Month: May 2020

Internet consumption up 40% due to quarantine

Due to the quarantine, the implementation of teleworking and tele-education, internet consumption in Bolivia rose by 40%. In the country, the telephone companies currently have more than 10 million users, of which between 80% and 85% are postpaid customers and the rest are prepaid customers (mainly cell phones). These users have increased internet consumption by 40%, reported the president of the Bolivian Telecommunications Chamber (Catelbo), Eduardo Trigo.

Government defers payment of credits for those who owe less than $144,882

Those who owe less than Bs.1 million ($144,882) to the banks will be able to defer their June, July and August quotas, Development Minister Oscar Ortiz said. People who owe less than one million Bolivians represent the vast majority of people who owe to banks. This is the second time that bank loans are deferred, as payments from March, April and May were previously deferred.

Brazil gas requirement rises to 14 MMm3/d

Brazil’s requirements rose to 14 million cubic metres of gas, a situation which, from the perspective of the hydrocarbons minister, augurs well for Bolivia’s revenue recovery. The arrival of winter would also determine an increase in gas demand from Argentina. According to reports from the Bolivian Institute of Foreign Trade (IBCE), in the first quarter, natural gas exports represented 33% of total exports, for an amount of $664 million.

Internet consumption rises by 40% in Bolivia

Due to the quarantine, the implementation of teleworking and Tele-education, internet consumption in Bolivia increased by 40%, but new users do not even reach 10%. The telephone companies have more than 10 million users, between 80% and 85% are post-paid customers, and the rest opt for prepaid, especially in consumption by cell phone. Because of the quarantine, several post-paid users have been owing bills since January, so the companies are suffering from severe illiquidity, which forced the operators to suspend their investments to improve the service.

At least 40% of pig farms will be closed

Two months after the quarantine, 40% of the 115 formal farms operating in Santa Cruz decided to close due to the sharp drop in demand for pork, which also caused the price of the live kilo to fall to Bs 10.5. Forty-five thousand pigs remained in the production centres of Santa Cruz, a region that supplies 80% of the animal protein in the whole country.

Seven economic sectors will generate unemployment

The Center of Studies for Labor and Agricultural Development (CEDLA) anticipates that this year industry and manufacturing, construction, tourism, hotels, mining and hydrocarbons and public administration, will be the economic activities that will generate more unemployment due to the sharp contraction they will experience during 2020. The informal sector will continue to be the cushion of the employment crisis. The National Chamber of Commerce estimates an increase of 200,000 unemployed.