Puerto Rico must ‘unleash tourism potential’ to compete
December 10, 2013
Given world tourism trends, Puerto Rico needs to focus on new markets, such as Germany, Japan, China, and the United Kingdom, to find success in a highly competitive sector and lure tourists to its shores, to be able to reduce its reliance on other industries.
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Claro continues to expand its 4G LTE network
December 10, 2013
Telecommunications provider Claro Puerto Rico announced Monday the expansion of its 4G Long-Term Evolution (LTE) network to nine more municipalities in Puerto Rico, totaling 18 new additions in just seven weeks.
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Puerto Rico economic index stuck in negative growth
December 9, 2013
Following what can only be called an attempt to avoid the unavoidable, the Government Development Bank finally posted the Economic Activity Index — with weeks of delay — for the months of September and October, revealing results that keep Puerto Rico in negative territory for the 11th consecutive month.
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Black Friday, Thanksgiving weekend tech round-up
November 28, 2013
Technology is always high up on the wish list during the Christmas season and what better way to save than to take advantage of the available sales and discounts on Black Friday.
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Prepa Networks building new $26M HQs in Isla Verde
November 27, 2013
Prepa Networks, a subsidiary of the Puerto Rico Electric Power Authority that provides next-generation network infrastructure to carriers and business sectors looking to provide a variety of telecommunications services, will be building new $26 million headquarters in Isla Verde, the company disclosed Wednesday.
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Puerto Rico-based EVERTEC opens branch in Colombia
November 18, 2013
EVERTEC, a company with more than 25 years experience and considered the leading full-service transaction processing business in Latin America and the Caribbean, announced it is establishing operations in Colombia this month.
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Economist: Puerto Rico’s road to economy feasible, long
November 18, 2013
Puerto Rico’s road to economic recovery is feasible, but remains a long one and depends entirely on the government’s commitment to lowering electricity costs, stabilizing fiscal revenue, reverting net outward migration, and increasing private investment, H. Calero Consulting Group Inc. expressed in the latest edition of “Compass,” its quarterly publication.
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‘EveryoneOn’ digital literacy campaign on in Puerto Rico
November 13, 2013
The Puerto Rico Broadband Taskforce announced Tuesday the local launch of “EveryoneOn,” a national public service campaign aimed at promoting digital literacy skills and the importance of being connected online as a means of social, educational and economical development.
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Liberty phases out OneLink brand, unveils changes
November 7, 2013
Almost a year to the date after acquiring OneLink Communications, Liberty Cablevision announced that effective today, it will eliminate the San Juan cable system's brand and replace it with its own.
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S&P: 1-in-3 chance of a Puerto Rico ratings cut by ’15
November 6, 2013
Puerto Rico’s general obligation credit ratings could be spared from another downgrade from Standard & Poor’s at least through March 2015 if the government makes good on its commitment to rein in its structural deficit over the next two years, follows through on its plans to reduce major liabilities, such as public pensions, and upholds its revenue stream.
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Puerto Rico to get $31.6M to deploy rural broadband
November 1, 2013
The Federal Communications Commission’s Connect America Fund has awarded $31.6 million to provide new broadband access to 40,736 homes and businesses throughout Puerto Rico, during a round of funding announced Thursday.
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S&P affirms Puerto Rico’s ‘BBB-’ rating, negative outlook
October 25, 2013
Standard & Poor's Ratings Services this week affirmed its 'BBB-' rating and negative outlook on Puerto Rico’s general obligation (GO) and appropriation debt, based on — among other things — the commonwealth's weak economic trends that began in fiscal 2007, including population declines and economic contraction.
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Puerto Rico home sales at risk due to new federal rules
October 23, 2013
Puerto Rico’s mortgage bankers and housing developers raised a red flag Tuesday to warn about the potentially devastating effects of a recently enacted federal regulation that sets new parameters that could make it difficult for would-be island home buyers to qualify for loans starting next year.
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MasterCard study reveals 5 types of ‘online personas’
October 16, 2013
Is there really such a thing as an online persona? According to a new global study from MasterCard released Tuesday, the answer is, yes.
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Claro Puerto Rico adds 9 new towns to 4G LTE network
October 15, 2013
Wireless carrier Claro announced Monday the inclusion of nine additional Puerto Rican towns into its high-speed 4G LTE network, through which clients can reach transmission speeds of up to 50 megabits per second through their mobile devices.
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