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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Returning to ‘economics 101’ principles key to rebounding, growth
August 30, 2011
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.
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SBA, EDB offer loans to cover Irene-related losses
August 30, 2011
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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Irene triggers $500M to $1.1B in insured losses in Caribbean, analyst says
August 27, 2011
Boston-based AIR Worldwide estimated Friday that insured losses in the Caribbean from Hurricane Irene will reach between $500 million and $1.1 billion, with the Bahamas accounting for more than 60 percent of the insured loss.
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20K OneLink customers still in the dark
August 26, 2011
As of Friday morning, some 20,000 OneLink Communications customers still had no service in the wake of storm Irene, company officials said.
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Bankrupt Caribe Media to transfer corporate control to lenders
August 24, 2011
Three months after filing for Chapter 11 bankruptcy protection, Caribe Media Inc., the majority owner of Axesa Servicios de Información, which publishes the “official” yellow and white pages directories in Puerto Rico, has given control of the company to its lenders, Bloomberg reported Tuesday.
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BBVA Research: LatAm economy to grow 4.8% in ’11, P.R. recovery lagging
August 22, 2011
The Latin American economy will grow 4.8 percent this year, converging at rates of around 4 percent in 2012 and 2013, slightly above BBVA Research’s prior forecast, due to high commodity prices and stronger domestic demand than anticipated in some countries, Joaquín Víal, chief researcher for the organization’s South American unit.
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Flurry of cancellations as P.R. braces for Tropical Storm Irene
August 21, 2011
As Tropical Storm Irene cut across Puerto Rico Sunday, the private sector shut down most operations late in the day and called off numerous activities for Monday. Following is a sector-by-sector roundup of cancellations.
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