Evertec reports 8% in revenue growth to $122.5M in 2Q19
August 1, 2019
Evertec Inc. announced revenue growth of 8% to $122.5 million for the second quarter ended June 30, 2019. Adjusted earnings per common share was $0.51, an increase of 11%, while Adjusted EBITDA increased 7% to $57.8 million during the quarter. For the six months ended on the same date, Evertec posted 8% revenue growth to […]
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U.S.-China trade war means ‘shift’ for Puerto Rico, economic firm says
July 5, 2019
The trade war between the U.S. and China will mean a shift in the structure and dynamics of prices, including costlier construction costs, and increased risks of a delayed economic recovery, according to an analysis published by the H. Calero Consulting firm. In the latest edition of its “Pulse” publication, the firm says the spat […]
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Evertec to enter Chilean payments market through agreement with Banco Santander Chile
June 28, 2019
Evertec Inc. announced the signing of an agreement with Banco Santander Chile under which the Puerto Rican firm will provide acquiring processing services as well as other solutions and regional expertise as Banco Santander enters the merchant acquiring business in Chile. “We’re extremely pleased to provide our products and services to Banco Santander, the first […]
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Telemundo to stop airing signal via WORA-TV in Mayagüez by year’s end
June 27, 2019
Telemundo, one of Puerto Rico’s three main television stations, will stop retransmitting its signal through WORA-TV in Mayagüez before year’s end, this media outlet learned. This would represent a signal interruption for thousands of residents of 28 towns in the south-central-west and northwest regions, where most of the population receives the programming via over-the-air antennas. […]
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Facebook, Platzi to grant 1K programming scholarships in LatAm
June 25, 2019
Facebook and online technology training school Platzi announced that 1,000 scholarships will be awarded to residents of Brazil and Spanish-speaking countries in Latin America to contribute to the region’s talent development and economic growth. The scholarships consist of a 21-week course at Platzi and the end of the course, participants will receive certification as front-end […]
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Liberty Business absorbs Cable & Wireless operations to boost enterprise tech solutions
June 20, 2019
Liberty Business, the business market division of Liberty Puerto Rico, announced the completion of its integration with C&W Business Puerto Rico. As a result, the company is in a stronger position to provide end-to-end IT and telecommunications solutions aimed at mid and large companies, said Antonio Llona, vice president of Liberty Business, in an interview […]
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AT&T invests some $350M in 3 years to boost P.R. networks
June 18, 2019
AT&T has invested nearly $350 million in its Puerto Rico wireless and wired networks during 2016-2018, the company announced The investments boost reliability, coverage, speed and overall performance for residents and businesses. The carrier has also improved critical services that support Public Safety and first responders using the FirstNet communications platform. In 2018, AT&T made […]
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P.R. housing market on the mend after Hurricane María
June 14, 2019
Puerto Rico’s housing market improved between 2017 and 2018, after recovering from the impact of Hurricane María, showing a 78% increase in new homes sale and an 17% increase in previously owned homes, a study by the Estudios Técnicos research firm showed. However, despite the current improvement, Puerto Rico’s housing market will have to create […]
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Truenorth tech solution for Treasury Department featured in IBM case study
June 13, 2019
IBM recently highlighted Truenorth Corporation in a case study about a technology solution the Guaynabo-based company worked on for the Puerto Rico Treasury Department in the aftermath of Hurricanes Irma and María. Truenorth, along with IBM partner PSR, helped the Treasury Department develop and implement a continuous availability solution that is based on IBM z14 […]
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Pact calls for restoration of telecom services 1-6 days after an emergency
June 11, 2019
The Puerto Rico Telecommunications Bureau and the Puerto Rico Electric Power Authority signed an agreement through which they will work with service providers to expedite the restoration of services in the wake of an emergency. The agreement establishes a mechanism that assigns priority levels to energizing critical telecommunications facilities divided into three timeframes — between […]
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Access to data, security vital to remote workforce
June 10, 2019
From emails, videoconference calls to immediate access to data, remote work through multiple devices and mobile applications is part of the daily routine of today’s workforce. According to a recent report, the global mobile workforce will increase to 1.87 trillion people by 2022, which represents 42.5% of the global workforce. While the virtual digital office […]
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P.R. bankruptcy cases up 1.1% through May vs. same 5-month period in ’18
June 5, 2019
The U.S. Bankruptcy Court for the District of Puerto Rico received 3,160 petitions from January to May, when filings were up 1.1% in comparison to the same five-month period in 2018, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 1,882 of those petitions were from […]
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P.R.’s Economic Activity Index up 1.6% Y-O-Y in April
May 31, 2019
Puerto Rico’s Economic Activity Index for the month of April 2019 reflected a 1.6% increase, to 121.3, when compared to the same month in 2018, Economic Development Bank President Gerardo J. Portela said. “The EAI for April 2019 reflects a reduction of 0.1% compared to the result obtained in March this year,” he said. “The […]
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P.R.’s slight economic growth expected to ‘run out of fuel,’ economist firm says
May 28, 2019
Puerto Rico’s economy is predicted to have a base scenario of 0.5% real Gross National Product growth in Fiscal 2019 with a slight growth of 0.8% in Fiscal 2020, according to a forecast published by economic analysis firm H. Calero Consulting. In its latest edition of its “Pulse” publication, the firm says, however, that the […]
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Dept. of Homeland Security actively scouting for IT providers, interns in P.R.
May 22, 2019
If there has ever been a time for Puerto Rico’s small businesses to take their shot at becoming a provider of goods and services to the U.S. Department of Homeland Security, that time is now. In an exclusive interview with News is my Business, Soraya Correa, chief procurement officer of the mammoth agency — and […]
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