President Luis Arce Catacora's government has expressed its willingness to allow, following a technical study, the use of biotechnology for the production of soy, cotton and sugar cane, according to Isidoro Barrientos, president of the Cámara Agropecuaria de Pequeños Productores del Oriente (Cappo).
The Bolivian Chamber of Hydrocarbons and Energy (CBHE) renewed its board of directors and expressed its commitment to coordinate and promote joint work between the public and private sectors to advance the implementation of projects and continue the search for new opportunities. The new vice-president of the CBHE, Pedro Ribeiro, said that since 2006 the private sector has invested $14 billion in the hydrocarbons area.
Bolivia signed a gas sales contract with Petrobras that improves the price by 51% over the eighth addendum signed in March 2020. Bolivian President, Luis Arce Catacora, stated that the country will receive $25 million in two months as a result of this new contract.
Heavy rains and overflowing rivers in Santa Cruz caused producers to lose more than 8,000 hectares of soybeans, representing more than 160,000 tonnes; the economic impact estimated by those affected is more than $3.5 million.
Bolivia will invest $279 million in building ecological diesel and biodiesel plant to reduce imports of liquid fuels, Hydrocarbon and Energy Minister Franklin Molina announced. It is estimated Bolivia will spend between $1bn and $1.2bn importing diesel in 2021 for domestic supply.
The rains have affected some 9,000 hectares of soybeans in the municipalities of Yapacaní, San Pedro, Fernández Alonzo, San Julián and El Puente. Source: El Deber
Faced with the effects of Covid-19, insurance companies are limiting underwriting and applying greater rigour in the sale of life insurance. In a scenario marked by many deaths, the value of premiums in some cases tripled. The National Tax Service (SIN) issued a regulation increasing the Corporate Income Tax (IUE) from 25 to 50 per cent for companies in the financial sector.
Silver Elephant Mining Corp announces that a 2,300-meter drilling program has commenced at its 100% owned Sunawayo silver lead zinc project ("Sunawayo") in central Bolivia. It is the first-ever drilling campaign in history at Sunawayo, acquired by Silver Elephant in September 2020. Since that time the Company has collected over 900 samples along an 8 km strike length. Over 86% of those samples returned silver assay results grading from 1 g/t to 458 g/t. These results demonstrate extensive near-surface silver mineralization at Sunawayo.
From trade unions to large employers, grouped in more than a dozen institutions, on Wednesday rejected a return to a rigid quarantine in the face of the resurgence of coronavirus cases. The sectors assured that new restrictive measures would cause the loss of more than 500,000 direct and indirect jobs.
The insurance sector registered an annual growth of 3.70%, lower than the previous period which reached 13.94%, as indicated by the conclusions of the Analysis of the Bolivian Insurance System carried out by the rating agency Moody's. Source: El Deber