Aim is to open more room for allies and non-elected politicians in boards 01/18/2023 Luiz Inácio Lula da Silva — Foto: Eraldo Peres/AP Less than a month after the beginning of its term, President Luiz Inácio Lula da Silva’s team is preparing a clean bill that aims to change the State-owned Companies Law. The goal […]
The project, however, still depends on environmental permits 01/17/2023 Maraey — a tourism-residential project run by foreign investors in Brazil — has reached an agreement with Marriott International to build three hotels on the property, located in Maricá, Rio de Janeiro state. In total, R$ 2.3 billion in investments are planned for the three structures. […]
Suppliers want to receive cash for new deliveries; shopkeepers fear drop in sales 01/17/2023 Americanas contacted sellers on Monday to reassure them about possible risks — Foto: Dado Galdieri/Bloomberg Americanas already faces difficulties negotiating with large suppliers and insurers, sources say. Among small shopkeepers who supply its online marketplace — the company’s largest business — […]
José Roberto Mendonça de Barros says new administration must define a fiscal anchor and send tax reform to Congress 01/17/2023 Jose Roberto Mendonça de Barros — Foto: Silvia Costanti/Valor Economist José Roberto Mendonça de Barros says that the fiscal package announced by the economic team is “positive, welcome, and healthy.” But it represents the first […]
Investment funds participation in business drops to 23.7% from 35% in 2019 01/16/2023 In a scenario of high real and nominal interest rates, with no prospect of a reversal in the short term, and still suffering from withdrawals from shareholders, the institutional investor — in this case, basically investment funds — has progressively shrunk its […]
Some companies even consider making investments to ensure greater sugar production in the next harvest 01/16/2023 Uncertainties about what the Lula administration’s policies for fiscal balance, monetary policy, fuel pricing policy, and fuel tax policy will look like, in addition to doubts about the direction of the foreign exchange rate, are causing concern among sugarcane […]
Lower value of iron ore brings Chinese share down to 26.8% from over 30% 01/16/2023 After reaching a share of over 30% in 2020 and 2021, China’s share in Brazilian exports fell to 26.8% last year, especially because the value of iron ore shipped dropped. The share is also lower than in 2019, when the […]
Fourteen auctions may take place this year, bringing R$740m in new investments 01/16/2023 In 2023, the focus of the sanitation market is expected to turn to municipal projects as there is no prospect of large state auctions in the short term. Fourteen municipal auctions are in progress and may take place this year, bringing at […]
In strong expansion, the egg company estimates revenues of R$2bn this year 01/13/2023 Denilson Dorigoni — Foto: Divulgação After investing more than R$1.5 billion in 15 acquisitions since it was created, in 2006, by businessman Ricardo Faria in Nova Mutum, Mato Grosso, Granja Faria is preparing to take the lead in the Brazilian commercial eggs […]
Startup will operate importing and distributing products 01/13/2023 Claudio Lottenberg — Foto: Ana Paula Paiva/Valor Zion Medpharma and Tegra Pharma launched on Thursday Endogen, a startup the two drugmakers called “the largest medical cannabis healthtech” in Brazil. The new medical cannabis and nutrition brand will operate by importing and distributing products. In addition, it will […]