Category: Business

Information regarding the business sector.

New Pacific Metals files technical report on Silver Sand project in Bolivia

Silver Sand is located in approximately 25 kilometres northeast of the renowned Cerro Rico silver and base metal mineral system near Potosi, Bolivia. According to the report, the deposit contains 35.4 million tons in the measured and indicated category grading at 137 grams per ton silver for a total of 155.9 million ounces of silver. The project also has 9.8 million tons at 112 grams per ton silver for 35.6 million ounces in the inferred category. Nearly 70% of the resources are found within 200 metres of the conceptual open pit surface.

E-commerce in Bolivia reaches only 10%

About 10 million people in the country have internet access, but only 5% have unlimited internet access, which is the basis for teleworking, Tele-education and the digital economy. 95% of the population has access to the internet from their mobile phones, which is not enough for these jobs. Only 2% carry out banking transactions online. Only 85% of the companies dedicated to commerce have a web page, and 92% of the companies do not have an internet network

Business sector requests deferral of tax payment

The paralysis of the economy, the slow reactivation and the lack of closing of the financial statements of the companies, force the business sector to request a deferment of the payment of the Profit Tax, which is fulfilled this May 29, until October or at least to delay 60 days. The National Chamber of Commerce (CNC-Bolivia) and the National Chamber of Industries (CNI), in a joint statement, said that due to the paralysis of most economic activities during the quarantine, companies have been unable to generate sufficient income to meet their obligations.

Trilogy International Partners (TIP) which owns Viva in Bolivia reports $152.8 mn revenues

Trilogy International Partners (TIP), which owns telecoms assets in New Zealand(2degrees) and Bolivia (Viva), has reported total revenues of $152.8 million for the three months ended 31 March 2020, down 19% from $187.7 million on an annual basis. The group reported a net loss of $17.3 million for the period under review, compared to a deficit of $2.9 million in the first quarter 2019.In operational terms Viva reported 1.79 million wireless customers at the end of March.

Bagó Laboratories – Bolivia, first pharma company to enter into e-commerce

Bagó Laboratories in Bolivia saw the need to create the new e-commerce platform “Bagó 24/7”, to have a new channel of attention and support to pharmacies when placing orders, during the sanitary restrictions determined by the quarantine. This activity positions Bagó Laboratories as the first company to venture into B2B (Business to Business) e-commerce in the pharmaceutical industry.

YPFB signs an interruptible contract with Petrobras

The state-owned oil company YPFB and Brazilian Petrobras signed an interruptible contract for the purchase and sale of gas, which will be valid from May 1 to 31 of this year. The executive president of the state oil company, Herland Soliz Montenegro, said the agreement signed with the neighboring country’s oil company, allows the integrity of the reservoirs to be preserved.

Two companies manufacture prototype ventilators

Two companies are working on prototypes of medical ventilators. Quantum and Scorpion Soft with professionals from different areas carry out this work together. However, they face some difficulties in terms of trafficability and others to carry out manufacturing. These are initiatives that support the fight against the coronavirus.