. Economist Leslie Adames, director of ETI’S Economic Analysis and Policy Division, said “the index increased from 0.49 in the third quarter of […]
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Practical Techie: Third generation cell phones will phase out
January 26, 2022
It’s written on the digital wall: Most major telecom companies are phasing out third-generation networks by February 2022. Network providers are shutting off 3G to repurpose the finite spectrum or the airwaves allotted by the Federal Communications Commission to send wireless signals. This means cell phones that rely solely on a 3G connection are most likely to end […]
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Practical Techie: Musicians also jumping on crypto coin bandwagon
January 19, 2022
It was not exactly music to their ears for many show business entrepreneurs at the end of the last century. The initial attack that collapsed the traditional song distribution industry came from Netscape in 1999. Then it was Apple’s iTunes, followed by Spotify, and now its cryptocurrency creeping into the $65 billion music business worldwide. […]
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Child Tax Credit, Work Credit to inject $2.6B into Puerto Rico economy
January 12, 2022
More than 304,000 families could benefit this year from the Child Tax Credit (CTC) and 466,000 families from the Work Credit benefit, which together will benefit their pockets and inject up to $2.6 billion into the Puerto Rican economy, according to for Youth Development Institute of the nonprofit Espacios Abiertos (EA). Economist María Enchautegui, the […]
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Practical Techie: Optional virtual conference offerings for ’22
January 12, 2022
Virtual meetings are here to stay, but there is life beyond Zoom, Microsoft Meet, and Skype. Let’s peek at the newer virtual conference platforms to help users find for 2022 one that adjusts to their particular needs. True, Zoom is reliable for significant video calls, as Google Meet is great for regular Google Workspace users. […]
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MasTec North America sues Claro for $10M in breach of contract suit
January 10, 2022
MasTec North America Inc., a FL-based infrastructure construction company, is suing Claro Puerto Rico for $10 million in outstanding pay for the work it did to restore the telecommunications provider’s “devastated” infrastructure following Hurricane María in 2017. In a lawsuit filed last week in the US District Court of Puerto Rico in San Juan, the […]
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Practical Techie: Collectors can buy digital art or real estate with tokens
January 5, 2022
A new year, a new set of aspirations. And a new venture within the technological universe is to experiment with Non-Fungible Tokens. What? NFT, being such an unassuming commercial venture, the name does have a high-tech ring. Essentially, it has to do with blockchain technology, cryptocurrencies, etc. So, what are non-fungible tokens? NFT — These […]
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EDB: Key indicators show Puerto Rico’s economic recovery in ’21
January 3, 2022
Several positive indicators point to an economic improvement on the island during 2021 in the face of the great losses caused by the COVID-19 pandemic, Puerto Rico Economic Development Bank President Luis Alemañy said. The agency’s Center for Economic Studies — headed by Economists Gladys Medina and Juan Carlos Gonzalez — offered a rundown of […]
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Practical Techie: Tech advances flow in ’21 amid pandemic and disasters
December 29, 2021
Now that 2021 is the year that was…it was, as usual, one with many high-tech advances. Breakthroughs in digital science were not the least deterred by the cataclysmic events of these past year. So, what flows next? There are already clear insights on the horizon of technological developments for 2022 and beyond as applied to […]
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Puerto Rico among 30 jurisdictions exploring adoption of Apple Wallet digital IDs
December 28, 2021
Puerto Rico is among 30 jurisdictions that is exploring the possibility of adopting technology giant Apple’s digital ID feature, which would allow citizens to add their driver’s license or state ID to their iPhone’s digital Wallet application. The feature could go live early next year. The ID stored in the Wallet app could be used […]
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Reconstruction investments should push Puerto Rico’s economy to 2.0% growth in ’22
December 27, 2021
After a year of stabilization in the labor market and some economic sectors’ recovery following the dislocation caused by the COVID-19 pandemic, it is possible to expect a moderate economic growth of 2.0% by the end of fiscal year 2022, according to economic analysis firm Estudios Técnicos Inc. “The favorable performance of the Puerto Rico […]
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FTC, Debt.com stats show 2916% surge in identity theft in US, PR
December 23, 2021
The COVID-19 pandemic is being blamed for an increase of 2916% of identity theft reports filed in the US and Puerto Rico, mostly related to government benefits, credit cards and online sales, statistics from the Federal Trade Commission and Debt.com show. Debt.com’s data shows that 46% of people whose identity was stolen was related to […]
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