SANTIAGO — Once again, Chilean students have taken to the streets to protest the…
Chile continues quest to attract international geothermal energy investors
The Ministry of Energy announced yesterday that it will start the bidding process for 21 geothermal energy exploration licenses in Chile, between the regions of Tarapacá and Los Ríos. This is the latest of a series of attempts to make Chile the main destination of international geothermal investment. Minister of energy, Ricardo Raineri explained that [...]
Postal Workers begin legal strike after rejecting latest company offer
At midnight on Saturday workers from Correos Chile, Chile’s national postal service, began a legal strike after rejecting the latest offer from the company. Guillermo Flores, president of one of the unions (SINTECH), stated in national Chilean newspaper Emol, that a total of 5000 workers, of about 5,700 that the company has, “belong to four [...]
Stock Exchange reached a new historical record
The Santiago Stock Exchange closed up 0.52 percent from its main indicator, the IPSA, which was at 4422.36 points, which has set a new historical record, surpassing mark set last Monday. Meanwhile, the overall rate of the Chilean stock exchange (IGPA) reported an increase of 0.71 percent, to 20607.53 points. The amount of traded shares [...]
Kids Day: Save up to 35% buying online
Among the best selling products online are video game consoles, digital cameras and cellular phones. It is the most important day for retailers after Christmas. Purchases for Children’s Day, on 8 August, are generating huge sales for traditional retail stores as well as online buying platforms, which is gaining favor with more buyers. That’s because [...]
Greater Santiago: Unemployment below 9% for the first time since the economic crisis
Unemployment in Greater Santiago still affects 8,9% of Santiaguinos of age to be looking out for a job. The Survey on Activity and Inactivity in the Greater Santiago conducted by the Department of Economics of the University of Chile found that 255,700 in the vicinity are currently unable to make a living off their own. [...]
Major blackout over seven Chilean regions
A power outage this morning brought darkness over Chile, from Taltal in the north to Chiloé in the south. The generalized power cut affected the national electric grid called, the Sistema Interconectado Central (SIC), just before 11am. Most likely, the blackout was the result of a power breakdown at the Polpaico power station, at the [...]
Chile under the lens of social inequalities experts
Experts from around Latin American gathered from Wednesday July 21st to Friday the 23rd during a forum hosted by the Academia de Humanismo and Alberto Hurtado Universities. Discussing and debating on various topics, academics ended the three day seminar on Friday exposing the “Inequality: Legitimacy and Conflict within Latin American Societies.” Special emphasis was given [...]
Google Chooses its Chilean Bicentenial Logo Contest Winner
Google Chooses its Chilean Bicentenial Logo Contest Winner
Chile to save US$340 million with Electronic Invoice Massive Implementation
According to a seminar organized by the Chilean Association of Information Technologies Companies (ACTI) and the Internal Tax Services (SII), the country could save up to 0,4% of its Gross Domestic Product (GDP) by implementing throughout the country’s firms the electronic method of payments. By paying bills online, businesses would scale down their administrative costs [...]
Chile’s Central Bank to raise interest rates by 0,5% to 1,5% in July; economists
The Bank published today its Economic Expectation Inquiry, in which the economists polled predicted that in 2010 Chile’s economic growth would reach 4,8%, thus projecting better results than the 4,5% increase predicted last June. This will spur a 0,5% rise of the interest rates index by the Institution. According to the inquiry, analysts expect the [...]