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Santiago is the 5th richest city in Latin America

Consulting firm Pricewaterhouse Coopers recently ranked the richest cities in the world by measuring economic output and consumer buying power. Santiago ranked 53rd overall, but 5th among other cities in Latin America, after Mexico, Buenos Aires and Sao Paulo and Rio de Janeiro. The survey ranked 151 major cities by dividing the city GDP by the purchasing power of each resident. Tokyo and New York took the top two positions by a high margin: according the report, Tokyo is worth US$1.2 billion and New York US$1.1…

As Coronavirus Spreads, Bears and Fear Infect the Commodity Markets

Coronavirus continues to be a black swan hitting the markets, with both the stock market and commodity market getting hit hard on Monday. The Dow was on pace to have its worst day in two years. The number of cases outside of China shot up over the weekend, and the World Health Organization (WHO) even acknowledged the world is not ready for the virus’ global spread. DuWayne Bosse of Bolt Marketing says the main factor driving down prices on Monday is uncertainty. “Markets hate uncertainty, especially…

Avison Young invests in Valuation & Advisory business for Latin America operations

Max Gill and Michelle D’Artigues join as Principals in Mexico City, continue partnership to grow business line for the region Max Gill and Michelle D’Artigues join as Principals in Mexico City, continue partnership to grow business line for the region Mexico City, MX – Emile Sarraf, Avison Young Principal and Managing Director of the firm’s Mexico City office, today announced the appointment of Max Gill and Michelle D’Artigues as Avison Young Principals. Gill and D’Artigues,…

Five Entrepreneurial Lessons I Learned Growing Up On A Farm

“The ultimate goal of the farm is not the growing of crops, but the cultivation and perfection of human beings.”—Masanobu Fukuoka On July 31, 1951, I was born on a farm in a faraway place called New Zealand. Today I run a Real Estate business in the heart of South America called “Gateway to South America“. For many years, I ran away from my farm-life upbringing because I thought it had no place in this business, but over time, I’ve come to embrace some of my farm-boy ways to a competitive…

Understanding International Family Offices as an alternative source of investment capital

The role of the family office has often been misunderstood, even though the concept has been around (in a variety of forms) for hundreds of years. Still today, as this industry controls billions of dollars in assets under management, there are many intelligent, experienced finance professionals who cannot offer a complete definition of what a family office is exactly. Today, the family office industry is expanding at an impressive pace, with new family offices opening every month and assets continuing to…

5 Tips for business success for US companies in Chile

As one of the world’s most entrepreneurial nations, there are ample business opportunities for US companies in Chile. Chile and the US have maintained a strong commercial relationship dating back to 1918. In 2019, both countries celebrated their 100th anniversary of the Chilean-American Chamber of Commerce. This longstanding and mutually beneficial commercial relationship has fostered strong connections between the 2 countries. For decades, Chile has modelled its economy and institutional foundations on…

Inheritance and Wills in Chile

The basic order of inheritance in Chile after someone dies is that of surviving spouse, children, parents, grandparents, siblings, and then cousins. This also includes the rights of spouses and children for their direct ascendant or decedent to inherit. You are allowed to give a certain percentage of your estate in a will to whomever you like, but for the most part, you can not avoid giving these family members with mandatory inheritor rights a portion of your estate by just drafting a will. There are certain…

The six biggest trends in global agriculture

The agricultural sector undoubtedly has its challenges; the impact of over taxation, increasing input costs, drought, waste, plastics, energy sourcing, labor, over-processing and methane emissions just to name a few. Equally, however, there are also many opportunities. So, what are some of the exciting trends we are seeing in agriculture today? Below I highlight six trends that we have identified, providing interesting insights into the rapid change underway in the sector and the potential investment opportunities…

” Open veins of Latin America” A must read for anyone thinking of doing business or living in Latin America

This translated book begins with a foreword by left-wing writer Isabel Allende, and here is  just one quote from her  introduction of the book: “His work is a mixture of meticulous detail, political conviction, poetic flair, and good storytelling.” The translation by Cedric Belfrage merits special note. This book sings in English, and the translator has done justice to the original. A major recurring theme throughout the book is that of capital squandered by the few while the many actually producing…

The Agricultural dilemma as disruptive Technologies take hold

A September 2019 report by RethinkX, an independent think tank based in London and San Francisco, predicts major disruption in food and agriculture over the next decade. Rethinking Food and Agriculture 2020-2030, the Second Domestication of Plants and Animals, the Disruption of the Cow, and the Collapse of Industrial Livestock Farming forecasts the wholesale collapse of dairy and cattle industries by 2030 as animal protein production is replaced by “precision fermentation” (also known as synthetic biology…

Top farmland investors name South America a top place to buy, lease and manage agricultural lands for profit

  Farmers’ fields in South America are among the most prized assets in a new global market for agricultural land that has sprung up alongside soaring commodity prices. Private equity and fund managers at a farm investing conference in Geneva named South America a top place to buy, lease and manage agricultural lands for profit. “The South American marketplace is really booming along right now,” said Mark Zenuk, managing director of the $3 billion NGP Global Adaptation Partners fund. Black…

10 property tips when buying

My thoughts from 30 yrs in the real estate industry. Tip 1: Contact your broker, don’t wait for them to contact you – Good properties always sell even in a tough market. Your ability to buy the best properties that tick all of your boxes comes down to the relationships you have with the local brokers, so take the lead and make sure they always think of you first when they become aware of that perfect property. Tip 2: Buy when you can afford to buy – You will never get: (1) High growth,…

Foreign direct investment in Chile increases by 64% to USD 10.325 Billion in the first ten months

In October, the net inflow of foreign direct investment reached USD 850 million. At USD10.325 billion, foreign direct investment (FDI) in Chile in the first ten months of this year represented an increase of 64% on the same period last year and was in line with its performance over the past five |years (an average of USD10.584 billion for 2015-2019). According to the Central Bank of Chile, there was a net inflow of USDv850 million in October. The figure reflects a high level of equity contributions, which reached…

Chile’s Kiwifruit saw the highest prices in five years this season

Chilean kiwifruit was having a golden moment a few years ago, until the arrival in the country of what is known as the kiwazo – an explosive rise in the number of orchards. This led to a sharp rise in export volumes, which in turn impacted prices, making the business less profitable. This year, however, Chilean kiwifruit fetched the highest prices in five years in the U.S. market. This is largely due to a 15% drop in export volumes (and a 17% drop in shipments to the U.S.). The lower supplies largely…

Bloomberg analysis: “Chile seeks to emerge from its crisis but is paying a very high price”

“It is at stake not only for social peace but also for the reputation of Chile’s fiscal prudence that has earned it the highest sovereign debt rating in Latin America,” the agency says. Chile bets on its status as a model example in favor of the market as the government rules out plans to reduce debt in favor of at least $1.5 billion per year in additional social expenses to appease the protesters. In the midst of violent demonstrations that reach a second month, officials are now planning…
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