IMF calls for ambitious tax reform in Brazil. Deputy Director of the Western Hemisphere Department of the International Monetary Fund (IMF), Krishna Srnivasan, said that it is essential that the country carry out a reform of its tax system in addition to the pension reform. "" For now, what we hear of reforms are going in the right direction, "he told Efe, commenting on proposals circulating in the transition team of President-elect Jair Bolsonaro. In its latest forecast, the IMF reduced estimated growth for Brazil to 1.4% in 2018 and 2.4% in 2019.
BNDES lends 13% less in the accumulated in the year. In balance of its activities, the institution claims to have disbursed R $ 43.6 billion up to September, compared to R $ 49.9 billion in the same period of 2017. This should be the fifth consecutive year of a fall in loans granted by the bank. Dyogo Oliveira, president of the BNDES, says in a note that there is a "gap between hiring and disbursement". The consultations and the frameworks - the first two steps to obtain financing with the bank - grew, respectively, 6% and 12%. The sectors that received the most money so far were infrastructure, with 40.3%; agriculture, 21.5% and commerce and services, with 19.6% of the total.
New car sales grow 24.47% in October. The 244,740 units registered last month represented a growth over the same period of 2017, when 196,619 units were sold. The survey carried out by Fenabrave considers passenger cars and light commercial vehicles. The ranking of top-selling models is led by Chevrolet Onix, which sold more than double the second place, the Ford Ka. The podium is completed by the Hyundai HB20.
José Galló will leave Renner's command. The company announced on Thursday that product director Fabio Adegas Faccio will replace the current CEO on April 18 next year. The succession was planned for five years. Galló has been president of Lojas Renner since 1991, having become one of the most successful managers of Brazilian retail. In 27 years of leadership, the executive has transformed Renner from a company with 8 to more than 500 stores. The number of employees dropped from 800 to 19 thousand. The executive shall remain on the board of the company.
CCR wins a highway dispute in Rio Grande do Sul. In an auction held on Thursday, the infrastructure group offered the largest discount on the basic toll rate - setting the price at R $ 4.30545 -, leading to the concession of the Highway of South Integration. The road has 473.4 kilometers, connecting Carazinho to Torres. CCR will have to invest R $ 5.6 billion in maintenance and conservation of the highway for the 30 years of the contract. The next federal government road auction is scheduled for the first half of 2019.
Idea of the Day: For a business to succeed, it takes a combination of diverse elements, such as product quality, teamwork, a sales team aligned - not to mention a slight dash of luck, of course. But Influencer Guilherme Benchimol, CEO and founder of the XP Group, says they are the values that will guide the successful journey of any enterprise, as they help the founder of the company to make the right choices.
"My advice to every entrepreneur is to sit with your partners, if possible early in the company so that together you can establish a commitment of behavior ... people will need to follow this" style "so they can grow up in the company"
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