FEBRUARY
20
Ten Top News


Peruvian coffee production for the 2014 harvest year is expected to exceed a total volume of 5.4 million quintals, fueled by the strong recovery in this sector, Peruvian Agriculture and Irrigation Ministry (Minagri) has said. 

Economy


The rate of Peru's GDP growth in January this year is likely to be around 4.8 percent, Banco de Credito del Peru (BCP), Peru's biggest private bank, said on Wednesday. 

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Top 10 News Peru is an agile, well-documented, up to date and diverse publication that is very useful for foreigners as well for us Peruvians that leave in the US. Keep the excellent work. And let's all together broaden its dissemination.

 

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Ivan Rivera

Former Country Director for Andean Region, World Bank


Mining & Energy


Argentine energy firm Tecpetrol will lead a consortium in a bid for a $4 billion natural gas pipeline in southern Peru, a company executive said on Wednesday.

Bidding is set to take place on June 30.

Brazilian engineering giant Odebrecht SA will also bid for rights to build the 1,000-km (621-mile) pipeline, a company official said on Tuesday.



POSCO Engineering and Construction Co. said Thursday that it inked a US$300 million deal to build a power generation plant in Peru.
The contract reached at the South Korean builder's branch office in Incheon calls for the construction of a 720 megawatt gas-fired thermal power plant in Mollendo, some 1,055 kilometers south of Lima.  



Peru's metallic mineral production in December increased in nearly all major metals, while gold, iron ore and cadmium fell.  

Infrastructure


Peru's private investment promotion agency ProInversi�n has launched a consultancy tender for the private co-financed initiative to build a monorail urban transport system in Arequipa's metropolitan area.

The monorail project was presented to ProInversi�n as a solution to Arequipa's transportation problems and consists of the design, construction, operation and maintenance of a 14km system to be implemented above the city's existing roads.

Diplomacy


Amir of Qatar Sheikh Tamim bin Hamad Al Thani held talks here on Thursday with Peru's President Ollanta Humala.
The meeting dealt with bilateral relations between the two countries and means of boosting and developing them as well as issues of common interest, according to Qatar News Agency (QNA).  



President Ollanta Humala invited Israeli entrepreneurs to invest in Peru, using the promising outlook for investment and commercial development the Andean nations offers, it was announced Wednesday.  

The Hague




Peruvian President Ollanta Humala's approval rating rebounded in February to an eight-month high, boosted by an international court's ruling on a maritime dispute with Chile, a poll showed on Sunday.

Humala's popularity rose 7 percentage points to 33 percent, the strongest level since June, according to the Ipsos Peru poll published in newspaper El Comercio.

Tourism


Local tourism authorities report that Tumbes's beaches, food, and beautiful natural landscapes bring visitors from Peru's neighbor to the north.
Environment


Peru's treasured Manu National Park is the world's top biodiversity hotspot for reptiles and amphibians, according to a new survey published last week by biologists from the University of California, Berkeley, Southern Illinois University in Carbondale (SIU-Carbondale) and Illinois Wesleyan University.


Manu National Park is one of the most biodiverse places in the world, but industries like gold mining and gas and oil drilling are threatening its continued existence.
Culture


In the past, most tourists stopped in Cusco, Peru, simply for a quick visit before ascending the peaks of Machu Picchu.

That has changed. Cusco is now a destination for artists and collectors around the world.

The current exhibit at Mattie Rhodes Gallery, co-curated by textile artist Catherine Joslyn and Peruvian-based Nilda Callanaupa Alvarez, shows why.

Sports


Mario V�zquez Ra�a, President of the Pan American Sports Organization (PASO), has congratulated Peru on its "excellent work" so far as it prepares to host the 2019 Pan and Parapan American Games in the capital Lima.
Miscellaneous


Anti-gay bullying is a common problem in schools across Peru, says a new report published by the United Nations Development Programme.

According to the report, homophobic bullying is only part of the problem. When surveyed, more than 42% of self-identified heterosexual students said that they had been victims of bullying. Almost 68% of gay students reported having been bullied at one time or another.



The Peruvian government has been looking for ways to reduce its dependence on natural resources and believes a focus on the ICT industry could facilitate this move. At the end of 2013, the IT industry accounted for around 0.9% of GDP, and we expect this to rise to 1.1% by 2018. The government is pushing initiatives such as the Fibre Optic Backbone Network, StartUp Peru and the One Laptop Per Child policy, which should result in a boost for local IT companies. We believe Peru's IT market will perform strongly over the medium term due to a combination of a supportive macroeconomic environment and growth trends in the IT sector.  


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