The Chilean Senate ratified this week the first free trade agreement with Japan and next week Chile is scheduled to begin a round of bilateral negotiations with Australia hoping to reach a similar free trade agreement.
Bolivian president Evo Morales signed Thursday a decree which further advances his controversial agrarian revolution of expropriation of idle land to distribute among the aboriginal population and which is strongly resisted by business sectors.
Chilean Episcopal Conference president Monsignor Alejandro Goic who played a leading mediation role in a labor conflict in the copper mines, said that one of the causes for labor strife are low salaries and suggested that the minimum salary should really be converted into an ethical salary.
Latinamerican economies are much better prepared than in the nineties to face financial turbulences, said on Friday Jose Luis Machinea, Executive Secretary for the United National Economic Committee for Latinamerica and the Caribbean, CEPAL.
Venezuelan government oil company, PDVSA begins this week hydrocarbons exploration in six blocks offshore Cuba, 100 miles from the United States coast, with prospects of finding abundant light crude.
Panama and Royal Caribbean Cruises Ltd. agreed this week to make Panama the starting point for some of its tour operations in a bid to boost the cruise operator's presence in the region and to attract more tourists to the Central American country.
Chilean billionaire and former presidential candidate Sebastian Piñera has resigned as director of airline LAN, less than a month after he was fined for buying shares in the company while in possession of privileged information.
During the second quarter of this year Magallanes in the extreme south of Chile is again the country's region with the lowest unemployment level, 2.8%, while Punta Arenas and Porvenir are among the three cities with less people out of jobs, according to the latest release from the Labor Statistics Office.
Chile's Minister of Defence officially received Wednesday morning in Valparaiso the former refurbished Dutch frigate now under the name of Almirante Riveros. With this incorporation the Chilean navy has completed its Puente II project to replace and renew four of its surface fleet units.
Chile's Director of the Chilean Antarctic Institute, INACH, Jose Retamales Espinoza became the first Latinamerican nominated president of the Council of Managers of National Antarctic Programs, (Comnap). He took the post last July 13 and will be holding it until 2010.