Economy

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 »

Oil troubles drag Peru’s economic growth below expectations
Posted by Colin Post on Aug 16, 2016 1 comment

Oil troubles drag Peru’s economic growth below expectations

Peru’s economic growth in 2016 is developing slightly lower than economists’ expectations due to a collapse in oil production and fishing. Peru’s statistical agency, INEI, released data showing the economy  Full Article »

Domino’s Pizza returns to Peru after sanitation scandal
Posted by Jack Dylan Cole on Jul 19, 2016 1 comment

Domino’s Pizza returns to Peru after sanitation scandal

The American restaurant chain, Domino’s Pizza, is reopening stores in Peru one year after withdrawing from the market following a sanitation scandal. The pizza company suffered a reputational crisis in  Full Article »

Peru: Kuczynski calls for protest to save mining company
Posted by Colin Post on Jul 9, 2016 1 comment

Peru: Kuczynski calls for protest to save mining company

President-elect Pedro Pablo Kuczynski has called for mineworkers at Doe Run’s smelter in La Oroya, Junin to march on Congress to extend its liquidation proceedings. Kuczynski visited La Oroya on  Full Article »

State firm confirms another oil spill in Peru’s Amazon
Posted by Colin Post on Jun 26, 2016 1 comment

State firm confirms another oil spill in Peru’s Amazon

The Petroperu-operated Northern Peruvian Pipeline has suffered the third spill this year in an Amazon jungle region in the northeastern state of Loreto. Canal N first reported a possible spill  Full Article »

MSCI keeps Peru as ‘emerging market’
Posted by Colin Post on Jun 17, 2016 Leave a comment

MSCI keeps Peru as ‘emerging market’

Index-fund provider Morgan Stanley Capital International (MSCI) has ruled that Peru will remain an “emerging market” in its widely-followed market classifications. The decision ends a 10-month saga since the world’s  Full Article »

Peru ad agency awarded for low-priced concrete campaign
Posted by Colin Post on Jun 3, 2016 1 comment

Peru ad agency awarded for low-priced concrete campaign

Cement company Unacem and the Carne ad agency won Peru’s 2016 Grand Effie advertising award for its Cemento Apu brand and campaign targeting low-income consumers. The Effie Awards held its  Full Article »