Atravessamos uma grave crise, a maior da nossa história. A empresa foi vítima e nunca se beneficiou dos atos desonestos de um pequeno grupo de executivos. De tudo que nos foi tirado, certamente a sua confiança foi a coisa mais valiosa.

A sociedade merece uma explicação. Mas, antes de falar, era preciso fazer. E muita coisa já foi feita. Mudamos a empresa e agimos, sem hesitar diante dos problemas. Com tolerância zero à fraude e à corrupção, implementamos uma série de ações efetivas de combate à corrupção para evitar que os problemas voltem a acontecer.

Estamos passando essa história a limpo.

Conheça o artigo completo e assista o vídeo.

RIO DE JANEIRO, Nov 12 (Reuters) – Brazil’s Petroleo Brasileiro SA (Petrobras) has begun oil production at its P-75 platform in the pre-salt area of the Santos Basin, the state-run oil company said on Monday.

The platform, located in the Buzios 2 oilfield, will be able to produce up to 150,000 barrels per day of oil and six million cubic meters of natural gas, the company’s statement said. (Reporting by Gram Slattery Editing by David Goodman)

Posted by Letícia França |

Flexibilization is positive, but it is necessary to consider the fiscal and structural parts of the process

Keeping an eye on the competitive growth of the financial sector and the reduction of the cost of credit, the government decreed, on October 30, the simplification of the operation process of foreign Fintechs companies in the Brazilian market.

Previously, foreign financial technology companies were required express authorization from the Presidency of the Republic to enter into Fintech’s national system — a time-consuming and complicated bureaucracy that ran into other problems, such as the difficulty of applying international venture capital funds in exchange of capital in Brazilian companies, a common and even expected process of the sector.

The withdrawal of this obligation applies to companies that act as a Direct Credit Society (Sociedade de Crédito Direto or SCD), which are the companies that lend their own resources, and as a Partnership Between People (Sociedade entre Pessoas or SEP), which are the bridge between those who needs money and those who wants to lend it.

But even with all this easiness, Michel de Amorim warns of the fiscal and structural consequences of the process. “We must be aware of the complexity of taking a financial technology company to the Brazilian market. The structuring of the company — from the corporate structure to the location of the company —, its tax planning and risk analysis, for example, are points that deserve extra attention and cannot be ignored,” says Amorim.

In the long run, Amorim sees even greater impacts from the decision. “We can already feel the immediate competitive growth. In the medium term we will see the Brazilian and American financial markets being permanently heated, and a greater opening for other trade agreements between Brazil and the United States to take place,” he concludes.



Program provides incentives for automakers that prioritize the use of biofuels

Brazil´s President Michel Temer sanctioned this Monday, December 10, 2018, Law 13755, creating ROTA2030, a program that establishes incentives to increase efficiency and reduce greenhouse gas emissions in transportation, and gives a direction of future investments in research and new technologies for the automobile industry in Brazil. The measure was published at the Federal Official Gazette this Tuesday, December 11th.

ROTA 2030 was a program widely discussed by all the actors involved in the production and commercialization of cars and fuels in Brazil, with the participation of civil society representatives and a wide representation of Parliamentarians from the two houses of Congress.

ROTA 2030 is considered the Siamese brother of RENOVABIO, since it establishes incentives for the increase of efficiency in the technology used by vehicles, just as RenovaBio promotes the energetic-environmental efficiency in the production of biofuels.

One of the most important elements of ROTA 2030 was the approval of the Parliamentary Amendment authored by Deputy Arnaldo Jardim, approved in the form of Paragraph 4o. of Article 2 of the legislation, which reads as follows:

Paragraph 4. Hybrid vehicles equipped with an engine that alternately or simultaneously uses gasoline and ethanol (flexible fuel engine) shall have a reduction of at least three percentage points in the rate of IPI (industrial products tax) in relation to conventional vehicles of similar class and category, equipped with the same type of engine.

According to Congressman Arnaldo Jardim, the device is a way of recognizing the externalities of ethanol, which is a fuel that makes the difference, as it generates income, employment, is renewable and still fights greenhouse gases.

On Thursday, in a ceremony at the Presidential Palace, President Michel Temer, Ministers and members of the Parliament will celebrate the enactment of the Law, and Toyota will announce the installation of the first worldwide assembly line of hybrid vehicles with flex technology, capable of using ethanol fuel.

Below is the full text of Law 13755, published in the Official Gazette of December 11th, 2018.

DATAGRO, December 11, 2018.

LEI NO 13.755, DE 10 DE DEZEMBRO DE 2018


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By Agamoni Ghosh and Sruthi Shankar

Dec 13 (Reuters) – Brazilian stocks edged higher for the third straight day in line with global equities on signs of
easing China-U.S. trade tensions, while most Latin American currencies weakened.

Investors have been slowly growing less pessimistic about the chances of a China-U.S. trade deal after a slew of news this week pointed to easing tensions between the two powers.

China made its first major U.S. soybean purchases in more than six months on Wednesday, evidence that it was living up to pledges made when Presidents Donald Trump and Xi Jinping agreed to a 90-day detente to negotiate a trade deal.

Sao Paulo’s benchmark stock index rose 0.4 percent led by shares of material and consumer companies, shrugging off data that showed a surprise fall in retail sales volumes excluding cars and building materials in October from September.

Utility giant Companhia Paranaense de Energia was the top gainer on the index on news of a former executive director of a television channel, Daniel Pimentel Slaviero, taking over as the president of the state electricity company.

The Brazilian real edged lower, pushing MSCI’s Latin American currencies index down 0.6 percent.
Brazil’s central bank on Wednesday held interest rates at an all-time low and hinted that it will hold off from raising them for longer than expected.

“The dovish statement could cause the real to weaken a little, but I wouldn’t expect a huge move.”
– said Edward Glossop, emerging markets economist at Capital Economics, specializing in Latin America.

The Mexican peso dipped for the first time in three days as investors awaited the first budget from the country’s new leftist government on Saturday.

“I suspect there might be some weakness in the peso leading up to the budget. There could be some uncertainty about what might be included.” – said Glossop.

New finance minister Carlos Urzua, who is due to present the 2019 budget, told a congressional hearing he was targeting a primary surplus of about 1 percent of gross domestic product.

A group of investors holding bonds issued for a new Mexico City airport that President Andres Manuel Lopez Obrador has canceled said that it cannot support an amended bond buyback because problems still remain despite improvements to the plan.

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By Mario Sergio Lima and Matthew Malinowski

Brazil held its benchmark interest rate unchanged at a record low amid a sharp downturn in inflation and feeble economic activity.

The bank board, led by its President Ilan Goldfajn, on Wednesday kept the Selic rate at 6.50 percent for the sixth straight meeting in a move expected by all 39 analysts in a Bloomberg survey. The meeting was one of the last under Goldfajn, who will step down from his position in the coming months.

In a statement accompanying the decision, board members wrote that the risk of slow growth leading to lower-than-expected inflation had increased. In addition, chances of stronger price pressures stemming from the possible frustration of domestic reforms had moderated.

“The Committee judges that various measures of underlying inflation are running at appropriate or comfortable levels. This includes the components that are most sensitive to the business cycle and monetary policy,” policy makers wrote.

Brazil has withstood turbulence stemming from this year’s presidential vote and global investors’ stampede from risky assets. As the country’s currency weakened to a record low before the October vote, investors started betting on interest rate increases as early as this year. But the victory of Jair Bolsonaro, combined with tepid economic growth and faster-than-forecast deflation, eventually delayed such bets to end-2019.


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