TRB still holding off on granting Claro’s IPTV license
September 22, 2011
Six weeks after holding possibly the most explosive public hearing in its history, the Telecommunications Regulatory Board has yet to officially grant Claro the franchise license it needs to launch Internet-based television services.
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HFA opens 2nd round of foreclosure assistance program
September 22, 2011
Looking to offer alternatives to address the problem of foreclosures in Puerto Rico, the Housing Finance Authority Executive Director George Joyner announced Wednesday the start of a second round of the "Protecting your Home" program, to offer help to families and individuals who have experienced a decline in income and are at risk of losing their homes.
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P.R. Justice Department likely to oppose AT&T/T-Mobile deal
September 21, 2011
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.
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Local trade groups look to DR for growth during November commercial mission
September 21, 2011
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.
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Obama’s proposed cutbacks could set back local CFCs, spur reclassification
September 20, 2011
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.
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La Fortaleza to file proposal in Congress to drum up investments
September 19, 2011
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.
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7 states join fight against ATT/T-Mobile merger, P.R. stance unclear
September 19, 2011
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.
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CTIA: US wireless industry to invest billions through 2015
September 12, 2011
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.
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Villamil: P.R.’s economy has bottomed out, but contraction will prevail
September 8, 2011
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.
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P.R. regains footing on WEF ranking, grabs 35th place
September 7, 2011
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.
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19th Housing Congress to build strategies for sector’s growth
September 7, 2011
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.
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245 bankruptcy cases filed on last day of August
September 2, 2011
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.
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Treasury collections up 26% in July, manufacturing activity drops below acceptable threshold
September 2, 2011
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.
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Claro IPTV license granted ‘in principle,’ TRB president says
August 31, 2011
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.
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AT&T rebuffs DOJ filing to block merger
August 31, 2011
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.
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