Peru: Morning News Roundup – Wednesday, December 19

Peru cabinet chief to stay on during cabinet changes

Peruvian Prime Minister Jorge del Castillo on Tuesday said he had offered to resign but the president asked him to remain. Castillo, the cabinet chief, said he will stay in his post during the cabinet changes that aim to strengthen President Alan Garcia’s support in the congress. The cabinet chief has been criticized recently by the opposition for saying the government would focus social expenditure in areas where it received votes in the last election. As Garcia’s party lacks a majority in the congress, a cabinet reshuffle could retain his support from other parties in the ruling coalition. The final results of the reshuffle of ministers will be announced on Wednesday. (Xinhua – click here to read complete article)

Peru Mine Stocks Fall; Colombia IGBC Is World’s Biggest Mover

Peru’s benchmark index fell to the lowest in more than eight months as the price of copper declined on concern the weakening U.S. housing market will crimp demand for the metal. Peru is the third-biggest copper producer after Chile and the U.S. The Lima general index, mostly comprised of commodity producers, retreated 381.77, or 2.3 percent, to 16,599.76 as of 1:09 p.m. New York time. The index, which has gained 29 percent this year, was at the lowest since March 27. Elsewhere in Latin America, Colombia’s IGBC index fell 2.6 percent, the biggest move among markets included in global benchmarks. (Bloomberg.com – click here to read complete article by William Freebairn)

Fujimori again denies creating paramiltary group

Former Peruvian President Alberto Fujimori on Monday again denied creating a paramilitary group in the early 1990s to murder suspected rebels. At the start of his second week on trial here, Fujimori insisted that he had heard nothing of this from his two main subordinates — Vladimiro Montesinos and Victor Malca, former chief of the National Intelligence Service and the nation’s then minister of defense respectively. He also said he had never met Santiago Martin Rivas, an army major convicted of heading the paramilitaries, known as the Colina Group. The prosecution is seeking to prove that links existed between Fujimori and the Colina group blamed for the deaths of 25 civilians in two massacres in 1991 and 1992. (Xinhua – click here to read complete article)

Apesoft: Software industry set to bill US$130mn in 2007

Peru’s software industry is set to bill US$130mn in 2007, up 25% compared to last year, Yosef Humala, general manager of the country’s software promotion agency Apesoft, told BNamericas. In 2008, Humala expects the software industry to grow 20%, as several Peruvian software firms are expected to attain CMMi certification, enabling them to compete internationally and increase software exports. At present three locally owned IT companies in Peru have CMMi certification with companies in the cities of Arequipa, Chiclayo and Trujillo expected to achieve CMMi in 2008 Humala said. (BNamericas – click here to read complete article)

Peru coach accused of permitting team party during World Cup qualifiers

Peru coach Jose del Solar will have to answer to the national federation about allegations that he permitted a banned party during training for World Cup qualifiers. Claudio Pizarro of Chelsea, Jefferson Farfan of PSV Eindhoven, Andres Mendoza of Metallurg, and Santiago Acasiete of Almeria were indefinitely suspended this month by the Peruvian Football Federation’s 2010 World Cup commission for allegedly drinking alcohol and inviting women into their rooms at a luxury hotel in Lima after the 1-1 draw against Brazil on Nov. 18. (AP – click here to read complete article)