Execs: Oversight board may include econ. dev. aspects
March 4, 2016
Leaders of the Puerto Rico Private Sector Coalition signaled that the group’s lobbying efforts have made progress in convincing members of Congress and the White House to add a measure of “economic development authority” to the expected fiscal oversight board to be imposed on the Commonwealth government.
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AT&T settles disability discrimination suit, to pay $250K
March 3, 2016
Wireless carrier AT&T will pay $250,000, reinstate an employee, and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency announced Wednesday.
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Velasco: Fiscal rule+oversight board, key to P.R. revival
March 3, 2016
The man who once ran Latin America’s healthiest economy has some advice for Puerto Rico: adopt a “fiscal rule” that slashes debt by setting surplus targets over the long term so the commonwealth has room to spend more during recessions.
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Study: P.R. at high risk for shipping, billing fraud
March 3, 2016
Puerto Rico is among seven U.S. jurisdictions with a higher-than-average rank for shipping and billing fraud attacks, according to a recently released study by global information services company Experian.
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D.C. forum to explore fiscal responsibility law for P.R.
March 1, 2016
Chile’s former finance minister and an ex-lieutenant governor of New York will be among five panelists appearing Wednesday in Washington, D.C., to discuss how a Fiscal Responsibility Law (FRL) might help stabilize Puerto Rico’s public finances and overhaul the island’s fiscal infrastructure.
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Telecom Board, FCC join to advance broadband services
March 1, 2016
The heads of the Puerto Rico Telecommunications Regulatory Board and the Federal Communications Commission met last week to coordinate a joint agenda to promote faster and better access to broadband communications services on the island, through a $4 million annual allocation.
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AEI panelists ponder what’s next for P.R.’s economy
February 25, 2016
Puerto Rico’s fiscal crisis is the direct result of poor governance and mismanagement, and an inefficient welfare system and over-regulation is only making things worse, argued a five-member expert panel meeting in Washington.
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EVERTEC gets go-ahead to close on Processa deal
February 23, 2016
Six months after announcing the deal, EVERTEC announced it received U.S. federal bank regulatory approval for the acquisition of 65 percent of the share capital of Processa S.A.S., a Colombian payment processing company that is based in Bogota.
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Telecom Board shoots down PrepaNet in Liberty case
February 22, 2016
The Puerto Rico Telecommunications Regulatory Board on Friday shot down the Puerto Rico Electric Power Authority’s claims that the regulator lacks jurisdiction in a fight over rates and access to public utilities launched last year by Liberty Cablevision of Puerto Rico.
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P.R’s Spotery to compete in pitch competition at SXSW
February 22, 2016
Puerto Rico based startup Spotery has been selected as one of 10 startups to participate in the SXAmericas’ first pitch competition dedicated to startups from South America, the Caribbean, Spain, and Portugal on Mar. 14, in Texas.
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T-Mobile grows 10% in ’15, as PR mobile sector shrinks
February 19, 2016
T-Mobile Puerto Rico executives said Thursday the wireless carrier experienced a 10 percent growth on the island in 2015, while the industry as a whole shrank by 2 percent.
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20 years later, Telecom Reform Act delivers on promise
February 16, 2016
The telecommunications industry is marking the 20th anniversary of the Telecom Reform Act of 1996, which in Puerto Rico sparked unprecedented levels of competition in a sector formerly dominated by a single carrier and astronomical calling rates.
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Effects of tax switch sets off debate between economists
February 9, 2016
The switch-over from a B2B IVU to a B2B IVA should not raise consumer prices nor costs to business, according to Economist Vicente Feliciano, president of Advantage Business Consulting.
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Study: P.R., Kansas effect highest sales tax hikes in ’15
January 28, 2016
Puerto Rico and the state of Kansas implemented the most significant sales tax rate increases in 2015, according to the annual sales tax rate study released Wednesday by corporate tax solutions provider Vertex Inc.
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Telecom Board data shows drop in phone lines in P.R.
January 25, 2016
The most recent data released by the Puerto Rico Telecommunications Regulatory Board shows a slight drop in active telephone lines — counting wireless and fixed services — in comparison to last year.
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