Restaurant Assoc. asks for extension of tax-exempt prepared foods
January 31, 2020
Given the emergency that Puerto Rico is experiencing as a result of the ongoing earthquakes, the Puerto Rico Restaurants Association has asked for an additional 60 days of the elimination of the Sales and Use Tax on prepared foods. Marisol Vega-Cuoto, president of the trade group known as ASORE in Spanish, said “many citizens, volunteers […]
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PR IT Cluster announces 1st ‘Call For Papers’ on industry topics
January 21, 2020
“This year, we’ve decided to make this ‘Call for Papers’ to broaden the scope of the CIO and provide a space for people who wish to exhibit on issues related to the industry,” said PRITC Board co-chairman Juan Carlos Chipi. “The selected participants will present their ideas in front of important private sector CIO’s, innovative […]
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Moody’s: Earthquakes will blunt P.R.’s economic recovery
January 15, 2020
The almost non-stop sequence of earthquakes that have rattled Puerto Rico for the better part of the last two weeks will “exacerbate the commonwealth’s challenges as it tries to rebuild its economy,” Moody’s Investors Service said in a commentary. “The events highlight the significant environmental risks faced by Puerto Rico and businesses considering investment on […]
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Liberty Puerto Rico says services are back to normal post-earthquakes
January 15, 2020
More than 90% of Liberty Puerto Rico customers islandwide already have access to their video, internet and telephony, company President Naji Khoury confirmed. The executive added that all Liberty stores and kiosks around the island are operating full-time, with the exception of the Ponce Mall store, which is closed for security reasons until further notice. […]
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Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20
January 2, 2020
The lack of progress in getting Puerto Rico’s economy back on track does not bode well for what should happen in 2020, according to an analysis by H. Calero Consulting Group Inc. “The economy needs to grow soon, or the assumptions made in negotiating with bondholders may have to be revisited. Something everyone will want […]
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Census: 50% or more of residents in 36 P.R. towns live in poverty
December 20, 2019
During the 2014-2018 period, 50% or more of the population in 36 of Puerto Rico’s 78 municipalities lived in poverty. Of those 36 towns, in six of them — Maricao, Guánica, Adjuntas, Lajas, Jayuya and Comerío — the level of poverty reached between 60% to 64%, according to the latest statistics revealed in the U.S. […]
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P.R.’s economic activity index shows slight growth
December 18, 2019
The Puerto Rico Economic Development Bank’s Economic Activity index reached 121.6 in October 2019, a 0.4% increase compared to October 2018, the first positive growth after four year- over-year consecutive declines, and a 0.3% rise when compared to September 2019. The annual comparison is with respect to October 2018, when electricity was restored to those […]
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Claro Puerto Rico notifies FCC of plans to replace copper infrastructure
December 11, 2019
Claro Puerto Rico has filed a certification at the Federal Communications Commission of its plans to retire its copper infrastructure at dozens of locations islandwide, starting in March 2020, this media outlet learned. Claro intends to retire copper distribution and copper loop facilities where it has deployed or plans to deploy fiber-to-the-premise as a replacement, […]
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Analysis: Mistaken assumptions on recovery funds could stump P.R.’s future growth
December 9, 2019
The Financial Oversight and Management Board for Puerto Rico’s admission that there will be significantly less federal recovery money flowing into the island could stump the island’s future growth and debt restructuring talks, an analysis by the H. Calero Consulting firm stated. Recently, the Oversight Board confirmed that the island would get about $30 billion […]
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T-Mobile launches 5G network across P.R., Vieques and Culebra
December 3, 2019
T-Mobile announced the launch of Puerto Rico’s first 5G wireless network, which blankets areas in every town, including Vieques and Culebra, Jorge Martel, general manager of the island’s operation, confirmed. Puerto Rico became one of the first markets in the U.S. mainland, and the world, to offer 5G technology, he said. “Today T-Mobile fulfills its […]
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Gov’t assigns $100K for student trainings on IoT, robotics, entrepreneurship
November 29, 2019
For the second consecutive year, the Department of Economic Development and Commerce announced the allocation of $100,000 from its Special Economic Development Fund, for 60 young people to participate in the IOTeen Eco Technology and Business Education Project, aimed at training them to master skills related to the Internet of Things (IOT), robotics and entrepreneurship. […]
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FCC issues $34K in fines against 2 local co.’s for interfering with doppler radar
November 15, 2019
The Federal Communications Commission issued two separate fines totaling some $34,000 against two local companies — WinPR Inc. and Caribbean Network Solutions Inc. — for operating systems that cause interference to the doppler weather radar in San Juan. In the notice informing WinPR’s $25,000 penalty, the FCC said it was for “willfully operating two Unlicensed […]
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FCC sets Dec. 9 deadline to apply for $258.8M in recovery funding
November 8, 2019
Telecommunications service providers in Puerto Rico and the U.S. Virgin Islands have until Dec. 6, 2019 to apply for support through the Federal Communications Commission’s $258.8 million allocation to rebuild and expand 4G LTE and 5G technologies for voice and broadband service in the aftermath of Hurricanes Irma and María. In an order, the FCC’s […]
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ICANN returns to P.R. to hold 1st public meeting of ’22
November 8, 2019
The Internet Corporation for Assigned Names and Numbers (ICANN) announced that San Juan has been selected as the location for the first ICANN Public Meeting of 2022. ICANN73 will be held March 5-10, 2022 at the Puerto Rico Convention Center, organization officials said. ICANN holds three public meetings each calendar year in different regions of […]
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T-Mobile to light up 5G on Dec. 6, vows to ‘transform’ wireless service
November 8, 2019
Wireless carrier T-Mobile announced plans to light up nationwide 5G on Dec. 6, covering more than 200 million Americans and more than 5,000 cities and towns across the country, including areas in Puerto Rico. In a press release, the carrier also unveiled a three-pronged strategy for customers to make the most of the next-generation network […]
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