Industries and markets

Banco do Brasil Could Be Privatized to Compete with Fintechs

“The President of Banco do Brasil, Rubem Novaes, says the institution must be privatized to adjust to the open banking model.”

Argentina: New Digital VAT Book Deadlines

Argentina has prolonged its implementation deadlines for for the Digital VAT Book (Libro de IVA Digital).   What is the Digital VAT Book? Argentina implemented a new system to electronically register sales, purchase, assignments, exports

Colombia orders Facebook to strengthen security measures to protect users personal data

“Facebook has until June 14 to implement useful and effective new security measures to prevent unauthorized or fraudulent use of personal data, the Superintendency of Industry and Commerce said in a statement.”

Minister Marcos Pontes Reportedly Negotiating Terms for Tesla Plant in Brazil

“Should Tesla decide to build its South American base in Brazil, there should be great competition among states and municipalities for the automaker’s preference.”

Chile Already Preparing for Intense Protests in March

“The alliance calls for a “Feminist March”. Protests continued despite holidays and are now gaining momentum again. In addition, the referendum on the new constitution is drawing closer.”

Optimistic finance secretary predicts economic turnaround this year

“The main boost will come from the ratification of the new trade agreement, he said.”

Brazil: New version of PGD DCTF available for download

On February 11, 2020, version 3.5c of the DCTF Monthly Statement Generator Program (PGD) was made available for download on the website of the Federal Revenue Service, which should be used to fill in the

Brazil: New GFIP manual and version 8.4 of Sefip

Although eSocial and DCTFWeb will gradually replace GFIP, GRF and FGTS, a new norm has been published for GFIP and FGTS. The Normative Instruction No. 1.922 was published by Brazil`s RFB which approves the Manual

Argentina anticipates rough times for bondholders in any of three possible economic scenarios

“Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Martin Guzman warned that holders of Argentine debt will probably be

Brazil’s Real among the worst performing currencies this year, shrinks 8%

“The latest slide marked the fourth day in a row the real has made a new low against the dollar and brought its losses since Jan. 1 to almost 8%, making it one of the