Cencosud announces $1.8 billion investment plan

Cencosud announced a S$1.8 billion investment plan for the next three years. $740 million will be used to refurbish 100% of Cencosud's shops in the region and $34 million will be used to build 144 new shops. In addition, $420 million will be invested to refurbish eight shopping centres, execute five major expansions and build two new shopping malls. While $300 million will be used for investments in technology, logistics and e-commerce.

Codelco announces plans to reduce workforce personnel due to COVID-19 cases increasing in Chile

Due to the increasing COVID-19 cases in Chile, Codelco announced that it will reinforce its preventive plans to avoid transmission of the virus in its operations and in nearby communities. Among the initiatives: the reduction of personnel on site, the re-implementation of teleworking for staff & service personnel, focusing on tasks that are carried out only with its own emloyees & permanent collaborators as well as suspending technical visits by contractors and suppliers.

Supreme Court rules against BHP’s mine expansion permits because they does not consider environmental impact

The Supreme Court accepted a lawsuit filed by an indigenous group against BHP Group's Cerro Colorado copper mine in the Tarapacá Region. The Court ruled that the permits for an expansion did not adequately consider the environmental impacts and resources of the community. Cerro Colorado is working on compliance with the measures required by the Environmental Tribunal before the Environmental Evaluation Service.

Clínica Las Condes announces legal actions against the Treasury for unpaid COVID-19 care for Fonasa patients

The board of directors of Clínica Las Condes (CLC) has decided to initiate legal action against the Treasury, accusing them of damages caused by government measures regarding the COVID-19 pandemic. "Fonasa has not paid any money for patients with COVID-19 referred through the Centralised Bed Management Unit (CBMU) in Minsal, nor for those patients with or without COVID-19 who spontaneously consulted our emergency service in response to the pandemic," the clinic explained.

Trade Inventory Index fell by 2.9% in November 2020

The Trade Inventory Index (TIICOM) fell by 2.9% in November 2020, due to the contraction of the three divisions that make up the index, with wholesale trade (division 46) being the most affected, with -1.410 percentage points (pp.). Automobile trade (Division 45) and retail trade (Division 47) showed a monthly decline in inventories, with -1.247 pp. and -0.234 pp. respectively influencing the change in the index.