Governor creates construction industry advisory board
January 30, 2014
Gov. Alejandro García-Padilla signed an executive order Wednesday establishing a nine-member construction industry advisory board, at the behest of the sector, which seeks to work with the government to improve conditions to do business in Puerto Rico.
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Internet co’s take ‘wait-and-see’ stance on net neutrality
January 30, 2014
A little over two weeks ago, the DC Circuit court vacated the Federal Communications Commission’s Open Internet rules stating that "even though the commission has general authority to regulate in this arena, it may not impose requirements that contravene express statutory mandates."
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Speaking in D.C., Villamil offers bleak economic forecast
January 29, 2014
José J. Villamil, one of Puerto Rico’s leading economists, offered a grim assessment of the island’s fiscal health during a lecture Tuesday at Washington’s Center for Strategic & International Studies.
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Liberty Global mulls spinning off Puerto Rico, Chile ops
January 20, 2014
Liberty Global, Liberty Puerto Rico’s parent company, announced on Jan. 13 in its SEC filing that it is looking into a potential spinoff to shareholders of its Latin American units, which includes Liberty Puerto Rico and VTR in Chile.
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Avaya unveils ’14 strategy for Puerto Rico, region
January 20, 2014
Business collaboration and communications software and services provider Avaya held its Puerto Rico Partner Connection Day 2014 last week, featuring keynote speeches by top company executives who discussed plans for this year and recognized the achievements of its outstanding business partners.
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CNE gets $1.9M grant from Open Society Foundations
January 16, 2014
The Center for a New Economy will receive $1.9 million over the next two years from the Open Society Foundations to develop a “specific and measurable plan to increase civic capacity, transparency, and access to justice and equity in Puerto Rico.”
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Sectors unite to drive Puerto Rico’s technology industry
January 16, 2014
Private sector, government and academia will convene next month to chart the agenda to revive the economy during the CIO & IT Leadership Conference, organized by the Puerto Rico Information Technology Cluster.
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Cable, Telecom Assoc. to hold annual meeting in San Juan
January 14, 2014
The Caribbean Cable and Telecommunications Association (CCTA) will hold its 2014 annual meeting in San Juan Jan. 27-29 at the Sheraton Puerto Rico Hotel and Casino, bringing together cable and telecommunications executives from the region for educational sessions, networking opportunities and exhibitions.
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CES ’14: Wearables, curved TVs, Internet of everything
January 13, 2014
The International Consumer Electronics Show has been, for the past 40 years, the technology industry’s greatest showcase of invention and innovation.
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Moody’s wrapping up analysis of Puerto Rico credit
January 3, 2014
Moody’s Investors Service is set to conclude its review of Puerto Rico’s credit and fiscal situation in coming weeks, when it will focus on key issues of liquidity, budget performance and economic outlook, the New York-based agency said in a report released Thursday.
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Puerto Rico needs to focus on information tech sector
December 27, 2013
At a time of slow growth and continued volatility, many countries are looking for policies that will stimulate growth and create new jobs. Information communications technology (ICT) is not only one of the fastest growing industries — directly creating millions of jobs — but it is also an important enabler of innovation and development.
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AT&T upgrades cells sites, expands coverage in USVI
December 17, 2013
Wireless carrier AT&T announced Monday it has added extra capacity to 28 cell sites in St. Thomas and St. Croix; upgraded five sites in St. John, St. Thomas and St. Croix with LTE technology; and activated a new cell site in St. Thomas in its ongoing efforts to enhance the wireless capacity and coverage of its mobile Internet network available in the neighboring island chain.
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Progreso Económico: Gov’t payroll shrinks by 55K posts
December 13, 2013
Puerto Rico’s declining population, rapidly aging workforce, significant fiscal pressures and subsequent policy measures have combined to prompt a reduction in the government’s workforce over the past five years by as many as 55,000 jobs, or almost 20 percent of the public sector’s workforce.
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Moody’s puts Puerto Rico G.O., other bonds on review
December 12, 2013
Almost exactly a year to the day when Moody’s Investors Service cut Puerto Rico’s credit to Baa3, the New York-based agency placed the island’s general obligation rating on review for downgrade.
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Puerto Rico bankruptcies soar 20% in November
December 10, 2013
Bankruptcy filings skyrocketed in November, when a total of 823 cases were filed, representing a whopping 20 percent increase when compared to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico.
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