Channel 13 reported losses of $6.499 billion ($7.7 million), compared to gains of $1.1 billion ($1.3 million) for the same period last year, due to the sharp drop in revenue after the social explosion, which was also replicated in other firms such as TVN and Mega.
Day: April 17, 2020
LATAM seeks support from BNDES to overcome cash flow problems
According to Morgan Stanley and JP Morgan estimates, between June and July Latam Airlines will run out of cash. In this sense, the airline is negotiating with others a BNDES aid.
Coronavirus crisis requires strong monetary boost for a long time: Central Bank
The impact of the health contingency for the coronavirus on the Chilean economy makes it necessary to maintain a high monetary impulse for a prolonged period, the Central Bank revealed on Thursday in the minutes of its most recent meeting.
Chile becomes the main supplier of fruits to China in 2020
Chinese fruit imports during the first two months of 2020 amounted to 1.02 million tons with a total value of $2.17 billion, according to information published by China's Chamber of Commerce. The publication also stated that Chile had become the main supplier of fresh fruit in China.
Australia’s citrus sector takes Chile’s competition in China seriously
The Australian citrus industry says it cannot afford to underestimate Chile's presence in the Chinese market after the South American country gained market access in December last year. China has become a key part of Australia's export strategy, which reached record numbers in 2019. Chile plans to expand citrus groves by 12,000 hectares, almost half of Australia's total production.
