As Brazil Sharpens Global Competitiveness, the Government is Criticized for Protectionist Tendencies
May 7th, 2013
Fraga: Back to 70′s style protectionism?
By Luke Bujarski
Esteemed economist Arminio Fraga Neto recently issued a mixed assessment of the macroeconomic and political environment of Brazil, noting that the government is indeed “listening” to the needs of the private sector but also doing too much to protect specific industries. Fraga was one of several notable speakers at the recent “Brazil Summit”, organized in New York City, by the Brazil-American Chamber of Commerce, where global services was one of the prime topics of discussion.
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By Marco Stefanini
We live in a globalized world with increasing technological transformations. Among outstanding developments that reach the global population, it is the practice of entrepreneurship that stands out as a way to conduct business with an innovative approach. Enterprising initiatives are essential for the socioeconomic development of a country, which is fundamental for the concept of job opportunities and is also a driver of economy. Enterprising activities not only drive the economic system but also promote important transformations and social development.
By Narayan Ammachchi
Norwegian software firm KADME has teamed up with Brazilian technology solutions vendor IesBrazil to sell its “Whereoil” software platform to the companies in the Brazilian oil and gas industry.
Whereoil, according to KADME, helps energy companies get access to every piece of information about oil and gas industry so they can take quick decisions regarding oil exploration and sales.
“Many of our clients have interests in Brazil, and we see a great opportunity to introduce Whereoil in this dynamic market,” stated Gianluca Monachese, KADME’s founder and Director of Business Development.
KADME says it had long been trying to enter the lucrative Brazilian market.
IesBrazil’s partnership with the KADME will be announced officially at the 13th International Congress of the Brazilian Geophysical Society, due in August this year. Stavanger, Norway-based KADME says its software platform will better serve the information management needs of the oil …
By Narayan Ammachchi
Sao Paulo, Brazil-based BPO firm Toutatis has teamed up with global human capital management company Meta4 to offer payroll outsourcing services to corporate companies across Latin America.
As part of the agreement, Meta4 will allow the Brazilian company access its ‘PeopleNet technology platform’ designed specifically for HR management.
Meta4 has presence in several countries in the region, and Latin America represented 22 percent of its revenue last year.
“To achieve such good results with excellent prospects for further development, it is worth mentioning the growth experienced in the Cloud Payroll and HR line of solutions—a strategic area where Latin American revenue has grown 47% as compared to the previous year,” the company stated in a press release.
Meta4 said it was looking for corporate clients with offices across the region because, it said, corporate companies accounted for 85 percent of its revenue last year.
“This alliance will be able to …
Despite Brazil’s Economic Slowdown, Sonda IT Sees Outsized Profits from Mining and Energy
March 18th, 2013
Barone of Sonda: Petrobras and Vale drive profit engine.
By Filipe Pacheco
As the Brazilian economy begins to step off the accelerator, many multinational IT companies doing business here are cutting back on their profit forecasts. However one provider - Sonda IT – is an exception to this rule as it speeds ahead with double-digit revenue growth and a model to become an “aggregator’ for the full expanse of corporate IT requirements.
New York, NY (PRWEB) March 07, 2013
For four years in a row, the U.S. has declined in global competitiveness rankings. The decline is part of a larger problem that many U.S. business leaders are increasingly worried about: If Washington can’t work out its problems how can I as a business leader find innovative human capital and technology solutions to make my business more competitive?
This is one of the central questions being addressed at the 2013 Nearshore Nexus executive conference, where business leaders come together to assess how to improve efficiency, accelerate technical innovation and gear their businesses to be globally ready. The Nexus conference is designed to generate business-specific knowledge and dialogue about the opportunities, risks and advantages of developing strategic relationship in Latin America and the Caribbean.
Keynoting Nearshore Nexus is well-regarded New York Times columnist Joe Nocera, who will deliver …
Major Brazilian Cities to have LTE Services By May
February 28th, 2013BY STAFF REPORT
A majority of telecom operators in Brazil will launch LTE/4G services by the end of April this year and the service will be available in six major cities, according to Brazil’s Communications Minister Paulo Bernardo.
The Minister, who spoke to reporters on the sidelines of Mobile World Congress in Barcelona, informed that telecom operator Claro had already rolled out the service.
Several operators in Brazil have won 2.5GHz licenses in an auction carried out last year.
The Brazilian government is pushing the operators to launch the service at the earliest as there is a need for the country to put infrastructure in place ahead of 2014 Soccer World Cup.
BNamericas quoted Bernardo as saying that the carriers had assured him that they would launch the service in the weeks to come.
What delayed the 4G rollout in Brazil is, according to the Minister, the spectrum required for LTE …
Report: Brazil Unemployment Drops to Record Low
February 4th, 2013BY STAFF REPORT
The unemployment rate in Brazil fell to a record 4.6 percent in December last year from 4.9 percent the month before.
Figures released by the Brazilian Institute of Geography and Statistics (IBGE) show the Brazilian economy is beginning to accelerate again, after somewhat of a slowdown the last two years.
The IBGE said 4.6 percent was the lowest unemployment rate it ever recorded.
Unemployment in Brazil reached to a record 12.4 percent in 2003, but dropped to 6 percent in 2011. Analysts say the job market has been performing extremely well since 2011.
Brazil Minister of Labor Brizola Neto has attributed the jobs growth to President Dilma Rousseff’s economic policy.
For the past two years, Brazil has been stimulating its manufacturing sector offering a wide range of incentives and tax benefits to companies who set up manufacturing units inside the country.
“This …
Foreign Investment Remains a Major Force in Shaping LATAM’s Economic Future
January 28th, 2013BY STAFF REPORT
The European Union (EU) is the ‘largest direct investor’ in Latin America and the Caribbean, investing an average $30 billion annually over the past years, says ECLAC.
But, the Economic Commission for Latin America and the Caribbean (ECLAC) says, countries in South America are the main beneficiaries of the European investment.
However, the UN agency has applauded the European Union for its large investment in Latin America’s R&D centers.
Europe is currently the second trading partner for LAC region, but China could replace Europe by the middle of this decade, the statement added.
For the LAC region, the biggest trading partner is the United States. Between 2000 and 2009, the region’s three largest economies (Brazil, Mexico and Argentina) received 80 percent of their FDI from the United States, according to ECLAC.
The Economic Commission released the data on the eve of ‘EU-Latin …
How is the Brazil IT Brand Performing?
January 28th, 2013Apex-Brazil’s Igor Brandao explains the agency’s game plan to accelerate Brazil’s success in global ICT services.
