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ALABC November 2019 E-News | The latest selection of carefully curated digital content on business and political developments across Latin America | alabc.com.au
The articles published here does not necessarily reflect the opinion of the ALABC board or ALABC and its members.

Dear Members and Friends,

Welcome to our November 2019 E-Newsletter.

October was an extremely successful and eventful month for ALABC and its members. I am delighted to say that we hosted our Brisbane and Melbourne annual dinners last month, where we celebrated the growing relationships between Australia and Latin America and continued to build on collaboration between the two regions. Please find below in this newsletter, photos of both events. Feel free to share on social media with your colleagues, friends and family to highlight what ALABC is all about. 

We are very grateful of our sponsors and strategic partners Global Victoria and Trade and Investment Queensland for their ongoing support.  

Registration is open to buy tickets to our 30th Anniversary Gala Dinner at the Amora Jamison Hotel in Sydney on Friday 29th November 2019. Please click here to secure your place. To celebrate 30 wonderful years of the ALABC, the gala dinner will feature live entertainment, dancing and a specially designed Latin American themed menu. 

Please get in touch if you have any suggestions for particular topics of focus you would like to see the Business Council cover at our events. We are always happy to receive your feedback.

Yours sincerely,

Marcelo Salas
Chief Executive Officer 

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In this issue 

November 2019

2020 Opportunities for Investment in Peru 

Chile Tax Reform


Monadelphous acquires Chilean Business 

Sydney 30th Anniversary Gala Dinner

Boardroom Luncheon Series: Nicola Watkinson, General Manager, Austrade
 

Evening Entertainment 

Menu

 

Entree: Salmon ceviche, mango and pineapple, chipotle mayonnaise, micro herbs

Mains: Slow roast beef short ribs, potato bravas, Argentinian chimichurri

Dessert: Volcano chocolate and raspberry melted pudding, dulce de leche ice cream

 

Going Global Export Workshop for Small and Medium Enterprises

Register here >

Trade Mission to Panama - March 25 – 28, 2020, Convention Centre - Panama City, Panama
 

The Embassy of Panama in Australia invites businesspeople to EXPOCOMER 2020, a multi-sectorial international trade exhibition of textiles, clothes and accessories; food, beverages and agricultural products; technology and electronics.

Panama offers the ideal environment to make your business grow stronger due to its political and economic stability, besides other advantages, such as the multimodal logistic platform and great air and sea connectivity.

Thousands of businesspeople visit this exhibition annually searching for business opportunities, partnerships and customers. Throughout the years, delegations of exhibitors, buyers and visitors from over 30 countries in Europe, Asia and America have relied on the effectiveness of EXPOCOMER to promote their products and services in order to access new markets.

 

More info >

Monadelphous Aquires Chilean Business

Buildtek provides multidisciplinary construction and maintenance services to the mining sector in Chile. It has facilities in Antofagasta, Rancagua and Calama, and a head office in Santiago. Maqrent provides a range of plant, machinery and equipment for hire to Buildtek and external customers in the mining and construction sector. Customers include major resources and energy companies such as Codelco, BHP, Albemarle, Anglo American and GNL Quintero.

More info >

Chile – Tax proposal impacting multinational entities

This article was released by PwC Chile on 11 November 2019. Text edited by Nicolas Soza (Senior Manager - PwC Australia & ALABC Board Director.

On 8 November 2019, the Chilean government reached an agreement with the Senate’s Finance Commission to strengthen the government’s social agenda. The three principles of such agreement are:
1.    To increase tax revenues to fund the Government’s social agenda. 
2.    To assist aged population 
3.    To support SMEs from a tax perspective. 

This agreement will probably also result in amendments to the original Tax Modernisation Bill submitted by the Government months ago, while other measures will be subject to a long-term plan, which could include a review of tax exemptions. 


 
Read more>

Interview with Alejandro Werner on the Latest Economic Developments in Latin America

To boost the economic recovery and create more jobs, the region will need to rely on domestic drivers of growth, like consumption and investment.

In a wide-ranging interview with Alejandro Werner, the head of the IMF’s Western Hemisphere Department, we discussed the report’s findings, the recent social unrest in the region, as well as the latest developments in Argentina and Ecuador. 

The Regional Economic Outlook last year looked at the evolution of inequality and poverty in the region. How has it evolved since then and do governments have the right policies in place to tackle it?
Read more>

Google expects to increase its customer workforce by three times to support cloud computing services in Latin America by the end of the year 2020.

The Google Cloud Summit in Sao Paulo, Google Cloud’s director in Brazil, João Bolonha said, “This growth has already started and we’ve been expanding teams in Brazil, Mexico, Chile, Argentina, and Colombia.”

According to Alphabet Inc.’s Google, its total capital expenditure globally hit US$47 billion (nearly 37.8 billion pounds) over the last three years. The company further plans to keep investing.

João Bolonha further stated, “Inside Latin America, Brazil is our largest market (in cloud computing) and the one with the fastest growth. Also, the customer consumption of cloud computing solutions rose over 300 percent in 2018.”

However, the official gave no details on the current size of the workforce of Google in Latin America or the quantity of cloud computing services jobs it planned to add.

Read more>

Latin America Mobile Payment Users 2019 : What’s Driving Adoption in Argentina, Brazil, Mexico and Other Markets

Latin America’s proximity mobile payment market is growing. We forecast that 11.9% of Latin America smartphone users ages 14 and older will make at least one proximity mobile payment transaction within six months in 2019.

How many people in Latin America use proximity mobile payments?

In 2019, we forecast that 28.2 million individuals in Latin America will make a proximity mobile payment transaction. This number will climb to 48.3 million by 2023, when 17.2% of smartphone users will utilize proximity mobile payments.
 
Read more>

Latin America and the Future of Work: What will be the Impact of Digitalization, and What To Do?

By now there is no doubt that Latin America’s future depends to a great extent on how the region confronts and manages major global challenges. The effects of rapid and fundamental transformations in climate patterns, information technologies, and methods of communication underscore how closely the region’s fate is tied to developments beyond its borders.

Yet, while many governments, businesses, international financial institutions, and civil society organizations across the world are concentrating more attention on long-term global trends, Latin American nations remain largely focused on short-term and national concerns. Today, most Latin Americans are simply reacting to global developments.   

 
Read more>

Chile’s Success Story Is Difficult to Deny

 

Weeks after a 3.75% rise in metro fares in Santiago, Chile sparked violent protests by a small group of students that then generated more widespread disruption, mostly peaceful mass protests continue. Some observers have seized on the political crisis to make often-repeated claims that Chile’s free-market model has generated growing inequality and been fundamentally unjust despite having produced greater wealth.

Read more>

Argentinian cropping company buys Northern Territory cattle station Sturt Downs for $6.8 million

An Argentinian agricultural company has bought a cattle station near Katherine for $6.8 million, the third Northern Territory property purchase it has made this year.

Key points:
Top End cattle station, Sturt Downs, near Katherine, has been sold to Cross Pacific Investments for $6.8 million.
It is the third such Northern Territory property purchase the Argentinian company has made since June, totalling over 540,000 hectares.

The NT Cattlemen’s Association welcomes the new owners and the potential for the land to be developed further.
Read more>


Power struggle in Bolivia

Jeanine Añez, the Senate leader who has claimed the interim presidency of the Andean country, seems to have the backing of the police, the military and the Roman Catholic Church.

But even in self-exile in Mexico after resigning under pressure from the armed forces, former President Evo Morales says he would be willing to return to Bolivia, and his supporters are making a show of force in the streets while his party controls a majority in both houses of Congress.

Normal life briefly returned Wednesday morning, just hours after Añez assumed power. Morales’ foes celebrated by waving national flags before they lifted roadblocks nationwide. Businesses rolled up metal sheets protecting them from looting. Public transportation resumed in La Paz.
 
Read more>

The Latin American Boardroom Luncheon Series

The Chairman of ALABC Mr. Richard Andrews is delighted to welcome you to our boardroom luncheon in Sydney, one in a series, featuring Nicola Watkinson, General Manager, The Americas, Australian Trade and Investment Commision. 

We look forward to seeing you participate as part of an intimate coversation with a small group of Patron and Corporate ALABC members and a selected number of guests. 
 
Register now >

Join us to celebrate ALABC's 30th Anniversary Gala Dinner in Sydney, 29 NOV 2019

On November 29 in Sydney the Australia-Latin America Business Council will be hosting a special Gala Dinner to celebrate the 30th Anniversary of its foundation. This historic milestone will bring together many of the key figures in the Australia-Latin America relationship from government, business and academia from throughout Australia, and the celebratory dinner will feature the live entertainment, dancing and specially designed Latin American menu format for which the Council was famous in its earlier years.
 
As key note speaker, we have invited Senator The Honourable Simon Birmingham, Minister for Trade, Tourism and Investment and will be joined by other key dignitaries, including the Latin American ambassadors.
 
Given the historic nature of the event and the exceedingly high profile that it will have with all of the stakeholders in the Australia-Latin America relationship, I would also like to invite you to consider being one of the sponsors of the event. This is a unique opportunity to showcase your company’s / institution’s (as applicable) support for the ALABC and the bilateral relationship.

Proudly sponsored by : Air New Zealand and Lithium Power International.
 
Register now >

ALABC Melbourne Annual Dinner 2019

See photos >

ALABC Brisbane Annual Dinner 2019

See photos >
Please view the information below and consider joining the Australia-Latin America Business Council using the online form. We also have a downloadable PDF brochure and Application Form suitable for completing and emailing.

Benefits of Membership
  • Generate new opportunities
  • Make valuable connections
  • Have your finger on the pulse
  • Gain access to experts
  • Be supported in your business challenges
How to join :  Please review our fees and benefits below and then submit your application here. 
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