Portuguese 
English 
Spanish 
2 min of reading 
The Development Will Be Seen As a Victory for the Government in an Effort to Address the Country’s Fiscal Issues. The Ibovesta Index Rose to 96 Thousand Points
The Social Security Reform Project Passed Its First Crucial Test This Tuesday (23), When the Congressional Committee in Brasília Voted That the Proposed Legislation Was Constitutional and Could Move Forward to Congress. The Development Will Be Seen As a Victory for the Current Government and the Minister of Economy, Paulo Guedes, Who Lead the Reform Plan, Which Is Seen As Necessary to Stabilize Brazil’s Fragile Economy and Encourage Foreign and Domestic Investments.
Guedes Expects That the Social Security Reform Project Can Address Brazil’s Precarious Fiscal Position by Reducing Pension Payments of R$ 1 Trillion (US$ 255 Billion). But Companies Across the Country Have Also Joined the Project As a Test to Determine Whether the Government Will Be Able to Pursue Its Broader Economic Agenda, Including Plans for Privatizations and Deregulation.
-
More than 230 Brazilian companies move production to Paraguay, pay a tax rate close to 12%, compared to about 80% in Brazil, and use Mercosur to sell back to the domestic market without import tax.
-
Starlink, by Elon Musk, wants to transform its satellites into a cellular operator capable of covering any point on the planet, but the three American giants in the sector, AT&T, T-Mobile, and Verizon, rejected the partnership and joined forces for the first time to try to contain the company’s advance.
-
Dredged material from navigation channels restores life to Poplar Island, reconstructs 1,715 acres of land, expands open water zones, and creates a refuge for hundreds of migratory and local bird species.
-
About 500 kilos of green stones with juvenile algae are spread in the ocean to regenerate underwater forests, reduce costs, and accelerate the restoration of marine habitats.
Markets Turned Positive on Tuesday When News Broke That the Commission on Legal and Constitutional Affairs Would Vote on the Project. The Benchmark Bovespa Index Rose 1.4%, Nearing 96 Thousand Points.
The Reform Package Will Now Be Reviewed by a Congressional Committee Before Moving to the Chamber of Deputies and – If Successful There – the Senate. Many Analysts Believe That the Project Could Be Approved by the Third Quarter of This Year.
Be the first to react!