{"id":840841,"date":"2018-07-11T20:20:28","date_gmt":"2018-07-11T20:20:28","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=840841"},"modified":"2018-07-11T20:20:28","modified_gmt":"2018-07-11T20:20:28","slug":"foreign-investment-in-chile-surges-due-to-new-law-government-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=840841","title":{"rendered":"Foreign investment in Chile surges due to new law \u2013 government"},"content":{"rendered":"

By Reuters<\/a><\/span> <\/p>\n

July 11 (Reuters) \u2013 Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday.<\/p>\n

InvestChile, an arm of the economics ministry, said foreign direct investment (FDI) increased by 655 percent over the same period last year, and it was 24.3 percent higher than the $6.41 billion that flowed into the Andean nation in all of 2017.<\/p>\n

“The investment inflows from abroad are a clear sign of economic recuperation,” said InvestChile in an emailed statement.<\/p>\n

Chile’s center-right President Sebastian Pinera, who took office in March, has set a target of increasing investment an average of 6 to 7 percent in the next four years and introduced a new law to cut red tape.<\/p>\n

InvestChile said the FDI consisted mostly of reinvestment of revenue in Chile by foreign companies and equities and bonds investment.<\/p>\n

The biggest inflow came from China’s Southern Power Grid, which bought a 27.7 percent stake in Chile’s largest electric transmission system, Transelec, for $1.3 billion.<\/p>\n

The Transelec deal represented one of the largest such transactions by a Chinese firm in Chile so far and was seen as part of a broader campaign by the superpower to increase economic and political ties with Latin American nations.<\/p>\n

FDI contracted for four years under the previous center-left government which was blamed on a low copper price and weak investment in the country’s key mining industry.<\/p>\n

(Reporting by Antonio de la Jara, writing by Aislinn Laing; Editing by Cynthia Osterman<\/em>)<\/p>\n

The post Foreign investment in Chile surges due to new law \u2013 government<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Reuters July 11 (Reuters) \u2013 Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday. InvestChile, an arm of the economics ministry, said foreign direct investment (FDI) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/840841"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=840841"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/840841\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=840841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=840841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=840841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}