Business

Peru sanctions five pharmacy chains in price-fixing scheme
Posted by Colin Post on Oct 26, 2016 1 comment

Peru sanctions five pharmacy chains in price-fixing scheme

Peru’s state trade commission has issued million-dollar fines to five pharmacy chains for fixing prices of various medicines and dietary supplements. The National Institute for the Defense of Competition and  Full Article »

Las Bambas: four villages threaten to paralyze Peru’s largest copper mine
Posted by Colin Post on Oct 24, 2016 Leave a comment

Las Bambas: four villages threaten to paralyze Peru’s largest copper mine

The future of shipments from the Las Bambas copper mine hinge on whether four villages in Apurimac accept the government’s offer of a 45-day truce. Copper concentrate has not left  Full Article »

Peru VP meets Las Bambas protesters as production poised to stop
Posted by Colin Post on Oct 22, 2016 1 comment

Peru VP meets Las Bambas protesters as production poised to stop

Peru Vice President Martin Vizcarra meets with local leaders in an attempt to end a blockade in Apurimac which threatens to halt copper production at the Las Bambas mine. Vizcarra,  Full Article »

Protesters set fire to mining camp in southern Peru
Posted by Colin Post on Oct 19, 2016 1 comment

Protesters set fire to mining camp in southern Peru

Hundreds of protesters opposed to mining in their rural province fought police and set fire to a Canadian-owned exploration camp in the southern state of Puno on Tuesday. Residents of the  Full Article »

Peru police kill protester near Las Bambas copper mine
Posted by Colin Post on Oct 15, 2016 1 comment

Peru police kill protester near Las Bambas copper mine

Police in Peru killed a protester on Friday while trying to clear a road near the Las Bambas copper mine in Peru’s Apurimac state. Clashes broke out when police tried  Full Article »

Peru reluctantly boosts ‘drawback’ subsidy for exporters
Posted by Colin Post on Oct 14, 2016 1 comment

Peru reluctantly boosts ‘drawback’ subsidy for exporters

Peru has raised the tax rebate known as “drawback” for small to medium-sized companies which sell goods abroad. Peru’s finance ministry on Friday enacted by decree an increase in the  Full Article »

Chinese miners evaluating pending bid for Peru’s La Oroya smelter
Posted by Colin Post on Oct 6, 2016 2 comments

Chinese miners evaluating pending bid for Peru’s La Oroya smelter

Peru’s government will likely ease sulfur dioxide emissions limits to attract investors to an auction for the La Oroya polymetallic smelter in early 2017. The director of Dirige, the company  Full Article »

Peru: Chinese imports devastate Lima’s garment district
Posted by Colin Post on Sep 20, 2016 1 comment

Peru: Chinese imports devastate Lima’s garment district

Alleged dumping of Chinese textiles into Peru threatens hundreds of thousands of jobs in Gamarra, Lima’s historic garment district. Over 200,000 jobs have been lost and another 400,000 are at  Full Article »

Peru changes bankruptcy law in bid to save historic La Oroya smelter
Posted by Colin Post on Aug 26, 2016 1 comment

Peru changes bankruptcy law in bid to save historic La Oroya smelter

Peru’s Congress has passed a bill that would extend the terms of liquidation for bankrupt companies in an effort o save the La Oroya smelter in Junin. The legislative session  Full Article »

Peru’s trade minister aims to double exports and tourism
Posted by Colin Post on Aug 12, 2016 Leave a comment

Peru’s trade minister aims to double exports and tourism

Peru’s new trade minister Eduardo Ferreyros has announced his goal to attract 7 million tourists to Peru and export $70 billion of goods per year by 2021. Given Peru exported  Full Article »