Chile

CIIE welcomes more consumer goods companies

Friday, February 26, 2021 - 1:34pm

SHANGHAI, Feb. 26, 2021 /PRNewswire/ -- For foreign consumer goods companies eyeing the Chinese market, the best way to do so is to sign up for the Consumer Goods Exhibition Area of the China International Import Expo.

Key Points: 
  • SHANGHAI, Feb. 26, 2021 /PRNewswire/ -- For foreign consumer goods companies eyeing the Chinese market, the best way to do so is to sign up for the Consumer Goods Exhibition Area of the China International Import Expo.
  • In the past three years, the CIIE has delivered numerous success stories for businesses and there are more to come.
  • The biggest names in the global consumer goods industry, such as the Swiss luxury brand Richemont, New York-based luxury house Tapestry, world-renowned jewelry and accessories brand Swarovski, and Italy's fashion brand Dolce & Gabbana attended the CIIE last year.
  • The Consumer Goods Exhibition Area of the fourth CIIE is expected to span 90,000 square meters.

Card-Dynamics, the B2B fintech specialized in the subscription economy, closes a 2.5M€ funding round led by Big Sur Ventures

Wednesday, February 24, 2021 - 4:00pm

Whilst these are unfavorable times for fintech fundraising, Card Dynamic's focus on subscriptions and the growing transition to card payments has allowed the company to gain traction with banks and retailers and secure funding.

Key Points: 
  • Whilst these are unfavorable times for fintech fundraising, Card Dynamic's focus on subscriptions and the growing transition to card payments has allowed the company to gain traction with banks and retailers and secure funding.
  • Growth in new subscriptions immediately increased during the first few weeks of the Covid period, ranging from 20%-40% higher than the pre-Covid timeframe.
  • For example, thanks to Card-Dynamics, a card-holder can be fully enrolled (payment method included) at a merchant from the bank's secure environment.
  • The platform is cloud based and holds PCI and several other security certificates; ready to serve a global base of banks and retailers.

Alex Tan appointed CEO of Hyva, Marco Mazzù appointed Chairman

Wednesday, February 24, 2021 - 10:31am

He succeeds Marco Mazz, who is appointed as Chairman of the Board.

Key Points: 
  • He succeeds Marco Mazz, who is appointed as Chairman of the Board.
  • Alex was appointed the Managing Director of Hyva China in 2004 and has since led the business with distinction, overseeing its meteoric growth from inception to market leadership.
  • He was appointed Head of Hyva Asia in 2011 and also assumed global responsibility for Hyva's waste management line of business in 2015.
  • The current CEO, Marco Mazz, will be moving into the role of Chairman.

Alex Tan appointed CEO of Hyva, Marco Mazzù appointed Chairman

Wednesday, February 24, 2021 - 10:27am

He succeeds Marco Mazz, who is appointed as Chairman of the Board.

Key Points: 
  • He succeeds Marco Mazz, who is appointed as Chairman of the Board.
  • Alex was appointed the Managing Director of Hyva China in 2004 and has since led the business with distinction, overseeing its meteoric growth from inception to market leadership.
  • He was appointed Head of Hyva Asia in 2011 and also assumed global responsibility for Hyva's waste management line of business in 2015.
  • The current CEO, Marco Mazz, will be moving into the role of Chairman.

Chile Mining Fiscal Regime Report 2021: Mining Laws, Governing Bodies, Rights and Obligations, Taxes and Royalties - ResearchAndMarkets.com

Tuesday, February 23, 2021 - 4:41pm

"Chile's Mining Fiscal Regime - 2020" provides country's overview with macroeconomic performance, ease of doing business, corruption index and mineral overview.

Key Points: 
  • "Chile's Mining Fiscal Regime - 2020" provides country's overview with macroeconomic performance, ease of doing business, corruption index and mineral overview.
  • It also provides a comprehensive coverage on the governing bodies, mining laws, licenses, rights and obligations and tax-related information on mineral commodities.
  • Chile's Mining industry is governed by the Ministry of Mining, National Service of Geology and Mining, Ministry of Energy, Ministry of Environment, and Chilean Copper Commission.
  • It also outlines governing laws, mining code, various mineral license, obligations and taxes
    Find out Chile's governing bodies, major laws applicable to its mining industry

KKR to Acquire Telefónica Chile’s Wholesale Fiber Optic Network to Create First Open Access Network in Chile

Monday, February 22, 2021 - 10:10pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210222005928/en/
    Under the agreement, KKR will acquire a majority stake in Telefnica Chiles existing fiber optic network, the largest fiber optic network in Chile, and make that network open access through a newly established independent Chilean company with assets managed locally.
  • The newly formed enterprise will serve as Chiles first wholesale digital infrastructure network open to all current and future telecom operators in Chile, creating a competitive marketplace benefitting consumers and businesses across the country.
  • Fiber optic service offers very high reliability and speeds 10-1000 times faster than cable and legacy telecommunication networks.
  • We are excited to be working with Telefnica to create the first-ever open access wholesale fiber network in Chile.

GeoPark Announces 2020 Certified 2P Reserves of 175 Million Boe With Net Present Value (After Tax) of $2.5 Billion

Thursday, February 18, 2021 - 9:30pm

All reserves included in this release refer to GeoPark working interest reserves before royalties paid in kind, except when specified.

Key Points: 
  • All reserves included in this release refer to GeoPark working interest reserves before royalties paid in kind, except when specified.
  • Net present value after tax discounted at 10% (NPV10 after tax) of 1P reserves decreased by 6% to $1.5 billion due to a lower price deck
    2P Reserves: Proven and probable (2P) reserves in Colombia increased 9% to 141.0 mmboe, with a 2P RLI of 11.6 years.
  • NPV10 after tax of 1P reserves decreased by 10% to $1.6 billion
    2P Reserves: 2P reserves increased 6% to 174.7 mmboe, with a 2P RLI of 11.9 years.
  • NPV10 after tax of 2P reserves remained steady at $2.5 billion
    3P Reserves: 3P reserves increased 19% to 270.9 mmboe, with a 2P RLI of 18.4 years.

Santander Chile issues first sustainable bond to finance the Women SME segment

Tuesday, February 16, 2021 - 3:57pm

This operation is part of the companys efforts to contribute to the growth of businesses operated by women.

Key Points: 
  • This operation is part of the companys efforts to contribute to the growth of businesses operated by women.
  • SANTIAGO, Chile, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Santander Chile issued its first sustainable bond incorporating ESG (Environmental, Social, Governance) criteria, focusing on the segment of Women SMEs.
  • The objective of this transaction is to refinance or finance new loan operations to small and medium enterprises led by women.
  • With this new action, Santander Chile responds through concrete steps to the UN Sustainable Development Goals (UN SDG).

Atlantic Financial Group (AFG) selects Vneuron Risk & Compliance technology to keep growing and digitizing its operations, in full compliance with regulations

Tuesday, February 16, 2021 - 2:30pm

DBS was also a pioneer in French-speaking Africa by launching the first fully digital health insurance offering in Cameroon, in 2017.

Key Points: 
  • DBS was also a pioneer in French-speaking Africa by launching the first fully digital health insurance offering in Cameroon, in 2017.
  • Vneuron is a software publisher specializing in digital experience and regulatory compliance.
  • It is a recognized player in automating Know Your Customer (KYC) processes and delivering advanced anti-money laundering (AML) technologies.
  • Vneuron is present in Europe, Africa and the Middle East through operations with more than 200 clients in 28 countries.

Luma Financial Technologies Signs Credicorp Capital

Tuesday, February 16, 2021 - 1:30pm

Luma Financial Technologies (Luma), an independent, multi-issuer structured products and annuities platform, announced today that Credicorp Capital, a leading financial firm located throughout Latin America with a strong presence in Peru, Chile, Colombia, and The United States through its subsidiary Credicorp Capital LLC, has chosen the Luma platform to strengthen their structured product offerings through its Asset Management business.

Key Points: 
  • Luma Financial Technologies (Luma), an independent, multi-issuer structured products and annuities platform, announced today that Credicorp Capital, a leading financial firm located throughout Latin America with a strong presence in Peru, Chile, Colombia, and The United States through its subsidiary Credicorp Capital LLC, has chosen the Luma platform to strengthen their structured product offerings through its Asset Management business.
  • As we continue to expand our footprint in Latin America, were excited to partner with Credicorp Capital to offer their structured products team unmatched analytics and enhanced auctioning tools to better serve their clients in their allocation to structured products, said Fernando Concha Bambach, Key Account Manager for Latin America at Luma Financial Technologies.
  • Featuring a combination of state-of-the-art resources and functionalities, the Luma platform is an attractive choice to manage our structured products, says Rafael Castellanos Lopez-Torres, Executive Director of Credicorp Capital Asset Management.
  • For more information on Luma Financial Technologies and the specific features the platform provides, please visit www.lumafintech.com
    Luma Financial Technologies is the creator of Luma, a fully customizable, independent, buy-side platform that helps financial teams more efficiently learn, create, order and manage market-linked investments such as structured products, structured annuities and more.