Tag: Peru

Peru
Tuesday, July 29th 2014 - 05:17 UTC

Peru announces increase in government spending to prop the economy

“We have to grow more, to continue generating wealth and jobs,” Humala said in a speech to the nation that marked Peru's Independence Day

Peru's President Ollanta Humala said on Monday that his government is countering slow economic growth by boosting public spending on improved wages and better benefits for public health, education and security workers.

Thursday, July 24th 2014 - 06:27 UTC

Revolving cabinet: Humala names sixth prime minister in three years

Prime Minister Ana Jara (R) is very close to the influential First Lady, Nadine Heredia (L)

Peru's President Ollanta Humala has named his sixth prime minister in three years in a surprise cabinet reshuffle that elevated two core members of his ruling party after an embarrassing political scandal.

Thursday, July 24th 2014 - 06:18 UTC

Humala signs contract for pipeline that will make Peru a leading gas exporter of the region

President Humala said after the signing ceremony that the deal is an historic milestone for natural gas development

The consortium made up of Spanish energy company Enagas and Brazilian construction giant Odebrecht signed a contract on Wednesday with Peru's Energy and Mines Ministry for the construction and operation of a natural gas pipeline that will run from the Camisea gas fields to the Pacific port of Ilo.

Saturday, July 5th 2014 - 09:32 UTC

Moody's confirms Peru as one of South America's strongest economy

Minister Ghezzi pointed out that Peru had become one of the countries with “the lowest credit risk in the world”.

Peru's sustained macroeconomic performance has been recognized through the recently announced upgrade to A3 of its sovereign debt by Moody’s Investors Service. According to the credit rating agency, Peru' government debt was lifted two notches to A3 from Baa2, with a stable outlook for the economy.

Saturday, July 5th 2014 - 09:26 UTC

Peru Interior minister accused of killing a journalist in 1988; refuses to resign

The former military officer Daniel Urresti has the support from President Humala (L)

Peru’s newly named interior minister has acknowledged being formally accused of murder in the 1988 killing of a journalist when he was a young army intelligence officer fighting Shining Path rebels. But Daniel Urresti faced reporters and proclaimed his innocence and said he had no plans to resign.

Tuesday, June 10th 2014 - 13:43 UTC

Machu Picchu the destination most world travelers want to see

Machu Picchu was the top pick of Hostelworld.com users, followed by the Full Moon Party in Thailand and South Africa's Kruger National Park

A travel Web site has selected the Inca citadel of Machu Picchu in southeastern Peru as the destination that world travelers most want to see, Foreign Trade and Tourism Minister Magali Silva said.

Monday, May 12th 2014 - 23:51 UTC

Lima ranks as the Latin American with best reputation for making business

Despite the positive conditions, Lima also has to deal with red tape and insufficient tourism infrastructure

Lima, capital of Peru outstands as the leading Latin American city to make business, followed by Santiago de Chile, Buenos Aires, Argentina and Sao Paulo, Brazil, although these last two actually dropped from the previous ranking, according to an annual list made by the Bogotá Rosario University.

Monday, April 21st 2014 - 07:47 UTC

Peruvian fish meal and fish oil companies losing money, claims the industry

SNP president Elena Conterno blames fishing quotas and new regulations

Out of a total of 12 Peruvian companies in the fishmeal and fish oil industry, only two recorded profits during 2013, while the other ten accumulated a loss equivalent to 87.4 million dollars, according to the country's National Society of Fisheries, SNP.

Saturday, April 12th 2014 - 08:06 UTC

Peruvian president Humala honoured as “Statesman of the Year” in Canada

Humala meets Prime Minister Harper: 'Canada a strategic partner' for Peru

Peruvian President Ollanta Humala at the end of his three day visit to Canada was honoured in Toronto by the Canadian Council of the Americas with the “Statesman of the Year” annual award. On thanking the award President Humala said that Peru during this year is expected to expand over 5.5% while investment is set to increase by 8%.

Monday, March 31st 2014 - 19:42 UTC

Uruguay and Peru in line for a possible upgrading, according to Moody's

Uruguay central bank with sufficient reserves to cover 18 months of debt payments plus contingent funds

Uruguay and Peru are the first Latin American countries in line for a possible credit rating hike by Moody's Investors Service, at a moment when sovereign upgrades are expected to become more scarce in the region, a senior analyst with the ratings firm said.

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