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1 June 2021 Edition - 10/21

Luiz Inácio Lula da Silva, who started out a shoeshine boy and became the most popular president in Brazilian history, has racked up a lifetime of improbable victories.   Now, as he eyes a run against far-right President Jair Bolsonaro next year, the 75-year-old leftist leader is seeking another: win back the political centre that abandoned him iwhen he was jailed for corruption in 2018.....

Industry bid to halt Mexican ban on GMO corn, glyphosate nixed by judge
 
A Mexican federal judge has ruled against a request to freeze a government plan to ban genetically modified corn and the glyphosate herbicide by 2024, allowing President Lopez Obrador's ban order last year to proceed.....
Argentina set to boost coffers amid a rebound in commodity prices


With soy and maize reaching peaks in Chicago, Argentina could also look forward to record earnings of almost US$3.2 billion from a promising wheat harvest, according to a new report.....

Leftist Castillo Builds Lead Over Fujimori Ahead of Peru Presidential Vote -Poll

Socialist candidate Pedro Castillo continued to regain ground among voters, a poll showed on Sunday, boosting his lead over conservative contender Keiko Fujimori two weeks ahead of Peru's presidential election....

Venezuela’s Maduro receives harsh economic blow from an unlikely source: China

A recently approved Chinese tax might translate into a severe economic blow to the Nicolás Maduro regime by almost doubling the importing cost of the oil that Venezuela sells in violation of the U.S. sanctions, analysts say....

Paraguay set to launch tenders for $300m rail scheme in Asunción


Paraguay’s Ministry of Public Works is planning to launch tenders for a $300m suburban railway, called the Cercanía line, that would run between the capital, Asunción, and the town of Ypacaraí, some 44km to the southeast.  The move follows the completion of a feasibility study for the Cercanía project carried out by the state-owned Korea Overseas Infrastructure and Urban Development Corporation....

Mexico, Central America & the Caribbean Face Challenges a Year into the Pandemic

Fitch Ratings expects economic recovery in Mexico, Central America and the Caribbean to lag rating peers given the regions’ deep economic contractions and muted recovery prospects, as negative rating pressures continue a year on from the outbreak of the Covid-19 pandemic. Rating pressures in Central America and the Caribbean also include weaker public finances and narrow financing capacity....
11,800 restaurants and hotels have closed permanently in Argentina during pandemic

FEHGRA chamber group says 3,800 establishments have shut their doors already this year, following 8,000 closures in 2020. Approximately 175,000 jobs have been lost in the process......

Colombia: from the failure of the elites to the hopeful rebellion of the young
 
The economic model designed by the elites has shaped the business structure and employment market in such a way that new generations now have a pessimistic vision of the future....

 

COVID-19 PANDEMIC RESPONSE

With coronavirus deaths and cases subsiding worldwide, the pandemic continues to surge in two hotspots: South America, including specifically Argentina and Colombia, as well as India.

South American's deaths have risen 2%, including 7% in Argentina, 16% in Uruguay and 51% in Bolivia, according to tracking by Worldometers.info. Brazil grew 4% and Colombia rose by 1%.....


Chile begins vaccinating people under 30 against COVID-19
 
Chile has begun vaccinating people under the age of 30 as part of the country's mass inoculation campaign against COVID-19, which has immunized 50 percent of the target population so far.....
LATIN AMERICAN CULTURE & ARTS
Cuba's cultural enterprises seek new business models amid COVID-19 pandemic

Located on the outskirts of Havana, the Artistic Laboratory of San Agustin has found a new e-commerce business model to survive amid the COVID-19 pandemic....

The La Loma Jungle Lodge property is known for its private hiking trails, natural rock pools, private artisanal bungalows, unique Central American wildlife and on-site permaculture farm. Apart from chocolate, the farm produces a varied list of fresh fruits and vegetables.....

'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 © 2021 Manning Group Limited, All rights reserved.


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