Punta Arenas in the extreme south of Chile is experimenting with an on line booking system for hostels and home lodgings which should be fully operational by next mid January, reports the local press.

A former Royal Air Force Vulcan bomber has made her first flight in 14 years after a restoration project said to be probably one of the longest and costliest in the history of British aviation.

Air Comet Chile, known until recently as Aerolíneas del Sur, is now the largest domestic carrier after LAN Chile, with 18% of the market. The figure represents a 10% increase in market-share in just under a year.

Latinamerica and the Caribbean are forecasted to grow between 4.9 and 5% this year according to the World Bank's chief economist for the region Augusto de la Torre.

THERE is good potential to find significant volumes of oil and gas in the Falkland Islands. That's the optimistic message from oil industry representatives who were in the Islands last week for a series of meetings with the government, private sector and military.
Chile Summer time begins midnight Saturday when clocks have to be advanced sixty minutes. This leaves Chile three hours behind Greenwich meridian time, GMT.

Seven South American countries agreed to establish Banco del Sur, a regional development bank championed by Venezuelan President Hugo Chavez, in an effort to expand regional trade and growth with their own resources.

President Michelle Bachelet opened the 8th annual Biarritz Forum Monday with a speech urging unity across Chile's social and political sectors. The President welcomed business leaders and government officials from across Latin America and Europe to the annual conference, held this year at the Casa de Piedra in Santiago's Vitacura borough.

Costa Rica's president Oscar Arias declared victory Sunday in his drive to join a free trade deal with the United States, announcing on television that voters had backed it in a referendum.

Alan Greenspan, who served for 19 years as chairman of the Federal Reserve and has made a new splash with a memoir critical of Republicans and the Bush White House for not getting better control over federal spending, says today that the odds of a recession in coming months are less than 50-50.