|
|
|
|
- Business Directory
- News
- Classifieds
- Movies
- Events Calendar
- Features
- Travel
- Business
- Gastronomy
- Peru This Week E-Magazine
|
|
|
|
Latest News in Peru / Archive for Economy
Economy | 30 September, 2009 [ 12:42 ]
Peru has the best business conditions for microfinance, according to a global research
LivinginPeru.com
Isabel Guerra
Peru has been appointed as the country with the best business conditions for microfinance in the world, according to the results of the "Microscope Index 2009."
The results were released by the Multilateral Investment Fund (FOMIN) from the Inter-American Development Bank (BID), Andean Corporation for Development (CAF), the International Finance Corporation (IFC), the World Bank and the Economist Intelligence Unit (EIU).
Peru has reached this qualification for the second year in a row, as the country best qualified in the “Microscope 2009” in Latin America and the Caribbean.
This year, the “Microscope Index 2009” has expanded and covers 55 countries worldwide, so Peru's leadership has evolved from regional only to global.
Bolivia was second in the overall index, and four other Latin American countries were among the first ten positions (Ecuador, Nicaragua, Colombia and El Salvador).
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 has been appointed as the country with the best business conditions for microfinance in the world, according to the results of the "Microscope Index 2009."The results were released by the Multilateral Investment Fund (FOMIN) from the Inter-American Development Bank (BID), Andean Corporation for Development (CAF), the International Finance Corporation (IFC), the World Bank and the Economist Intelligence Unit (EIU).
Peru has reached this qualification for the second year in a row, as the country best qualified in the “Microscope 2009” in Latin America and the Caribbean.
This year, the “Microscope Index 2009” has expanded and covers 55 countries worldwide, so Peru's leadership has evolved from regional only to global.
Bolivia was second in the overall index, and four other Latin American countries were among the first ten positions (Ecuador, Nicaragua, Colombia and El Salvador).
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.
Economy | 29 September, 2009 [ 11:17 ]
BID and CAF to create a US $600 million fund for infrastructure projects in Peru
LivinginPeru.com
Isabel Guerra
The Inter American Development Bank (BID) and the Andean Development Corporation (CAF) announced the creation of a US $600 million fund, intended to invest in infrastructure projects in Peru.
The BID and the CAF will add each US $50 million for this fund, while Peru's government will contribute with US $100 through its Financial Corporation for Development (COFIDE).
Representatives of the aforementioned multilateral organisms told the press that the Canadian firm Brookfield Asset Management will manage the fund, along with the Peruvian AC Capitales.
“The fund is aimed to boost high-rentability infrastructure projects,” said Ana María Rodríguez, from the BID, and the projects that will be prioritized are related to roads, highways, airports, sewage, electricity generation and gas.
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 Inter American Development Bank (BID) and the Andean Development Corporation (CAF) announced the creation of a US $600 million fund, intended to invest in infrastructure projects in Peru. The BID and the CAF will add each US $50 million for this fund, while Peru's government will contribute with US $100 through its Financial Corporation for Development (COFIDE).
Representatives of the aforementioned multilateral organisms told the press that the Canadian firm Brookfield Asset Management will manage the fund, along with the Peruvian AC Capitales.
“The fund is aimed to boost high-rentability infrastructure projects,” said Ana María Rodríguez, from the BID, and the projects that will be prioritized are related to roads, highways, airports, sewage, electricity generation and gas.
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.
Economy | 29 September, 2009 [ 10:56 ]
Peru: 56% of Limenians consider that the international crisis has affected them "very little"
LivinginPeru.com
Isabel Guerra
According to a recent survey published today in El Comercio, 56% of the Limenians consider that the international financial crisis has affected their financial situation “very little.”
The survey, conducted by LatinPanel, also shows that optimism has grown, since according to the 2008's report 62% believed that the economic situation would improve or remain stable during the next 12 months, while this year the figure rose to 71%.
Another interesting figures from this survey reveal that 70% of households declared that they were going to be able to assign a portion of family income for savings, and the domestic consumption of items like soft drinks and personal care products have significantly increased.
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 a recent survey published today in El Comercio, 56% of the Limenians consider that the international financial crisis has affected their financial situation “very little.” The survey, conducted by LatinPanel, also shows that optimism has grown, since according to the 2008's report 62% believed that the economic situation would improve or remain stable during the next 12 months, while this year the figure rose to 71%.
Another interesting figures from this survey reveal that 70% of households declared that they were going to be able to assign a portion of family income for savings, and the domestic consumption of items like soft drinks and personal care products have significantly increased.
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.
Economy | 24 September, 2009 [ 08:54 ]
Pension plans in dollars in Peru "should disappear," BCR says
LivinginPeru.com
Isabel Guerra
Peru's President of the Central Reserve Bank (BCR) Julio Velarde, said yesterday that pensions in US dollars should disappear and be substituted by pension plans in soles, because of the high volatility of the dollar these days.
“If the dollar keeps on dropping, many people could turn into impoverished pensioners in 25 years for having their pensions in dollars. The worry in the world is not Peruvian inflation, but U.S. inflation," he said.
He noted that at present almost all pension plans in Peru are set in dollars, and that people should turn to soles instead.
“There's not any other country in the world, except the US, that has pension plans in dollars,” remarked Velarde.
Peru's private system, modeled after the one implemented by Chile in 1981, began in 1993.
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 President of the Central Reserve Bank (BCR) Julio Velarde, said yesterday that pensions in US dollars should disappear and be substituted by pension plans in soles, because of the high volatility of the dollar these days. “If the dollar keeps on dropping, many people could turn into impoverished pensioners in 25 years for having their pensions in dollars. The worry in the world is not Peruvian inflation, but U.S. inflation," he said.
He noted that at present almost all pension plans in Peru are set in dollars, and that people should turn to soles instead.
“There's not any other country in the world, except the US, that has pension plans in dollars,” remarked Velarde.
Peru's private system, modeled after the one implemented by Chile in 1981, began in 1993.
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.
Economy | 23 September, 2009 [ 12:02 ]
LivinginPeru.com
Katrina Heimark
The general index of Lima’s Stock Market advanced 132.6% this year, which moved it up to the first place in the world. The stock market grew faster than the respective markets from Brazil (advanced 106.1%), Russia and Indonesia.
The Lima Stock Exchange is the Most Profitable in the World
LivinginPeru.com
Katrina Heimark
The general index of Lima’s Stock Market advanced 132.6% this year, which moved it up to the first place in the world. The stock market grew faster than the respective markets from Brazil (advanced 106.1%), Russia and Indonesia. According to the ranking issued by the Bloomberg Agency, Lima’s Stock Exchange is the most profitable in the planet. The advances made by the stock market began on the first of January of this year, and as of today, the market continues to grow.
Lima’s Stock Exchange closed yesterday with a 2.07 increase in the general index, which was the fifth consecutive increase. This puts the stock market at a level that had not been seen since July 2 of 2008.
According to Peru21, the inversion of mining companies in Southern Peru accounts for much of the growth in the Peruvian Economy.
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.
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.
Economy | 21 September, 2009 [ 12:46 ]
LivinginPeru.com
Katrina Heimark
Rising metals prices have sparked the aggressive investment of mining companies in resource-rich Peru, which is a marked change from last year. These investments are the first in the sector since the onslaught of the economic crisis, which caused a collapse in metals prices last 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.
Mining Investments in Peru signal end of Economic Crisis
LivinginPeru.com
Katrina Heimark
Rising metals prices have sparked the aggressive investment of mining companies in resource-rich Peru, which is a marked change from last year. These investments are the first in the sector since the onslaught of the economic crisis, which caused a collapse in metals prices last year.Miners are expected to plow $30 billion in projects over the next decade. A $2.2 billion copper project in Chinalco and a $5.1 billion Antapaccay project are set to start next year.
These investments “affirm Peru’s position as an attractive place to invest,” says Pedro Sanchez, Peru’s Mining and Energy Minister. However, as investments increase in mining areas, so does community opposition. These conflicts often delay production, and, sometimes, have caused projects to be abandoned. These conflicts and protests stem from the perception of many locals in the poorer areas of Peru that they are not receiving their fair share, or that their resources are being exploited.
Last week Arequipa hosted the 29th biannual Perumin Mining Convention, and many of the proposed developments were on display. Investments in the mining sector are soaring, which provoked many at the conference to believe that the economic crisis is dissipating, at least within Peru.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Economy | 19 September, 2009 [ 10:17 ]
BCR: Peru International Reserves totaled US$ 32.22 billion by September 15th
Andina
Peru’s Net International Reserves (NIR) amounted to US$ 32.22 billion by September 15th, 266 million more than September’s closing, the Peruvian Central Reserve Bank (BCR) reported Saturday.
This increase is mainly explained by the higher valuation of investments (US$ 183 million), by banks’ higher deposits (US$ 94 million), and by swap operations (US$ 13 million).
This result was in part offset by lower public sector deposits (US$ 99 million).
BCR’s international investment position by September 15 was 21.71 billion dollars, US$ 272 million more than August’s closing.
Between September 8 and 15, the daily average of the 90-day corporate rate in domestic currency fell from 1.82 to 1.79 percent, while this rate in dollars increased from 1.34 to 1.37 percent
So far this month, the average daily interbank interest rate is 1.21 percent, lower than the average rate of July (1.34 percent).
On September 15th, the interbank interest rate in domestic currency recorded 1.19 percent.
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.
Peru’s Net International Reserves (NIR) amounted to US$ 32.22 billion by September 15th, 266 million more than September’s closing, the Peruvian Central Reserve Bank (BCR) reported Saturday. This increase is mainly explained by the higher valuation of investments (US$ 183 million), by banks’ higher deposits (US$ 94 million), and by swap operations (US$ 13 million).
This result was in part offset by lower public sector deposits (US$ 99 million).
BCR’s international investment position by September 15 was 21.71 billion dollars, US$ 272 million more than August’s closing.
Between September 8 and 15, the daily average of the 90-day corporate rate in domestic currency fell from 1.82 to 1.79 percent, while this rate in dollars increased from 1.34 to 1.37 percent
So far this month, the average daily interbank interest rate is 1.21 percent, lower than the average rate of July (1.34 percent).
On September 15th, the interbank interest rate in domestic currency recorded 1.19 percent.
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.
Economy | 18 September, 2009 [ 12:17 ]
Peru will lead Latin American growth, says Consensus Forecast
LivinginPeru.com
Isabel Guerra
Once the present world financial crisis is over, Peru will lead Latin America's economic growth, according to the latest regional report by Consensus Forecast.
Only four countries are expected achieve positive results in 2009. Mexico will have the biggest drop, 6.8%, while Ecuador will drop by 3.1%, Costa Rica by 2.6% and Chile by 1.8%.
Tomás Flores, Director of Studies of the Instituto Libertad y Desarrollo (LyD) in Chile, told El Mercurio newspaper that Peru's expansion is “due to the fact that the crisis found this nation in the middle of an opening to foreign investments.”
George Lever, from the Santiago de Chile Chamber of Commerce, estimates that Peru will be one of the countries that will overcome the crisis sooner.
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
Once the present world financial crisis is over, Peru will lead Latin America's economic growth, according to the latest regional report by Consensus Forecast. Only four countries are expected achieve positive results in 2009. Mexico will have the biggest drop, 6.8%, while Ecuador will drop by 3.1%, Costa Rica by 2.6% and Chile by 1.8%.
Tomás Flores, Director of Studies of the Instituto Libertad y Desarrollo (LyD) in Chile, told El Mercurio newspaper that Peru's expansion is “due to the fact that the crisis found this nation in the middle of an opening to foreign investments.”
George Lever, from the Santiago de Chile Chamber of Commerce, estimates that Peru will be one of the countries that will overcome the crisis sooner.
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.
Economy | 17 September, 2009 [ 16:10 ]
Peru's Volcan expects to boost zinc and silver production
LivinginPeru.com
Isabel Guerra
Peruvian mining company Volcan, one of the main zinc producers in Peru, said it expects to boost its production of zinc over the next three years to 800,000 tonnes from 690,000 tonnes.
“We expect to grow 5% per year,” said Volcan's General Manager, Juan José Herrera, during his presentation at Perumin, in Arequipa.
He also said that Volcan's production of silver will increase from 23 million ounces to 30 million ounces.
Volcan operates mining projects in the Pasco Andean region.
Peru is the second largest world producer of zinc and the largest producer of silver. Mining is one of the pillars of Peru's economy.
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 mining company Volcan, one of the main zinc producers in Peru, said it expects to boost its production of zinc over the next three years to 800,000 tonnes from 690,000 tonnes. “We expect to grow 5% per year,” said Volcan's General Manager, Juan José Herrera, during his presentation at Perumin, in Arequipa.
He also said that Volcan's production of silver will increase from 23 million ounces to 30 million ounces.
Volcan operates mining projects in the Pasco Andean region.
Peru is the second largest world producer of zinc and the largest producer of silver. Mining is one of the pillars of Peru's economy.
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.
Economy | 15 September, 2009 [ 17:03 ]
LivinginPeru.com
Isabel Guerra
According to Peru21, over the past two years (2006-2008), mining companies have spent a total of S/. 24.247 billion in income taxes.
These statistics show that the mining sector is the principal contributor of income to the country of Peru.
However, the mining industry also suffered under the impact of the global financial crisis, which caused a fall in the prices of minerals.
Some minerals lost over 50 percent of their value due to the crisis.
Mining corresponds to 6.4% of Peru’s GDP, and 59% of the country’s total exports.
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.
Mining companies in Peru pay more than S/. 24 billion in income taxes
LivinginPeru.com
Isabel Guerra
According to Peru21, over the past two years (2006-2008), mining companies have spent a total of S/. 24.247 billion in income taxes. These statistics show that the mining sector is the principal contributor of income to the country of Peru.
However, the mining industry also suffered under the impact of the global financial crisis, which caused a fall in the prices of minerals.
Some minerals lost over 50 percent of their value due to the crisis.
However, with the amount of income taxes the mining industry paid in 2008 (S/. 6.868 billion), six governmental ministries (Health, Environment, Woman and Social Development, Justice, Production, and Work and Employment Promotion) would have all their expenses paid.
Mining corresponds to 6.4% of Peru’s GDP, and 59% of the country’s total exports.
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.
News Sections (Archive)
- BREAKING NEWS! (60)
- Top (206)
- Peru (1823)
- Lima (682)
- Latin America (171)
- World (216)
- Politics (825)
- Elections 2006 (172)
- Economy (711)
- Business (597)
- Sports (560)
- Law and Order (777)
- Health (321)
- Travel and Tourism (437)
- Art/Culture/History (270)
- Education (113)
- Environment/Nature (188)
- TV/Entertainment (334)
- Tech / Internet (92)
- Press Releases (140)
- Dossiers (1)
- Opinion (13)
- Kids (29)
- Photo of the day (286)
- Advice (47)
- Announcements (49)
- Mining/Energy (339)
- Agriculture (55)
- Transportation (241)
- Natural Disasters (131)
- Communications (41)
- APEC PERU 2008 (225)
- EU-LAC Peru 2008 (70)
- Science (11)
- Fashion (6)
- Food (77)
- Celebrities (21)
Last 5 news articles
- Microsoft Peru will invest US $500,000 in its expansion
- Prom-Peru to promote Southern Peru tourist destinations in Chilean fair
- US gastronomic website praises Peru's food
- Peru: More natural gas found in Camisea
- Peru will sign The Hague Apostille Convention
Last comments
- In Mexicans will not need a visa to visit Peru
Andrew says :
7 November, 2009 13:03:10
I am American and going to a wedding in Cancun, I would like to have to company of my Peruvian ... - In US gastronomic website praises Peru's food
Chef Patty Carrion says :
7 November, 2009 07:54:22
I am very glad to hear such a good comment of Peruvian Food; especially from an American visitor.&nb ... - In Racism still a major concern in Lima
Nancy says :
5 November, 2009 22:14:06
My parents are from Peru and I was born here in the US. My family is Mestizo and they have a racist ... - In Organic crops generate 33,000 jobs in Peru
Perkunas says :
5 November, 2009 21:32:49
Always happy to see this healthy stream of jobs, environment and new perspectives to thrive in peruv ... - In Peru's Police captured two suspects related to Paola Vargas' death
Mr. Justice says :
5 November, 2009 16:00:29
The long term solution to the hooligan problem is to force the team owners to pay for the incre ...
News web syndication [RSS]
what is "web syndication" ?
RSS Feeds :