Crowley joins list of private-sector supporters of HR870
July 14, 2015
Maritime shipping company Crowley recently added its name to a long list of private-sector companies that have thrown their support behind HR 870, known as the Puerto Rico Chapter 9 Uniformity Act of 2015, which seeks to extend bankruptcy protection to the island’s public instrumentalities.
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Analyst: Minimum wage, Jones Act cripple P.R. economy
July 10, 2015
WASHINGTON — When it comes to Puerto Rico’s fiscal crisis, Washington is just as much to blame as San Juan.
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Leading economist: Growth essential to P.R.’s recovery
July 10, 2015
The loss of Section 936 tax breaks, combined with overly indulgent local labor laws and a federal policy that encourages people to stay on the dole rather than work, have all contributed to Puerto Rico’s current fiscal nightmare.
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Puerto Rico youth pursuing better salaries, promotions
July 9, 2015
A recent study by Universia shows that 39 percent of Puerto Rico’s youth and student population is looking to improve their salaries, while 23 percent are looking to get promoted.
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H. Calero: Migration, cash crunch to limit econ. growth
July 6, 2015
Two significant problems Puerto Rico is currently dealing with — a significant migration and a government cash crunch — will limit economic growth for at least five years, local economist firm H. Calero Consulting concluded in the most recent edition of its “Pulse” publication.
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Puerto Rico bankruptcies +3% in June, -7% so far in ’15
July 2, 2015
Island bankruptcy cases for the month of June were up 3 percent, with total liquidation cases filing leading the pack, a preliminary tally from Boletín de Puerto Rico released Wednesday showed.
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Puerto Rico to host ICANN conference in fall of 2016
June 29, 2015
The Internet Corporation for Assigned Names and Numbers, known as ICANN, will host its third public meeting of 2016 in Puerto Rico, from Oct. 29 to Nov. 4, the organization announced late last week.
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Congress to hold hearing on FCC pitch to close offices
June 8, 2015
The U.S. House Subcommittee on Communications and Technology, chaired by Rep. Greg Walden (R-OR), has scheduled a hearing for June 11 to review the Federal Communications Commission’s proposal to close 16 of 24 field offices, including the one in Puerto Rico.
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Liberty Global, Searchlight close Choice Cable TV deal
June 4, 2015
Just shy of six months after announcing its intentions, Liberty Cablevision of Puerto Rico LLC confirmed Wednesday the closing of the acquisition of Puerto Rico Cable Acquisition Company Inc., which does business on the island as Choice Cable TV.
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Planning Board: P.R. economic growth at -1.3% in FY ’15
June 1, 2015
Puerto Rico Planning Board President Luis García-Pelatti told lawmakers over the weekend that the island will experience negative economic growth of 1.3 percent and 4.2 percent, respectively in Fiscal 2015 and 2016, when the scenario is looked at from a pessimistic point of view.
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PRMA suggests remedial steps for gov’t fiscal problems
May 29, 2015
During the opening day of its annual convention Thursday, the Puerto Rico Manufacturers Association delivered a list of recommendations — including cutbacks, government restructuring and fiscal measures — to administration officials, in hopes of doing its part to help the island pull out of its economic crisis.
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T-Mobile pursuing growth despite economic scenario
May 28, 2015
Puerto Rico’s wireless sector has been stagnant since 2011, with five carriers fiercely competing for their wedge of a market that reflects an 89 percent penetration rate — well below many jurisdictions in the Americas.
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Codetrotters Academy to train P.R.’s ‘hacker’ talent
May 28, 2015
By 2020 there will be 1 million more computing jobs in the United States than students graduating in those fields, the latest figures from the U.S. Bureau of Labor Statistics show.
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WorldNet, Microsoft bring ‘Skype for Business’ to island
May 22, 2015
Software giant Microsoft on Thursday announced it has certified locally-owned telecommunications provider WorldNet to offer the “Skype for Business” product, which extends to organizations and government entities a complete unified communications solution, combined with the security, expertise, and support that businesses require.
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Microsoft marks 25 years in Puerto Rico, looks to future
May 21, 2015
Microsoft senior executives and government officials gathered Wednesday to celebrate the software giant’s 25th anniversary in Puerto Rico, a history marked by innovation and collaboration to accelerate the growth of the local IT industry and advance socio-economic development.
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