In less than two months, Gov. Luis Fortuño's administration has received positive news from three stateside credit agencies monitoring the island’s fiscal and economic health.
When Puerto Rico’s current recession started in 2006, it set off one of the most significant migrations of island residents in recent history, with some 37,000 people leaving in search for a better life that year. In the last five years that number has blown up to more than 300,000, the Migrant Profile released by the Puerto Rico Statistics Institute showed on Monday.
As oil prices settled at close to $98 a barrel Friday, prices at the pump on the island also spiked, prompting concerned consumers to scramble to fill up their tanks in case things get worse in coming days.
TRB President Sandra Torres, flanked by lawmakers Paula Rodríguez Homs, Lornna Soto and José Chico during a Thursday news conference. Almost 15 years after the Telecommunications Regulatory Board began regulating the local market, it has gotten the legal go-ahead to include direct broadcast service providers, or satellite television companies, within its jurisdiction. Through the approval […]
Alvaro Celis, general director for Microsoft’s multi-country Americas division and Cleber Voelzke, general manager of the Puerto Rico operation. (Credit: © Mauricio Pascual) Microsoft Puerto Rico is looking to change the way people work in Puerto Rico by practicing what it preaches. On Wednesday, the company inaugurated its new $2.5 million, 13,000 square-foot headquarters at […]
Jorge Martel As Puerto Rico’s dynamic wireless mobile market continues to evolve, so do customer trends and needs. For T-Mobile, notable tendencies that have emerged in recent months are a growth of the so-called “affordable smartphone” customer segment and a demand for more and better mobile content. During his first meeting with members of the […]
Carlo Marazzi Promising to offer affordable high-speed Internet to all of Puerto Rico, the $32.5 million Puerto Rico Bridge Initiative was officially inaugurated Tuesday, with the goal of eventually expanding a broadband footprint to the entire island. The inauguration of the first phase of the network comes nearly a year after PRBI project manager Critical […]
Si el gobierno realmente quiere ayudar a que la economía avance, además de supervisar que todas las reformas recientemente aprobadas cumplan eficazmente su propósito, tendrá que implementar lo que los representantes del sector privado denominaron el jueves una “reforma de credibilidad”.”
Enrique Ortiz de Montellano For the second time in as many days a local wireless provider has jumped into the 4G arena. On Wednesday Claro de Puerto Rico announced the start of its next-generation wireless service, with an investment of $240 million. The HSPA+ network covers 80 percent of Claro’s footprint, including Vieques, said Claro […]
(Photo Credit: Carlos Anguita) AT&T de Puerto Rico on Tuesday announced plans to beef up its local wireless network, adding cell sites and technology to enable fourth-generation transmission speeds. However, in an unusual twist to its announcement, the company withheld associated investment figures. Nevertheless, the island’s largest wireless carrier said its plans call for installing […]
The $3.73 billion budget submitted Monday by the Obama administration for fiscal 2012, which begins in October, will have a yet unquantifiable impact on the island that will likely mean less money for communities and students.
The issue of transparency regarding public sector procedures has become especially relevant during these tough economic times. To achieve it, governments have turned to technology to expose their agendas -- often going online to offer reports and information to show constituents how taxpayer money is being spent.
California-based computer memory manufacturer Smart Modular Technologies announced Thursday it will be closing its Aguada plant due to a long-term production decline. The closing, which will leave 104 people jobless, will be finalized April 13, company spokeswoman Suzanne Craig confirmed. The company informed employees of the decision on Monday. As a result of the closing, […]
Open Mobile, one of the five wireless carriers serving the Puerto Rico market, has been spared from paying a $20,000 fine to the Federal Communications Commission for faltering to adequately report how it goes about protecting subscribers’ private information. The federal watchdog waived the fine late last week, after Open Mobile submitted a certification stating […]
As the local price for gasoline approaches — and exceeds — 80 cents per liter at the pump, the Consumer Affairs Department on Thursday warned that it will get even more expensive to fill the tank in coming days.
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