KSrelief affiliates take part in Beirut rescue operations    Coronavirus deaths top 3,000 as Saudi Arabia detects 1,389 new cases    Death toll from Beirut blast rises past 100 Blast damages value ranges between $3-5bn; 300,000 people displaced: City governor    Asia shares mixed    HRH Crown Prince Congratulates Governor-General of Jamaica on Independence Day    Saudi Press: 600 Male and Female Orphans Benefited from KSRelief's Projects in Yamen during Hajj Season    Mexico Reports 6,148 Coronavirus Cases, 857 More Deaths    National data bank backup site for disaster response in the pipeline    Price tags displayed on products must include VAT: Ministry    Alwaleed Philanthropies announces 13th installment for ‘Housing and Car Grants' program beneficiaries    Ebrahim Alkazi, India's theater legend, dies at 95    LaLiga Academy UAE launches its 2020/2021 season at its new home at DSC    Summer training camp perfect preparation for UAE's jiu-jitsu stars    Equities rise on good economic data, Nasdaq renews record    Apple has no interest in buying TikTok    Scores of Saudi businesswomen make the most Unaizah annual date festival    Amman Stock Market Falls    HRH Crown Prince Congratulates President of Burkina Faso on Independence Day    Saudi Press: Saudi Arabia's Mining Sector Grows 3.1% during 1Q of 2020, Targets SR240 b by 2030    50% of expats working for subcontracting companies in Kuwait to be laid off    Saudi Customs eases restrictions for trucks from GCC states    Farasan Islands set to find a place on UNESCO's MAB List    Spain's former king 'leaves country' amid corruption allegations    Umm Kulthum hologram to perform at Dubai Opera    Long-awaited Riyadh derby, SPL games will finally kick-off with safety measures in place    UAE Team Emirates on the podium at Strade Bianche    India's top minister Amit Shah tests positive for coronavirus    Aubameyang double helps Arsenal beat Chelsea for 14th FA Cup trophy    Azra Aly, South African pilgrim: ‘The beginning of the rest of my life'    Paris Saint-Germain beats Lyon to win League Cup final    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Islam calls for protecting communities against epidemics: Sheikh Al-Manea    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Top food magazine pays glowing tribute to ‘the queen of macarons'    Saudi Waste Management Center Signs MoU to Enhance Environmental Sustainability in Saudi Arabia    Bahrain Bourse Rises    Cruise Ships on Saudi Arabia's Red Sea Coasts Launched    First-ever bone marrow transplant successfully conducted in UAE    Juventus claim ninth successive Serie A title with win over Sampdoria    NWC Launches Private Sector Long-Term Investment Opportunities For Sewage Treatment Plants' Development and Operation in Saudi Arabia    Muslims in UAE asked to perform Eid Al-Adha prayers at home    Paplo Larazapal appointed international ambassador for Saudi golf    Complementary, Alternative Medicine Practicing 1st Manual Version Issued    Saudi Ithra center launches dialogue sessions with most famous creators in the world    SFDA Implements National Program to Ensure Safety of 10,000 Food Samples    Saudi Surgeon Managed to Remove Kuwaiti Girl's Brain Tumor, as French Physician Declined, in the last Moments    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Chile again veers right as Pinera returns to presidency
Published in Saudi Press Agency on 12 - 03 - 2018

Conservative Sebastian Pinera returned to Chile's presidency on Sunday, vowing to revive an economy that has slumped under center-left leader Michelle Bachelet, according to AP.
The outgoing leader handed the presidential sash to the president of Congress, who then swore in Pinera â€" who himself had turned over the office to Bachelet in a similar ceremony four years ago.
Pinera, a billionaire entrepreneur, oversaw growth that averaged 5.3 percent a year during his first term from 2010 to 2014, aided by pro-business policies, rising prices for Chile's chief export, copper, and a massive rebuilding effort following a magnitude 8.8 earthquake that hit just before he took office.
A slump in copper prices helped sour Bachelet's second round as president, with the economy â€" and the president's popularity â€" slipping badly in 2014 and 2015. The country's first female president had been wildly popular when she ended her initial term by handing power to Pinera.
"From day one, Pinera is going to want to show that under him, the wheels of the economy will start to spin again," said Cristobal Bellolio, a professor of government at the Adolfo Ibanes University.
His first administration was marked by massive street demonstrations to demand reforms to education and other services, as well as by the start of softening copper prices, and he left office with favorability ratings in the 30s.
Pinera, whose first term ended 20 years of left-leaning governments, has said he hopes to work with center-left rivals to achieve his goals, but he also faces a challenge of herding his own sometimes fractious coalition, which includes parties that backed the dictatorship of Gen. Augusto Pinochet from 1973 to 1990.
"We have to see effectively if the right, for the first time in history, has the capacity to work as a team," said political analyst Miguel Zlosilo.
Among those at the ceremony were the presidents of Argentina, Bolivia, Brazil, Ecuador, Mexico and Peru.


Clic here to read the story from its source.