Chile will suspend corporate income tax payments for three months as part of a broader $11.75 billion package to help businesses hit by the new coronavirus outbreak, the government announced Thursday. The government also will stop charging stamp duty on financial transactions for credit operations for six months.
Day: March 20, 2020
COVID-19 hitting Chile mining operations
Anglo American has decided to slow down operations at its Los Bronces and El Soldado copper mines, as well as the Chagres smelter – all in central Chile – for 12 days to reduce the COVID-19 contagion risk among workers, while state copper miner Codelco will reduce all operations to comply with the government’s state of catastrophe declaration.
Atlas Renewable will invest $450 mn in renewable plant in Chile
Atlas Renewable Energy, through Pleiades SA, presented an environmental impact declaration for a solar photovoltaic (PV) park with a planned capacity of 854 MW to be implemented in the Chilean region of Antofagasta. According to the data submitted to the Chilean environmental evaluation service (SEA), the company plans to invest $450 million to install the Parque Fotovoltaico Alfa Solar in the rural community of Maria Elena, Tocopilla province.
Cencosud’s profits fall 19% in 2019 to $182.3 million
Cencosud suffered losses of CH$25.8 billion ($30.5 million) in the fourth quarter of 2019. This compares with $140.1 billion ($165.04 million) in profits it made in the same period in 2018. Last year, the company recorded a profit of $154.617 billion ($182.3 million), which represented a 19% decrease from the $190.594 billion ($224.49 million) earned in 2018.
Government launches $11.75bn plan to address Coronavirus
The government launched an $11.75 billion economic plan. The package aims to address three areas: Strengthening the Health System budget; protecting family income; protecting jobs and the companies that generate them.
