Expert: Labor reform, expanded tourism would steer P.R. economy forward
June 4, 2018
The Puerto Rican economy would get a full point of economic growth with proper labor market reforms, and would largely benefit from an expanded tourism industry, which currently represents 6 percent of the island’s GNP.
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FCC OKs additional funding to restore communications networks in PR/USVI
May 30, 2018
The Federal Communications Commission approved additional immediate funding to accelerate the restoration of communications networks in Puerto Rico and the U.S. Virgin Islands that were damaged and destroyed during the 2017 hurricane season, it confirmed.
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Fusionworks reinvents itself with new corporate image, expansion to FL, DR
May 21, 2018
Puerto Rican business and technology consulting firm, Fusionworks, launched a new corporate image after completing 16 successful years in the local market and expanding operations to the Dominican Republic and Florida.
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P.R. economic activity shows 2.6 percent drop Y-O-Y in March
May 11, 2018
Puerto Rico’s Economic Activity Index, released by the Economic Development Bank, reached a level of 119.3 in March.
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Liberty P.R. expects to have ‘full connectivity’ by June; lost $45M in revenue post-storms
May 10, 2018
Liberty Puerto Rico has restored 80 percent of its infrastructure, ravaged by Hurricanes Irma and María last September, and expects to be fully back online by June, after investing $130 million in repairs.
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Oracle study: 77% of consumers ‘fed up’ with bad customer service
May 9, 2018
A new survey commissioned by technology company Oracle shows that consumers are fed up with poor customer engagement experiences and outdated approaches to customer service, with 68 percent noting they would buy more from brands that put “service” back in customer service.
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EVERTEC reports $23M in net income for 1Q18
May 2, 2018
EVERTEC Inc. announced results for the first quarter ended March 31, 2018, including net income attributable to common shareholders of $23 million, or $0.31 per diluted share flat, when compared with the prior year.
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P.R. IT Cluster to hold 5th annual info tech industry conference
May 2, 2018
The Puerto Rico Information Technology Cluster (PRITC) will host its 5th annual “CIO & IT Leadership Conference” on May 11.
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T-Mobile, Sprint to merge; P.R. Telecom Regulatory Board to comment to FCC
April 30, 2018
Wireless carrier T-Mobile U.S. announced an agreement to buy the assets and operations of Sprint Corp., in an all-stock transaction worth about $60 billion.
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P.R.’s economic activity down 4.2% year-over-year in February
April 24, 2018
Puerto Rico’s Economic Development Bank released the Economic Activity Index for the month of February 2018, which revealed a reduction of 4.2 percent, compared to the same month in 2017.
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Hurricane María, a ‘game changer’ for P.R.’s economic forecasts
April 23, 2018
Hurricane María caused historic record damages in infrastructure and business interruption, impacting all dimensions of the economy, including the labor market, the energy sector, tourism, public finances, destruction and damages of homes as well as causing massive outward migration, mostly to the U.S. mainland.
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Banking exec Carrión: ‘We have to see about rebuilding P.R. differently’
March 21, 2018
Puerto Rico needs to attack a series of urgent needs to rebuild the island in the wake of Hurricane María, as well as find ways to incorporate more people into the workforce, said Prominent banking executive Richard Carrión.
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CPA’s unveils roadmap for P.R.’s long-term sustainable development
March 16, 2018
The CPA Foundation unveiled the results of a study providing suggestions for Puerto Rico’s reconstruction and long-term sustainable development that focuses on six specific pillars moving forward.
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FCC Chair Pai says recovery funding to P.R. to be allocated by towns
March 8, 2018
Federal Communications Commission Chairman Ajit Pai said the funding the agency is proposing to assign Puerto Rico will be disbursed on a competitive basis by geographic area, or towns, to repair and restore telecom networks and services destroyed by Hurricane María.
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Lawmaker files bills to ensure ‘Net Neutrality’ in P.R.
March 7, 2018
Sen. Aníbal José Torres announced the filing of several legislative measures to guarantee the concept of “Net Neutrality” in Puerto Rico, so that consumers can surf a restriction-free internet.
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