Tag Archives: Chile

Investors turning to Latin America

World Cup, Olympics make Brazil attractive

The private sector is being urged to tap more trade and investment opportunities in Latin America, particularly Brazil, host of the 2014 World Cup and the 2016 Olympics.

“Latin America is one of the great potential new markets for Thailand, given its vast population and resources as well as high purchasing power,” said Somkiat Anuras, vice-chairman of the Thai Chamber of Commerce (TCC).

He was part of a trade mission to Brazil and Panama from July 20-29 that was led by Thailand Trade Representative Vachara Panchet.

“But most Thai exporters remain reluctant to tap into the region,” said Mr Somkiat.

He said a TCC survey found export potential to Latin America especially good for furniture, food, plastics, spa products, herbs, auto parts and construction materials.

The chamber recently revised up its projection for Thai exports to Latin America to US$7.5 billion this year and at least $15 billion annually five years from now.

An earlier forecast called for only $5 billion this year and $10 billion by 2015.

Mr Somkiat said that Brazil, Latin America’s biggest economy and the world’s eighth largest, offered particularly good potential for Thai investors and exporters.

“The world is now eager to trade with Brazil due to its high and rising purchasing power and huge population of 192 million,” he said.

“More importantly, Brazil will host the next World Cup in 2014 and the Olympics in 2016, which will provide opportunities for Thai contractors and souvenir producers.”

As the host of the world’s two biggest sporting events, Brazil will have to embark upon more construction for basic infrastructure, buildings, offices and residences as well as sports arenas, hospitals, hotels and shopping complexes, said Mr Somkiat. In this regard, he suggests Thai investors try to forge joint ventures with Brazilian investors.

Thai exports to Brazil were valued at US$1.22 billion (38.9 billion) last year, mainly automobiles and parts, rubber and machinery. However, Thailand suffered a deficit of $880 million with that country due to imports totalling $2.1 billion, mainly plants and related products, steel and steel products, other metals and jewellery.

Visit Limprana, chairman of the Federation of Thai Industries’ Food Industry Club, said Panama also offered a great potential for Thai investments, particularly in the food industry.

“Thailand could use the 77-kilometre Panama Canal … to distribute Thai goods to the rest of Latin America and the United States, thanks to the canal’s location as a perfect spot to serve as a food distribution centre,” he said.

The FTI recently signed a memorandum of understanding with Supermarket 99, the biggest supermarket in Panama, to promote fruits, foods and other products from Thailand. At least one food distribution centre will be set up in Panama.

Last year, Thai food exports to Panama were valued at 173 million baht, up from 124 million baht in 2008.

Thailand’s overall exports to that country totalled 6.33 billion baht last year, up from 5.61 billion baht in 2008. The main products were autos and parts, television sets and components.

Imports from Panama were valued at 512 million baht last year, up from 108 million baht in 2008, mainly steel and steel products.

The Thai Chamber of Commerce, the Thailand Trade Representative Office and the embassies of Argentina, Brazil, Chile, Mexico, Peru, Panama and Cuba will jointly host the Latin Business Forum 2010 in Bangkok on Nov 18 in a bid to promote trade and investment between Thailand and the region.

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Chile Foreign Investment: Spencer Global Opens Offices in Frutillar, Chile

July 27, 2010 — According to the U.N., Chile had the largest growth in direct foreign investment of any Latin American country in 2010 so far, surpassing both Brazil and Mexico. Amazingly, Chile managed positive growth in the first quarter of 2010 after both suffering an historical 8.8 magnitude earthquake this year and weathering the ongoing Global Financial Crisis. This rock solid stability has earned Chile a special label as an “advanced developing country” and at the same time renewed interest from people both wishing to live in Chile and searching for safe-haven investment destination.

In response to the increasing interest by small to medium size investors in Chile, and Southern Chile in particular, Spencer Global has now opened a second office in Frutillar to better services private international investors in Southern Chile. The Frutillar office of Spencer Global complements the existing office in the fast growing City of Temuco. While the Temuco office of Spencer Global focuses mainly on corporate clients and international cases outside of Chile; the Spencer Global office in Frutillar will focus on servicing individual investors, retirees, and expats in Chile looking for a safe and pristine place to live and work.

About Frutillar Frutillar, Chile is a small town strategically located in Southern Chile at a crossroad to Argentina, Patagonia, Puerto Montt.

After several years of study, the team at Spencer Global determined that the town of Frutillar was perfect for the market they represent of retirees, families, and foreigners with small private investment. The town of Frutillar sits on the shores of Lake Llanquihue, about 20 mins from the larger town of Puerto Varas and the regional capital of Puerto Montt. Frutillar offers an exclusive community in the South of Chile, with all the elements that foreigners relocating or investing in Chile look for in a community.

Just a few of the larger direct foreign real estate investment projects taking place in Frutillar is the construction of the Teatro del Lagos project. The Teatro del Lagos (Theater of the Lake) is slated to be one of the largest and most advanced concert halls in Latin America featuring performers from around the World.

Additionally under construction is the Patagonia Virgin in Frutillar, that will include a Hyatt hotel and a Jack Nicklaus designed eighteen hole golf course overlooking the lake. Together with the other regional attractions such as ski resorts and fly fishing, Frutillar makes for a perfect operational base in the South of Chile.

“After extensive research and debate, we felt Frutillar both directly and indirectly was a strategic location for Spencer Global to provide services to our clients in the southern regions of Chile”, says Charles Spencer, General Manager and founder of Spencer Global.

About Spencer Global Spencer Global provides personalized legal and investment support services to private individuals and investors in Chile. Spencer Global’s clients range from individual retirees and families to small foreign run tourism businesses to multinational corporations wishing to import or export products.

Charles Spencer continues, “There are many international law firms in Chile, but most are limited in scope of their reach to Santiago and the Central Region of Chile. Spencer Global is unique in that we are the only full services international law firms in Chile with English Speaking Lawyers that specializes in representing foreign clients beyond Santiago and the Central Regions of Chile.”

In regards to what sets Spencer Global apart, Charles Spencer says, “traditional law firms and lawyers in Chile often lack the local connections and experience to properly represent foreign clients in the regions and rural areas of Chile. That is where the best untapped investment opportunities are to be found in terms of things like real estate and export opportunities. Representing foreign clients in these remote areas of Chile calls for a special set of skills and resources that at Spencer Global we have worked hard to foster across our organization.”

Spencer Global Specializes in providing legal services and investment support to small and medium size business, along with private individuals across Chile. Spencer Global also sponsors a series of web sites for foreigners and expats in Chile such as All Southern Chile and Patagonia and All Chile Forum, geared towards encouraging retirees, families, and private entrepreneurs to relocate and invest in Chile.

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Give us the Chance – South American Investment Property


Capgemini Brazil Acquires Sonda Procwork Business Process Outsourcing Facility

New Facility supports Capgemini’s Latin America expansion strategy and Finance &
Accounting needs of global clients
SAO PAULO–(Business Wire)–
Capgemini, one of the world`s foremost providers of consulting, technology and
outsourcing services, and Sonda Procwork, the Brazilian unit of Chilean IT
systems integrator Sonda , today announced that Capgemini Brazil has acquired
Sonda Procwork`s facility in Gaspar, in the state of Santa Catarina, Brazil and
will now deliver BPO services to global clients in the region who were
previously serviced by Sonda Procwork.

The acquisition of this facility is in line with Capgemini`s Latin America
expansion strategy, and also supports client needs in support of global finance
operations by providing a full-range of finance and accounting (F&A) services
from global delivery centers. More than 200 employees will transfer to Capgemini
and will continue to support the F&A and Human Resources Outsourcing (HRO) needs
of Capgemini clients globally and in the Latin America region.

“With the acquisition of this new Brazilian center as well as the establishment
of our other Latin American centers, Capgemini continues to expand our global
delivery capabilities, with the potential for more than 2,000 seats in the
region,” said David Poole, vice president and head of Americas Business Process
Outsourcing, Capgemini. “We`re leveraging Capgemini`s unique approach, which
utilizes business insight methods and solutions, combined with our deep
knowledge of the F&A market, to service our clients, including several
multinational businesses, allowing us to drive efficiencies and yield
significant cost savings for our clients` businesses.”

This Brazilian center was opened in 2007 in Gaspar, aiming to provide technology
solutions to Sonda Procwork`s customers located in the region. The operation
started with the deployment of SAP ERP, Information Technology Outsourcing (ITO)
and BPO services to a large company in the area.

“We have made a strategic decision to transfer BPO operations and the facility
to Capgemini as of January 2010, using initially the same structure, same team
and current work methods, which will cause minimal impact to our clients and to
the people involved,” said Carlos Henrique Testolini, president, Sonda Procwork.
“The activities related to SAP and ITO services currently performed in the
center will be transferred to other units of Sonda Procwork in Sao Paulo,
Alphaville and Campinas, ensuring continuity and quality of services provided to
our clients.”

About Sonda Procwork

Sonda Procwork, a company of the Sonda Chilean group, started to operate in
Brazil as a new brand of the company after the merger with Procwork Group in
June 2007. The union of these companies represents, within the country, a world
with more than 6 thousand employees and 800 active clients in 31 offices located
all over the Brazilian states.

Operating for 20 years in Brazil, Sonda Procwork holds one of the largest ranges
of offers in IT solutions such as Full IT Outsourcing, BPO (Business Process
Outsourcing) CSC (Shared Services Center), licensing and implementation of SAP,
automation software applications for taxes, foreign trade and management of
legal cases, software factory, Data Center and Device Utility, network security,
NOC (Network Operation Center), Service Desk e Field Services. The company has
certified CMM level 2 in its software factory units and ISO 9001 in the field of
both meeting and supporting SAP customers, and also in the software factory, in
addition to several awards and certificates of services quality achieved in
recent years.

Sonda is the largest Latin American company regarding IT services with business
in Argentina, Brazil, Chile, Colombia, Ecuador, Costa Rica, Mexico, Peru and
Uruguay. From the new structure with the Sonda Procwork, the company has more
than 12 thousand employees,62 offices, more than 2.4 thousand active clients and
is considered the fourth largest IT Company in Latin America, only competing
with global companies, according to IDC (Interactive Data Corporation). Sonda
trades its shares on the Stock Exchange of Santiago (Chile) and holds a stock of
over US$ 1 billion.

More information is available at http://www.sondaprocwork.com.br or http://www.sonda.com.

About Capgemini

Capgemini, one of the world’s foremost providers of consulting, technology and
outsourcing services, enables its clients to transform and perform through
technologies. Capgemini provides its clients with insights and capabilities that
boost their freedom to achieve superior results through a unique way of working,
the Collaborative Business ExperienceTM. The Group relies on its global delivery
model called Rightshore®, which aims to get the right balance of the best talent
from multiple locations, working as one team to create and deliver the optimum
solution for clients. Present in more than 30 countries, Capgemini reported 2009
global revenues of EUR 8.4 billion (approximately USD $11.6 billion) and employs
95,000 people worldwide.

More information is available at http://www.us.capgemini.com.

Rightshore® is a trademark belonging to Capgemini

Capgemini`s expertise is recognized in Business Process Outsourcing (BPO) with a
solution portfolio that spans Finance & Accounting, Customer Care &
Intelligence, Procurement, Assurance Management Human Resources and Knowledge
Process Outsourcing services. As part of Capgemini`s Rightshore delivery
network, BPO professionals provide services to clients worldwide 24 hours a day,
seven days a week, in 36 languages, from centers located in Australia, Brazil,
Canada, Chile, China, Guatemala, India, Poland, and the United States.

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Give us the Chance – South American Investment Property


Chile and Bolivia jointly celebrate mine-clearance in border areas

Chile and Bolivian Defence ministers and Army commanders will be meeting Thursday to sign documents declaring Fields free of mines, the border areas of Tambo Quemado 1 and Tambo Quemado 2 along their common border which until only recently were planted with thousands of mines.

The ceremony and all the previous activities leading to the signing of documents accomplished in the framework of the Ottawa Convention on anti personnel mines was described by the Chilean army as “a decisive step towards closer cooperation links with a regional neighbour”.

Ministers Ruben Saavedra from Bolivia and Jaime Ravinet from Chile together with Bolivian Armed Forces chief of Joint Staff General Ramiro de La Fuente, Chilean Army commander in chief General Juan Miguel Fuente-Alba and his Bolivian Army counterpart General Antonio Cueto will be leading Thursday’s ceremony.

In the seventies during the one hundredth anniversary of the Pacific War 1979/1983 (involving Chile, Bolivia and Peru), Chilean forces, fearing a repeat of the confrontation, planted a total of 22.988 anti personnel and 8.765 anti-tank mines in 42 different fields along the border with Bolivia.

So far seven of the most highly concentrated fields have been cleared.

As a result of the Pacific war Chile kept Bolivia’ sea outlet and the southern province of Peru, both of which it would later incorporate to its territory.

In the 1970s the three countries, Chile, Bolivia and Peru were ruled by military regimes.

In another gesture of close relations the Chilean Army invited General Cueto to the August 20 ceremony to celebrate the 232 birth anniversary of Chilean national liberator Bernardo O’Higgins.