The Puerto Rico Justice Department will express its position on the proposed acquisition by AT&T of T-Mobile’s assets in coming days, likely opposing the deal due to concerns about its potential effects on the local competitive landscape, News is my Business learned.
A delegation of representatives from five of the island’s biggest trade groups is headed to the Dominican Republic in November looking to boost exports through agreements with their counterparts in the neighboring island nation, the Dominican-Puerto Rican and Caribbean Entrepreneurial Alliance announced Tuesday.
A proposal in President Barack Obama’s deficit reduction plan unveiled Monday could put a wrench in the joint aspirations of the local government and the private sector to get improved tax conditions for controlled foreign corporations doing business on the island.
Resident Commissioner Pedro Pierluisi will submit in Congress this week the proposed Puerto Rico Investment Promotion Act, which seeks to increase business investment and create jobs on the island.
The movement against the proposed merger between AT&T and T-Mobile USA gained greater momentum late last week, when seven state attorney generals, including New York’s, joined the U.S. Justice Department’s lawsuit to block the deal.
As the stateside wireless industry’s landscape faces the possibility of reshaping to accommodate the proposed merger of two important service providers, the CTIA Wireless Association recently released an overview of the sector’s virtually unstoppable plans to invest and grow.
Puerto Rico’s economic situation has reached rock bottom, but it may as well be standing on quicksand given the instability of the U.S. economy and subsequent federal cutbacks, the volatility in petroleum prices and a potential deterioration of the housing market once local incentives run out.
Puerto Rico has made a positive movement back up the ranks of this year’s World Economic Forum's Global Competitiveness Report, by placing 35th among 142 countries. The ranking represents an improvement from last year, when Puerto Rico had fallen to the 41st spot on the list.
Housing and banking industry executives who have been working with local and federal government agencies to develop an all-encompassing plan to stimulate activity in a sector that has been battered by the economy will present their proposals and strategies during the 19th Housing Congress taking place Thursday.
While the month of August saw a 4 percent drop in the number of bankruptcy cases filed, the U.S. Bankruptcy Court in Puerto Rico received a whopping 245 petitions during the last day of the month, local research firm Boletín de Puerto Rico reported Friday.
The public and private sectors released sharply contrasting economic productivity reports Thursday that on the one hand claimed an increase in public revenue collections, while on the other denoted a significant contraction in manufacturing sector activity.
The Puerto Rico Telecommunications Board have come to an agreement to grant the franchise license to Claro, putting an end to a three-year process that has kept the carrier from competing with the island’s cable companies.
No sooner had the U.S. Department of Justice filed a lawsuit in a Washington D.C. court to block the proposed $39 billion takeover by AT&T of T-Mobile’s operations, when AT&T shot off a letter expressing its “disappointment” in the government’s action.
World economies that are either stagnant or not growing as much as they should need to go back to basics, build upon their resources and take stock of what they have to offer the rest of the planet to be able to move forward.
The U.S. Small Business Administration and the Economic Development Bank announced Monday the availability of emergency and disaster loans for small and mid-sized businesses, as well as homeowners, whose property was either lost or damaged by Hurricane Irene.
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