Monthly Archives: September 2016

How to properly assess the quality of a service?

24/09/2016 source “OKDiario” Unlike evaluate a product, as it is tangible, is easy because there are a number of parameters by which is possible to measure its quality, assess how a service is being done is not so easy. Assess a service implies a certain scale of subjectivity, and this reality understood differently by each…

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Central Bank of Peru says that public investment is important to the economy

23/09/2016 source “El Comercio” The President of the Central Reserve Bank (BCR) of Peru, Julio Velarde, said that public investment is important to the Peruvian economy, since it has a multiplier effect of 1,5 times, in an environment where GDP slowed in recent years due the lower productivity. “Public investment becomes important to the economy.…

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Jordan, an oasis for doing business in a very instable area

22/09/2016 source “Expansión” Although it share borders with Syria, Iraq, Palestine and Israel – one of the most conflicting and unstable geographical areas of the globe – Jordan became an oasis of relative political and economic stability and intends to continue to develop an open economy abroad. The current situation and its geographic location caused…

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Petrobras cuts 25% of its investment plans

21/09/20916 source “Financiero” The Brazilian state owned oil company Petrobras said in a statement that will further reduce its investment plans – a fourth part – expecting to invest between 2017 and 2021 only 74,100 million Dollars from those 98,400 million that had been projected in the previous strategic plan for 2015-2019, representing a decrease…

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BIS report: emerging markets exposed to external shocks due to higher debt

20/09/2016 source “Financiero” In its annual report, the Bank for International Settlements (Bank for International Settlements – BIS) warned of the fact that emerging market debt issuers are exposing their currencies to greater volatility by allowing financing funds (the loans in Dollars) exceed the value of their reserves. The BIS, based in the Swiss city…

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New Law on Public Contracts shall enter into force in Angola

19/09/2016 source “Angop” The new Law on Public Procurement Angola, repealing the old Law on Public Procurement came into force last Friday, informed the Angolan Ministry of Finance. The statute seeks to defend the rationalization and reduction and control of public spending, and has the new express consecration of the simplified procurement procedure for low-value…

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Macri launches a ‘mini Davos Forum’ to attract investors

15/09/2016 source “El Español” With the economy in recession and requiring new funds to straighten up, Argentina launched an Investment and Business Forum that the rulers want to convert into a kind of “mini Davos”. “I invite you to invest and I hope that you all take part of this wonderful stage,” said the president…

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Ferrovial purchase Transchile by 64 million Euros

13/09/2016 source “Expansión” The Spanish group Ferrovial acquired the Chilean company Transchile by 64 million Euros (72 million Dollars), a transaction that allow entering into the business management of power transmission infrastructure in Chile. The announcement was made by the company that, with this operation, took another step in its strategy of growth and international…

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Lagarde calls to expand the benefits of globalization

13/09/2016 source “El Financiero” The general director of the International Monetary Fund (IMF), Christine Lagarde, defended before the Toronto Global Forum, that began yesterday, the benefits of globalization, urging governments to act so that these benefits reach all. The Global Forum Toronto is an event organized by the International Economic Fund of America, where id…

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ACS will build two hospitals in Latin America for about 130 million Dollars

12/09/2016 source “Expansión” The Industrial Division of ACS, through its subsidiary Makiber, will build two hospitals in Latin America, specifically in Ecuador and Bolivia, two projects that are budgeted for a total of 130,4 million Dollars (116 million Euros). In Manta village in Ecuador Makiber will build and equip, as a “turnkey” project, a hospital…

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U.S. companies seeking investment opportunities in Chile

08/09/2016 source “Cesla” Representatives, businessmen and managers of over one hundred companies and six economic development organizations of the United States travelled to Chile to make a visit aimed to explore new business opportunities and investment with the region. The trade mission, organized by the United States Department of Commerce, is called the Trade Winds…

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5th Ministerial Conference “Macau Forum” held in October

06/09/2016 source “MacauHub” On 11th and 12th of October next will be held the 5th Ministerial Conference “Economic and Trade Cooperation between China and Portuguese-speaking Countries Forum. The conference theme is “Towards Consolidation of Economic and Trade Relations between China and the Portuguese-speaking countries: unite Efforts for Cooperation, Building Together the Platform, Share the Benefits…

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Rwanda: Portuguese group Mota-Engil will build airport in Bugesera for 818 million Dollars

05/09/2016 source “Jeune Afrique” The construction project of Bugesera International Airport was awarded to the African subsidiary of the Portuguese construction group Mota-Engil, according to information released by Manuel Antonio Mota, CEO of Mota-Engil Africa, during a press conference in Kigali last 1 September. Under the contract, Mota-Engil will be responsible for managing the airport…

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The IMF warns about weak global growth and urges the G20 to take actions

02/09/2016 source “Expansión” The International Monetary Fund (IMF) released today a preliminary report to the G20 summit to be held in the Chinese city of Hangzhou next 4th and 5th September, which warns about the weakness of global economic growth and the “negative dynamics” forecasted for the long term. The report states that the recent…

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Companies in Latin America face a weak outlook due to low economic growth

02/09/2016 source “Cesla” Companies in Latin America faces a challenging outlook in the remainder of 2016 due to a number of factors as slow economic growth, low commodity prices and political risks, said the qualification agency Fitch in a report released yesterday. “Throughout Latin America, corporate issuers face opposing forces that are not expected to…

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Japan pays electric substation of 110 / 33kV in Mozambique

01/09/2016 source “MacauHub” The Japanese group Mitsubishi Corporation will build an electric substation of 110/33kV, 40MVA in northern Mozambique, under a contract signed with the state company Electricity of Mozambique (EdM), a project valued at 14,5 million Dollars. The contract includes the construction of a substation of 110 / 33kV, 40MVA, with three kilometers of…

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Entrepreneurs are optimistic given the current economic conjunction?

01/09/2016 source “América Economía” In general, we can summarize the vision of businessmen worldwide in relation to the economic situation in their respective countries as a weather forecast: cloudy skies with some local storms. Although there are optimistic – as investors from India (90%), Ireland (86%), Botswana (78%), New Zealand (76%) and Nigeria (64%) –…

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