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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 »

Kuczynski outlines plan for Peru in inaugural address
Posted by Colin Post on Jul 29, 2016 1 comment

Kuczynski outlines plan for Peru in inaugural address

In his first Message to the Nation, President Pedro Pablo Kuczynski promised running water, infrastructure, improved education and healthcare and more. Kuczynski was sworn as president on Thursday by congressional  Full Article »

Illegal mining renders vast areas uninhabitable in Lima outskirts
Posted by Colin Post on May 27, 2016 1 comment

Illegal mining renders vast areas uninhabitable in Lima outskirts

Illegal miners of construction materials create sprawling quarries which render vast expanses of land uninhabitable outside Lima. An El Comercio investigation reveals that a combined 660 square miles in various  Full Article »

Mining protests flare up during Peru’s election season
Posted by Colin Post on May 12, 2016 Leave a comment

Mining protests flare up during Peru’s election season

Thousands of protesters marched in Peru’s southern states of Puno and Arequipa following developments on local mining issues. The protests in Puno’s city of Juliaca and Arequipa’s Islay province come  Full Article »

Peru’s informal economy to persist for decades: report
Posted by Colin Post on May 10, 2016 2 comments

Peru’s informal economy to persist for decades: report

A new economic report predicts that Peru’s informal sector will remain a significant part of the national economy until at least 2050. Peru’s state planning agency published a report forecasting  Full Article »

Peru economist Hernando de Soto endorses Keiko Fujimori
Posted by Colin Post on May 8, 2016 Leave a comment

Peru economist Hernando de Soto endorses Keiko Fujimori

Esteemed economist Hernando de Soto has endorsed presidential candidate Keiko Fujimori in Peru’s 2016 elections. Fujimori presented de Soto as a member of her technical team at a campaign rally  Full Article »

Politics may force overhaul of Peru’s private pension system
Posted by Colin Post on Nov 19, 2015 Leave a comment

Politics may force overhaul of Peru’s private pension system

Various reforms to Peru’s private pension system have entered public debate just five months from the 2016 general election. Last month Peru’s financial regulator SBS released new mortality tables which  Full Article »

World Bank recommends Peru loosen labor regulation
Posted by Colin Post on Oct 8, 2015 Leave a comment

World Bank recommends Peru loosen labor regulation

The World Bank recommended this week that Peru loosen its labor regulation in order to improve productivity and sustain economic growth. Economists say Peru’s rigid labor laws are why more  Full Article »

Police seize $1 million of counterfeit clothing in Lima market
Posted by Colin Post on Aug 10, 2015 1 comment

Police seize $1 million of counterfeit clothing in Lima market

Yesterday morning police seized $1.25 million worth of clothing from the Polvos Azules shopping mall in downtown Lima. Over 800 police officers and 15 prosecutors raided the shopping center in  Full Article »