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
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.
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.
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’.
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.
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.
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.
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.
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%.
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.