Practical Techie: The push for smart thinking machines
May 26, 2021
It’s not easy to foresee things but the Practical Techie likes to peer out into the near future now and then to speculate about what technological advances will come our way. First, a few facts about the present. As it is well known, artificial Intelligence is the strongest development now in terms of high-tech research […]
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Puerto Rican businesses, consumers ‘optimistic’ on economic recovery post COVID-19
May 21, 2021
The word “optimism” was repeated a number of times during the Puerto Rico Chamber of Commerce’s presentation of the 2021 studies establishing the level of confidence by local entrepreneurs and consumers. In both cases, the research concluded that there are high expectations for improved economic conditions moving forward. While economic analysis firm Estudios Técnicos prepared […]
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Gov. Pierluisi convenes advisory group to evaluate Puerto Rico’s minimum wage
May 20, 2021
Looking to evaluate Puerto Rico’s minimum wage and to promote a possible increase from the current $7.25 hourly rate, Gov. Pedro Pierluisi has convened the Governor’s Advisory Group on the Minimum Wage, which will be chaired Chief of Staff Noelia García and will integrate members of the public and private sectors. “Wage inequality is one […]
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Estudios Técnicos: Keeping track of the risk of inflation in Puerto Rico
May 18, 2021
The fear of an inflationary wave in the United States has implications for Puerto Rico, precisely because the island’s prices are largely determined by what happens stateside. Puerto Rico’s inflation rate has been rebounding since October 2020, although during the first quarter of 2021, the Consumer Price Index (CPI) remained at a rate slightly below […]
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Practical Techie: Ultra-connections, in 5 yrs. all things will connect to most humans
May 18, 2021
In just a few years there will be almost five billion people connected to the global Web. Objects and humans will share countless types of microelectronic connections. Let’s fast forward a bit to 2026. Beyond its too risky to surmise with precision. Shortly, even wine bottles will have track and temperature sensors. So will do […]
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WorldNet marks 25th anniversary with 28% revenue growth
May 13, 2021
WorldNet Telecommunications, founded in San Juan in 1996, is marking its 25th anniversary with a string of accomplishments, including an increase in revenue of 28% and of 86% in accounts at the end of its fiscal year, it announced. The success is attributed to “sales efforts, product development and the acquisition of some commercial assets […]
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FCC green-lights 2 wireless providers to deploy more spectrum in Puerto Rico
May 10, 2021
The Federal Communications Commission (FCC) has given the go-ahead to Federated Wireless Inc. and Key Bridge Wireless LLC — two companies that will work to deploy more wireless spectrum in Puerto Rico, based, for the first time, on the 3.5 GHz band. In a release, the regulatory agency said the approval will make the “critical” […]
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Liberty Puerto Rico nearly triples revenue in 1st full quarter after AT&T acquisition
May 7, 2021
Liberty Puerto Rico reported a combined revenue of $361.3 million during the first quarter of the year, a growth that benefited from the inclusion of AT&T’s wireless and wireline operations. When compared with the same year-ago quarter, when $104.6 million in revenue was reported, the current figure represents a 245% jump, according to the company’s […]
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Jobs in San Juan down 7.3% Y-O-Y in Sept. ’20, Bureau of Labor Statistics says
May 6, 2021
Employment in Puerto Rico’s only large county, the municipality of San Juan, decreased 7.3% from September 2019 to September 2020, the US Bureau of Labor Statistics confirmed. Large counties are defined as those with 2019 annual average employment of 75,000 or more. Chief Regional Economist Martin Kohli noted that in September 2020, San Juan’s employment […]
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7th edition of CIO & IT Leadership Conference will take place virtually
May 6, 2021
The Puerto Rico Information Technology Cluster (PRITC) announced that it will hold the 7th edition of its CIO & IT Leadership Conference — this time virtually — on May 14. This conference is known for “being the most important and popular main platform of the island’s computer industry,” organizers said. One of the main issues […]
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eBay reports a double-digit percentage growth in Puerto Rican sellers
May 5, 2021
Online marketplace platform eBay has reported a significant increase in Puerto Rican sellers by a double-digit percent. The products vary significantly, many of them were previously absent from the website before the pandemic. The company did not reveal the exact growth figure, in numbers. “2020 changed our entire way of living, consuming, and doing business, […]
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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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