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News Archive
February 2018
World Bank: Chile is Latin America’s second wealthiest country in assets
01 February 2018
Measured in terms of assets, rather than Gross Domestic Product (GDP), Chile is the second wealthiest country in Latin America, according to the World Bank. Its report, “The Changing Wealth of Nations 2018”, reveals that, in terms of natural, human and produced capital and net foreign assets, Chile’s per capita wealth reached US$237,713 in 2014, […]
January 2018
Chile leads Global Talent Competitiveness Index in Latin America
30 January 2018
Chile is currently the most attractive country in the region, according to the fifth version of the Global Talent Competitiveness Index (GTCI), prepared by The Adecco Group, the INSEAD business school and Tata Communications. In the 2018 ranking, Chile took top place in Latin America and the Caribbean, taking 33rd position globally, up one position […]
Chile pledges end to traditional coal-fired power generation
30 January 2018
Chile has pledged not to continue building coal-fired power plants unless they have carbon capture and storage technology, or the equivalent, according to dual statements from the energy ministry and electric power generators’ association Asociación de Generadoras. The association agreed not to start developing any new coal-fired power generation projects without the relevant carbon reduction technology, […]
Tesla in talks with Chile’s SQM over lithium investment
29 January 2018
Carmaker is seeking to access more stocks of the key electric car battery raw material. Tesla is in talks with Chile’s largest lithium producer SQM about investing in supplies of the key battery material, as it ramps up production of its first mass-market electric car. The Elon Musk-led carmaker could agree to build a processing […]
Chile selected as one of the top destinations for adventure lovers in 2018
25 January 2018
Rough Guides has selected Chile as one of the destinations not to be missed in 2018, citing unique experiences such as the Chinchorro mummies, the oldest in the world, and indigenous Mapuche-run tourism in Lago Budi. Chile has always been “an adventure playground for the intrepid traveller”, noted the famous travel guide, which has now […]
China-CELAC: Progress in the new cooperation roadmap that inserts LATAM in the “Belt and Road” initiative
23 January 2018
Carlos Álvarez, InvestChile Director: “Chinese companies are in some degree entering in new areas and diversifying their interest in the Chilean economy.” Santiago de Chile: The CHINA-Celac Forum began to set up a new roadmap for relations between China and Latin America and the Caribbean. This is the second ministerial meeting within the framework of […]
IEA highlights Chile’s promotion of investment in renewables
23 January 2018
The International Energy Agency (IEA) has published its second in-depth review of Chile’s energy policies. The implementation in recent years of a policy that encourages non-conventional renewable energy projects has positioned Chile as an international-category destination for investments of this type, particularly in the case of solar and wind energy. This is the conclusion reached […]
San Antonio chosen for new large-scale port in Chile
19 January 2018
The initiative would cost over US$3,300 million and is expected to be able to handle eight containerships with a length of up to 400 meters, moving some 6 million TEUs, equivalent to three times the port’s current capacity. President Michelle Bachelet announced that Chile’s future large-scale or mega port will be built in San Antonio. […]
Chile to promote foreign investment in tax-free zone in north of the country
17 January 2018
CORFO, ZOFRI S.A., InvestChile and the Tarapacá Regional Government will implement a project to encourage overseas companies to invest in the Alto Hospicio municipal district. The constitution of the board of directors of the “Program of Attraction of Investment by Value-Added Industries in the Tax-Free Business Park” marked the launch of this project designed to […]
Google will expand its global network with new submarine cables in Chile, Denmark and Hong Kong
17 January 2018
Google announced that it will invest US $ 30 billion in improving its infrastructure in three years through the installation of new submarine cables, with which Google seeks to connect the world and provide services to its customers in the cloud. Google expects 2019 to begin the deployment of three submarine cables: “Curie”, a private […]