Fitch: Keeping Puerto Rico’s rating will depend on policymaking
December 19, 2012
Fitch Credit Rating, the only agency that has not downgraded Puerto Rico's debt in the past week, said Tuesday the current 'BBB+' rating on the Commonwealth's general obligation bonds reflects the significant progress made by the outgoing administration in implementing widespread reforms despite economic underperformance.
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Bankruptcy filings down 8% through November
December 18, 2012
As the year comes to a close, Puerto Rico’s bankruptcy filings appear to be keeping the downward trend that has prevailed throughout most of 2012. Filings through November were down 8 percent year-over-year, with 9,532 cases on record at the U.S. Bankruptcy Court.
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Moody’s cuts Puerto Rico’s credit affecting $38B in debt
December 14, 2012
Moody's Investors Service downgraded Puerto Rico’s general obligation rating Thursday to Baa3 from Baa1, affecting about $38 billion of the island’s debt held by more than a handful of agencies.
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Connect Puerto Rico: Broadband access has expanded
December 13, 2012
New research unveiled Wednesday by Connect Puerto Rico shows that nearly 85 percent of Puerto Rico households have access to fixed broadband at advertised speeds of at least 3 Mbps download/768 Kbps upload, up from 57 percent one year ago. This represents significant network expansion across the island.
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Telecom Board scrubs out 166K phone subsidy fraudsters
December 12, 2012
Two years after scrubbing out about 166,000 Puerto Rico residents who were misusing phone subsidy benefits through the “Lifeline” program, the Telecommunications Regulatory Board has asked the Federal Communications Commission to allow it to opt-out of the stateside database to continue doing the job on its own.
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Columbus Networks pumping $7M into Puerto Rico operation in ’13
December 7, 2012
Columbus Networks plans to invest $7 million to continue expanding its broadband infrastructure in Puerto Rico next year, adding to the $10 million the company has already pumped into its local operation since arriving to the island in 2010.
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2nd edition ‘App Idol’ competition winners chosen
December 7, 2012
A group of talented young Puerto Ricans got a chance to demonstrate their technological and creative savvy in mobile applications during the second edition of the “App Idol, Reloaded” competition sponsored by Microsoft Puerto Rico, the Economic Development and Commerce Department and the Puerto Rico Gamers Association.
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CNE: Gov’t will have 90 days to lay out fiscal plans
December 5, 2012
Come January, when the new administration headed by Gov.-elect Alejandro García-Padilla takes over the reins of the government, it will have 90 days or so to present stateside credit agencies a “viable and concrete” plan outlining its strategy to tackle Puerto Rico’s fiscal problems, executives from the Center for the New Economy said Tuesday.
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Inteco launches regional broadband network
December 5, 2012
The Central Eastern Technological Initiative, or Inteco, launched its ambitious $16.3 million broadband network project that will benefit a 10-town region through advanced Internet access Tuesday, a little more than a year after announcing its plans.
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AT&T adds 3 more towns to 4G LTE footprint
December 4, 2012
AT&T de Puerto Rico Rico has turned on its 4G Long-Term Evolution network in the Yauco, Guayama and the San Germán-Cabo Rojo, adding 26 new towns to its service footprint outside the San Juan metropolitan area, the company announced Monday.
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Puerto Rico needs to ‘refocus to find economic growth’
December 3, 2012
Puerto Rico’s current economy is smaller and less populated than when many of its legal and government structures were effected, making it necessary to refocus development policies to be able to move forward.
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Economists: ‘It will take Puerto Rico 6 years to recover’
November 30, 2012
Assuming that Puerto Rico’s economy were to grow at an annual rate of 1.75 percent starting in 2014, it would take six years for it to bounce back into pre-recession growth levels, local firm Estudios Técnicos predicted Thursday.
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DirecTV overhauls Puerto Rico platform, adds channels
November 30, 2012
DirecTV, Puerto Rico’s largest satellite service provider, plans to expand its channel lineup — including a handful of high-definition networks — as well as introduce new set-top equipment to extend more features to its customer base, company officials announced Thursday.
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Google Engage launches in Puerto Rico
November 23, 2012
Google Engage, a program created by Google to teach the ‘ins-and-outs’ of online advertising, is now available in Puerto Rico to give users the chance to train, learn and become certified in free tools like “Apps,” “AdWords” and “Analytics,” the company announced.
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Smartphones, tablets, flat-screens among ‘hot’ electronics this Christmas
November 22, 2012
This year’s gift-giving season officially kicks off tomorrow and for those whose favorite presents are in the form of wireless devices and electronics, you should know the lineup is wide-ranging and cutting-edge.
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