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Showing posts from January, 2006

CHILE’S COMMERCIAL SECTOR PREDICTS GROWTH IN 2006

A newly released market analysis by Chile’s Production and Trade Confederation (CPC) predicts that Chile’s economy will grow by 5.5 percent in 2006. The report highlights internal demand as the continued driving force behind Chile’s economic expansion.

Strong gains are expected in the banking sector with a predicted growth rate of 13 percent in 2006. The construction industry is also expecting another boom year with the Chilean Chamber of Construction planning to increase investments in infrastructure by eight percent, slightly less than 2005, but private construction companies predict a 14 percent overall increase because of investments in production capacity over the last year.

The pulp and paper industry is also expected to increase its production capacity this year. The Chilean Wood Corporation (CORMA) estimates that cellulose, milled wood, lumber, and newspaper production will increase capacity by 10 percent, representing an 8.3 percent profit increase over 2005.
Mining should conti…

HIGH RANKING MEMBER OF DICTATORSHIP CHARGED WITH MURDER

General Alejando Medina, president of the Chilean Circle of Retired Admirals and Generals was arrested Monday for the murder of seven paratroopers immediately following the 1973 military coup. Thirty-two years after the paratroopers were executed by members from their own unit, Gen. Medina, then director of the military’s school of paratroopers, as well as six other retired military officials, were charged with two counts of aggravated kidnapping and five counts of homicide.

Gen. Medina was placed under arrest after appearing before Judge Carlos Gajardo and transferred to the Military Police Battalion (BPM) in Peñalolen. He was later released shortly thereafter on a $200,000 peso (US$375) bail while awaiting sentencing.

Judge Gajardo convicted Gen. Merino on five counts of homicide for the murders of Alberto Ampuero, David González, Julio Martinez, Javier Sobarzo, Enrique Toledo, and the two counts of kidnapping for the disappearance of Luis Barraza, and Jorge Piérola whose bodies have …