201904.30
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TLA Times | April 30, 2019

SNAPSHOT

Life expectancy (in years) in Colombia.


Source: data.worldbank.org


EXCHANGE RATE
 



Figures from Apr. 25 Source: www.xe.com


FUN IN THE SUN

Explore the Paraiso Reef off Cozumel island.
 
Casa del Mar Hotel Cozumel & Dive Resort offers a number of packages for those who want to explore the underwater wonderland of Paraiso Reef, one the most spectacular diving spots in the Caribbean. The resort has a dive concierge to assist you with making sure you have the right equipment and use of diving associated shops to guide you. Details
LATIN AMERICA 

Online retail giant, South American nations fight over .amazon.

Eight South American nations and the world’s largest e-commerce retail company are battling for control on the domain .amazon, The New York Times reports. Brazil, Peru, Colombia, Ecuador, Bolivia, Venezuela, Guyana and Suriname want companies in their countries to use the domain to promote tourism. Amazon.com doesn’t want confusion over the name of the internet. Details


BRAZIL 

Malaysia’s oil company buys stake in Petrobras’ deepwater assets. 

S&P Platts reports that Malaysia’s Petronas purchased 50% of Petrobras’ deepwater assets in the Campo Basin. No price was disclosed in the transaction between the two state-owned oil companies.  Petrobras will be the operator on the project. Flushed with cash, Petronas has been searching for assets outside Malaysia as domestic production has slowed.   Details


CHILE

Chile makes pitch  to become China’s hub for Latin America.

Reuters reports that Chilean President Sebastian Pinera invited the Chinese to use Chile as a center for businesses in Latin America. Pinera’s remarks came at an investment forum in China. Pinera met with executives from Chinese companies during a weeklong trip to Asia. Chile is China’s largest trading partner in South America. Details


MEXICO

Netflix making 50 movies and series in Mexico.

Netflix is expanding its production in Mexico, producing or co-producing 50 films and TV series there, the Los Angeles Times reports. As recently as 2017, Netflix produced only seven projects in Mexico. More than half of Netflix’s subscription base is outside the United States and the international segment is growing much faster than the domestic customer base.  Details

India-based tech services company plans to operate in Mexico.

Zensar, an IT services company based in India, says it will expand into Latin America through its operations in Mexico City, the Hindu Business Line reports. The company wants to use Mexico City to service customers in North America as it expands in Latin America.  “Mexico is a strategic choice for us due to its proximity to our key customers based in the U.S. and the availability of local talent,” CEO Sandeep Kishore says. “We are committed to investing in geographies that add to our global business growth and customer convenience.”  Details