Economy

Upgrade of Peru stocks eliminates risk of losing ‘emerging market’ status
Posted by Erin Anderson on May 18, 2017 Leave a comment

Upgrade of Peru stocks eliminates risk of losing ‘emerging market’ status

Leading index-provider MSCI’s incorporation of two Peruvian companies’ stock into its small-cap index has eliminated the pending risk of reclassifying Peru as a “frontier market.” Shares of Volcan mining company and Graña &  Full Article »

Peru’s trade agreement with Honduras takes effect in 2017
Posted by Colin Post on Dec 30, 2016 Leave a comment

Peru’s trade agreement with Honduras takes effect in 2017

The free-trade agreement between Peru and Honduras will take effect on Jan. 1, 2017. The agreement which takes effect on Monday will eliminate Honduran taxes on 84% of Peru’s exports  Full Article »

Peru president lends loud voice in defending free trade
Posted by Colin Post on Nov 21, 2016 1 comment

Peru president lends loud voice in defending free trade

The Asia-Pacific Economic Cooperation (APEC) concluded its annual summit in Lima last week by declaring its commitment to free trade amid a wave of populism. Peru President Pedro Pablo Kuczynski  Full Article »

Peru government to battle opposition over sales-tax reform
Posted by Colin Post on Nov 11, 2016 Leave a comment

Peru government to battle opposition over sales-tax reform

Peru’s government has signaled that it will reject a law from the opposition-controlled Congress to ease terms of tax payment for small and medium-sized businesses. Congress on Thursday unanimously passed  Full Article »

Peru puts partisans on central bank’s board of directors
Posted by Colin Post on Oct 28, 2016 1 comment

Peru puts partisans on central bank’s board of directors

Peru’s opposition-controlled Congress is widely criticized for electing two of Keiko Fujimori’s former running mates as directors of the central bank. The Popular Force party which controls 71 seats in  Full Article »

Peru refinances govt debt with historic local-currency bond
Posted by Colin Post on Oct 5, 2016 Leave a comment

Peru refinances govt debt with historic local-currency bond

Peru has issued $3 billion in sol-denominated bonds in an operation which reduced its dollar-denominated debt and extend average due dates. Last Wednesday Peru’s finance ministry issued $3 billion of  Full Article »

Peru president courts Chinese investment in first international trip
Posted by Colin Post on Sep 13, 2016 1 comment

Peru president courts Chinese investment in first international trip

Peru President Pedro Pablo Kuczynski is in China for his first official visit abroad to court investment in Peruvian mining and infrastructure projects. Kuczynski will meet with government and business  Full Article »

Peru proposes increased budget to improve services, boost economy
Posted by Jack Dylan Cole on Sep 12, 2016 Leave a comment

Peru proposes increased budget to improve services, boost economy

Peru’s government has submitted a fiscal budget for 2017 which expands spending by 4.7% to drive economic growth and improve government services. Cabinet chief Fernando Zavala presented to Congress last week a budget featuring significant spending increases in government  Full Article »

Peru govt prepares for fight with Congress over tax cut
Posted by Colin Post on Sep 1, 2016 Leave a comment

Peru govt prepares for fight with Congress over tax cut

Peru’s government will include a controversial cut to the national sales tax in its request for decree powers from the opposition-controlled Congress. Peru’s newspapers on Monday reported that President Pedro  Full Article »

Peru’s formalization plan does not touch labor regulation
Posted by Colin Post on Aug 25, 2016 Leave a comment

Peru’s formalization plan does not touch labor regulation

Peru’s new finance minister outlined his plan to boost formalization in labor markets, which does not include changing the country’s rigid labor regulation. In his inaugural address, President Pedro Pablo  Full Article »