Liberty will apply credits for hours of fixed internet service interruption
October 28, 2021
Liberty Puerto Rico confirmed it will be applying automatic credits to thousands of customers on the island who experienced an interruption of their fixed internet service Wednesday night. In a statement, the company explained the reasons for the fixed internet outage between 8 p.m. and midnight Wednesday. “We experienced a situation with the access routes […]
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Evertec reports $146M in 3Q21, up 7% YoY; signs deal with Caja Popular Mexicana
October 28, 2021
Evertec Inc. announced total revenue for the quarter ended Sept. 30, 2021, of $145.9 million, an increase of 7% compared with $136.5 million in the prior year quarter as it “continues to benefit from increased transactions in Puerto Rico, driven by the continued effect from the inflow of federal funds, and increased revenue from our […]
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PHSU’s $1.1M grant equips 8 hospitals with telemedicine technology
October 28, 2021
As part of a $1.1 million grant from Cares Act funds awarded to the Ponce Research Institute at Ponce Health Sciences University (PHSU), eight hospitals across Puerto Rico have been outfitted with new technological equipment for telemedicine, the institution announced. The hospitals and entities to which PHSU delivered these telemedicine machines for residency programs are: […]
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Puerto Rican consumers juggling budget to handle price hikes, product shortages
October 27, 2021
The Chamber of Marketing, Industry and Food Distribution’s (MIDA, in Spanish) most recent Consumer X-Ray shows a Puerto Rican consumer who is juggling their budget in the face of price hikes, product shortages and daily expenses. The 29th edition of the study also shows that fluctuations in monthly spending on groceries reflect the greater influence […]
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FCC allocates $5.3M to Puerto Rico schools, libraries through emergency fund
October 27, 2021
The Federal Communications Commission (FCC) has committed $5.3 million to Puerto Rico through its program to fund connected devices and broadband connections through its Emergency Connectivity Fund Program, the agency confirmed. The island has received the funding in three waves, getting $2.6 million during the first round, $2.1 million in the second, and $625,928 in […]
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San Juan-based TransPerfect buys $30M property for future learning center
October 27, 2021
TransPerfect, a San Juan-based provider of language and technology solutions for global business, announced that its high-ranking officials have signed off on a $30 million property in Puerto Rico that will become the future home of TransPerfect’s Management Learning Center. “The total investment…in the Puerto Rico-based facility signals the beginning of a new era for […]
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First BanCorp. reports $75.7M in 3Q21 net income
October 26, 2021
First BanCorp., FirstBank Puerto Rico’s parent company, reported net income of $75.7 million, or $0.36 per diluted share, for the third quarter of 2021, compared to $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, and $28.6 million, or $0.13 per diluted share, for the third quarter of 2020. Financial results […]
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Online platform Seed, which caters to Latin music industry, to launch new program
October 26, 2021
As part of its mission to help the new generation of independent artists, producers, and music entrepreneurs, the Seed online platform announced the launch of R3, an educational program where users will learn to register their music and collect their royalties internationally in three steps. The program will go live Oct. 28, platform officials said. […]
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Practical Techie: Funnels, a new name pops up to channel sales on the web
October 26, 2021
The web is a constant tsunami of high-tech names difficult to keep up with. When a cybernaut finally learns the meaning of this or that technology, five new pop-up to describe it, or with a new name. This is due to the plethora of developers across so many cultures, continents, and cybernetics schools, each with […]
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US Travel Assoc.: Puerto Rico leads way in travel recovery
October 25, 2021
The US Travel Association’s Recovery Dashboard with data from Tourism Economics confirmed that Puerto Rico is leading in recovery, with travel spending exceeding stateside averages. When comparing monthly spending, on average, the US was approximately 11% below the same time two years ago in September. But travel spending in Puerto Rico was more than 23% […]
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Cortelco to unveil new multi-service communications platform
October 25, 2021
Technology consulting company Cortelco Systems Puerto Rico Inc. is developing a service called “Lost Calls,” a communication platform for businesses and their clients that works as a messaging and calls system that converts text-to-speech into data. The company also announced a new cash dividend for its stockholders of $0.15 per share payable on Dec. 15, […]
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Small Inn Assoc. backs Dorado’s move to regulate short-term rentals
October 25, 2021
The Puerto Rico Association of Small Inn Owners and Tourism confirmed its support of a Municipal Ordinance passed in the Municipality of Dorado to regulate the more than 1,000 independent short-term rental accommodations operating in the town. Last week, local media outlets reported that the beachfront town is requiring a permit from short-term rental operators to […]
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Liberty Puerto Rico donates $1M to support socio-economic initiatives
October 22, 2021
Liberty Puerto Rico announced it has made a special $1 million donation to invest in high-impact initiatives that contribute to the socio-economic development of Puerto Rico and the US Virgin Islands. As part of the celebration as the “New Liberty,” the donation was made through the Liberty Foundation as a “gesture of gratitude for the […]
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Puerto Rico residents have bleak outlook on current situation, future
October 22, 2021
A study commissioned by the Puerto Rico Sales and Marketing Executives Association (SME, in Spanish) revealed that 78% of Puerto Rico residents believe that quality of life on the island is worse now than it was five years ago. Of that group, 84% are women mostly between 55 and 64 years of age, as well […]
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Sprung Instant Structures Inc. to establish $1M operation in Ponce
October 22, 2021
Sprung Instant Structures Inc. — a company specialized in the design and manufacture of prefabricated structures resistant to natural disasters — announced its arrival on the island, where it will invest about $1 million to establish operations in Ponce over the next two years. They are currently participating in several projects with Community Development Block […]
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