LMM public-private partnership process draws 12 global bidders
August 9, 2011
The Public-Private Partnership Authority announced Tuesday it received requests for qualification bids from 12 global companies that are interested in managing the Luis Muñoz Marín International Airport in tandem with the government.
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Government CIO urges TRB to approve IPTV license
August 9, 2011
The government’s Chief Information Officer, Juan E. Rodríguez, urged the Telecommunications Regulatory Board Monday to give way to Puerto Rico Telephone’s petition for a cable television franchise license to launch islandwide IPTV service, as it would benefit consumers, competition and the economy.
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IPTV hearing gets off to rocky start
August 9, 2011
Delayed by a “give-and-take” between Telecommunications Regulatory Board members and representatives from Puerto Rico Telephone (Claro) and companies opposed to its application for a cable television franchise license, Monday’s hearing on IPTV got off to an unsurprisingly rocky start.
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Moody’s downgrades GO bond ratings to ‘Baa1,’ outlook negative
August 8, 2011
Moody's Investors Service downgraded the rating of more than $1 billion of the Puerto Rico Public Building Authority’s general obligation bonds to Baa1 from A3, providing a negative outlook for Series R and Series S. The bonds are expected to go to market Tuesday.
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BPOP buys Puerto Rico Citi/AAdvantage $130M credit card portfolio
August 8, 2011
Banco Popular announced Monday it has entered into an agreement with American Airlines Inc. to become the exclusive issuer of AAdvantage co-branded credit cards in Puerto Rico and the U.S. Virgin Islands, and the acquisition of the Citi/AAdvantage co-branded credit card portfolio, which represents approximately $130 million in balances.
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Fortuño: U.S. ‘acted too late’ to avoid downgrade
August 8, 2011
Contrasting Puerto Rico’s current economic conditions with those of the U.S. mainland’s, Gov. Luis Fortuño said the “U.S. is starting to suffer the consequences of not acting immediately” to its escalating fiscal troubles.
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S&P downgrades U.S. credit rating after budget negotiations fall short
August 6, 2011
The United States’ 94-year excellent credit run ended Friday, when ratings agency Standard & Poor’s lowered the country’s AAA credit to AA+ for the first time, dissatisfied with the results of the spending cuts package agreement between Congress and the White House reached earlier in the week.
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Claro launches online petition to drum up public support for IPTV service
August 6, 2011
Claro has stepped up its efforts to obtain the franchise license it requested more than three years ago to break into the island’s paid television market by launching an online signature collection campaign Friday in support of its IPTV service.
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Claro TV lays out proposed IPTV offer
August 5, 2011
Hundreds of channels, “a la carte”-like programming and cutting edge features based on a $60 million platform are some of the features that Claro TV is ready to offer island customers through the Internet-based cable television service it is proposing to launch.
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TRB schedules hearing to weigh public interest of granting Claro TV franchise
August 5, 2011
A hearing slated to let the public and paid television industry players offer their opinions on whether Claro TV’s request for a cable television franchise is in the public interest may not take place Monday at the Telecommunications Regulatory Board if petitions the company filed to block it are granted.
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Bleu Bistro enters OSJ gastronomy scene
August 5, 2011
Bleu Bistro, the newest eatery to move into the trendy Old San Juan gastronomic neighborhood, recently opened its doors to offer locals and tourists alike a taste of French fusion cuisine.
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Cuba Travel Services to launch LMM-Havana charter flights
August 5, 2011
Air travel between the United States and Cuba is about to get a bit more crowded with the announcement Thursday by Cuba Travel Services Inc. that it has received landing permission by the government of the island-nation to begin flights from San Juan, Ft. Lauderdale and Houston.
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FAA shuts down Isla Grande airport air-traffic control tower
August 4, 2011
Citing damages caused following the passing of Tropical Storm Emily, Port Authority Executive Director Alberto Escudero announced Thursday the Federal Aviation Administration’s decision to close the air-traffic control tower at the Fernando Ribas Dominicci airport in Isla Grande.
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USVI study confirms power connection with P.R. possible, cost-effective
August 4, 2011
A feasibility study commissioned by the U.S. Virgin Islands’ Water and Power Authority confirmed that connecting the territory with Puerto Rico’s and the British Virgin Islands is viable and could help the neighboring islands save money and provide better services.
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MAPFRE maintains credit rating strength
August 4, 2011
A.M. Best, the world's oldest and most authoritative insurance rating and information source, recently affirmed the financial strength rating of “A” (Excellent) of the MAPFRE PRAICO Group and its affiliates, confirming their financial strength, company officials announced Wednesday.
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