Renowned economist designated Colombia’s new finance minister
Truth Commission: Colombia needs radical policy changes to...
Colombia’s controversial moment of truth
At least 49 dead after ‘prison break attempt’...
Colombia’s incoming government begins “total peace” offensive
Colombia investigating bullfighting tragedy
Petro’s first moves to restructure Colombia’s government
Petro and Duque meet over transition of power...
Colombia confronts former FARC chiefs with suffering kidnapping...
Colombia hears former guerrilla chiefs over mass kidnappings
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Peru stock market: integration with Colombia, Chile back on

by Newswires January 3, 2011

Colombia news - Lima stock exchange

The Lima Stock Exchange said Monday it has restarted the process of integration with the Chilean and Colombian exchanges, following a decision by Peru’s Congress to lower a capital-gains tax to 5%.

On Dec. 20, the stock market in Lima suspended the planned integration, adding that a failure to pass a law standardizing capital-gains taxes “generates a series of gaps and problems” that could diminish the integration project and mar its competitiveness.

On Dec. 29, Congress passed a bill to standardize capital-gains taxes at 5%. Peru’s capital-gains taxes have ranged from 5% to 30% depending on the status of the investor.

The Chilean and Colombian exchanges had said they would proceed as planned despite Peru’s suspension of talks.

Tests on integrating the three market systems, due to become the Integrated Latin American Market, or MILA, began in November, and direct trading among the three has been expected to start in late January.

If it moves ahead, MILA will become the biggest exchange in the region by listed companies, with 563. Officials have said MILA should have an initial trading volume of about $300 million a day.

In market-capitalization terms, it would become the second biggest in the region with an estimated $614 billion, compared with Brazil’s market cap of $1.5 trillion and Mexico at $388 billion. (Robert Kozak / Dow Jones Newswires)

ChileeconomyPerustocks

Trending

  • Petro’s quest for a majority in Colombia’s Congress

  • The peaceful revolution of Colombia’s “nobodies”

  • Colombia hears former guerrilla chiefs over mass kidnappings

Related articles

  • Gross domestic product

  • Labor and unemployment

  • Scholars’ drastic solutions for Colombia | Part 1: renegotiating free trade

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top