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Latest News in Peru / Archive for Business
Business | 10 November, 2009 [ 10:55 ]
Peru ports strike left losses amounting US $250 million
LivinginPeru.com
Isabel Guerra
The 48-hour strike that was observed last Thursday and Friday by all the port workers in Peru (convoked by USP, their union) may have left economic loses amounting US $250 million, according to Alberto Ego-Aguirre, vice President of Lima's Chamber of Commerce.
Peruvian Exporters Association, ADEX, said that the losses for the exporters who could not ship their products reached US$140 million.
Importers who could not unload their shipments had loses, too. “The navy companies do not stop. If they can't unload here, they go to the next port and unload the cargo there. Then the importer has to pay to bring it here, and obviously this extra cost finally adds to the final price that consumers have pay,” said Ego-Aguirre.
According to Mario Arbulu, President of the National Ports Company, some partial attention was given to arriving ships, and 10 out of 21 incoming ships could be served, which mitigated the impact of the strike and avoided more losses.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
The 48-hour strike that was observed last Thursday and Friday by all the port workers in Peru (convoked by USP, their union) may have left economic loses amounting US $250 million, according to Alberto Ego-Aguirre, vice President of Lima's Chamber of Commerce. Peruvian Exporters Association, ADEX, said that the losses for the exporters who could not ship their products reached US$140 million.
Importers who could not unload their shipments had loses, too. “The navy companies do not stop. If they can't unload here, they go to the next port and unload the cargo there. Then the importer has to pay to bring it here, and obviously this extra cost finally adds to the final price that consumers have pay,” said Ego-Aguirre.
According to Mario Arbulu, President of the National Ports Company, some partial attention was given to arriving ships, and 10 out of 21 incoming ships could be served, which mitigated the impact of the strike and avoided more losses.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 10 November, 2009 [ 07:59 ]
Peru: Axens awarded modernization contract for Talara refinery
Andina
Peruvian oil company Petroperú (Petroleos del Perú) and Axens have signed a first contract for the modernization of Talara, Petroperú’s largest refinery.
The main objectives are the expansion of the refinery and the implementation of new units for higher quality products.
Axens will supply the following process technologies for the refinery: Naphtha Hydrotreater - 13,300 bpd, Semi-Regenerative Reformer - 9,500 bpd, Prime-G+™ - 9,500 bpd for FCC gasoline de-sulfurization unit, Sulfrex - 8,000 bpd unit for the treatment of unsaturated Liquefied Petroleum Gas (LPG).
The agreement was signed at Petroperú Headquarters by the President of Petroperu, Luis Rebolledo, and Jean Claude Plumail, Process Licensing Business unit Commercial Director, Axens.
Axens’ is a leading provider of clean fuels technologies. Prime-G+ is the world’s benchmark in FCC naphtha de-sulfurization technology enabling the production of ultra-low sulfur gasoline to match the tightest gasoline specifications.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Peruvian oil company Petroperú (Petroleos del Perú) and Axens have signed a first contract for the modernization of Talara, Petroperú’s largest refinery. The main objectives are the expansion of the refinery and the implementation of new units for higher quality products.
Axens will supply the following process technologies for the refinery: Naphtha Hydrotreater - 13,300 bpd, Semi-Regenerative Reformer - 9,500 bpd, Prime-G+™ - 9,500 bpd for FCC gasoline de-sulfurization unit, Sulfrex - 8,000 bpd unit for the treatment of unsaturated Liquefied Petroleum Gas (LPG).
The agreement was signed at Petroperú Headquarters by the President of Petroperu, Luis Rebolledo, and Jean Claude Plumail, Process Licensing Business unit Commercial Director, Axens.
Axens’ is a leading provider of clean fuels technologies. Prime-G+ is the world’s benchmark in FCC naphtha de-sulfurization technology enabling the production of ultra-low sulfur gasoline to match the tightest gasoline specifications.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 9 November, 2009 [ 10:56 ]
Peru to create antidumping measures against Vietnamese and Chinese shoes
LivinginPeru.com
Isabel Guerra
Peru's National Institute for the Defense of Competition and Intellectual Property Rights (INDECOPI) announced it will impose anti-dumping duties on shoes imported from Vietnam.
This decision would be adopted after the requests from five shoe manufacturers based in Lima, the Leather Shoe Industry and Related Components Corporation (CCCA).
The decision will be announced officially in the next days, and other certain kinds of shoes imported from China and Vietnam will be also taken into consideration.
Reportedly, CCCA lodged a lawsuit in 2006 against fabric shoes imported from China and Vietnam but Indecopi said that there was no foundation for the accusation.
(Condensed from Vovnews)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Peru's National Institute for the Defense of Competition and Intellectual Property Rights (INDECOPI) announced it will impose anti-dumping duties on shoes imported from Vietnam. This decision would be adopted after the requests from five shoe manufacturers based in Lima, the Leather Shoe Industry and Related Components Corporation (CCCA).
The decision will be announced officially in the next days, and other certain kinds of shoes imported from China and Vietnam will be also taken into consideration.
Reportedly, CCCA lodged a lawsuit in 2006 against fabric shoes imported from China and Vietnam but Indecopi said that there was no foundation for the accusation.
(Condensed from Vovnews)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 9 November, 2009 [ 10:40 ]
Peru: Another four Peruvian restaurants to open in Chile
LivinginPeru.com
Isabel Guerra
Peruvian Cuisine is conquering the Chilean market in taste, so the arrival of four more new Peruvian restaurants is not unexpected, according to La Tercera. Segundo Muelle, Brujas de Cachiche, Punta Sal and Mi Propiedad Privada will join the present tidal wave of Peruvian gastronomic investments, which are already selling US $ 200 million per year.
Segundo Muelle, recognized as one of the best places in Latin America, is currently looking for a location in the area known as Nueva Costanera: the estimated investment is US $500,000.
Jose Mendoza, owner of Mi Propiedad Privada, said that his business will open in Santiago by April at the latest, while Cesar Alcorta, owner of Brujas de Cachiche, says that he is currently talking with three groups in Chile, to enter that market under the form of a joint venture or franchise.
Finally, owners of Punta Sal have had some meetings with some interested managing a franchise in Chile.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Peruvian Cuisine is conquering the Chilean market in taste, so the arrival of four more new Peruvian restaurants is not unexpected, according to La Tercera. Segundo Muelle, Brujas de Cachiche, Punta Sal and Mi Propiedad Privada will join the present tidal wave of Peruvian gastronomic investments, which are already selling US $ 200 million per year.Segundo Muelle, recognized as one of the best places in Latin America, is currently looking for a location in the area known as Nueva Costanera: the estimated investment is US $500,000.
Jose Mendoza, owner of Mi Propiedad Privada, said that his business will open in Santiago by April at the latest, while Cesar Alcorta, owner of Brujas de Cachiche, says that he is currently talking with three groups in Chile, to enter that market under the form of a joint venture or franchise.
Finally, owners of Punta Sal have had some meetings with some interested managing a franchise in Chile.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 9 November, 2009 [ 10:00 ]
77 percent of companies in Peru plan to raise salaries in 2010
LivinginPeru.com
Isabel Guerra
According to research conducted by the consultant firm PricewaterhouseCoopers (PwC), 77% out of 64 companies polled expect 2010 to be a better year, not only for the corporations but also for their employees; they are planning to give their staff a raise of 5.5% on average.
In the other hand, 23% have not considered a salary raise yet.
According to this PwC's survey, the increases would be of 5.7% for general managers, 6% for executives, 5.8% for employees and 5.3% for workers.
The same survey indicates that 47% of the companies expect to keep the same staff during 2010, while 44% think they could hire more people and only 9% estimate that they might need to lay off people.
The survey foresees an average increase of staff of 6.9%
In addition, a survey conducted by the Universidad Católica states that 78% of the Peruvian businessmen consider their staff as “Important” or “very important,” while 21% think that they are “a bit important” or “not important.”
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
According to research conducted by the consultant firm PricewaterhouseCoopers (PwC), 77% out of 64 companies polled expect 2010 to be a better year, not only for the corporations but also for their employees; they are planning to give their staff a raise of 5.5% on average. In the other hand, 23% have not considered a salary raise yet.
According to this PwC's survey, the increases would be of 5.7% for general managers, 6% for executives, 5.8% for employees and 5.3% for workers.
The same survey indicates that 47% of the companies expect to keep the same staff during 2010, while 44% think they could hire more people and only 9% estimate that they might need to lay off people.
The survey foresees an average increase of staff of 6.9%
In addition, a survey conducted by the Universidad Católica states that 78% of the Peruvian businessmen consider their staff as “Important” or “very important,” while 21% think that they are “a bit important” or “not important.”
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 6 November, 2009 [ 16:02 ]
Microsoft Peru will invest US $500,000 in its expansion
LivinginPeru.com
Isabel Guerra
Technology company Microsoft Peru reported that it will invest US $500,000 dollars in the implementation of a comprehensive marketing strategy that will allow the decentralization of its operations, and to double the amount of business in provinces during the first year.
"Today we have a plan for investment in provinces, totally focused in expanding our business. This project is a long term one, " said Regional Development Manager of Microsoft Peru, Rony Goldenstein.
He explained that the goal is to promote the growth of a business ecosystem of partners in the regions, generating development for the sector of local information technology.
Microsoft does not sell directly their solutions but also develops a sales channels or local business partners.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Technology company Microsoft Peru reported that it will invest US $500,000 dollars in the implementation of a comprehensive marketing strategy that will allow the decentralization of its operations, and to double the amount of business in provinces during the first year. "Today we have a plan for investment in provinces, totally focused in expanding our business. This project is a long term one, " said Regional Development Manager of Microsoft Peru, Rony Goldenstein.
He explained that the goal is to promote the growth of a business ecosystem of partners in the regions, generating development for the sector of local information technology.
Microsoft does not sell directly their solutions but also develops a sales channels or local business partners.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 6 November, 2009 [ 11:40 ]
Banco Paris may enter Peru in 2010
LivinginPeru.com
Isabel Guerra
The Head of Peru's Bank, Insurance and Fund Administrators (SBS), Felipe Tam, reported that the Chilean company Cencosud, owner of Wong Supermarkets, may be operating in the Peruvian banking market by 2010, through Banco Paris.
Tam had a meeting with some Cencosud executives before participating in the Hemispheric Insurance XXXII Conference in Las Vegas (USA), to begin this process.
Cencosud, controlled by Horst Paulmann, would reportedly be operating in Peru in nine months, which would add to the Chilean banks Falabella and Ripley, which operate in the country along with their respective department stores in the country, Saga Falabella and Ripley.
"The interest of the Chilean business and financial sector is mainly due to the fact that they see a great potential market in Peru for the business of credit card financing," Tam said.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
The Head of Peru's Bank, Insurance and Fund Administrators (SBS), Felipe Tam, reported that the Chilean company Cencosud, owner of Wong Supermarkets, may be operating in the Peruvian banking market by 2010, through Banco Paris. Tam had a meeting with some Cencosud executives before participating in the Hemispheric Insurance XXXII Conference in Las Vegas (USA), to begin this process.
Cencosud, controlled by Horst Paulmann, would reportedly be operating in Peru in nine months, which would add to the Chilean banks Falabella and Ripley, which operate in the country along with their respective department stores in the country, Saga Falabella and Ripley.
"The interest of the Chilean business and financial sector is mainly due to the fact that they see a great potential market in Peru for the business of credit card financing," Tam said.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 6 November, 2009 [ 11:08 ]
Peruvian artisans will present garments and jewelery at Pasarela Moche 2009
LivinginPeru.com
Isabel Guerra
Craftsmen from Lambayeque will present today their last collections of jewels and garments at the Sipán Center of Technological Touristic and Handicraft Innovation , at Pasarela Moche 2009.
This activity, organized by the Foreign Trade and Tourism Ministry and Cite Sipan, aims to promote products and garment made by craftsmen from Lambayeque.
Visitors will appreciate also, embroidery and native cotton knitting, paja palma macora and sheep wool by craftsmen from Eten, Monsefu, Chiclayo, Morrope, Ferreñafe, Incahuasi, Tucume, San Jose, Saltur and other cities in Lambayeque.
Pasarela Moche 2009 will be held at Gran Hotel Chiclayo.
Chiclayo City, capital of the Department of Lambayeque, is located 490 miles north of Lima.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Craftsmen from Lambayeque will present today their last collections of jewels and garments at the Sipán Center of Technological Touristic and Handicraft Innovation , at Pasarela Moche 2009. This activity, organized by the Foreign Trade and Tourism Ministry and Cite Sipan, aims to promote products and garment made by craftsmen from Lambayeque.
Visitors will appreciate also, embroidery and native cotton knitting, paja palma macora and sheep wool by craftsmen from Eten, Monsefu, Chiclayo, Morrope, Ferreñafe, Incahuasi, Tucume, San Jose, Saltur and other cities in Lambayeque.
Pasarela Moche 2009 will be held at Gran Hotel Chiclayo.
Chiclayo City, capital of the Department of Lambayeque, is located 490 miles north of Lima.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 5 November, 2009 [ 12:16 ]
Ripley Stores will open new branches in Peru and halts projects in Chile
LivinginPeru.com
Isabel Guerra
The Chilean department stores Ripley, with twelve branches in Peru, are looking forward to open two or three more branches in 2010, and then another two every year, informed the company.
According to a master plan announced on its web page, the company won't open any branches in Chile over the next two years, aiming to concentrate their efforts in the Peruvian market, where 55,2 million dollars are expected to be invested.
From that amount, US $12,4 million dollars will be invested in new branches in 2010, and a similar amount in 2011.
Moreover, another US $16,4 million will be used for restoration of present branches and US $14 million for hiring new technologies.
Chiclayo is the city chosen for the new store to open at the end of present year.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
The Chilean department stores Ripley, with twelve branches in Peru, are looking forward to open two or three more branches in 2010, and then another two every year, informed the company. According to a master plan announced on its web page, the company won't open any branches in Chile over the next two years, aiming to concentrate their efforts in the Peruvian market, where 55,2 million dollars are expected to be invested.
From that amount, US $12,4 million dollars will be invested in new branches in 2010, and a similar amount in 2011.
Moreover, another US $16,4 million will be used for restoration of present branches and US $14 million for hiring new technologies.
Chiclayo is the city chosen for the new store to open at the end of present year.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Business | 4 November, 2009 [ 20:23 ]
Peru to host Expo Pesca & Acuiperu 2009
LivinginPeru.com
Isabel Guerra
Some 20 countries have confirmed their presence in the upcoming International Fishing and Aquaculture Fair called Expo Pesca & Acuiperu 2009, to be held from November 12 to 14 in Lima, according to the event’s organizer, Thais Corporation.
It will take place at Jockey Plaza Conventions Center, and some of the participating countries are Argentina, Belgium, Brazil, Chile, China, Colombia, Korea, Denmark, Ecuador, Spain, United States, France, Ireland, Italy, Norway, Morocco, Uruguay, and Sweden.
Expo Pesca is the only international fair specialized in fishing and aquaculture that takes place every two years in Peru since 2003, and this year's edition is expected to be visited by 14,000 people.
In addition, the fair expects to close deals over US $70 million dollars during the next 12 months.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Some 20 countries have confirmed their presence in the upcoming International Fishing and Aquaculture Fair called Expo Pesca & Acuiperu 2009, to be held from November 12 to 14 in Lima, according to the event’s organizer, Thais Corporation. It will take place at Jockey Plaza Conventions Center, and some of the participating countries are Argentina, Belgium, Brazil, Chile, China, Colombia, Korea, Denmark, Ecuador, Spain, United States, France, Ireland, Italy, Norway, Morocco, Uruguay, and Sweden.
Expo Pesca is the only international fair specialized in fishing and aquaculture that takes place every two years in Peru since 2003, and this year's edition is expected to be visited by 14,000 people.
In addition, the fair expects to close deals over US $70 million dollars during the next 12 months.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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