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Chile to Launch New Investment Promotion Agency

Chile to Launch New Investment Promotion Agency

By Narayan Ammachchi Chile is setting up a new investment promotion agency, while the government has also unveiled a legal proposal designed to exempt tax for foreign firms importing capital goods. The new investment agency will drum up investment opportunities ...

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Telefonica Acquires 3-Percent Stake in Indra Sistemas

Telefonica Acquires 3-Percent Stake in Indra Sistemas

By Narayan Ammachchi Spanish multinational Telefonica has acquired a 3% stake in technology services provider Indra Sistemas,which has a wide presence across Latin America.    The news comes barely a day after Abril-Martorell replaced the IT giant’s veteran boss Javier Monzon. As ...

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Unemployment Rises as Chile’s Economy Slows Down

Unemployment Rises as Chile’s Economy Slows Down

By Narayan Ammachchi Chile’s economic recovery is losing steam, with the jobless rate rising to new highs during the three-month period ending in August. According to data released by the government, the unemployment rate shot up to 6.7%, while factory output ...

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Moody’s Warns Growth of LATAM’s Middle Class is Slowing

Moody’s Warns Growth of LATAM’s Middle Class is Slowing

By Narayan Ammachchi After a steady rise during the past decade, Latin America’s middle class growth is slowing, thus negatively affecting both consumption and investment, according to a study by U.S. credit rating agency Moody’s. Among the worst affected companies will ...

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