Portfolio Tilt

In the case of Empresas CMPC S.A. (IPSA: CMPC), it will invest $500 million in its modernization. Bank of Chile (NYSE:BCH), plans to improve their services and technological processes after the merger with the Citi (NYSE:c) by a value of US $100 million. Cencosud (IPSA:CENCOSUD), for its part, will allocate close to $1 billion in consolidating their markets. The other two companies belonging to the top ten of the Santiago values Exchange, Compania de Aceros del Pacifico S.A. (IPSA:CAP), and Colbun (IPSA:COLBUN), also have ambitious expansion projects. CAP S.ainvertira US $1.6 billion to increase its production by more than double, while Colbun has projects for about US $1.5 billion for the next five years. What is leading these firms to carry out such ambitious plans of? expansion? Without a doubt, there are two determining factors depending on the orientation of the company, and who are the strength of the Chilean economy beyond the difficulties which is currently going through, and the search for consolidating the diversification both at regional level and of activities that are being carried out some of the major companies.

In the article for two weeks ago while it seeks to solve the current problems, Chile looks to future, he commented about the Chilean Government’s long-term vision, which ensures that the bottlenecks that may face the economy are minimized. With these companies, who have an interesting perspective, the inverter has a wide variety of opportunities to diversify its portfolio. As comment on them for more than one month the Panorama to invest in Chile is, beyond the short-term problems currently facing the Chilean economy, the macroeconomic fundamentals remain solid.

That is why I have here that since July 2005 local newspapers the afternoon or the Diario del Otun, and much less the country, La Patria, the spectator, time, portfolio and La Republica, whose last empastacion dates back to December 2004, giving place to an accumulation of packages tied with cabuyas as in the times of the Franciscan poverty of the courts are not bound. A citizen of a foot don’t fit you on the head as a municipality speaking of projects of billions, with a megabus which earns billions, is not available a budget to bind its own history which is made with ten pesos. There where it rests that everyday memory that should be part of their social responsibility at the behest of the Government keep it because the city as a living organism is also identified in these paths and that grow and transform civic engagement. This parsimonious way of assuming a legal obligation as simple contrasts with the generosity of the sons of Dr. Emilio Correa Uribe, (son of Ramon which gave name to this Library), who in a gesture of detachment donated you by Act held with Municipal status more than a hundred volumes bound in the evening El Diario for the library, after the aleve assassination of his father, director and owner of the newspaper, in the town of Obando, when he came with his family on July 8, 1955. Thereafter the Public Ministry would be in charge of the preservation of this invaluable record of history pereirana between the years of 1929 and 1955, and which are only missing included copies between the period of 1958 to 1965 to complete it, waiting for that somewhere, inside or outside the countrystill there are sensitive people to this cause, and owning them want to donate them to the city, awaiting better times arrive to the library.

Editor’s Note: It seems that most analysts are bullish on the dollar, they don’t see depreciating far more. The cuts in rates by the Fed, according to some, have already prevented as expected and predicted recession. Is everything right now, then? Horacio does not seem very convinced, and based it. Can send me your feedback a: already touched its dollar floor? Buenos Aires, Argentina on February 15, 2008 is not easy to accept when a giant falls defeated. Why is that, when they see him on the floor, many doubt that he is truly defeated and think that at any time can be retrieved.

That’s what is happening with many operators of coins at the global level in relation to the evolution of the dollar. They see it so weak that it is easier to predict his recovery to a further weakening. In relation to this topic and wanting to forecasters that the dollar recovers, yesterday I found in the newspaper El Cronista de Argentina, estimates made by the main international financial institutions about the dollar, which realise that possibly finish the year appreciating on average 5.4 per cent relative to the euro. Among these estimates was that of BNP Paribas that heralded the dollar will strengthen against the euro since the Fed rate cuts will sustain economic growth in the United States.The U.S., while Europe slows. It is worth saying that both BNP and USB, foresee that the dollar will move at least 9% against the euro in 2008. The same opinion Robert Robis, Manager of debt in NY from OppenheimerFunds, after having reduced the share of assets denominated in euros compared to those linked with the dollar in its portfolio of U$ S 9,000 million. According to him: do not perceive a weak dollar that lower the Fed measures have prevented a long recession and we can begin to see a recovery later this year.

For many years has been mentioned the subject of attention to the client, most are aware of its importance, but today we continue to see the same shortcomings of many years ago, though not in all companies, of course. The big drawback is that people receive a lot of information through various trainings but in reality do not incorporate the concept of attention to their own lives, so that there is an excellent attention is necessary to ensure that the ideas and concepts will become an integral part of individuals, this can take some time, in the book the secret of the power of the goals of Andrew Corentt explains the process of internalization of an ideawhatever it may be, in where you are able to view and modify their own internal dialogue so that its desire to become a clear reality. To the extent that people are deeply convinced of the importance of customer service your company will receive tremendous benefits, this could take some time but among many will get the following benefits: Customer loyalty: every day is much more expensive to attract new customers because the number of competitors is higher and many of them are really worried about providing excellent service, in that sense take care of customers that already exist is undoubtedly essential, that brings a great loyalty of a customer provided that we have exceeded your expectations. Obtaining an image and prestige: when we have very satisfied customers then the possibility of increasing our number of new customers is enormous, to that extent consumers are creating a great image around our company, it is necessary to make a sustained effort to keep such prestige, many companies have fallen into the trap of not maintaining the quality of service and products, the home began to work well they got a good portfolio of clients but complied and neglected which causes an abrupt loss of their image that is then very difficult to retrieve.

Personally I think that the word retention is a bit pretentious, while that has a connotation Carcelaria and could generate the fact that can be done against the will of someone. I would use a word such as tenure or membership. The case is that all companies that we develop our activities in a capitalist world we seek the achievement of goals of utility (otherwise the company is not viable) and do this through create, maintain and ensure the permanence of the best customers in our Organization. We will focus in this and upcoming deliveries in the creation of customers, then we will do it with the customer maintenance and retention of best customers. Creation of clients. Every business has due begin this activity, except those companies that acquire other already established and are therefore acquiring a portfolio of clients. For purposes of this analysis, we go from the fact that any organisation or company first needs that all get new clients, i.e.

create customers. To generate some ideas about what entails this work, identify the following: identification of potential customers to my business get to know my offer of products or services Generate sufficient level of attraction so consider my products or services as an option for your needs teach this potential customer the way in which my product or service and my company can meet your needs effectively demonstrate how I can do it and that benefits I can offer you, compared to other options help my potential customer to take a final decision in purchasing or contracting, trying to minimize or reduce any risk to the see in this decision. We believe that this process starts from the time I try to identify a potential market, until I get a prospect to buy or hire my product or service and to become an active customer of my company.

It is true that for the moment Chile is maintaining its external surplus, but the appreciation of its currency continues to be a threat and this is very well reflected in the fact that in this first quarter of the year, while exports had an interannual increase of 15.1%, imports registered an increase of 38.6%. Growth that reached the Chilean economy grew by 5.6% during the month of February, slightly above market projections that located it at 5.5%, is also another good news that met in recent days. And further considering that such data is not a result that motivates an action by the Central Bank to hike its benchmark rate. With the growth data economic issued, the decision that it will take the Central Bank of Chile at the meeting next Thursday, according to the expectations of the market, will be the hold steady at 6.25% rate. This would eliminate major pressures on the exchange rate. -Exceptional investments – investment, investment newsletter Exceptional, has gained profits of up to 700% with companies such as Suncor Energy (NYSE: your) hand in hand with the rise of the petroleum in this newsletter you will find companies that have benefited from this boom in commodities.

And these hikes don’t stop: If you want to know our portfolio of investment and our latest recommendations, click here another positive for Chile News occurred two weeks ago, when the Senate of Chile approved unanimously the Treaty on free trade with Colombia, being this FTA the comprehensive held between two Latin American countries and the only one that includes a chapter on procurement in the region. It also includes an investment chapter that seeks to encourage and protect the flows in both directions, through the establishment of clear rules. Chile also closed the rounds of negotiations of the FTA with China these days. During 2007, first year of the FTA with China, the growth of exports towards that country in a 140% made that you becoming the first destination of Chilean exports.

It is worth mentioning that Banxico increased its projection inflation for this year. Perhaps the weakening of the peso can print you a further increase to the rate of inflation that would limit the ability of the Central Bank continue with cuts in its interest rate to stimulate the economy. Past of the ability or not that Banxico may have to continue with the cuts in the benchmark interest rate, the problems in the real economy are affecting the credit market weakening one of the main channels of monetary policy transmission. Other channels of transmission of the same such as the exchange rate channel, has also lost strength in recent times product of the worsening of the international crisis. The economic downturn is affecting the quality of the loan portfolio of the banks which although this situation does not represent increased risk for the solvency thereof, Yes makes them little predisposed to generate funding, thereby producing a vicious circle that deepens the crisis situation. In December 2008, the nonperforming loans of consumer credits increased by 50% compared to the same month of 2007 (placing 8.75%). Late payments on credit cards segment totalled 10,51% to principles of the year, the Government of Felipe Calderon, launched an economic stimulus plan.

So little time having announced it appears as insufficient to attenuate the impact of the crisis. In Mexico, there is uncertainty about how to prevent the economy from falling into recession. On the day yesterday, ended the first panel of the Forum Mexico crisis: what to grow? which brings together former leaders of Spain, Chile, Italy and Uruguay. In it the former Chairman of the Council of Ministers of Italy, Romano Prodi, recommended that Mexico for any decision you are going to take to do so quickly. This recommendation was endorsed by the rest of the participants. Said Forum resulted in a broad agreement that Mexico should focus on attacking the problem of unemployment and security social.

One of those attending was Agustin Carstens who acknowledged that the economy of Mexico needs structural reforms that are complementary with counter-cyclical policies to resume growth. According to the Minister, the agenda of structural changes could involve measures to reactivate the internal market, infrastructure and housing. Carstens with their statements door left open to the evaluation of new measures to stimulate the economy. Close started 2009 is becoming clearer the picture for Mexico. With an economy which will inevitably enter into recession if deep programs are not implemented, and before the little effectiveness which will take monetary policy with its weakened transmission towards the real economy channels, the only output that is is the application of a stimulus package more forceful that hold employment and stimulate domestic consumption. Currently, the Mexican economy depends on its own forces. Original author and source of the article.