Puerto Rico bankruptcies up 3% in Sept., 903 cases filed
October 3, 2014
A total of 903 bankruptcy cases were submitted in Puerto Rico last month, with Chapter 13 — those applicable to individuals — leading the filings that resulted in a 3 percent year-over-year increase in activity, preliminary results released by research firm Boletín de Puerto Rico showed Thursday.
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Puerto Rico economic activity index -1.1% YOY in Aug.
September 29, 2014
Puerto Rico’s economic activity index reflected yet another drop in August, when results were down 1.1 percent when compared to the same month last year, according to data released late Friday by the Government Development Bank.
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Gov’t: New construction boosting Puerto Rico’s economy
September 24, 2014
Several large-scale construction projects are expected to inject more than $1 million into the island’s economy, along with thousands of jobs, government officials said Tuesday.
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Census: More than half of Puerto Rico homes online
September 19, 2014
More than half of Puerto Rico homes had access to the Internet in 2013, according to data released by the U.S. Census Bureau through its Puerto Rico Community Survey.
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TRB joins 3-1-1 government services info call center
September 18, 2014
The Puerto Rico Telecommunications Regulatory Board this week became the newest public agency to join the government’s 3-1-1 central call center to provide orientation to Puerto Rico citizens on available services.
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Economist: Island recession not consumption-driven
September 8, 2014
The recession that has affected Puerto Rico’s economy for the better part of the last eight years has not been consumption-driven, but has been the worst in terms of consumption deceleration, especially in the area of durable consumption, an analysis by economist firm H. Calero Consulting Group Inc. concluded.
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TRB to help Puerto Rico entities request FCC funding
September 8, 2014
The Puerto Rico Telecommunications Regulatory Board will be working with local entities interested in presenting proposals to the Federal Communications Commission’s Rural Broadband Experiments program, which has $100 million available to assign across the U.S. and its territories.
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Wovenware, Canadian firm launch e-commerce platform
September 4, 2014
Puerto Rican software engineering and development firm, Wovenware, announced Wednesday it was chosen by Canadian start-up Coupons4Giving to develop a new platform for fundraising following a successful e-commerce site implementation in early 2014.
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Claro launches 150Mbps service to metro area homes
August 27, 2014
Telecommunications provider Claro announced Tuesday the availability of broadband speeds of up to 150 megabits per second to a group of homes in the San Juan metropolitan areas selected to participate in the initial phase of the project.
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Gov’t to deploy broadband in Santurce via unused pipes
August 20, 2014
Two government agencies, the Department of Transportation and Public Works and the Puerto Rico Telecommunications Regulatory Board, signed a collaborative agreement Tuesday to develop new broadband infrastructure that will initially be deployed in San Juan’s Santurce sector.
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Science Trust opens RFP for $5M innovation grant cycle
August 19, 2014
The Puerto Rico Science, Technology and Research Trust has earmarked close to $5 million for a grants program focused on proposals presented by scientists and researchers related to the development and research in the fields of natural sciences, biotechnology, aerospace technology, communication, medical innovations, electronics, clean and renewable energies and related sciences, Iván Ríos-Mena, acting executive director of the PRST, said.
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SAP Caribbean Forum to take place in Puerto Rico
August 19, 2014
SAP Caribbean Forum, an event focusing on technology and business in the region, will be held Aug. 28 at the La Concha Hotel in San Juan, when local and international entrepreneurs and experts affiliated with the software company will meet and present the latest advances and technologies aiming to usher in “a new era of efficiency and competitiveness.”
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Fitch: Ch. 9 extension would be a positive for Puerto Rico
August 7, 2014
The extension of Chapter 9 provisions governing the adjustment of municipal debt in Puerto Rico would be a positive and important development for Puerto Rico and holders of debt of its public utilities and public instrumentalities, Fitch Ratings said Wednesday.
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Economist: Solving PR’s power costs conundrum feasible
August 4, 2014
The island’s electricity costs — significantly high in comparison to most competitive economies — could be solved by making a series of difficult choices to fix the Puerto Rico Electric Power Authority’s escalating problems and take advantage of a new energy order that is driving down prices around the globe.
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Puerto Rico’s economic activity slides on public payroll
August 4, 2014
Puerto Rico’s economic activity index for the month of June showed a 1.0 percent year-over-year reduction, after showing a 1.1 percent YOY decrease in June 2014.
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