Search Results for: Venezuela

THE INSURANCE risks involved in oil and gas exploration and production (E&P) are rising in line with growing industry complexity and the move into deeper, remoter and more environmentally sensitive environments.

This is placing ever greater demands on the need to identify, quantify and insure against risk, particularly when the financial and reputational repercussions of getting it wrong are escalating too.…

BRAZIL is an innovative technical textile producer, declares a report from a senior São Paulo’s business school the Getúlio Vargas Foundation (FGV), despite the sector experiencing teething problems as it expands. Looking at the Brazilian textile sector as a whole, the study estimates that 77% of investment into the sector during 2012 was used to buy innovative machinery – and the technical textile sector especially has a lot of demand to meet.…

THERE was much fanfare in Managua in June when Nicaraguan officials granted a concession to build a USD40 billion canal, which would challenge the great Panama Canal. The unlikely builder: a Chinese businessman, Wang Jing, chairman of China-based Xinwei Telecom Enterprise Group and president of the newly established Hong Kong Nicaragua Canal Development Investment Co.…

Venezuela’s cosmetic craze is renowned throughout the region. A beauty culture exists that – besides boosting sales – has produced six Miss Universe winners, six Miss World winners, six Miss Internationals and one Miss Earth. But despite the extra attention given to personal care in this Andean nation, residents have recently been hard pressed to find the most basic of necessities, such as soap and shampoo.…

WHILE it is hard to generalise about a region as diverse as Latin America, the truth is that many of its consumers are more concerned about personal appearance than is typical elsewhere in the world, and that is good news for the personal care product industry.…

Venezuela’s tobacco growers and manufacturers are looking to newly elected president Nicolás Maduro to offer them an olive branch after his predecessor Hugo Chávez levied costly taxes and imposed punishing legislation on the industry.

“We’re hoping for change,” said Enrique Moreno, President of the Venezuelan Tobacco Growers Association (AVENCULTA).”We…

A CENTRE-left Portuguese member of the European Parliament (MEP) Nuno Teixeira has raised concerns about the safety of Brazilian beef after learning that two shipments of Brazilian beef meat have been blocked in the port of Rotterdam after testing positive for the presence of Ecoli bacteria.…

After 14 years of Hugo Chávez’s self-styled “social revolution”, his death this March has left Venezuela’s business executives and accountants looking to a new president to jumpstart the country’s stumbling economy. Venezuela’s consumer prices soared and scarcities of basic consumer goods reached record highs last month as Nicolás Maduro was narrowly elected to replace his strongman predecessor.…

The Inter-American Drug Abuse Control Commission (CICAD), a technical agency of the Organisation of American States (OAS), is playing an increasingly influential role in the Americas in terms of fighting drug-trade linked money laundering. Specifically, CICAD has a central role in the unfolding of the Hemispheric Plan of Action on Drugs 2011-2015 which was adopted by the OAS in 2011, and includes key anti-money launderingAML components.…

COLOMBIA industry associations and politicians have warned the country’s automotive industry is at risk following the signing of a free trade agreement with South Korea in February.

The free trade agreement, which is expected to come into force at the end of this year, will eventually allow South Korea-made vehicles to enter the South American country free of the current 35% tariff.…