Business

Stalled expansion risks Lima airport’s regional leadership
Posted by Colin Post on May 9, 2016 5 comments

Stalled expansion risks Lima airport’s regional leadership

The construction of a second runway delayed more than a decade threatens to relegate Lima’s airport to being one of South America’s secondary hubs. A contractual dispute between Peru’s government  Full Article »

Oil companies oppose ocean reserve in northern Peru
Posted by Colin Post on May 5, 2016 1 comment

Oil companies oppose ocean reserve in northern Peru

Peru is mulling the creation of a natural reserve to protect marine life in the coastal waters of the northern states of Piura and Tumbes. Peru’s environmental ministry and national  Full Article »

Chile firm buys Repsol’s LPG business in Peru
Posted by Colin Post on Apr 21, 2016 Leave a comment

Chile firm buys Repsol’s LPG business in Peru

Spanish energy company Repsol has sold its Solgas liquid petroleum gas (LPG) unit in Peru to Chilean firm Abastible for $302 million. Repsol sold Solgas in Peru as well as  Full Article »

Peru allows retirees to dissolve private pensions
Posted by Colin Post on Apr 16, 2016 1 comment

Peru allows retirees to dissolve private pensions

Peru’s Congress voted on Thursday to allow retirees to withdraw all of their private pension accounts in cash. By a vote of 84 to two, Congress overwhelmingly overrode a previous  Full Article »

Odebrecht bows out of Peru’s Southern Gas Pipeline
Posted by Colin Post on Apr 8, 2016 Leave a comment

Odebrecht bows out of Peru’s Southern Gas Pipeline

Brazilian firm Odebrecht will sell off interests in public contracts in Peru as the company faces mounting losses and a criminal investigation in Brazil. Odebrecht says it sold its 55% stake in  Full Article »

Pharmacy chain buys competitor in Peru’s fragmented industry
Posted by Colin Post on Mar 23, 2016 1 comment

Pharmacy chain buys competitor in Peru’s fragmented industry

One of Peru’s largest healthcare and pharmaceutical companies has acquired the Arcangel pharmacy chain to better challenge industry leader InkaFarma. Quicorp, the Quimica Suiza holding company and owner of the  Full Article »

Lima stock exchange’s alternatives market doubled in 2015
Posted by Colin Post on Feb 8, 2016 1 comment

Lima stock exchange’s alternatives market doubled in 2015

The Lima stock exchange’s alternative investment market (MAV) nearly doubled to over $22 million in trade volume in 2015. Modeled on the London stock exchange’s AIM, Lima’s alternatives market allows smaller  Full Article »

Hedge fund to sue Peru for $1.3 billion over agrarian bonds
Posted by Colin Post on Feb 3, 2016 1 comment

Hedge fund to sue Peru for $1.3 billion over agrarian bonds

American hedge fund Gramercy Funds Management will sue Peru for $1.3 billion for the government’s failure to pay bonds dated from the 1970s agrarian reform. In a 15-page letter accompanied  Full Article »

Credicorp allies with Grupo Sura to finance infrastructure projects
Posted by Colin Post on Jan 29, 2016 1 comment

Credicorp allies with Grupo Sura to finance infrastructure projects

Credicorp Capital has entered a strategic alliance with Grupo Sura to create a fund to finance highways and other infrastructure projects in both Peru and Colombia. Peru’s largest financial institution  Full Article »

Anti-mining protesters occupy downtown Cusco
Posted by Colin Post on Jan 20, 2016 1 comment

Anti-mining protesters occupy downtown Cusco

Thousands of protesters demonstrated in Cusco’s downtown plaza to demand the repeal of dozens of mining licenses in a sacred region of the Quispicanchi province. Protest leaders say that gold-mining  Full Article »