Construction union presents a plan to create 600,000 jobs in three years

According to Patricio Donoso, president of Chile's contruction union, the Chilean Chamber of Construction (CChC) has come up with an "Employment and Reactivation Plan". The main goal of this plan is to create 600,000 jobs over a three year period. Two other objectives of this plan are: to satisfy social demands associated with housing, urban equipment and infrastructure; and to address urgent problems, such as the water crisis affecting the country. This plan is to be achieved through a huge investement boost and close collaborative work between public and private sectors.

Second wave of COVID-19 in China affects Chile’s salmon exports and copper prices

Chinese supermarkets suspended their Salmon sales, which are imported from Chile, due to at least 50 positive tests of COVID-19 in wholesale markets. Nervousness about the second wave in China resonated in international markets, including the commodities market, where copper took the brunt of the decline with a 2.41% drop, which closed the day at US $2,561 a pound.

Chilean grape exports fall 7.6%

The 2019-2020 Chilean grape season ended this year with a 7.6% decrease in export volume. Drought, social unrest and the demand for new varieties are the challenges facing Chilean viticulture. Under the leadership of the Production Promotion Corporation (CORFO), a programme was started through which grape growers in the northern Atacama region work together to make the national sector more competitive.

Sonnedix closes financing for portfolio of small-scale PV plants in Chile

Sonnedix Power Holdings Ltd has made a loan arrangement to finance around 20 solar photovoltaic (PV) parks totalling an expected 100 MWp in Chile. The independent power producer (IPP) said it has closed senior facilities for USD $87 million with French corporate bank Natixis SA, which acted as the sole lead arranger, hedge provider and administrative agent. The funds will be dedicated to financing a portfolio of solar plants that operate under Chile’s special scheme for distributed generation projects, locally known as PMGD.