P.R.’s changing economic landscape has forced banks to retrench
February 11, 2019
Puerto Rico’s changing economic landscape will prompt banks to keep a tight grip on their activites until risks recede, an analysis by H. Calero Consulting firm concluded. The “retrenching,” as the firm called it, will likely lead banks to remain a “passive sector, one that, in the future, stands to react rather than lead the […]
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Estudios Técnicos: Reconstruction funds to drive 4.2% economic growth in ’20
February 11, 2019
The release of $1.5 billion in post-Hurricane María CDBG-DR reconstruction funds will spur a positive momentum in Puerto Rico’s economy, which should grow by 4.2 percent in fiscal year 2020, and will remain positive until 2022, according to new estimates by Estudios Técnicos Inc. “This week the [U.S.] Department of Housing announced the release of […]
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Liberty observes ‘Safer Internet Day’ for 12th year in a row
February 4, 2019
For the 12th year in a row, Liberty Puerto Rico will celebrate “Safer Internet Day” to highlight the importance of using the internet responsibly and safely, as part of its corporate social responsibility campaign “Navega con seguridad,” with several resources to help the public navigate the web safely. The event will be observed worldwide on […]
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Caribbean leaders: ‘We’re still split between Elizabeth and Isabela’
January 31, 2019
Some of the most prominent Caribbean leaders who participated in the Clinton Foundation’s two-day gathering in San Juan Wednesday agreed that the region is grossly divided, “still split between Elizabeth and Isabela.” With that, they supported their arguments that the region needs to come together more cohesively — be them U.S. mainland, French, Dutch or […]
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Liberty P.R. to increase rates on current plans effective Feb. 1
January 24, 2019
Liberty Puerto Rico will increase rates on current television and internet packages effective Feb. 1, the company announced in a notice sent to customers. However, clients choosing to switch to new plans that Liberty began offering late last year will not experience rate changes for the rest of 2019. “As part of our commitment to […]
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Economic Activity Index up 21.5% in Nov. 2018 vs. same year-ago month
January 24, 2019
Puerto Rico’s Economic Activity Index showed a 21.5 percent year-over-year growth in November 2018, the government announced. The EAI-PR released by the Puerto Rico Economic Development Bank reached a level of 120.3 in November 2018, showing a decrease of 0.1 percent compared to October 2018. The most recent results mark the third consecutive increase after […]
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Liberty LatAm settles $108.5M in hurricane-related insurance claims
January 18, 2019
Liberty Latin America has reached a settlement agreement with its third-party insurance provider for $108.5 million in net damages related to Hurricanes Irma and María last year, the company confirmed. The gross amount agreed to in December 2018 totaled $138.5 million, but Liberty deducted $30 million in self-insurance from the total amount. “We have received […]
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Espacios Abiertos, debt restructuring expert, warn about implications of COFINA deal
January 15, 2019
Nonprofit organization Espacios Abiertos exposed a number of “suspicious elements” of the proposed agreement to restructure the Puerto Rico Sales Tax Financing Corporation (known as COFINA by its initials in Spanish) debt, which U.S. District Court Judge Laura Taylor Swain will review this week. “We said it last year and we stand by it today,” […]
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Economist: Oversight Board’s 8% contraction in Fiscal ’18 incompatible with indicators
December 31, 2018
In a recently released paper, the firm predicted that while growth for the 2018 calendar year will be “0,” prospects for 2019 depend on the amount and rate of federal funds disbursed for the island’s recovery efforts.
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T-Mobile confirms deployment of small cells project, new areas covered by 600MHz
December 20, 2018
With this recent investment, T-Mobile continues to strengthen its expansion strategy in advance of arrival of 5G, in 2019 or during the first quarter of 2020.
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Liberty Puerto Rico receives 3 workplace honors
December 20, 2018
The American Psychological Association (APA) recently named Liberty Puerto Rico as one of its 2018 Psychologically Healthy Workplace Honors.
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Microsoft seeks Artificial Intelligence projects to help people with disabilities
December 10, 2018
In recent years, artificial intelligence (AI) has made industry-leading advances in many major disciplines.
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Mastercard, Microsoft join forces to improve use of digital identity
December 5, 2018
Currently, verifying an identity online is still dependent on physical or digital proof managed by a central party, whether it’s a passport number, proof of address, driver’s license, user credentials or other means.
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AT&T upgrades 460+ cell sites in P.R. to boost performance
December 5, 2018
So far, the carrier has upgraded 164 cell sites in the San Juan metro region, 128 cell sites in the north and east regions, and 174 cell sites in the central, south and west regions.
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Gov’t touts P.R. Manufacturing Index jump to 53.2 in October
December 4, 2018
A reading above the threshold level suggests an expansion in the manufacturing sector with respect to the previous month, according to the PMI data.
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