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July 15, 2013

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EXCLUSIVE Chilean protests seek better quality of life

Protests began Wednesday night in Santiago in front of the presidential palace

In the latest of a series of protests to hit emerging markets, Chile’s largest unions and student groups called a national strike on Thursday demanding improvements to the country’s quality of life. Protesters posed diverse demands, including a rise in the minimum wage, tax and labor reforms, and quality free public education, Latin Business Chronicle reports.

Costa Rica is Latin America's leader in Global Innovation Index

Country climbed 21 positions since last year's ranking

According to the Global Innovation Index 2013, Costa Rica came in at number 39 this year and is the first Latin American country on the list.The report ranks the innovation performance based on 84 indicators such as political and business environment, human capital, education, market sophistication, investment and knowledge creation and diffusion, The Costa Rica News reports.

Peru to award projects worth $2 billion

Sectors include electricity, telecoms and transport

Peru plans to award concessions for 12 private investment projects worth up to $2 billion this month, Peru's Minister of Economy and Finance, Luis Miguel Castilla (left) has announced. He noted that by December, the concession for Lima Metro's second line will be awarded. Under the plan, 35 kilometres of the second line will be constructed entirely underground, Bernama reports.

Singapore to boost bilateral ties with Colombia and Costa Rica

Trade minister will sign third free trade agreement with Latin America countries

Singapore's Minister for Trade and Industry Lim Hng Kiang will be making his first official visit to Colombia and Costa Rica from July 16 to 19 to boost economic ties between the nations. In Colombia, Lim will sign the Colombia-Singapore Investment Guarantee Agreement, while in Costa Rica he will sign a free trade agreement, Asia One reports.

Mexico's new beer ruling didn't go far enough, says SABMiller

AB InBev and Heineken operate virtual duopoly in the country

SABMiller, the world's second-largest brewer by sales, said the resolution on the use of sales exclusivities in the large Mexican beer market "did not go far enough" to materially change conditions for access and really stoke competition. The Mexican beer market is the world's fifth biggest by volume sales, according to Euromonitor, The Wall Street Journal reports.

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Venezuela to invest $5 billion in El Palito Business News Americas

Brazil's Libra oilfield to yield 1 million barrels per day Bernama

Peru's traditional exports recover for second month Andina

Mexican industrial output rises Business Recorder

Colombia quadruples arrival of cruise passengers Incentive Travel

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