LatinNews Daily - 13 November 2018

Development: On 12 November Argentina’s President Mauricio Macri signed a presidential decree under which private sector firms in the country are to pay a year-end bonus to their employees to compensate for the loss in purchasing power resulting from Argentina’s high inflation rate.... Read More

Development: On 12 November dozens of employees from the Caracas metro took to the streets in Venezuela's capital to protest against “unjustified dismissals”.... Read More

* Bolivia’s productive development minister, Eugenio Roja, and Allan Heldberg, the commercial attaché from the Danish embassy in Bolivia, have signed an agreement to continue the 'ProBolivia/Jiwasa' programme which seeks to improve the participation of urban small and medium-size enterprises (SMEs) in the national economy.... Read More

Development: On 12 November Brazil’s former finance minister and current CFO of the World Bank, Joaquim Levy, was confirmed as the new CEO of the state-run development bank (BNDES).... Read More

* The Brazilian firm Braskem, Latin America’s largest petrochemical company, has reported that its net profits in the first nine months of the year totalled R$2.45bn (US$795.9m), 20% lower than in the comparable period last year.... Read More

Development: On 12 November the presidents of the main political parties and presidential candidates, along with representatives from the electoral authorities (TE), media, the private sector, and civil-society signed an ethics pact ahead of Panama's May 2019 general election.... Read More

* Haiti’s chief prosecutor of Port-au-Prince, Ocnam Clamé Daméus, has issued an order freezing the bank accounts of 36 companies.... Read More

Development: On 12 November Mexico’s President-elect Andrés Manuel López Obrador announced that he would hold a public consultation in under two weeks on the ‘Tren Maya’ railway line in the south-east of the country, an oil refinery, and 10 social programmes.... Read More

* Mexico’s national statistics institute (Inegi) has reported that tourism activity in the country increased by 2.3% in the second quarter of the year compared with the same period last year.... Read More

* Uruguay’s national retail and services chamber (CNCS) has published a new report in which it warns that Uruguay’s domestic economy is entering a “danger zone” and could start to stagnate or even contract next year.... Read More