T-Mobile pursuing growth despite economic scenario
May 28, 2015
Puerto Rico’s wireless sector has been stagnant since 2011, with five carriers fiercely competing for their wedge of a market that reflects an 89 percent penetration rate — well below many jurisdictions in the Americas.
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Codetrotters Academy to train P.R.’s ‘hacker’ talent
May 28, 2015
By 2020 there will be 1 million more computing jobs in the United States than students graduating in those fields, the latest figures from the U.S. Bureau of Labor Statistics show.
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F&R Contractors to pay $500K for EPA water violations
May 28, 2015
The U.S. Environmental Protection Agency announced Wednesday it has reached an agreement with F&R Contractors Corp. and F&R Contractors LLC (F&R) to settle the companies’ alleged violations of requirements to control pollution from stormwater discharges.
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Toyota Foundation scholarship cycle closes June 5
May 28, 2015
Toyota Foundation is giving students interested in careers related to the environment until June 5 to apply for financial aid offered through its university scholarship program, which awards up to $2,500 to those eligible.
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El Mesón to open 1st U.S. store in Orlando on June 1
May 28, 2015
El Mesón Sandwiches, a Puerto Rican sandwich shop with more than 40 years in business, will open its first store in the U.S. mainland on June 1, at the Florida Mall in Orlando.
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First BanCorp to sell $199.8M in loans next month
May 27, 2015
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Tuesday it has entered into a definitive agreement to sell a portfolio comprised of mostly non-performing and classified commercial loans and real estate owned totaling $199.8 million of unpaid principal balance, or $150.1 million of book value, for $87.6 million in cash or 43.8 percent of the unpaid principal balance of the assets.
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Seaborne, JetBlue to codeshare throughout Caribbean
May 27, 2015
Seaborne Airlines and JetBlue Airways announced Tuesday they have finalized terms to begin a codeshare marketing relationship, expanding upon the carriers' interline agreement in place since 2013.
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Popular 1st Puerto Rico bank to unveil Apple Watch app
May 27, 2015
Just a month after the launch of its native application for iPad, Banco Popular announced Tuesday the integration of a new feature that allows customers to check balances and locate branches and ATMs through the Apple Watch, becoming the first financial institution in Puerto Rico to make that function available.
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USDA opens call for grants to help repair rural housing
May 27, 2015
The U.S. Department of Agriculture is seeking applications for grants to make housing repairs for low- and very-low income rural residents.
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HARP extension could help 9K Puerto Rico homeowners
May 26, 2015
More than 9,000 homeowners in Puerto Rico could save an average of $182 a month, or approximately $2,200 a year, on their mortgage loans as the result of the extension through 2016 of the Home Affordable Refinance Program and the Home Affordable Modification Program, federal authorities said this month.
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Panel ponders how to slash region’s high electricity costs
May 26, 2015
In the United States, electricity costs 10¢ to 12¢ per kilowatt-hour (kwh), while in Costa Rica, it’s 15¢ per kwh and higher in Honduras and Nicaragua, Central America’s poorest countries.
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USDA has $10.4M to expand rural econ. development
May 26, 2015
The U.S. Department of Agriculture recently announced it has some $10.4 million in funding available for grants to support rural community economic development.
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GDB president berates Moody’s’ latest credit downgrade
May 22, 2015
Government Development Bank President Melba Acosta came down hard on Moody’s Investors Service’s decision to downgrade the Commonwealth’s credit rating deeper into junk status by saying the move shows “ratings agencies are totally out of tune with what’s happening” in Puerto Rico.
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WorldNet, Microsoft bring ‘Skype for Business’ to island
May 22, 2015
Software giant Microsoft on Thursday announced it has certified locally-owned telecommunications provider WorldNet to offer the “Skype for Business” product, which extends to organizations and government entities a complete unified communications solution, combined with the security, expertise, and support that businesses require.
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García-Padilla presents $9.8B budget for Fiscal ’16
May 21, 2015
Puerto Rico Gov. Alejandro García-Padilla introduced Wednesday the measure paving the way for a $9.8 billion General Fund budget, and a $28.8 billion consolidated budget for Fiscal 2016.
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