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Chile’s Pioneering Submarine Cable to Transform Global Data Traffic

Chile, in partnership with Google, is launching the Humboldt Cable System, the first fiber-optic submarine cable connecting South America with Asia and Oceania. Stretching about...

Chile’s 2024 Defense Strategy

In 2024, Chile prioritizes bolstering its Armed Forces' capabilities to enhance military prowess and ensure deterrence and operational superiority. This drive began with the 2023...

Chile 2024: Positive Economy and Inflation Focus

In 2024, Chile's economy begins with increased optimism, as noted by Rosanna Costa, President of the Central Bank of Chile. Her views were shared in...

Chile Records 1.2% Economic Growth in November 2023

In November 2023, Chile's economy grew by 1.2% year-over-year, as reported by the Central Bank. Finance Minister Mario Marcel remarked on this growth as a...

Rising Unemployment in Chile’s Recent Quarter

In the September-November quarter of 2023, Chile experienced a rise in unemployment, reaching 8.7%. This increase, as reported by the National Institute of Statistics (INE),...

Chilean President Announces Public-Private Lithium Alliance

Chile's leader, President Gabriel Boric, recently announced a significant step for the nation's lithium industry. He revealed a new partnership between Codelco, the state-run National...

Chile-China: Advancing Antarctic Cooperation

A couple of days ago, the Chilean Antarctic Institute and the Chinese Arctic and Antarctic Administration renewed their Memorandum of Understanding. This update in Santiago,...

Chile’s Central Bank Cuts Rates, Still Tops Global Charts

Chile's Central Bank, BCCh, recently reduced the monetary policy rate (TPM) by 75 basis points to 8.25%. Despite this cut, Chile still has one of...

No New Constitution for Chile Under Boric’s Leadership

Chile's President Gabriel Boric has announced the conclusion of efforts to revise the nation's constitution. This decision comes after two failed plebiscites to replace the...

Chilean Referendum Rejects Constitution Overhaul Again

Chilean voters, harking back to the Augusto Pinochet military regime (1973-1990), have once more rejected a Constitution revision proposal. The proposal failed, with 55.76% of...

Referendum Day in Chile: Choosing a Constitutional Path

Chile faces a pivotal moment this Sunday, December 17, 2023, as citizens vote on a new constitutional proposal. This draft, presented to President Gabriel Boric...

Tax Evasion Sweep: 55 Arrests in Chile

Chile has recently undertaken a significant operation against tax evasion, resulting in 55 arrests. This extensive campaign targeted over 100 non-existent companies that issued false...

Chile at a Crossroads: Potential Credit Downgrade Ahead

Chile's economic outlook for 2024 is complex yet hopeful due to the conclusion of its constitutional process and anticipated interest rate reductions. Yet, analysts predict...

Chile’s Pioneering Move to Save Rivers

Chile has taken a significant step by introducing two decrees to protect the Puelo and Futaleufú rivers in the Argentine Andes. These rivers are now designated...

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