Price hikes made sales jump 24%, but deficit exceeds $64bn in the year 12/12/2022 The strong rise in international prices of chemicals has boosted revenues of the industry this year. According to preliminary data from Abiquim, the trade group that represents the sector, net sales probably reached R$969.4 billion, up 24% year-over-year and an all-time […]
Justices rule multi-billion impact disputes over PIS, Cofins, Funrural, Difal-ICMS 12/12/2022 Ricardo Lewandowski — Foto: Carlos Moura/SCO/STF A package of tax disputes that represent a significant impact on federal government and state accounts is being decided by the justices of the Federal Supreme Court (STF) this week. There are almost R$150 billion under discussion. Financial […]
Yet, lower house mulls requiring a fiscal rule; lawmakers also disagree with suggestion for new anchor to be introduced through complementary law 12/09/2022 Alex Manente — Foto: Luis Macedo/Câmara dos Deputados Approved by the Senate on Wednesday night, the Transition PEC (proposal to amend the Constitution) will begin to be negotiated only now by parties […]
Partnership includes renewable power generation for 10 to 15 years to 1,000 consumption points in four states 12/09/2022 Aurélien Maudonnet — Foto: Divulgação Helexia Brasil, a subsidiary of the French group Voltalia, has signed long-term contracts to supply phone carrier TIM, fuel distribution company Vibra, and pharmacy chain Raia Drogasil with solar power. There will […]
Asian country plans to reduce import volume in the next years 12/09/2022 Corn — the second most important agricultural crop in Brazil — has been gaining space in the country. The chain strengthens as companies invest in the genetic improvement of seeds, the cultivated area grows, and markets open up, such as China, which this […]
Brazilian subsidiary is among fastest growing operations; focus is on savory snacks 12/09/2022 Alexandre Carreteiro — Foto: Silvia Zamboni/Valor PepsiCo will invest R$1.2 billion in its food operations in Brazil in 2023 as part of a project to double in size within five years. This is the food giant’s largest annual investment in 70 years […]
Expensive and sophisticated models are more accepted in Chile, Colombia and Mexico 12/08/2022 Márcio de Lima Leite — Foto: Silvia Zamboni/Valor The foreign market will be one of the biggest highlights for the Brazilian automotive industry in 2022. The problems in Argentina, where currency clearance restrictions hinder imports, have been compensated by the expansion of […]
In face of fiscal risks, Copom maintains key interest rate Selic at 13.75% 12/08/2022 Central Bank’s building in Brasília — Foto: Reprodução/Facebook Central Bank’s Monetary Policy Committee (Copom) kept intact the key interest rate Selic at 13.75% per year and its monetary policy message that foresees the maintenance of the rate at high levels for […]
Center comes at a time when many healthcare groups are opening cancer centers 12/08/2022 Parque Global is a planned district under construction in São Paulo — Foto: Reprodução/Parque Global The Albert Einstein Hospital is investing in a R$1.2 billion oncology and hematology center. The 32,000-square-meter facility, expected to be inaugurated in 2025, will be built […]
First unit abroad opens in 2023 to facilitate exportation logistics to Americas, Europe and Africa; expected production totals 40 tonnes per month 12/06/2022 Ana Oliva — Foto: Divulgação Japi, a Jundiaí-based manufacturer of sanitary ware and gardening accessories, is preparing its first unit abroad, in the Dominican Republic. The plant is expected to start operating […]