Fitch upgrades Liberty Puerto Rico’s credit rating, as it launches co-branding campaign
May 3, 2021
Liberty Puerto Rico recently got a boost from Fitch Ratings, which upgraded its revolving credit and other financial tools, while affirming its long-term outlook, News is my Business confirmed. The company, which over the weekend entered the co-branding stage of its integration process with AT&T Mobility Puerto Rico, which it acquired last year. As part […]
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Evertec sells box office service Ticketpop to rival Ticketera
April 30, 2021
As part of a strategic move to continue strengthening its focus on offering financial technology in the Puerto Rico and Latin American markets, Evertec announced the sale of its box office division, Ticketpop, to rival Ticketera, which specializes in online event ticket sales. The financial terms of the deal were not disclosed. “It hasn’t been […]
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Evertec reports revenue increase of 14% to $139.5M in 1Q21
April 30, 2021
Financial technology firm Evertec announced results for the first quarter ended Mar. 31, 2021, which included a revenue increase of 14%, to $139.5 million, benefitting from volume growth and continued increase of digital solutions in Puerto Rico as well as the new client contracts in Latin America. The current revenue compares with $121.9 million reported […]
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Puerto Rico’s population shrinks by 11.8% since 2010
April 27, 2021
The U.S. Census Bureau disclosed that Puerto Rico’s resident population was 3,285,874 as of April 1, 2020, down 11.8% from 3,725,789 people included in the 2010 Census. “We’re proud to release these first results from the 2020 Census today. These results reflect the tireless commitment from the entire Census Bureau team to produce the highest-quality […]
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Puerto Rico’s economic activity shows slight growth in Jan-Feb ’21, but tumbled Y-O-Y
April 27, 2021
Puerto Rico’s economic activity showed slight growth in January and February 2021, with 118.8 and 119.3 points, respectively, but took a tumble year-over-year with drops of 3.2% in January and 2.3% in February 2020. Puerto Rico Economic Development Bank President Luis Alemañy said the Economic Activity Index (EAI-BDE) analysis period includes the months when the […]
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Puerto Rico’s average yearly salary hovers at $25,332, study shows
April 20, 2021
Puerto Rico’s average worker makes about $25,332 a year, according to a study by the Census Information Center of the University of Puerto Rico in Cayey, based on numbers from the US Census for 2017. The Center’s Director, Economist José Caraballo-Cueto, explained that the most recent economic Census provides data on a cross-section of private […]
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Practical Techie: Sense of touch is soon coming to our virtual worlds
April 20, 2021
Web technology makes continuous inroads into physical reality, this time attempting to replicate one of our most precious senses: the human touch. Touch gives us a deeper understanding of things, which cannot be fully experience by sight, or hearing. The task ahead is to replicate as much of its real life tact authenticity into machines. […]
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Puerto Rico’s banking industry reflects strength in liquidity, capital
April 16, 2021
The Financial Stability Index for Puerto Rico’s banking industry, prepared by Estudios Técnicos, Inc. (ETI), shows that the industry’s liquidity and solvency remain strong despite the current economic environment. “The financial stability index for Puerto Rico’s banking industry has recovered after declining from 0.64 in the fourth quarter of 2019 to 0.54 in the first […]
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Practical Techie: FBI warns of weird videoconferencing hack
April 14, 2021
Cyber criminals have no limits to their evil and no lack of creativity, either. A year after the onslaught of the COVID-19 pandemic a weird, malicious form of cyber kidnappings is occurring in the unlikeliest of venues: the virtual classroom. The bad guys call their villainy “zoom-bombing.” A recent announcement by the FBI alerted unsuspecting internet users […]
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T- Mobile unveils #5GFORAll plan, as it blankets 80% of Puerto Rico
April 9, 2021
Wireless carrier T-Mobile will be giving customers a free upgrade to 5G through its #5GFORAll plan, as it continues to expand its next-generation network across Puerto Rico. The carrier has achieved more than 80% of network coverage in all areas of the 78 municipalities, including Vieques and Culebra in the past year. Jorge Martel, general […]
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HughesNet expands Puerto Rico footprint to serve increased demand for broadband
April 7, 2021
Satellite technologies and networks provider Hughes Network Systems LLC announced it has secured additional capacity over Puerto Rico for its HughesNet satellite internet service. The capacity increase — on the existing Hughes 63 West satellite payload — seeks to improve customer experience for current HughesNet subscribers across Puerto Rico and enable Hughes to serve more […]
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Practical Techie: Maps by Google add useful eco-friendly data
April 7, 2021
Google has become more environmentally friendly with its map platform, adding some 100 new features, all powered by artificial intelligence. The improvements include real-time views (Live View) of streets and landscapes with climatic and environmental factors, announced Carlos M. Rivera-Cuesta, of Partners Communications, a Google spokesperson in Puerto Rico. “Live View uses augmented reality data […]
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Coro Global Inc. unveils app in Puerto Rico that allows transacting in gold
April 5, 2021
Florida-based fintech firm Coro Global Inc. announced that its subsidiary Coro Corp., has been granted a US Money Transmitter license in Puerto Rico, allowing it to launch its CORO mobile payment app to the island, allowing users to exchange, send and save gold and dollars. Coro Global is “on a mission to support people in […]
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Practical Techie: The mazes of the Dark Web are intricate and bizarre
March 31, 2021
Warning. Read this column at your own risk. Temptations may arise for the reader to embark on risky adventures into the darkest domains of the Internet. The Deep Web has many names, but it is the one and the same dark, almost inaccessible “place.” A mysterious, not easily navigated electronic realm, a depository of all […]
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Puerto Rico’s short-term rental community sees revenue growth amid pandemic
March 29, 2021
Quibble Revenue Management for Vacation Rentals, a company that has designed software that uses science-based optimization and technology to help the island’s short-term rental community set their pricing strategies, has seen an increase in monthly revenue by 24% to 34% since October 2020. This growth was confirmed by the firm founded in August 2020, which […]
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