Argentina Expands Tech Companies’ Incentives Amid Recovery Push

Argentina Bonds Fall With Tighter Foreign-Exchange Controls

Photographer: Erica Canepa/Bloomberg

Argentina is expanding benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports, supporting a resilient industry that’s grown amid a severe, three-year recession.

Both chambers of congress recently approved a technology bill that provides tax incentives for the next decade to start-ups and industry giants that train and hire workers. It’s one of very few bills with long-term economic scope to make it through Argentina’s deeply divided congress this year.

“There’s absolute agreement among all political parties about the relevance of this sector,” Production Minister Matias Kulfas told journalists Friday, estimating the bill over 10 years would nearly double employment and increase tech service exports by an additional $4 billion. “The pandemic is speeding up digital priorities, and we have to see it as an opportunity to strengthen foreign investment.”

Tough Tech

Argentina’s tech sector has

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Argentina is using facial recognition system that tracks child suspects, Human Rights Watch says

Publishing such information violates the Convention of the Rights of the Child, a U.N. agreement to which Argentina is a signatory, that says a child’s privacy should be respected at all stages of legal proceedings, said Hye Jung Han, a researcher and advocate in the children’s rights division at Human Rights Watch, who was the lead researcher on the report.

Argentina’s embassy in Washington did not respond immediately to a request for comment.

On a visit to Argentina in May 2019, the United Nations Special Rapporteur on the right to privacy warned the Argentine government that CONARC’s database contained 61 children. By that October Argentina’s justice ministry said there was no children’s data in CONARC. But the report contends the practice continued after the U.N. visit, with 25 additional children added to the database.

An HRW review of CONARC also saw that the public information about the children was peppered

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SpaceX launches Earth-observation satellite for Argentina, nails rocket landing

CAPE CANAVERAL, Fla. — SpaceX successfully launched an Earth-observation satellite for Argentina along with two small piggyback satellites today (Aug. 30). 



a body of water with smoke coming out of a lake: A SpaceX Falcon 9 rocket carrying the SAOCOM 1B Earth-observation radar satellite for Argentina and two small rideshare payloads launches into orbit from Cape Canaveral Air Force Station in Florida on Aug. 30, 2020.


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A SpaceX Falcon 9 rocket carrying the SAOCOM 1B Earth-observation radar satellite for Argentina and two small rideshare payloads launches into orbit from Cape Canaveral Air Force Station in Florida on Aug. 30, 2020.

The trio blasted off from Space Launch Complex 40 here at Cape Canaveral Air Force Station at 7:18 p.m. EDT (2318 GMT). 

A used two-stage Falcon 9 rocket carried the SAOCOM-1B satellite aloft, marking the company’s 15th launch of 2020. Approximately nine minutes after liftoff, the booster’s first stage produced some dramatic sonic booms as it made its way back to terra firma, touching down at SpaceX’s Landing Zone-1 (LZ-1) at Cape Canaveral.   

Related: See the evolution of SpaceX’s rockets in pictures

Today’s flight was the fourth launch for this particular

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