According to the Central Bank, the value of Chilean exports reached $5.1 billion in February, their lowest level in exactly two years. This is a drop of 6.5% in twelve months and is considerably less than January's $6.7 billion. The drop is a consequence of the impact of the coronavirus outbreak.
Day: March 9, 2020
Women hold only 10% of the positions on the boards of directors of large companies
Of the 728 directors of Chile's top 100 companies, 76 are women, says a study by ChileMujeres, PWC and Pulso. The report rates these numbers as low gender diversity and adds that 47% of the companies have no female board members.
Oil Price War Collapses Markets
The oil price war initiated by Saudi Arabia following Russia's refusal to cut production has hit the markets hard. Wall Street had to suspend its operations for 15 minutes after unseen drops since the subprime crisis. In Europe, the stock markets recorded falls of over 8%.
Treasury Announces “Budget Flexibility” to address the coronavirus advance
The Chilean Ministry of Finance offered all budgetary flexibility to the Ministry of Health in order to address the advance of the coronavirus in the country. Finance Minister Ignacio Briones met with representatives of the Ministry of Health, Economy, Education and Transport to jointly coordinate the measures to be taken in the midst of the contingency posed by the outbreak.
Chile’s cyber-attacks increase by 35% after social unrest
Chile experienced more than 1.5 billion attempted cyber-attacks in 2019 with an exponential increase of 35% after the social protests in October, according to a study by the cybersecurity company Fortinet. The cyber-attacks targeted government entities, banks and pension fund administrators.
