January 19, 2010
Please click on each headline for this week's top stories!
Brazcan portal is a unique, online business tool providing users with access to profiles of the leading business and government organizations in Brazil and Canada. Through www.brazcan.org , users looking for resources involved in Brazil-Canada trade and investment will have access to profiles and contact information of consultants, accountants, customs brokers, transportation and packaging, lawyers, translators and interpreters, media and government agencies. The portal also links to extensive market research both on Canada and Brazil, and showcases trade and investment opportunities.
To find out how www.brazcan.org can transform your regions market intelligence please contact Brazcan project coordinator at 416-364-3555 or alternatively at bccc@iecanada.com
Trade Missions, Seminars and Other Events
"International Conference on Computer and Instructional Technology"
Rio de Janeiro, Brazil
March 29-31, 2010
The International Conference on Computer and Instructional Technology aims to bring together academic scientists, leading engineers, industry researchers and scholar students to exchange and share their experiences and research results about all aspects of Computer and Instructional Technology, and discuss the practical challenges encountered and the solutions adopted.
Country News
1. Flexible plastic packaging revenues down in 2009, improved outlook for 2010
2. Brazil's Petrobras plans to sell more oil in Asia
3. Brazil elected to board of directors of Bank for International Settlements
4. Brazil Assets may help Devon raise over $7.5 Billion
5. Brazil's TAM unit Multiplus plans $721.2 mln IPO
Country News
Flexible
plastic packaging revenues down in 2009, improved outlook for
2010
(Business News Americas)
Summary of original article by Fernanda De Biagio
Brazil's flexible plastic packaging industry revenues are expected to
have declined 3-5% last year from 11bn reais (US$6.2bn) in 2008, national
flexible plastic packaging industry association Abief's president, Alfredo
Schmitt, told BNamericas.
The decrease is attributed to the global economic downturn. "The
crisis resulted in falling prices and an unfavorable business environment," Schmitt
said.
Volumes are also expected to have experienced a similar decline, according
to the executive. For 2010, Abief is projecting revenue growth of at
least 6% in view of an upturn in the Brazilian economy.
For the full story, click here
Brazil's Petrobras plans to sell more oil in Asia
(MacauHub)
Brazilian state oil company Petrobras expects to sell up to 2 million barrels of oil to Asia every 60 days using the storage tanks it has on the Japanese island of Okinawa, the Reuters news agency reported.
Citing sector sources, Reuters said that Petrobras planned to send a Very Large Crude Carrier (VLCC) from Roncador to Okinawa as of March, with subsequent shipments of the same size every two months, as part of a new commercial strategy.
This could increase the company’s daily sales by over 33,000 barrels
of oil per day to Asian customers, with the first shipment due to arrive
in Okinawa at the end of March or beginning of April.
For the full story, click here
Brazil elected to board of directors of Bank for International Settlements
(MercoPress)
Brazil’s Central bank president Henrique Meirelles was elected to the board of directors of the Bank for International Settlements, a further sign of the country’s increasing clout in the world economy.
"It is recognition of Brazil's economic performance and of the Central bank's work" said a press release from the Brazilian bank.
Brazil, along with China, will represent emerging markets on the board
which is responsible for setting the guidelines of the BIS, the bank
said.
For the full story, click here
Back to Top
Brazil
Assets may help Devon raise over $7.5 Billion
(Bloomberg)
Summary of original article by Peter Millard
Devon Energy Corp., the biggest independent U.S. oil and natural-gas producer, may beat a target of generating as much as $7.5 billion from asset sales as Brazil tightens its grip on the oil industry, boosting the value of the company’s holdings in the country, Oppenheimer & Co. said.
Oklahoma City-based Devon, which said Nov. 16 it plans to sell all its offshore and foreign assets to focus on U.S. and Canada drilling, may get more than $1 billion for its Brazilian fields, Fadel Gheit, managing director of oil and gas research with Oppenheimer in New York, said in a Jan. 8 interview. Devon aims to raise $4.5 billion to $7.5 billion this year after taxes by selling properties from Brazil to the Gulf of Mexico.
Proposed changes to Brazil’s oil industry will give state- run
Petroleo Brasileiro SA a 30 percent stake in all new exploration contracts
in the so-called pre-salt region, boosting the value of areas that have
already been licensed to Devon, Repsol YPF SA and Woodside Petroleum
Ltd. Such blocks would give investors access to reserves near the largest
oil discovery in three decades without partnering with the state.
For the full story, click here
Back to Top
Brazil's TAM unit multiples plans $721.2 mln IPO
(Reuters)
Multiplus SA, which manages the mileage program for Brazil's largest airline TAM Linhas Aereas , may raise as much as 1.28 billion reais ($721.2 million) in an initial public offering, seeking to benefit from growing appetite for emerging-market stocks.
Multiplus, launched in June after expanding TAM's frequent-flier program to include retailers, hotels and other types of services, plans to use the majority of proceeds to buy tickets issued by TAM to give as awards for its clients.
The company plans to sell 39.3 million shares, equivalent to a 25 percent
stake, in a primary offering at a price range of 18 reais to 24 reais.
For the full story, click here
Back
to Top
This newsletter has been brought to you in part by:
:
And The BCCC Communication Committee: Almeiri Santos and Yuri Oliveira.
For all the latest in news relating to the Brazilian economy and its relationship with Canada visit Real Trade Magazine at: www.realtrademagazine.com
For suggestions or comments about our BCCC Bulletin feel free to contact us at bccc@iecanada.com
If you do not wish to continue receiving the BCCC Bulletin, contact bccc@iecanada.com Type in Unsubscribe in the Subject line.
Disclaimer - BCCC Bulletin is provided as an information service to our members and key contacts. It is designed to provide the most up-to-date trade information from a variety of sources. The information we feature does not necessarily reflect the Chamber’s opinion on a given international trade issue. Although we endeavour to disclose accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. The Brazil-Canada Chamber of Commerce cannot assume any responsibility for actions taken solely or principally on the basis of information provided.