McCain blasts Jones Act as ‘contradictory’ to U.S. values
December 8, 2014
WASHINGTON — Sen. John McCain (R-Arizona) lashed out at the Jones Act during a panel at the Heritage Foundation, saying the 94-year-old maritime law is an anachronism that hurts U.S. farmers and manufacturers at the expense of foreign rivals.
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Puerto Rico bankruptcies at -6.3% in November
December 3, 2014
Bankruptcy filings dropped by 6.3 percent in November, when a total of 771 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico on Tuesday.
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Housing sector, gov’t to pursue $400M in federal credits
November 25, 2014
Puerto Rico’s contractors, developers and representatives from the Housing Finance Authority will pursue some $400 million in federal credits available to build rental properties on the island.
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T-Mobile Puerto Rico is among ‘most profitable’ units
November 20, 2014
T-Mobile Puerto Rico is ending a very active 2014, during which it set out to break industry rules by launching a slew of offers — including doing away with annual contracts and unleashing unlimited data for smartphones and tablets.
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Broadband adoption up across island, but gaps remain
November 19, 2014
Home broadband adoption in Puerto Rico increased by 15 percentage points between 2010 and 2014, surging from 31 percent to 46 percent of adults using the service, according to Connect Puerto Rico’s 2014 broadband survey results released Tuesday.
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Claro wraps up ’14 with $100M in capital upgrades
November 19, 2014
Telecommunications provider Claro de Puerto Rico will wrap up 2014 with a total of $100 million in capital investments in its fiber optic network, mobile infrastructure and application development — among other improvements — to be able to offer customers “the best cutting-edge technology” available, company President Enrique Ortiz de Montellano said Tuesday.
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Puerto Rico’s 1st IT sector study reveals growth potential
November 18, 2014
Puerto Rico’s information technology industry generated nearly 3,000 jobs this year, split among 55 of the largest companies doing business on the island.
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H3 Tech conference to promote sector get-together
November 18, 2014
Puerto Rico’s technological sector has taken a pivotal role in the ongoing growth of the island’s entrepreneurial ecosystem, a phenomenon that has prompted the celebration of the upcoming H3 Tech Conference on Nov. 21-22, to give so-called "Hustlers,” "Hipsters," and "Hackers" the forum to exchange ideas, experiences and knowledge.
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Analysts debate Puerto Rico debt crisis at Brookings seminar
November 7, 2014
WASHINGTON — More than 100 people crammed into a conference room at one of Washington’s most prestigious think tanks Thursday to hear three experts dissect what exactly caused Puerto Rico’s worsening debt crisis and how to fix it.
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Cable & Wireless to buy Columbus International for $3B
November 7, 2014
Cable and Wireless Communications PLC announced Thursday it has reached a conditional agreement to acquire Columbus International Inc.
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Puerto Rico debt crisis focus of Brookings panel
November 4, 2014
On Nov. 6, the Brookings Institution — one of Washington’s most prestigious think tanks — will delve into the origins of Puerto Rico’s $73 billion debt crisis and what can be done to nurse the island’s ailing economy back to health.
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Puerto Rico’s economic activity down 1.8% in September
October 31, 2014
Puerto Rico’s Economic Activity Index continued its free-fall in September, when according to the Government Development Bank there was a 1.8 percent year-over-year drop in the results, marking yet another month of contraction.
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WORA TV switching to ABC5 Puerto Rico on Nov. 1
October 23, 2014
Beginning Nov. 1, Telecinco Inc.'s WORA station will begin operating as ABC5 Puerto Rico, offering the ABC Television Network’s full programming lineup throughout the island.
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Solavei wireless service finds success in Puerto Rico
October 22, 2014
Two years after making its debut in the Puerto Rico market, Washington-based Solavei has found success through its first-of-its kind social networking and commerce platform that enables customers to sign up for mobile voice and data services at a fraction of the competition’s cost.
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Telecom Board voicing need for transatlantic teamwork
October 16, 2014
The Puerto Rico Telecommunications Regulatory Board is taking an active role in the international arena, voicing a need for greater transatlantic coordination and collaboration efforts to benefit markets across the globe, which stand to gain a lot from existing and emerging technologies.
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