Chile May Cut Investment Barriers to Boost Trading
Comments OffChile will seek to ease access to capital markets for foreign investors and authorize new financial instruments such as covered bonds to increase trading, Finance Minister Andres Velasco said.
A bill with the changes will be sent to Congress this week. The government wants to broaden tax breaks for foreigners, allow exchange-traded funds and promote investment [...]
Global Slowdown Biggest Threat To Chile Fincl System
Comments OffA prolonged global economic slowdown and tight international credit conditions remain the biggest threats to Chilean financial stability, Chile’s central bank said Wednesday in its half-year Financial Stability Report.
As the Chilean economy is very dependent on exports, the expected contraction in the global economy due to the international financial crisis will have a strong impact [...]
Chile's $5.7 Bln In New Public Spending Not Seen As Stimulus
The $5.7 billion increase in Chile’s public spending will offset falling tax revenues as the economy skids, but isn’t likely to get it back on the fast track anytime soon.
The government announced Monday it will increase spending this year 14.5% from 2008 as it seeks to boost sagging economic growth and cover the gap in [...]
Chilean orange shipments concern South African exporters
Comments OffSouth African oranges will compete with Chilean oranges for the first time in the U.S. this summer, following the U.S. Department of Agriculture’s approval of the Chilean fruit this summer. This box of South African navels, packed for Costco by A.L.G. Estates, Citrusdal, bears the Western Cape Citrus Producers Forum’s Summer Citrus logo.
“Our market [...]
New Chile LNG supply will not change energy mix
Chile will receive its first shipment of liquefied natural gas later this month, helping to partially diversify gas supply to the South American country.
However, a crash in pipeline gas supply to Chile in recent years led to a massive increase in diesel-fired power generation that LNG imports alone will not reverse.
“LNG will not expand Chile’s [...]
