InvestChile Highlights Chile's Ranking as the Latin American Country With Most Potential to Attract Foreign Investment - Canada NewsWire | Canada News Media
Chile led the Global Opportunity Index 2021, published by the Milken Institute, which identified it as the region’s most attractive country for foreign investment.
SANTIAGO, Chile, Feb. 6, 2021 /CNW/ — InvestChile, the Foreign Investment Promotion Agency, highlighted the results of the Milken Institute’s Global Opportunity Index 2021, which positioned Chile as the Latin American country with the greatest potential to attract foreign investors.
“Chile received the highest ranking in the region due to its strong performance across all categories measured, particularly regarding how friendly its institutions are to foreign investors,” stated the California-based institute.
According to the report, Chile showed the best performance in the five categories measured by the Index – business perception, economic fundamentals, financial services, institutional framework, and international standards and policy – and ranked 36th globally. In Latin America, it was followed by Uruguay (48th), Costa Rica (55th), Mexico (64th) and Panama (65th). Sweden led the global ranking, followed by the United Kingdom, the United States, the Netherlands and Switzerland.
The director of InvestChile, Andrés Rodríguez, commented that the results are good news for Chile, particularly given the situation of foreign investment globally. “World foreign direct investment was down by 42% in 2020, so it is important to stay competitive, offer good business opportunities and stand out regionally,” he said.
“Despite the pandemic, InvestChile’s portfolio grew by 23% last year, with a 20% increase in the number of projects, demonstrating the interest of foreign investors in starting operations or expanding their business in Chile. In this process, it is essential that they have a public agency like InvestChile, which assists foreign investors and provides free advice to facilitate their installation and expansion in our country,” added Rodríguez.
The Global Opportunity Index assesses countries’ strengths and challenges according to the support that their institutions and policies provide for foreign investment. The annual ranking uses 96 variables, including a country’s macroeconomic outlook, potential for future innovation and development, access to financial services and compliance with international standards, as the basis for a forward-looking analysis of the potential for foreign investment in 145 countries.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
