A group of Chilean legislators is proposing tighter rules on foreign investment in strategic industries after State Grid Corp. of China announce it would pay Naturgy Energy Group $3 billion for control of Chilean utility CGE. ,If the deal is approved by regulatory authorities, the company would control 57% of the country’s power distribution.
Between August and October, 594,466 jobs were created. However, 68 per cent of these were informal jobs. 127,730 of the new jobs are somewhat under-utilised, accounting for 22 per cent of the total number of new jobs.
Applications for the second 10% pension withdrawal are above 5.9 million. According to the Pension Superintendency, the system totals 5,902,441 operations, of which 160,568 (2.7%) have not been processed. The average payment per person would be CH$1,630,568 ($2,515.91).
Aurica Metales is the first gold broker in Latin America to offer digital tokens backed by physical gold. The Chilean distributor has partnered with UK fintech Aurus Technologies Ltd. to begin commercializing a new digital product that facilitates gold ownership, called AurusGOLD (AWG).
Pro Chile, with its Go Global program, has chosen Miami as a reference point for Chilean startups who want to scale. The city is the gateway to Latin America and different initiatives offer opportunities to obtain millions of dollars in investments. One example is The Cambridge Innovation Center that offers a $2 million grant.