|
|
|
|
- Business Directory
- News
- Classifieds
- Movies
- Events Calendar
- Features
- Travel
- Business
- Gastronomy
- Peru This Week E-Magazine
|
|
|
|
Latest News in Peru / Archive for Economy
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.
Economy | 15 September, 2009 [ 09:08 ]
Peru's Government to address more resources to Mivivienda program
Andina
Peru's government will inject more resources to strengthen the Mivivienda program, targeting low-income Peruvians, announced today President Alan García Pérez.
These statements were made during the dialogue held this morning with entrepreneurs from the Spanish Confederation of Business Organizations (CEOE), at the Government Palace.
In relation to mortgage lending, he said that since banks take too long and calculate their risks too much, the government needs to inject mortgage resources through the National Bank.
There are 11 major housing projects underway in different parts of Lima, he said, the Government seeks to encourage the construction of Matellini Project in Chorrillos, several thousand homes, but noted that this happens to stimulate the mortgage payment capacity of individuals, a matter which will require great effort next 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.
Peru's government will inject more resources to strengthen the Mivivienda program, targeting low-income Peruvians, announced today President Alan García Pérez. These statements were made during the dialogue held this morning with entrepreneurs from the Spanish Confederation of Business Organizations (CEOE), at the Government Palace.
In relation to mortgage lending, he said that since banks take too long and calculate their risks too much, the government needs to inject mortgage resources through the National Bank.
There are 11 major housing projects underway in different parts of Lima, he said, the Government seeks to encourage the construction of Matellini Project in Chorrillos, several thousand homes, but noted that this happens to stimulate the mortgage payment capacity of individuals, a matter which will require great effort next 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.
Economy | 11 September, 2009 [ 17:23 ]
Peru's Finance Minister predicts 6 percent growth for 2012
LivinginPeru.com
Isabel Guerra
According to Luis Carranza, Peru's Finance Minister, Peru's Gross Domestic Product (GDP) is likely to grow more than 6% in 2012, while its trade partners might grow 4%.
“According to the information from multilateral organisms, Peru could grow more than the average of its trade partners, thanks to the structural reforms it's making,” Carranza said, as Gestión reports.
"A small economy like Peru can only grow if exports are directed towards foreign countries. Its exports will depend on what happens in the rest of the world, "he remarked.
He also emphasized that Peru's economic results for this year will be better than other countries'.
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 Luis Carranza, Peru's Finance Minister, Peru's Gross Domestic Product (GDP) is likely to grow more than 6% in 2012, while its trade partners might grow 4%. “According to the information from multilateral organisms, Peru could grow more than the average of its trade partners, thanks to the structural reforms it's making,” Carranza said, as Gestión reports.
"A small economy like Peru can only grow if exports are directed towards foreign countries. Its exports will depend on what happens in the rest of the world, "he remarked.
He also emphasized that Peru's economic results for this year will be better than other countries'.
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 | 9 September, 2009 [ 17:25 ]
World Bank congratulates Peru
LivinginPeru.com
Isabel Guerra
Peru is one of the countries that has reached more success in improving the local business environment, said the World Bank representative, Felipe Jaramillo.
“Peru ranks 56 in the Doing Business ranking, marking strong progress, taking into account that the Andean country ranked 65 last year,” he said.
That has happened because Peru has made reforms in six of the 10 areas monitored by Doing Business.
“That's why I congratulate the Peruvian government and all Peruvian technicians'; because of their inter-institutional efforts in applying those reforms,” he remarked.
Jaramillo also said that the World Bank is pleased to see how Peru's efforts make visible these important achievements.
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 is one of the countries that has reached more success in improving the local business environment, said the World Bank representative, Felipe Jaramillo. “Peru ranks 56 in the Doing Business ranking, marking strong progress, taking into account that the Andean country ranked 65 last year,” he said.
That has happened because Peru has made reforms in six of the 10 areas monitored by Doing Business.
“That's why I congratulate the Peruvian government and all Peruvian technicians'; because of their inter-institutional efforts in applying those reforms,” he remarked.
Jaramillo also said that the World Bank is pleased to see how Peru's efforts make visible these important achievements.
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 | 8 September, 2009 [ 14:46 ]
LivinginPeru.com
Katrina Heimark
According to El Comercio, the Central Reserve Bank of Peru estimates that from 2009 until 2050, climate change will cost the Peruvian Government six to seven times the total of Peru’s GDP in 2008.
This total is estimated to be between US$ 729 billion and US$855 billion, as in 2008 Peru’s Gross Domestic Product reached US$114 billion.
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
Climate Change may Cost Peru US$855 Billion
LivinginPeru.com
Katrina Heimark
According to El Comercio, the Central Reserve Bank of Peru estimates that from 2009 until 2050, climate change will cost the Peruvian Government six to seven times the total of Peru’s GDP in 2008. This total is estimated to be between US$ 729 billion and US$855 billion, as in 2008 Peru’s Gross Domestic Product reached US$114 billion.
The range in numbers is based upon the fluctuation of climate change. The highest number corresponds to the harshest estimate, which indicates that the average temperature will increase by 2 degrees Celsius, and that precipitation will increase by 20% by the year 2050.
The study indicates that the annual loss Peru’s economy will sustain will equal that of 7.3 to 8.6% of the country’s yearly GDP. José Arista, the vice-minister of housing, stated that “in order to combat climate change, it is necessary to […] adapt our economy to new climate conditions.”
The minister of the environment, Antonio Brack, argued that measures are being taken to reduce greenhouse gas emissions by 50% within the next ten years.
The minister of the environment, Antonio Brack, argued that measures are being taken to reduce greenhouse gas emissions by 50% within the next ten years.
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 | 2 September, 2009 [ 08:45 ]
Peru wants to sign FTA with South Korea by November
LivinginPeru.com
Isabel Guerra
According to Peruvian Foreign Minister Jose Garcia Belaunde, Peru hopes to have the free trade agreement (FTA) with South Korea ready by November.
Garcia Belaunde told this to South Korean President Lee Myung-bak, during a meeting at the Blue House yesterday, according to joongangdaily.joins.com
Garcia Belaunde also met with his Korean counterpart, Yu Myung-hwan, and Korean businessmen to promote this free trade agreement, which would be Korea’s second free trade agreement with a South American nation.
According to the Korean Chamber of Commerce and Industry, trade between Korea and Peru has increased from $400 million in 2004 to $1.6 billion 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.
Isabel Guerra
According to Peruvian Foreign Minister Jose Garcia Belaunde, Peru hopes to have the free trade agreement (FTA) with South Korea ready by November. Garcia Belaunde told this to South Korean President Lee Myung-bak, during a meeting at the Blue House yesterday, according to joongangdaily.joins.com
Garcia Belaunde also met with his Korean counterpart, Yu Myung-hwan, and Korean businessmen to promote this free trade agreement, which would be Korea’s second free trade agreement with a South American nation.
According to the Korean Chamber of Commerce and Industry, trade between Korea and Peru has increased from $400 million in 2004 to $1.6 billion 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.
Economy | 31 August, 2009 [ 08:38 ]
Remittances sent to Peru amounted US $ 564 mln
LivinginPeru.com
Isabel Guerra
According to Peru's Central Bank of Reserve (BCR), remittances sent (to thir families) by Peruvians working abroad amounted US $ 564 million dollars during 2009's second quarter, which is the highest figure this year, and also an increase of 5.2% compared to the first quarter.
Remittances from the United States to Peru rose 3.4% during the second quarter, while those sent from other countries grew by 6.5% in the same period.
Also, Peruvians seems to trust more in bank services, since the percentage of remittances coursed through banks grew 10.4% percent during the second quarter of 2009.
BCR's last year figures also indicate that total remittances sent to Peru during 2008 amounted to US$2.43 billions.
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 Peru's Central Bank of Reserve (BCR), remittances sent (to thir families) by Peruvians working abroad amounted US $ 564 million dollars during 2009's second quarter, which is the highest figure this year, and also an increase of 5.2% compared to the first quarter. Remittances from the United States to Peru rose 3.4% during the second quarter, while those sent from other countries grew by 6.5% in the same period.
Also, Peruvians seems to trust more in bank services, since the percentage of remittances coursed through banks grew 10.4% percent during the second quarter of 2009.
BCR's last year figures also indicate that total remittances sent to Peru during 2008 amounted to US$2.43 billions.
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! (61)
- Top (206)
- Peru (1834)
- Lima (684)
- Latin America (172)
- World (220)
- Politics (838)
- Elections 2006 (172)
- Economy (715)
- Business (612)
- Sports (573)
- Law and Order (786)
- Health (323)
- Travel and Tourism (442)
- Art/Culture/History (275)
- Education (113)
- Environment/Nature (198)
- TV/Entertainment (345)
- Tech / Internet (93)
- Press Releases (142)
- Dossiers (2)
- Opinion (13)
- Kids (29)
- Photo of the day (286)
- Announcements (52)
- Advice (47)
- Mining/Energy (345)
- Agriculture (55)
- Transportation (242)
- Natural Disasters (131)
- Communications (41)
- APEC PERU 2008 (225)
- EU-LAC Peru 2008 (70)
- Science (11)
- Fashion (7)
- Food (78)
- Celebrities (23)
Last 5 news articles
- Peru's Jefferson Farfan scored again for Schalke
- Peru: More than 70 injured reported after clashes in Abancay
- Peru's Daysi Cori looking for a victory in the Chess Young World Championship
- Peru's "Emergency Blanket" succeeds in the UK
- The "Pishtaco" legend strikes back in Peru
Last comments
- In Chile's beefed up military presence worries Peru
perucho4ever says :
20 November, 2009 15:59:52
As I was saying these goverments are killing us,integration? no way jose,you and I know that integra ... - In Peru: Drunken drivers will go to jail
Splaktar says :
20 November, 2009 15:46:43
0.5 ? grams per liter? that's crazy drunk!"Unless a person has developed a high toler ... - In Peru: Drunken drivers will go to jail
Terri says :
20 November, 2009 15:41:32
Peru ought to learn to enforce existing rules of the road. The current admistration must be su ... - In Peru ranks 75th in Transparency International’s 2009 Corruption Perception Index
Splaktar says :
20 November, 2009 15:40:33
I've heard similar stories from people who have visited or are from Venezuela. I'm sur ... - In Car Prices Decrease as Taxes are Eliminated in Peru
Lionheart Central Florida says :
20 November, 2009 15:14:22
I am also a american married with peruana. We want to bring our car toPeru with our stuff. App ...
News web syndication [RSS]
what is "web syndication" ?
RSS Feeds :