SANTIAGO — Once again, Chilean students have taken to the streets to protest the…
Concern over Working Conditions for Air Traffic Controllers in Chile
SANTIAGO – The International Federation of Air Traffic Controllers’ Associations, IFATCA, has urged the Chilean government to improve the working conditions for those working in the Air Traffic industry. This comes after a severe deterioration in standards was reported. IFATCA, who represent more than 50,000 air traffic controllers across the world, claims that the Chilean [...]
Aysén Regional Insecurity Delays Opening of Casino
AYSÉN – Dreams Casino recently announced that the scheduled opening of its Coyhaique Casino has been set back to March 28th, due to the demonstrations of the Aysén civil movement and the political uncertainty in the region at the moment. This is the sixth Dreams Casino in Chile and its holding partners include a fund [...]
President Piñera Calls for Increased Trade Between Chile and Vietnam
HANOI, VIETNAM - President Sebastián Piñera called for an increase in commercial relations between both countries this Friday in Vietnam to make use of Chile’s potential as the gateway to the South Pacific. Both leaders are very satisfied with the signing of the new Free Trade Agreement (FTA), that helps to reach a higher level of bilateral trade. This [...]
My 2 Cents: We’ve Been Warned…
Yesterday, the Financial Times published an article about Latin America’s vulnerability to an economic downturn. The author states that our region is less prepared to withstand problems than before. That means that Chile is less prepared to weather an economic downturn (by their estimates) than ever. I want to focus on what can be done in [...]
AIESEC Young Entrepreneurs Forum in Chile
SANTIAGO – More than 300 people from more than 20 different countries met to participate in one of the most important international congresses of AIESEC. From March 15 to 20, AIESEC, an international organization with the goal to developing potential leadership, is hosting “The Iberoamerican Young Leaders Congress.” The event’s first day took off with the [...]
Chilean politicians try to moderate rising food and gas prices
SANTIAGO – Just about anyone who drives a car, takes the bus or shops at a local produce market in Chile has probably noticed things getting more expensive recently. Gas prices have risen very quickly over the last couple of months and this, in turn, has caused many public transportation companies to raise their fares. [...]
Mandalay Resources Provides Update on Aysen Protests and Resumption of Operations in the Region
AYSÉN – Mandalay Resources Corporation has resumed operations at its Cerro Bayo project, which were stalled when public protests in the Aysén Province blocked the road to the mine and port. In a press release dated March 9th, 2012 Mandalay, a Canadian based natural resource company with producing assets in Australia and Chile, announced that normal operations at their [...]
San José mine to pay US$5 million to government for 2010 miner rescue
SANTIAGO – The owners of the San José mine in Chile where 33 men were trapped for 69 days in 2010 will pay US$5 million towards their rescue. The amount was agreed upon in a deal between the Chilean government and the San Esteban Mining Company that owns the mine. The government says it is less [...]
New law for gradual standardization of minimum salaries
SANTIAGO – Finance Minister Larraín concluded an agreement among the Government, ASEMUCH (National Association of Public employees of Chile) and ACHM (Chilean Association of Municipalities) for the gradual standardization of basic salaries. The Government undertook to present before the National Congress a draft law for the homologation of basic salaries for the current and future municipalities’ [...]
My 2 Cents: Chile’s minimum wage
It seems that some in the Chilean government want to raise the minimum wage from CLP 182,000 per month to CLP 250,000. Sounds good, huh? This presents interesting angles (to say the least) as to the effects of such a move. What does this accomplish? Well, obviously, the first thing it does is put more [...]