‘Net neutrality’s’ effect uncertain on P.R.’s telecom sector
March 2, 2015
The effects of the recently approved “net neutrality” will have on Puerto Rico’s telecommunications industry are still uncertain, because the public and private sectors are holding off until the official order is released to either celebrate or voice their opposition, this media outlet learned.
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Census: P.R. manufacturing shipments drop 4.5% in ’12
March 2, 2015
Puerto Rico's overall manufacturing sector reported $76.6 billion in total value of shipments for 2012, down 4.5 percent from $80.2 billion in 2007, according to the U.S. Census Bureau's Economic Census of Island Areas.
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Giuliani: P.R. must focus on security for economic dev’t
February 27, 2015
Former New York City Mayor Rudy Giuliani urged Puerto Rico leaders to place making the island a secure place to visit, live and do business a top priority, because it will ultimately lead to economic development.
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P.R. needs laws to restructure public debt, investor says
February 27, 2015
Hedge fund manager Mohnish Prabai, who last year established an investment firm in Old San Juan, said Thursday Puerto Rico will find a “huge competitive advantage” in having the necessary legal tools to be able to restructure public debt.
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FCC, REGULATEL sign MOU to manage regional efforts
February 27, 2015
The Latin American Forum of Telecommunications Regulators, known as REGULATEL, and the Federal Communications Commission’s International Bureau recently signed a memorandum of understanding to establish a cooperative relationship between both organizations to direct regional initiatives.
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Critical Hub extends Optico Fiber broadband service
February 25, 2015
Broadband service provider Critical Hub announced Tuesday it has opened more than 25 Optico Fiber “fiberhoods” in the San Juan area to provide gigabit-speed Internet.
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Economists: Don’t tax education, fiscal growth plan vital
February 24, 2015
Several prominent Puerto Rican economists urged lawmakers on Monday to exempt educational institutions from the proposed 16 percent value-added tax being discussed as part of a sweeping tax reform for the island.
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Experts: Broadband use should be economic indicator
February 18, 2015
Puerto Rico needs to consider integrating broadband use as one of its key economic indicators — beyond cement production and energy consumption — to promote business expansion and the development of new initiatives to create jobs, generate tax revenue and even increase real estate values, public and private sector industry representatives said Tuesday.
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Economist: ’14 turbulent, but ’15 will be decisive for P.R.
February 17, 2015
The effects of the current administration’s value-added tax proposal as part of a sweeping tax overhaul and the “liquidity time bomb” of the Government Development Bank will make 2015 a “decisive year” for making harsh decisions, analyst firm H. Calero Consulting predicted in the latest edition of its publication “Compass.”
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S&P cuts Puerto Rico’s GO bonds to ‘B’ from ‘BB’
February 13, 2015
Standard & Poor's Ratings Services pushed Puerto Rico’s general obligation rating further into junk Thursday when it lowered it 'B' from 'BB,’ with a negative outlook.
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Fitch: ‘Next few months will be critical’ for Puerto Rico
February 12, 2015
Credit ratings agency Fitch Ratings said Wednesday it believes that there are significant challenges ahead for Puerto Rico as it pursues initiatives necessary to maintain a credit profile commensurate with its 'BB-' general obligation junk rating.
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Puerto Rico tech sector does poorly in national ranking
February 10, 2015
Puerto Rico’s technology sector offers the lowest average pays nationwide and is lagging when it comes to job opportunities, according to this year’s Computing Technology Industry Association’s “Cyberstates: State-by-State analysis of the U.S. Tech Industry” report, to be made public later today.
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T-Mobile grows LTE footprint, eases smartphone access
February 5, 2015
Wireless carrier T-Mobile continues to expand its 4G LTE coverage in Puerto Rico with the inclusion of more than 25 towns and 90 percent of the population into its network, General Manager Jorge Martel said Wednesday.
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Economist: VAT could lead to uncertainty, high inflation
February 2, 2015
The implementation of a value-added tax system in Puerto Rico to replace the current sales tax structure could have a number of consequences — from uncertainty to high inflation to lower than expected fiscal revenue — that have yet to be publicly discussed, economist firm H. Calero Consulting said in its most recent “Economic Pulse” publication.
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P.R. jobless rate at 13.7% in Dec., labor force loses 25K
January 28, 2015
Puerto Rico’s labor force had 25,000 fewer members in December, when compared to the same month in 2013, which could account for the lower unemployment rate announced by the Labor Department Tuesday.
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