EXCLUSIVE Sustainable cities for better trade relations
Growth of Asian megacities provides opportunities for Latin American suppliers
Latin America's 580 million people, 80 percent of whom live in cities, provide an excellent growth opportunity for Asian technology and manufacturing firms. Dr. Limin Hee, Deputy Director at Singapore's Center for Liveable Cities, says there is great potential in Asia’s infrastructure development and city management to provide innovative urban solutions for Latin America, Latin Business Chronicle reports.
Bolivia and Paraguay restore bilateral relations
Countries' Presidents sign accord and vow to improve ties
The Governments of Bolivia and Paraguay agreed to end an 18-month freeze in bilateral relations. Bolivian President Evo Morales and his Paraguayan counterpart, Horacio Cartes, signed a regional and international bilateral agreement in La Paz, Bolivia, on Friday last week. "Both countries need each other," said Cartes, Xinhua reports.
Maduro survives electoral test
Ruling party won 49 percent of the votes
Venezuelan leader Nicolás Maduro (left) survived his first major key test after winning Sunday's local elections. With most of the votes counted, the country's governing party, PSUV, has 49 percent of the votes, while the opposition has 43 percent. The opposition won in Caracas and most of the larger cities, such as Maracaibo and Valencia, while the PSUV won in rural areas, BBC News reports.
Switzerland's Holcim seeks expansion in Latin America
Cement maker plans to re-enter Peruvian market and grow in Mexico and Brazil
Swiss cement maker Holcim is looking to expand in Latin America, despite having cut its sales targets for this year on slow shipments in Mexico, Brazil and India. Among the plans the company has for the region are re-entering Peru, boosting production capacity in Argentina and Colombia, and expanding operations in Mexico and Brazil, Bloomberg reports.
Peru plans to privatize up to 49 percent of state oil company
Aim is to modernize and expand company's refining capacity
Peruvian lawmakers are planning to send a bill to Congress this week which would allow state oil firm Petroperu to privatize up to 49 percent of its shares on the local stock market. The aim is to attract private capital in order to modernize and expand the company's refining capacity, according to the country's Minister for Energy, Jorge Merino, Reuters reports.
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