Falabella, the region's largest retailer, announced that it plans to invest $796 million in 2021. An important part of this investment, $443 million, will be directed to increase technological capabilities and to reinforce logistics. The rest of the investment will go to the development of Ikea in Chile, Peru and Colombia.
Estimated five-year mining investment increased by 11%, according to a census prepared by the Capital Goods Corporation (CBC) at the end of the third quarter of 2020. The increase is mainly due to the entry of new projects and increased investment. According to the CBC, the estimated investment for the period 2020-2024 increased from $19,509 billion to $21,660 billion.
The Treasury failed to collect $192 million for the operation of the Fuel Price Stabilization Mechanism (Mepco), a report says. According to the Economic Centre for Economic Policy at the Catholic University of Chile (Clapes-UC), the decline is due to the mitigation measures of the COVID-19 pandemic.
The gross disposable income of households increased by 35.4% compared to the third quarter of 2019, explained mainly by social benefits net of contributions in relation to the extraordinary partial withdrawal of pension funds - which had an impact of 39.2%, according to a Chile's Central Bank report. The report states that without the withdrawal of 10% of pensions, household incomes would have fallen by 2.6% compared to the third quarter of 2019.
The Chilean Cherry Committee issued its second crop estimate for the season in mid-December, projecting an export crop of 316,184 tonnes, the equivalent of 63.2 million 5 kg cartons. This is an increase of 38.3% over 2019/20, and almost 6,000 tons more than the Chilean Cherry Committee’s original forecast for this season.