Mini-Market & Internet Business for sale
Location: Southern Chile
The owner of SANTA MARIA just bought a new $400,000, 21 meter yacht to use in in addition to the older one for tourism in the area.
In addition another 100+
passengers come through Puerto Williams aboard yachts sailing to
Antarctica each year.
Business climate in Chile:
The newspaper, La Tercra- 22 February, 2005 Business
According to projections of JP Morgan for the markets of greater economic weight, the country of Chile will be expanded 6% this year
Chile will be the third economy with greater world growth in 2005 and Confidence Grows of Wall Street in fortresses of Chilean economy
The country risk reached the 59 base points last week, an historic level.
The copper surpassed the 155 cents of dollar per pound Friday, the best price in 14 years. (its currently at $2.50/lb.)
According to JP Morgan, Chile will grow a 5% in the 2006.
The best external conditions in the last 25 years, the price of the copper at a record level , and the signs of an a lot stronger internal demand can configure a base of spectacular growth for Chile this year. According to the last global report of one of the greater investment banks of the world, Chile will have an economic advance of 6% this year, and with it will be installed as the third country with greater expansion among the prominent economies of the planet.
In its last report "Global Data Watch", the bank puts China and India at the top, with growths of 8,5% and 6,5% for 2005, respectively. Chile shares the third place in the projections along with that of emerging Malaya.
In this way, the country will not only surpass by 54% the growth average of countries of Latin America this year (3,9%), but will also be above the average of the emerging markets (5,2%). Thus, also will more than duplicate the expansion of developed economies.
Alberto Branches, economist of Goldman Sachs, believes that the monetary management of recent years has given a perfect framework to have a solid growth in 2005.
"This generates confidence among the investors. The presidential elections of this year are not going to be a theme for the markets... in Chile was institutionalized the good economic management", the analyst from New York says.
Despite that the world economy does not give signs of cooling off in which goes of the year and to that the copper marked Friday a peak historic, Branches he believes that this year the internal demand will have greater importance in the composition of the economic growth regarding 2003.
The economist foretells a growth of the activity of 5,8% this year, although "it can be greater if the copper continues in rise", he explains.
Cristián Moreno, manager of Studies of Santander Investment, coincides with which this year consumption and investment (internal demand) will have a greater presence in the GDP and emphasizes the growth of employment and consumer confidence.
"We can grow even a little more than last year (5,9%), although the great challenge is that the high growth rates be maintained in the time", the economist says.
The report of JP Morgan also does projections in interest rates for the country. In line with the major economic dynamism and the inflationary pressures that it can incubate, the investment bank wait that the rate of monetary policies, today in 2,75%, to get to 3% in March of this year to be situated at 4% in the last month of the period.
Bloomberg on Chile:
Chilean Economy Grew 6.4% in June, 2004 on Manufacturing (Update2)
Aug. 5, 2005 (Bloomberg) -- Chile's economy grew at the fastest pace in five months in June as manufacturers increased production to meet growing demand at home and surging sales abroad.
The economy expanded 6.42 percent from a year earlier, topping growth of more than 6 percent for a third month, the Santiago-based central bank said today on its Web site. Growth matched a median estimate by 12 analysts in a Bloomberg survey.
``It's been a long time since we've had this level of growth -- and it now has lasted a few months,'' said Juan Pablo Cofre, who helps manage about $75 million at insurer Euroamerica Administradora de Fondos Generales SA. ``Conditions abroad couldn't be better.''
Faster growth and quickening inflation probably will lead the central bank to boost interest rates next week, Cofre said. Speculation about higher lending rates and prices for copper near record highs led the Chilean peso today to gain to its strongest level against the dollar since August 2000, extending its 12-month rally to 17.7 percent. Chile is the world's biggest supplier of copper.
The peso rose 1.1 percent to 544.85 per dollar at 10:52 a.m. New York time from 550.75 per dollar late yesterday, and earlier rose as much as 1.3 percent to 543.40 per dollar, its strongest since trading at 541.85 per dollar on Aug. 14, 2000. (Its at $511 as of 15 April, 2006)
The central bank last increased its benchmark lending rate in July, by a quarter of a percentage point to 3.5 percent. Policymakers, who will meet Aug. 11, have doubled the rate since September, when it was at a record low.
Consumer prices rose 0.6 percent in July from June, the fastest pace in three months, the government said yesterday. The rate was double a median forecast by 11 economists surveyed by Bloomberg.
Manufacturers are benefiting from the nation's trade accords with the U.S., Europe and South Korea. Chile also will have record sales this year of copper, which will help the economy expand about 6 percent in 2005, said Julio Espinoza, an analyst at BiCE Corredores de Bolsa. The economy grew 6.1 percent last year, its fastest expansion since 1997.
You may wonder why we are leaving such beautifil place and a prosperous business.
The reasons are that although we have been in Puerto Williams for 18 years and love it here, I retired as captain of the schooner Victory recentely due to having sailed for over 50 years, had prostate cancer from which I am recovered and our 21 year old daughter, Grace, is now going to the
University of Humbldt in California. We now want to move the family close to her
for the education of our 2 other daughters.
What our clients say: