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1 February 2022 Edition - 02/22
Chile to attract US$1 billion in Green Hydrogen investments
 
Foreign investment has been key to developing green hydrogen in Chile. Initiatives promoted by Enel Green Power, Linde, ENGIE, Air Liquide, GNL Quintero and CAP have been chosen for co-financing support by Chile’s Economic Development Agency, CORFO, with the goal of speeding up the development of the industry in Chile.... 
Brazilian soybean supply set to pressure competition in 2022

Brazilian soybean farmers have lapped up huge profits over the past two years, due to high oilseed prices, weak real and robust demand from China. Farmers are bullish about 2021-22 soybean planting, with high acreage transferred from other crops as Brazil remains world's top supplier on robust China demand...

Argentina's bottled wine exports hit a historic high in 2021 worth $817 million, the foreign ministry reported Saturday.  The previous high was the $786 million in foreign wine sales marked in 2012.  Leading export destinations were the United States, Britain, Brazil, Canada and the Netherlands...

Fintech Ualá launches in Colombia amid Latam expansion

Mobile payments startup Ualá is kicking off operations in Colombia, its third market in Latin America after Argentina and Mexico.  Buenos Aires-based Ualá, valued at US$2.5 billion in its latest funding round, is launching operations in Colombia after working with local regulators over the last two years to get a licence as a financing company to offer debit cards, said founder and chief executive officer, Pierpaolo Barbieri, in a phone interview....

Economists See Increasing Signs Mexico’s Economy Is in Recession

Mexico has probably slipped into recession as early estimates show economic activity fell in December.  Latin America’s second-biggest economy shrank in the third quarter of last year, putting a halt to a brief recovery from the pandemic. Now a growing number of institutions and Bloomberg Economics are forecasting that gross domestic product shrank again in the last three months of 2021.... 

Mapped: The world's most and least corrupt countries
 
The most corrupt governments in the world are in South Sudan, Syria and Somalia, according to Transparency International's annual index, while the "cleanest" are in Denmark, Finland and New Zealand....
Mobile number portability finally launches in Uruguay

Uruguay’s Ministry of Industry, Energy and Mining confirmed that the long-awaited launch of mobile number portability officially came into force on 12th January.  Mobile users were previously unable to retain their mobile number if they chose to switch between networks. Under the new legislation, operators must transfer numbers within three days and are obliged to cover the cost themselves, rather than charging consumers for the service. However, consumers may only transfer their number between networks three times per year....

The leftist wave in
Latin America politics is
not that revolutionary at all

Latin America's move left isn't a return to the glory days when anti-imperialism was all the rage.  Even though countries such as Uruguay, El Salvador and  Ecuador recently moved to the right, Latin America’s leftward trend — which began with Mexico’s Andrés Manuel López Obrador’s victory in 2018 — is more notable.....

Cuba turning to private enterprise option to help ease economic squeeze

The Cuban Communist Party remains ‘large and in charge’ on the island but the veil of ideology has been lifted somewhat from the Cuban mindset, releasing, these days, far more generous evidence of the spirit of enterprise that preceded the revolution....

As the second-longest year of our lives – the longest was 2020 – gets far behind in the rearview mirror, it’s time to recollect the highlights of 2021.  And as Latin America aviation specialists, Aviacionline is bringing to its readers a wrap up of the highlights of the largest in Brazil in the past year, with what to expect for 2022...

COVID-19 PANDEMIC RESPONSE
Latin American countries had very different covid-19 death rates. Which policies worked?

Research by 'The Washington Post' shows that how governments craft a pandemic response matters.  Governments that created their pandemic policies in collaboration with other governmental and nongovernmental organizations tended to see fewer covid-related deaths. Collaboration, in this sense, saved lives....

There has been a renewed surge of COVID-19 in Brazil with the spread of the omicron variant and, as elsewhere in the world, it is largely a pandemic of the unvaccinated.  Brazil confirmed an average 162,000 cases in the week through Jan. 26, up from a 20-month low 3,000 in late December. 

Brazilian President Jair Bolsonaro wrote on his Twitter account on Jan. 16 that “Our purpose is to make self-tests available in pharmacies, drugstores, and other health establishments for people with or without symptoms, who are interested in carrying out a self-testing”.....

LATIN AMERICAN CULTURE & ARTS

By telling the story of an elderly indigenous couple as they eke out a living in the arid Bolivian highlands, Alejandro Loayza Grisi brings home the all-too-real perils of climate change in Bolivia.   “Utama” (“Our Home”) is also an enduring love story, played by real-life couple Jose Calcina and Luisa Quispe, who’ve been married for 48 years.... 

The mysterious death of a handyman from a small village near the town of Siguatepeque, Honduras caused numerous rumors that El Chupacabras killed him. A farmer's assistant was found dead in early February 2019 after being attacked by a mysterious animal who sucked all of his blood out. Details of the incident are known from the words of neighbors. The truth does not indicate whether they really saw something or their story is based only on assumptions......
'Latin American Business Digest' © is a free fortnightly E-digest covering New Zealand - Latin American Business, Economics & Video published by Manning Group Limited & edited by Thomas Manning
Latin American Business Digest is presently published in reduced form due to logistical and technical issues stemming from the Covid-19 pandemic.  
Copyright © 2022 Manning Group Limited, All rights reserved.


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