Techbiz.mobi program back for another round
January 16, 2013
Citi Foundation and the Central Eastern Technological Initiative, or Inteco, announced Tuesday the return of “Techbiz.mobi,” a techno-educational program designed to teach 18 to 25-year-olds to create mobile apps for the Android mobile operating system and learn to market them online.
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Provider: Broadband ‘faster, cheaper’ than 4 years ago
January 15, 2013
The cost of broadband service in Puerto Rico has dropped by more than 75 percent since 2009, when carriers charged between $40 and $65 per Megabit per second, to less than $10 per Mbps in 2012, said Carlo Marazzi, President of Critical Hub Networks, which released Monday the "Puerto Rico Bridge Initiative’s Project Summary & Achievements" report detailing the impact that its ARRA-funded broadband project has made in improving broadband services on the island.
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Chrysler Puerto Rico closes ‘historic’ year with 9K units sold
January 15, 2013
Chrysler Puerto Rico sold 9,029 units in the island last year, building upon last year’s results for its Chrysler, Dodge, Jeep and Ram brands, company executives said Monday.
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SBA opens disaster loan outreach center in Vega Baja
January 15, 2013
The U.S. Small Business Administration announced the opening of a Disaster Loan Outreach Center in Vega Baja, today at 9 a.m. This Center will provide one-on-one assistance to homeowners, renters and business owners seeking disaster assistance for losses caused by the heavy rains and flooding on Nov. 12–13, 2012, agency officials said.
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Old San Juan’s 1st ‘B&B’ to open in May
January 14, 2013
In a few months, when Casa Sol opens its doors as Old San Juan's first Bed & Breakfast, it will join a growing list of small hostelries in the old city that are benefiting from increased tourist demand for cozy alternatives to traditional, large hotels.
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PayTech launches PayPocket mobile payments ‘app’
January 14, 2013
PayTech Corp, a Puerto Rico based company offering electronic payment solutions including credit and debit card processing, is looking to expand its presence in the rapidly growing mobile payment market with PayPocket, a new application for iPhones and iPads.
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e-Nabler takes part in NYC’s ‘Retail’s BIG Show’
January 14, 2013
Puerto Rican tech company e-Nabler flew to New York City this weekend to take part in the National Retail Federation’s Annual Convention & Expo, better known as “Retail's BIG Show” featuring the most effective solutions and tools for the industry.
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CPAs to host 6th annual construction industry forum
January 14, 2013
The Puerto Rico Society of Certified Public Accountants will host the 6th annual Construction Industry Forum Jan. 18, kicking off with an analysis of economic trends and prospects for the industry by several local economists.
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SB Architects completes 3rd Puerto Rico hotel project
January 11, 2013
SB Architects, with offices in California and Florida, announced the completion of its latest resort project, the Dorado Beach, A Ritz-Carlton Reserve. This is the third luxury property it has been involved with in Puerto Rico, in addition to the Bahia Beach Golf Resort in Río Grande and the Ritz-Carlton San Juan.
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‘Sprint Drive First’ mobile ‘app’ free for 15 days
January 11, 2013
In support of the recently approved law banning the use of mobile phones while driving in Puerto Rico, wireless carrier Sprint is offering its “Sprint Drive First” application for free for 15 days, company officials announced Thursday.
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AGP economic team patching things up with pharmas
January 10, 2013
Gov. Alejandro García-Padilla’s economic team is working on patching things up with pharmaceutical companies doing business in Puerto Rico, which they said Wednesday have “lost trust” in the island’s government.
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Oriental maps out integration with BBVA Puerto Rico
January 10, 2013
Oriental Financial Group Inc. announced Wednesday plans for the integration of Banco Bilbao Vizcaya Argentaria Puerto Rico, which Oriental acquired in late December, and the combined companies’ branding and business strategy.
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Fitch: Puerto Rican banks to face ‘continuing’ challenges
January 10, 2013
Fitch Ratings expects Puerto Rican banks to face continuing operating challenges in 2013, despite recent efforts by those institutions to build capital and de-risk their balance sheets, the agency said in a statement issued Wednesday.
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Moody’s assigns ‘Baa3’ rating to $350M Aerostar bonds
January 10, 2013
Moody's Investors Service announced Wednesday it has assigned provisional ‘Baa3’ ratings to Aerostar Airport Holdings, LLC's $350 million of senior secured bonds. The outlook is stable. Bond proceeds will be used to partially fund the acquisition of a long-term lease to operate the Luis Muñoz Marin Airport.
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Puerto Rico flood victims eligible for SBA loans
January 10, 2013
Residents and businesses in Puerto Rico affected by heavy rains and flooding on Nov. 12- 13, can apply for low-interest disaster loans from the U.S. Small Business Administration, agency Administrator Karen G. Mills announced Wednesday.
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