Tag: Chile

Chile
Tuesday, September 2nd 2014 - 08:40 UTC

Bachelet announces stimuli program for the foundering Chilean economy

“These measures are designed to strengthen and invigorate public investment in the four months that remain in this year,” the president said.

President Michelle Bachelet presented on Monday a 500 million dollars emergency plan to try and rejuvenate Chile's slowing economy via investment promotion. She added that half of the anticipated funding will come from adjustments to the budget while the rest will come from greater structural income from a tax reform that Congress is expected to approve soon

Saturday, August 30th 2014 - 07:54 UTC

Chile's oil corporation plans to pad drill 55 wells for gas in Tierra del Fuego

ENAP current production of gas in 450.000 cubic meters per day

Chile's petroleum corporation, ENAP, is planning to drill 55 non conventional new wells in Tierra del Fuego beginning September until the end of 2015, with the purpose of increasing the current production from 450.000 cubic meters per day to a million cubic meters of 'tight' gas.

Saturday, August 30th 2014 - 07:27 UTC

UK embassy in Chile hosted launching of the Oxford University Alumni Society

Ambassador Fiona Clouder, Chairman of Oxford Alumni Chile Isabel Palma Kucera and Professor Leigh Payne

The British Ambassador to Chile, Fiona Clouder, hosted a reception for the launch of the Oxford University Alumni Society. The event held at the British residence in Santiago was attended by current and former Oxford students, professors as well as other professionals interested in supporting the Society.

Friday, August 29th 2014 - 06:25 UTC

UK expertise to help Santiago's with a 'greener' public transport system

Finn Coyle, Environmental Manager for Transport for London during the conference.

The British Embassy in Chile together with the Metropolitan Public Transportation Department (DTPM) and the consultant company Sistemas Sustentables Ltd., Chile hosted the workshop ‘Improving bus technology within the public transport system of Santiago’.

Thursday, August 28th 2014 - 06:06 UTC

Malvinas: Chile reiterates support for Argentina's claim through dialogue

Minister Muñoz and Filmus at the meeting in which bilateral relations were underlined

Foreign minister Heraldo Muñoz reiterated on Wednesday Chile's support for Argentina sovereign rights over the Falkland Islands, Georgia and South Sandwich Islands during a meeting with visiting Daniel Filmus, head of Argentina's desk relative to Malvinas and other South Atlantic Islands affairs.

Wednesday, August 27th 2014 - 07:12 UTC

Controversy in Punta Arenas on servicing cruise vessels this coming season

According to Punta Arenas port company, 103 cruise vessels will be calling this coming September/April season

Controversy has erupted in Punta Arenas as to the consequences for the cruise season of the damage suffered by the Mardones jetty after a container vessel crashed into its structure.

Wednesday, August 27th 2014 - 06:51 UTC

Argentina and Chile navies in confidence building exercises in Beagle Channel

The exercise identified as “Viekaren” are held annually since both countries put an end to the dispute over Beagle waters and islands

Argentina and Chile announced on Monday the launching of the annual naval exercise known as “Viekaren” (confidence in Yamana language) in the extreme south of the continent where the two countries territorial waters meet.

Wednesday, August 27th 2014 - 02:51 UTC

Chile ready to act as a 'bridge' between Mercosur and the Pacific Alliance

Latin American integration means having “a converging vision so we can be stronger” at global level, said Riveros

Chile is ready to act as a 'bridge' between Mercosur and the Alliance of the Pacific so that Latin American can have a greater presence in the world state, said Chilean Deputy foreign minister Edgardo Riveros during a conference in Sao Paulo at the Lula da Silva think-tank.

Saturday, August 23rd 2014 - 07:14 UTC

Despite overall slowing down in Chile, Magallanes region continues to grow

Despite less Argentines tourists and coal market with little demand, fisheries, aquiculture, beef and wool have helped the region's economic activity

Although overall Chile is undergoing a period of economic deceleration, which the government is trying to address with lower rates and full execution of public works investments, the Magallanes region in the extreme south of the country was among those with the best performance in the second quarter having expanded a healthy 2.8%.

Saturday, August 23rd 2014 - 06:46 UTC

Chilean Peso depreciation expected to continue in coming months

The Chilean currency has slipped 19% versus the dollar since January 2013

The US dollar climbed to 584 Chilean Pesos at the end of trading in the Santiago money market, signaling a slow but steady increase for several months now and with prospects of continuing according to analysts. A greenback at 600 Pesos is not far away according to market analysts.

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