•According to Portafolio.co, the Inter-American Development Bank is willing to finance the $7.6 Billion USD project of the dry canal in Colombia.
•However, neither Colombia nor China has sent a representative to the bank to ask for finance according to its president Luis Alberto Moreno.
•The project is to be financed by the Chamber of Commerce of Colombian Chinese Integration and will be headed by the Railway Group of China.
•Although called the dry canal, the project is a railroad that will extend 220 km from the Pacific Ocean to Cartagena.
•It is meant to compete with the Panama Canal and will be used to transport goods between Colombia and China. Read Article
Comments Off on Inter-American Development Bank Willing to Finance Colombian Dry Canal • Permalink
Anti-mining protests in the region of Puno, Peru that caused five deaths and a road blockages to Bolivia finally ended, this past week, with increased government protocol for the protection of natural resources, reported infobae.com. The strikes often led to bloody confrontations with the police, and the burning of vehicles and buildings as public demonstrations […]
Comments Off on Puno, Peru Mine strikes end after 45 days • Read this post »
•Colombia’s agriculture sector has increased 7.8%, which is the highest increase in 11 years despite the harsh conditions of winter. •Ricardo Sánchez, minister of Agriculture, attributed the increase to President Santos’ policies according to Caracol Radio. •In relation to international prices, transitional crops have increased by 9.4% and permanent crops by 4.8%. •The winter did […]
Comments Off on Colombia, Greatest Increase in Agriculture in 11 Years • Read this post »
ElComercio.com reports that today, shareholders of the company would like to revive the company and not dissolve the Icaro airlines. Icaro says that the company hopes during the liquidation process it will be able to solve the temporary inconveniences that the company is facing. The company also says that they are waiting for current business […]
Comments Off on Icaro Hopes to Reverse Decision to Dissolve Company • Read this post »
According to ElComercio.com the Coordinating Minister for Security, Homero Arellano announced that Ecuador’s Central Bank would buy gold directly from the miners of San Lorenzo and Eloy Alfaro. The announcement was made in Selvalegre, northern Esmeraldas. Furthermore, the government will provide 50 gold extraction machines, to miners through mining associations. The machines cost $9,000 each […]
Comments Off on Ecuador’s Central Bank Will Buy Gold Direct from Miners • Read this post »
Argentina has cut its gas supply to a large group of Uruguayan companies with interruptible contracts this week due to an increase in demand because of cold temperatures in Argentina, according to abc.com.py. These companies pay less for gas at the risk that their service can be suspended, and will use alternative fuel during those […]
Comments Off on Argentina suspends gas supply to Uruguayan companies • Read this post »
The price of bread and pasta in Argentina is at risk to increase in the next couple of days, according to tn.com.ar. In the wake of the disbandment of the corrupt National Bureau of Farm Trade Control (Oncca) earlier this year, flour millers are arguing with the government over a 2000 million peso compensation for […]
Comments Off on Bread prices at risk to increase in Argentina • Read this post »
The new private television channel, began operations in Nicaragua and is being handled by children of the president, Daniel Ortega. The new “Viva Nicaragua Canal 13” is directed by Luciana, Camila Ortega Murillo and Maurice, sons of President Ortega and his wife Rosario Murillo, who also serves as secretary of the Government Communication and Citizenship. […]
Comments Off on Nicaragua, new television station operated by Ortega’s children • Read this post »
Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil. The company will be called LG Agronegocios & Participacoes SA, according to a regulatory filing Wednesday. Los Grobo, which produces soybeans, corn, wheat and sugar in […]
Comments Off on Argentina, soybean producer Los Grobo to offer IPO • Read this post »
Guatemala will become a hub of connection and logistics for world trade when a highway-rail cargo transport corridor linking the Atlantic and Pacific oceans is completed. Read Article
Comments Off on Guatemala, Planned Interoceanic Corridor will compete with Panama Canal • Read this post »
After about 40 years of operation, Icaro Airlines, an Ecuadorian company presented papers for a request of dissolution to the Supervision of Companies (SC), reports ElUniverso.com. Reportedly, the dissolution and liquidation process could take six to eight months. The SC reports that during that time the company can continue its business activities. However, once the […]
Comments Off on Ecuador: Icaro Airline Requests to be Dissolved, Liquidated • Read this post »
Hoy.com.ec reports that a delegation of Ecuadorian officials and businessmen traveled to Mexico Tuesday June 21st to promote their domestic products for trade with Mexico. The Ecuadorian Foreign Ministry says that in 2010 a deficit of $640.2 million was registered for trade between the two countries. Ecuadorian officials will remain in Mexico until Friday to […]
Comments Off on Ecuadorian Businessmen Visit Mexico, Improve Trade • Read this post »
The hotel chains of Hyatt, Intercontinental and Wyndham have confirmed that after evaluating the market and hospitality industry, after the election of Ollanta Humala, they will begin luxury projects in Peru, reports ElComercio.pe. Hyatt is investing $50 million while the Intercontinental and Wyndham chains will invest $30 million says the present of the National Chamber […]
Comments Off on Three Hotel Chains Stick To Investment in Peru • Read this post »
According to ElComercio.pe the National Chamber of Tourism, Canatur, will present President-elect Ollanta Humala with a tourism development plan for the next five years. The plan has three proposals: creation of a ministry of tourism, creating ‘noramazonico’ and central Peruvian tourism circuits, and a state investment of $5 billion for tourism projects. Carlos Canales, director […]
Comments Off on Peru, Ministry of Tourism Proposed • Read this post »
According to ElComercio.com the Metropolitan Municipality was presented with the preliminary study for a metro in Quito, on Tuesday June 21st. Francisco Javier Gomez, from Metro Madrid, indicated that average fare per passenger would be $0.40. The project will begin with one line, Linea 1, from Quitumbe, in the south of the capital to El […]
Comments Off on Ecuador: Preliminary Study for Metro in Quito • Read this post »
Anedes.info.ec reports that Ecuador signed a Multilateral Ibero-American Agreement on Social Security on Monday in Madrid, Spain. The agreement concentrates on guaranteeing equal treatment and future pension for workers in the participating countries. According the article, the agreement arose from the need to protect individual rights of the millions of migrant workers and their families […]
Comments Off on Ecuador Signs Multilateral Social Security Agreement • Read this post »
According to Hoy.com.ec six blocks of oil fields in Armadillo, Chanangue, Charapa, Eno-Ron, Ocano and Singue, located in the Amazon region, are open for bidding contacts, states the Ministry of Non-Renewable Resources. The bidding process is open until August says the Ministry. Interested companies will have to pay a registration cost, $10,000 and will be […]
Comments Off on Ecuador: Six Oil Fields Open for Bidding • Read this post »
RPP.com.pe reports that starting June 21st Air France will begin offering five daily flights from Paris to Lima. The airlines says that it will assess whether to extend the flights after viewing customer demand and negotiating agreements with local carriers for flights that include Cusco. Air France is investing 100 million euros plus a million […]
Comments Off on Peru: Air France Restart Lima Flights • Read this post »
According to ElTiempo.com.ec the Directorate of Civil Aviation, DAC reported that it has suspended Air Cuenca flights since the company has not complied with repair plans for an aircraft. A Boeing 737 owned by the company had a ‘mishap’ when leaving the runway of Mariscal Lamar on May 13th. No one was hurt. However, the […]
Comments Off on Ecuador: DAC Suspends Air Cuenca Operations • Read this post »
According to Andina.com.pe more than 3,700 Peruvian businesses were inspected nationwide by a joint operation between two government agencies. The operation was to verify that the business did not violate Peruvian laws of human trafficking. Adolfo Alarcon, a director at the Ministry of Labor says that more that two million adolescents between 6 and 17 […]
Comments Off on Peru: Operations Against Companies to Halt Child Trafficking • Read this post »
Twelve policemen and a cooperative miner are missing as a result of a dynamite explosion during a violent confrontation between uniformed and cooperative employees of a mine during early hours of Tuesday in the mining center of Sayaquira, Inquisivi province of La Paz. Read Article
Comments Off on Bolivia, confrontation at mine leads to missing police in explosion • Read this post »
An anonymous source has revealed that on Friday, June 17 Mazda Motor Corporation will announce plans to open a new car plant in Mexico, CNN reports. The Japanese company currently has car plants in the United States, China and Thailand; this new compact car assembly plant will be the fourth located outside of Japan. Construction […]
Comments Off on Mazda to open new car plant in Mexico • Read this post »
According to ElComercio.pe this open skies aviation agreement will reduce travel costs up to 10%. Today, Thursday June 16th, released a legislative resolution about an Air Transport Agreement between Panama and Peru. This agreement outlines policy of open skies between the two countries and is subjected to a few rights that relate to the commercial […]
Comments Off on Peru, Panama Flight Unlimited and Unrestricted • Read this post »
According to Ecuadorenvivo.com Ecuador’s secretary of commerce and investment meet with officials from Turkey’s Ministry of Industry and Trade Wednesday June 15th to discuss the possibility of entering into a technical cooperation organization specialized in SMEs, small and medium enterprises, of Turkey. The trade agreement wishes to expand access to international markets for Ecuadorian projects […]
Comments Off on Ecuador, Turkey Strengthen Cooperation for Small Businesses • Read this post »
•In Peking, Colombia’s portafolio.co spoke with Enrique Dussel, the director of the Center of Chinese-Mexican Studies of Unam, who gave his view on how Latin America should approach Chinese business and involvement in the area. •One improvement he suggests is the increase of foreign exchange students between the two regions. •Lingual and cultural understanding is […]
Comments Off on How Latin America Should Promote a Relationship with China • Read this post »
•Due to the effects of the winter, coffee production has suffered a 18% decrease from May 2010 according to Fedecafe as reported by caracol.com.co. •Coffee growers are making attempts to increase production and fight against La Roya de Cafeta which affects the growth of the crop. •However, so far in 2011, Colombian coffee production has […]
Comments Off on Coffee Production Falls 18% in May, Colombia • Read this post »
According to LaHora.com.ec the government has decided to backtrack on an issue of their tax reform and review the tax on cars. The basis of electrical consumption for subsidy elimination was changed as well. Also, the green tax is under review. The business community believes that these moves are politically motivated. President Rafael Correa stated […]
Comments Off on Ecuadorian Government Withdrawals Parts of Tax Reform, Electrical Tariffs • Read this post »
According to LaHora.com.ec residents of Tungurahua tried to prevent Coanda machinery from entering the new San Francisco hydroelectric power plant with sticks and stones. About 40 families in the area burned tires and tried to block the entries of the plant with tractors. The residents are upset since they say that the contractor does not […]
Comments Off on Ecuador: Black River Outrage, New Hydroelectric Plant • Read this post »
According in Hoy.com.ec Interior Minister Jose Serrano and Security Minister Homero Arellano defended the military operation where 67 “retroescapadoras,” or earthmover used for illegal mining and extraction by small-scale miners in the San Lorenzo canton. The two ministers state that in eight months these miners were able to extract more than USD 100 million without […]
Comments Off on Esmeraldas, Ecuador: Ministers Defend Mining Intervention • Read this post »
ElComercio.com updated the figure of loans that are going to be made to the Ecuadorian government by the Chinese. This figure that was originally release as USD 1 billion was updated Tuesday June 14th at 3:52 p.m. to a figure of USD 2 billion. The loans will be made in segments of USD 1 billion. […]
Comments Off on UPDATE: Ecuador to Receive USD 2 Billion in Chinese Loans • Read this post »
•This morning, Brigade 18 of the Colombian Army freed the Head of Security, Carlos Rodríguez, and a driver of the oil company Oxy after they had been kidnapped Monday around 1:00 p.m. by the ELN per El Tiempo. •Rodríguez is the Head of Security of the Gibraltar natural gas plant. •The army arrested Juan Carlos […]
Comments Off on Colombian Army Rescues Two Kidnapped Oxy Employees • Read this post »
According to ElComercio.com President Rafael Correa confirmed the increased tax on plastic bottles during a government visit to Guayaquil. Correa dismissed the twitter announcement made by Environmental Minister, Marcela Aguinaga that stated there was a review on whether to charge the bottle tax. When Correa spoke to the press he dismissed the idea of increasing […]
Comments Off on Ecuador: Correa Confirms Bottles Tax, False Twitter Statement • Read this post »
Russia is banning meat and other livestock product imports from 89 manufacturers in three Brazilian states for not meeting Russian standards on June 15, Alexei Alexeyenko, spokesman for Russian food safety watchdog Rosselkhoznadzor, told Interfax. Read Article
Comments Off on Russia ban on meat imports from Brazil • Read this post »
Thirty years after he first visited Brazil’s Amazon to observe natural gas seeps, geologist Marcio Mello is back to fulfill what he gleefully calls his “destiny” — to lead a rush for the region’s oil. Mello, chief executive of the recently listed firm HRT (HRTP3.SA: Cotización), has convinced a range of investors — including one […]
Comments Off on Brazil geologist seeks oil, ‘destiny’ in the Amazon • Read this post »
VEB-leasing, Russian Helicopters Partner Russian Helicopters and VEB-leasing recently signed an agreement that covers the Latin American aviation market. Russian-made helicopters currently make up 20 percent of the region’s military market. Read Article
Comments Off on VEB-leasing, Russian Helicopters Partner • Read this post »
New third party agent agreements include a multi-territory deal with IMC International Merchandising Consultants for Argentina, Bolivia, Paraguay and Uruguay; BLG Brand and Licensing Group for Brazil; Doce andFriends for Chile; and Andeli in Peru. The agents join Telvisa Consumer Products which represents the brand in Mexico. Read Article
Comments Off on Pocoyo expands in Latin America • Read this post »
A former management board member of Siemens AG (SIEGn.DE) has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said on Tuesday. Read Article
Comments Off on Argentina, Prosecutors charge ex-Siemens manager with bribery • Read this post »
GOL Linhas Aereas Inteligentes S.A. (GOL – Analyst Report) recorded a y-o-y demand growth of 12.3% and 16.7% on its domestic and international route network, respectively. GOL’s total load factor reached 62.9% in May, up 5.0 percentage points year over year while yield remained close to R$19.00 cents. The company aims to improve aircraft productivity […]
Comments Off on Brazil, GOL’s Demand Grows, Aims Improvement • Read this post »
According to ElComercio.com many highways are built or being constructed in order to connect the countries together. Verdu, an Ecuadorian construction company, entered Peru in 2007 to build roads. Verdu won a contract to build a 65 km road between Sullana and Alamor. Many Ecuadorian tourists use this highway to enter Peru. The company worked […]
Comments Off on Ecuadorian Companies Comfortable in Peru • Read this post »
The office of Ecuador’s Attorney General will represent Ecuador in Washington at a June 30 hearing in the arbitration case filed against the Andean country by U.S. oil company Occidental Petroleum Corp. (OXY). Ecuador’s Attorney General Diego Garcia said in a press release that the final decision on the case could be known in the […]
Comments Off on Ecuador Prepares For New Hearing In Occidental Petroleum Case • Read this post »
When the Chiquita Banana Company turned over to the U.S. Justice department thousands of documents, they revealed the company’s involvement with paramilitary groups such as AUC, guerrillas, and the military in Colombia. The article by the National Security Archive links to these Chiquita Papers, which describe the company’s strategies to hide the payments to these […]
Comments Off on Chiquita Banana Company’s Involvement with Paramilitaries and Guerrillas, Colombia • Read this post »
•Having one of the highest unemployment rates in the European Union, Spaniards have been moving mostly to Latin America in order to find work as 20.7% of the Spanish population is without work per dinero.com. •Colombia is 10th among the countries that Spaniards travel to in order to find work with countries such as Argentina […]
Comments Off on Colombia, 10th Destination for Spaniards Seeking Work • Read this post »
Recently, the Guayaquil Chamber of Commerce has become concerned about the economy of Ecuador report Expreso.ec. Even with high oil prices, the Commerce is concerned that the government has not made progress in the country’s growth. Eduardo Pena, the newly elected union president says that even with more economic resources than any previous administration, Correa’s […]
Comments Off on Businesses Are Critical of Ecuador’s Economic Management • Read this post »
Korean firms investing in the energy sector in Peru have closely watched the Latin American country after a left-wing presidential candidate won the run-off election on June 5. Analysts say Ollanta Humala, president-elect, will need to find financial resources to realize his policy vision of giving more benefits to the poor in education and welfare.
Comments Off on Korea, watching change in Peru regarding investments • Read this post »
Australis Seafoods SA raised $71 million today in the third initial public offering by a Chilean salmon farmer in six months as the industry rebounds from a virus that cut output by 39 percent. Read Article
Comments Off on Chile Salmon Recovery from Virus Spurs Third IPO by Farmers in Six Months • Read this post »
This is IMPSA’s first wind turbines in Uruguay, it is sited in the Departments of Lavalleja and Maldonado, Some 10 km from the city of Minas. Impsa, VENTI-through subsidiaries ITS ENERGY SA and InnoVent SA, Has Been Awarded a wind power plant from a bid Promoted by the Government of Uruguay-through UTE (National Electric Power […]
Comments Off on Uruguay, Wind Farm started • Read this post »
A leading champion of the battle against genetically modified food is switching sides. The government of Bolivian President Evo Morales confirms it has sent Congress a measure to ease the use of genetically modified foods. Read Article
Comments Off on Bolivia government switches, will allow expanded use of genetically modified foods • Read this post »
A gold rush that accelerated with the onset of the 2008 global recession is compounding the woes of the Amazon basin, laying waste to Peruvian rain forest and spilling tons of toxic mercury into the air and water. Read Article
Comments Off on Gold rush ruining Amazon jungle, South America • Read this post »
According to Travelupdate.com.pe the Ministry of Transportation and Communications (MTC) granted permission to Peruvian Airlines to begin operating flights to 27 countries worldwide. Air transport will consist of passenger, cargo and mail flights from Jorge Chavez International Airport in Lima. MTC will allow the airline to expand operations for four years. Peruvian Airlines must prove […]
Comments Off on Peruvian Airlines, New Flights to 27 Countries • Read this post »
•Colombian investigators of the Universidad de La Salle started to put forth attempts to bring the Chinese paulownia tree to Colombia after learning of its benefits such as absorption of carbon gas, provision of wood, and nourishment according to eluniversal.com. •Economically speaking the tree is beneficial as it absorbs about 50% of carbon gas in […]
Comments Off on Chinese Tree Holds Many Possible Benefits for Colombia • Read this post »
Attracted by the fame of the Habanos cigars, hundreds of tourists tour tobacco plantations and cigar factories in this Cuban province, the birthplace of the best tobacco in the world. While some prefer to visit the fields where the aromatic plant grows – under the sun or soft covers – others admire the dexterity of […]
Comments Off on Cuba, tourist tobacco route • Read this post »
According to ElUniversal.com Ecuador will use the Sucre for all public transactions with Venezuela. The Sucre is a ‘virtual currency’ established to reduce the dominance of the dollar in international markets. The Single System for Regional Clearing (Sucre) was created by the Bolivian Alliance for the Peoples of Our Americas (ALBA). In July 2010, the […]
Comments Off on Ecuador and Venezuela Negotiate Business in Sucres • Read this post »
In April 2011, nearly 13 million people age 15 and older accessed the Internet from a home or work location in Argentina spending an average of 26.9 hours online during the month. Microsoft Sites led as the most-visited online property reaching nearly 12.4 million unique visitors, representing 95.1 percent of the entire online population. Google […]
Comments Off on Argentina, Facebook Users Spend 9 Hours a Month on Site • Read this post »
Empresas La Polar SA plunged a record 29 percent in Santiago trading after the department-store operator said it may lift loan-loss provisions by $427 million. Read Article
Comments Off on Chile, La Polar Posts Record Drop in Loan-Loss Provisions • Read this post »
•Since last year, the number of people traveling to Cartagena by cruise has increased by 5.3%, and in the 2010-2011 season, cruises have brought in $40 million USD to the city according to eltiempo.com. •The cruises have brought in economic benefits to taxi drivers, artisans, restaurants and many other entities in the city. •The Sociedad […]
Comments Off on Cruises Bring in $40 Million USD to Cartagena, Colombia • Read this post »
•The Colombian oil company, Ecopetrol, due either to the poor condition of piping and equipment or other operational difficulties, has spilled 15,000 barrels of crude oil thus endangering the environment per portafolio.co. •The Comptroller of Colombia points out Ecopetrol’s lack of attention to the environment in the areas in which it operates. •The company recognizes […]
Comments Off on Ecopetrol Spills 15,000 barrels of Crude Oil in Last 3 Years, Colombia • Read this post »
You may not have heard much about the bus dispute recently, but things aren’t going too smoothly in that arena. That’s because “D and E”, the bus line out of the west – which gave up some runs to the BBOC last week – is unhappy about having to make those concessions. All this week […]
Comments Off on Belize, bus dispute • Read this post »
It is one of the most perilous air routes in the world. Colombian pilots fly through storms in decrepit planes over dense forests to deliver food and goods to villagers isolated from the rest of the world. Jumping off point is Villavicencio, a city in the foothills of the Andean Cordillera. The destination is any […]
Comments Off on Colombia, Daredevil Pilots of the Jungle • Read this post »
From El Economista: ● Unrest and violence on the northern border between Mexico and the US have negatively affected businesses, especially in the Mexican state of Tamaulipas ● The unrest has led residents of Texas to stop crossing the border to buy goods; business owners in Tamaulipas have decided to institute an “express service” and […]
Comments Off on Mexico: Unrest changes how goods are sold to the United States • Read this post »
● Drought season is worst in over 20 years; over 40% of country affected ● More than 3.5 million farmers are on the brink of bankruptcy, advises National Agricultural Workers Confederation (CNC) ● More than 8900 fires have ravaged over 1.32 million acres; majority of fires burning pastureland for 10 million head of livestock ● […]
Comments Off on Mexico on High Alert During Historic Drought • Read this post »
•The Ecuadorian Banco Pichina is planning to open branches in several Colombian cities such as Bogotá, Cali, and Medellín thus replacing the Inversora Pichincha S.A. Compañía de Financiamiento, the name used since 1994 per elcomercio.com. •Banco Pichina is also planning to open branches in another 10 Colombian cities. •According to the executive president of the […]
Comments Off on Ecuadorian Banco Pichincha Opens Branches in Colombia • Read this post »
Company Increases Cargo Capacity on 19 Weekly Flights in Central and South America With Latin American economies showing solid growth, UPS has significantly expanded the capacity of its express air network throughout the region. Effective last week, UPS increased its cargo capacity by more than 50 percent on 19 weekly flights into Central and South […]
Comments Off on UPS Expanding Capacity of Air Network in Latin America • Read this post »
•In Colombian society, Venezuelans have made a name for themselves in the fields of art, music, and even television, and this influx of immigrants has its roots in the dismissal of workers in the petroleum industry in Venezuela. •Semana.com calls the reason for the first wave of immigrants the P factor. Hugo Chávez dismissed 18,000 […]
Comments Off on Influx of Venezuelan Immigrants to Colombia • Read this post »
As caracol.com.co reports, in response to the rise in regular and diesel fuel in Colombia, a project to help stop the rise in prices will be up for approval in the Congress of the Republic starting Wednesday. The new plan will attempt to lower fuel prices by 1,000 to 1,500 pesos. Since December 2010, gas […]
Comments Off on Colombia, Plan to Reduce Gas Prices • Read this post »
Chile’s fourth biggest copper mine, Codelco’s El Teniente, saw output more than halved on Saturday as staff workers stayed off the job due to fears raised by violent protests this week by striking contractors, the company said. Read Article
Comments Off on Worker protest hits Chile copper mine output • Read this post »
Carmanah Technologies Corporation (TSX:CMH.to – News) (Pink Sheets:CMHXF.pk – News) is pleased to announce that a large international airport in Latin America has chosen Carmanah A704-5 solar powered aviation runway and A650 taxiway lanterns as their lantern of choice for emergency back-up airfield lighting for both of the runways on the airfield. The value of […]
Comments Off on International Airport in Latin America Selects Carmanah Airfield Emergency Back Up Lighting Valued at Almost $800,000 • Read this post »
According to LaHora.com, Non-Renewable Resources Minister, Wilson Pastor says that the government approved an initial amount of USD 5 million to reintegrate miners in Esmeraldas after illegal activity ceased their activity. In Zamora Chinchipe, where 46 families live off of illegal mining, now will be able to work with the state through the National Mining […]
Comments Off on Ecuador, Government Approves USD 5 Million to Assist Miners in Esmeraldas • Read this post »
La Hora reports Ecuadorian business representatives met yesterday to address the government divisions surrounding trade with the European Union. Ecuadorian president of the Business Committee (ECC) Blasco Penaherrera says that with no clear trade policy statements made by government officials can create conflict. The Ecuadorian Deputy Foreign Minister Kintto Lucas stated that EU free trade […]
Comments Off on Ecuador, Divisions in Government on Trade Isolate Country, According to Companies • Read this post »
•According to a study done by Competencia Humana, one out of every ten diplomas given by potential employees were false per portafolio.co. •In the study, 20% of the falsified documents were from schools that did not exist and 15% of the cases involved complicity between the forger and the academic institution itself. •Only 15% of […]
Comments Off on Colombia, 1 in 10 Diplomas Presented for Job Opportunities are Fake • Read this post »
•A report from ar.reuters.com states that inflation in Colombia will be .2 % in May of 2011 a .1% increase from May 2010 due to the rainy season’s effect on crops and food prices. •At the close of 2011, inflation is expected to be 3.2 %. •At the end of 2012, inflation is expected to […]
Comments Off on Inflation Rises Due to Rainy Season in Colombia • Read this post »
•The Vice minister of Health of Colombia, Beatriz Londoño, spoke about the Convenio Marco para el Control del Tabaco as reported by eltiempo.com. •The agreement will focus on areas such as the prohibition of smoking in public areas, sale of cigarettes, and the advertisement of tobacco products. •Colombia has some of the lowest prices on […]
Comments Off on Heavier Restrictions on Cigarettes in Colombia • Read this post »
The first Asian factory of industrial and residential lifts in Brazil will be built in the southern state of Rio Grande do Sul, it was announced Sunday in Seoul, Korea by the Hyundai Group.Read Article
Comments Off on Hyundai Group signs agreement to build industrial lifts plant in Brazil • Read this post »
Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy. Read Article
Comments Off on Brazil plans massive infrastructure investment in next four years • Read this post »
FedEx Express launched direct international service in Colombia this week, setting the stage for improved global access for exporters of key goods including flowers, coffee and textiles.Colombia joins Costa Rica, Guatemala and Panama among Latin American nations where FedEx is investing in direct service by building out delivery, operations and customer service infrastructure. The move […]
Comments Off on Colombia, FedEx launches direct service to Colombia • Read this post »
•A study by Cepal states that China invested $15.251 billion USD in 2010, which was 9% of Latin American income making it the third investor in the region per opinon.eluniversal.com. •99% of Chinese investment was focused on Argentina and Brazil in 2010. •In 2011, China is planning to invest $22.74 billion dollars with Brazil receiving […]
Comments Off on The Expansion of China in Latin America • Read this post »
Peru’s Ministry of Energy and Mines (MEM) said Monday that eleven mining projects worth more than US$16.5 billion are currently underway around the country after the approval of their respective environmental impact studies. According to MEM’s monthly bulletin, four of these projects will begin operations in 2011 and 2012. Read Article
Comments Off on Mining projects worth US$16.5 billion underway in Peru • Read this post »
The newly-appointed Peruvian Ambassador to Qatar, Julio Florian, said his country hopes to establish strong relations with Qatar in terms of bilateral trade and cultural field and for both nations to have a common political goal. The Peruvian embassy opened its doors in March 2011 in parallel to another one in Kuwait and a General […]
Comments Off on Peru seeks better ties with Qatar, says envoy • Read this post »
Peru and Japan on Tuesday signed a bilateral free trade agreement (FTA) which will promote the liberalization and facilitation of trade and investment between the two countries. The Economic Partnership Agreement (EPA) was inked by Japanese Foreign Minister Takeaki Matsumoto and Peruvian Foreign Trade and Tourism Minister Eduardo Ferreyros in Tokyo. Read Article
Comments Off on Peru and Japan sign free trade deal in Tokyo • Read this post »
•Minister of Minas and Energy, Carlos Rodado Noriega, affirms that after months of investigation, they have ascertained that old drug traffickers have been using the gold mining industry to launder money per rcnradio.com. •According to the minister, they have found 9,000 issued securities and 19,600 requests. Noriega states that one of the problems in Ingeominas’ […]
Comments Off on Old Narcotraffickers Use Gold Mining to Launder Money, Colombia • Read this post »
Telmex, as the Mexico City-based company is known, dropped 6.4% to 10.18 pesos. The shares have risen 1.7% in 2011, compared with the 7.6% slump in the Mexican IPC index. The phone carrier controlled by billionaire Carlos Slim’s America Movil SAB can’t sell TV service because it hasn’t met some conditions of its license, including […]
Comments Off on Major setback for Mexican telecommunications tycoon and richest man in the world • Read this post »
Japanese telecoms corporation NEC is aiming to increase its 2010 revenue in Latin America tenfold by 2017 to US$5bn and expects its cloud computing partnership with Spain’s Telefónica (NYSE: TEF) to kick off in Argentina in June, Carlos Martinangeli, CEO of NEC Argentina and COO for NEC Latin America, told BNamericas. Read Article
Comments Off on NEC to increase revenue in Latin America • Read this post »
Indigenous protesters opposed to a Canadian company’s plans for silver mine in the southern highlands of Peru sacked public buildings and set fire to several vehicles in the regional capital of Puno Thursday. Read Article
Comments Off on Opponents of Canadian miner sack buildings in Peru • Read this post »
Argentinean beef consumption will remain low at least until 2014, as a result of restricted supplies driven by the loss of 11 million cattle during the last four years (Infocampo). According to research by local analysts, although local consumers have accepted the higher beef prices (redirecting considerable volumes from export markets), beef supplies will not […]
Comments Off on Argentina – Drop in beef consumption • Read this post »
The works of eight artists from Latin America reached record prices this Friday in an auction held by Christie’s in New York, where he noted the more than one million dollars paid for a painting by Mexican Miguel Covarrubias. Read Article
Comments Off on Eight Latin American artists achieved record prices at auction in New York • Read this post »
The Venezuelan government criticised the Obama administration’s move to impose sanctions on Venezuela’s state oil company Pdvsa, calling the sanctions an “imperialist attack” against Venezuela.The U.S. State Department enforced the sanctions in an attempt to put further pressure on Iran to halt its nuclear programme by penalising companies which continue to trade with the Islamic […]
Comments Off on Venezuela Condemns U.S. “Imperialist” Sanctions • Read this post »
“It has become hard to find sufficient qualified labour both for us and for the construction companies, particularly when in the rest of the country there is such activity”, said Erwin Kaufmann, General Manager of the Montes del Plata project which is jointly owned by Chile’s Arauco and Swedish-Finnish Stora Enso, (SEOAY, STERV.HE), two leading […]
Comments Off on Construction of Uruguay’s second pulp mill begins with concern on costs in Pesos • Read this post »
The Uruguayan port grew by 14.2% in the movements in 2010 compared to the previous year, taking up 671,952 TEUs (unit of measurement equal to a 20-foot container), while Rio Grande handled 647,188 TEUs, representing an increase only 2.8% in 2010. Read Article
Comments Off on Uruguay, Montevideo port ranked ahead of Brazil’s Rio Grande in 2010 • Read this post »
A study by the Escuela de Estadística de la Universidad de Costa Rica (UCR) – School of Statistics of the University of Costa Rica – reveals that there was an increase of four percentage points with respect to expectations in finding a job three months ago. But, that is of no comfort to many young […]
Comments Off on Six out of ten Costa Ricans fear of not finding work • Read this post »
1000 people are marching to la Plaza de Bolívar to protest the Colombian government’s new policies that they say will end small cellphone vendors as revealed by eltiempo.com. Authorities recommended that commuters take alternate roads to avoid the crowds. Read Article
Comments Off on 1,000 Colombians Protest Cellphone Regulation • Read this post »
•Eltiempo.com relates the case of Pompeya agriculturist José Adonaí Sánchez who has used rice seeds not approved by the ICA, and although they come at initially lower costs, they require greater expenditures in pesticides. •Thus, it is suggested that farmers use seeds approved by the ICA in order to ensure the quality of the final […]
Comments Off on Colombia, Pirated Seeds Cause Greater Costs Despite Initial Savings • Read this post »
•Portafolio.co reports that due to difficulties such as floods that have slowed production and transport of cement in Colombia, prices have risen 15% according to President of Holcim, Miguel Angel Rubaltava. •However, he mentioned that construction was doing with levels not seen since 1992. Read Article
Comments Off on Colombian Cement Prices Rise Due to Winter Conditions • Read this post »
Argentina and Brazil are making big sales as Egypt begins to buy large quantities of soybean oil from the South American countries in place of the more expensive sunflower oil. Oil analyzers Oil World says Egypt could import 290 thousand tons of soybean oil from January to May of 2011, compared to 157 thousand tons […]
Comments Off on Argentina and Brazil exports of soybean oil to Egypt up 120% • Read this post »
•Semana.com reveals that the British American Tobacco company plans to buy the Productora Tabacelera de Colombia S.A.S. (Protabaco) for $452 Million USD. •This will make the British American Tobacco company the second largest tobacco company in Colombia and fourth largest in Latin America. Read Article
Comments Off on Colombia, Protabaco Sold to British American Tobacco for $452 Million • Read this post »
Departmental Federation of Drivers of La Paz confirmed that require a hike in fares by up to 30 percent in the Social Summit of Public Transport, which is organized by the Mayor of La Paz. Read Article
Comments Off on Bolivia, La Paz Carriers ratify rate hike of 30 percent • Read this post »
Bolivia on Tuesday urged Argentina to clear up the blockage of a border river in Argentina’s northeastern Formosa province to save the livelihood of Bolivian fishermen. Bolivia says the blockage of the Pilcomayo River in the Argentine province has put local Bolivians in deep water as they depend almost exclusively on fisheries. Read Article
Comments Off on Bolivia asks Argentina to clear border river blockage • Read this post »
•The Superior Council of Fiscal Policy passed the reduction of tariffs on vehicles running on hybrid, electrical, or natural gas motors by 15% according to rcnradio.com •The Ministry of the Environment expresses hope that this action will help to improve the environment and air of Colombia by reducing the emission of harmful gases. Read Article
Comments Off on Imported Clean Technology Vehicles Receive 15% Tariff Reduction in Colombia • Read this post »
Mobile phone company Personal is bringing the brand-new Windows phone, LG Optimus 7, to Argentina this week, according to impulsonegocios.com. First released in the United States in November of 2010, Microsoft claims the new interface for the phone differs drastically from past versions and from its competitors like iOS by Apple and Google Android. New […]
Comments Off on Windows Phone 7 coming to Argentina • Read this post »
The Department of National Tourism confirmed that construction will begin on June 1 for the first 6-star hotel in South America. The luxury hotel will be part of the Mansions of the World chain owned by the investment group Vedanta, who predicts the project will cost close to $75 million. According to tiempo.elargentino.com, the hotel […]
Comments Off on Six-star hotel to be built in Puerto Madero, Argentina • Read this post »
Executives pay 50% more than the price of a car to have it armored, according to cronista.com. After buying a $20 thousand car they spend $30 thousand to have it protected. The Volkswagen Bora is the most commonly armored car in the country because it is one of the most inconspicuous. Because of the dangerous […]
Comments Off on Argentine executives spend big bucks to armor cars • Read this post »
Noodles, milk, meats, preserves, fungicides and other products were confiscated by the City of Imbabura because its use-by date had expired. The situation was repeated in various outlet centers. Read Article
Comments Off on Ecuador, expired products destroyed by authorities • Read this post »