fbpx

Peru: Morning News Headlines – August 2

0

Bolivia’s President is honored in Peru

(LIP-ir) — President of Peru’s National Parliament, Luis Gonzales Posada, awarded Bolivia’s President, Evo Morales with the Congressional Medal of Honor for the work he has done in defense of democracy. Bolivia’s President expressed his gratitude and desire to strengthen friendship and cooperation between Peru and Bolivia.

President Garcia offers to help Bolivia

In a speech given in the presence of Bolivia’s President, Evo Morales, President Alan Garcia assured that Peru would help Bolivia in whatever it could. Peru’s President stated that he and his administration would support and help Bolivia in its effort to have maritime access. Chancellor, José García Belaunde, assured that this was an important topic on the meeting agenda between the two Presidents.

– related articles –
separator
Bolivia’s plan for maritime access puts Peru in hot water in Chile (by LIP, Jun 1, 2007)
separator

Government continues to guarantee stable fuel prices

Despite the fact that international oil prices have reached a record high, US$ 78.21 per barrel, Petroperu has discarded the possibility of an increase in fuel prices. The state-run organization president, César Gutiérrez, has stated that consumers should stay calm because fuel prices would not vary in the next 2 weeks. An evaluation of oil prices will be made in two weeks and at that time prices may be readjusted. Gutiérrez expressed that he was sure prices would go down, the way they have in previous years. He added that if prices were to drop to US$ 70 per barrel, prices in the county could decrease.

– related articles –
separator
Peru’s Energy & Mines Ministry Invests 700 Million in Electrical Project (by LIP, Aug 1, 2007)
Peru’s Minister of Mines Assures Fuel Prices Will Not Rise (by LIP, Jul 30, 2007)
separator

Peru’s minimum wage could increase

Peru’s Prime Minister, Jorge del Castillo, has stated that an increase in the country’s minimum wage could take up to 1 month to decide. "The topic (of minimum wage) requires meetings, a technical study and agreements, it could be resolved in 1 month," said del Castillo.

– related articles –
separator
Labor Ministry Proposes to Increase Peru’s Minimum Wage (by LIP, Aug 1, 2007)
separator

Peru Inflation Rises, May Hike Rates

Inflation numbers out this week put pressure on Peru to raise rates Thursday. Higher prices of food and fuels and strong domestic demand growth are fueling inflation. "Given the large inflation surprise and confirmation that inflationary pressures have intensified, we believe the Central Bank is likely to raise the reference interest rate again [today], by 25bp to 5.00%," says Goldman Sachs.

Comments

comments