Updated on 02/15/2022 04:09 pm The Chilean Constitutional Convention formally began on Tuesday the debate on the content of the new Magna Carta, which will replace the one inherited from the dictatorship of Augusto Pinochet, with some issues that have generated controversy in recent weeks. The creation of a unicameral Congress, the nationalization of mining […]
Tag: chili
JPMorgan and Scotiabank: Chile should evaluate emergency hike
Updated on 02/09/2022 03:30 am The Central Bank of Chile should consider an interest rate hike before its next policy meeting, after inflation surprised investors by more than doubling expected, according to JPMorgan Chase & Co. and Bank of Nova Scotia. Inflation expectations are rising, and waiting until the March 29 rate meeting to raise […]
Chile, world copper giant, saw its production fall 1.9% in 2021
The copper production in chili, the world’s largest producer of the metal, fell 0.6% year-on-year in December, accumulating a decline of 1.9% in all of 2021, according to figures released by the Government of that country. The National Institute of Statistics (INE) reported that the country added 503,605 tons in the last month of last […]
Mining companies and agre-export companies run out of water in Chile: reform of the Water Code in the making
Water in the desert. The Commission on the Environment and Economic Model of the Constitutional Convention of Chile, responsible for preparing the new Magna Carta, has approved this Thursday a rule that repeals the current Water Code, in force in its third version since 1981. According to the newspaper La Tercera, the proposal, presented by […]
Chileans gain weight as buyers, investors and entrepreneurs in Florida
Figures from the Florida Association of Realtors show that Chileans are gaining weight among foreigners who buy properties in this state, a trend that industry sources believe will last and that they link to political and economic changes in the country. . A wave of entrepreneurs, companies and investors from Chile are arriving in cities […]
Level of uncertainty low but continues to be important in the business climate in Chile
Uncertainty remains important for the business climate this year in Chile despite the fact that it has reduced compared to the end of last year, with concerns about inflation and investment plans awaiting political definitions, said a report. of the Central Bank of Chile (BCCh). At Business Perception Report February, the companies consulted report that […]
Chile signals tax hike in the face of greater ‘social pressures’
Chile’s government will need to increase revenues to cope with growing “social pressures,” according to one of the country’s top economic policymakers. “In the future we believe that we will need more tax revenue”, said in an interview for Bloomberg TV the Minister of Finance, Rodrigo Cerda, 48, who will leave office shortly. He also […]
Pensions and cannabis, popular proposals to be debated by the Chilean Constituent Assembly
Protecting pension funds, defending private freedom and legalizing cannabis are the three popular initiatives that received the most support among citizens and that should be discussed by the convention in charge of drafting a new Constitution in Chile. There are at least 64 rule proposals that obtained the 15,000 signatures necessary to be included in […]
Remote possibility of radical measures in Chilean mining
Chile’s mining industry could face its biggest transformation since the nationalizations of the 1970s, as a convention dominated by leftist and independent members drafts a new constitution. But there are reasons to think that the most radical proposals will not prosper. On Tuesday, the Environment Commission of the Constitutional Convention approved a proposal to nationalize […]
Mining companies in Chile reject eventual constitutional norm to nationalize copper industry
Updated on 02/01/2022 06:55 pm Mining companies operating in Chile have shown “extreme concern” over a proposal to nationalize the vital copper industry, as part of the discussion of a new Constitution in the country. Earlier, the Environment Commission of the Constitutional Convention approved a rule “for the Nationalization and New Social and Environmental Management […]