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Peru is among the first in a list of ten countries set to take over as emerging economies from the powerful BRICS nations, a French credit body has said. The top five includes Peru, the Philippines, Indonesia, Colombia and Sri Lanka, which boast "strong potential confirmed by a sound business environment," Coface said. |
 If natural resource development is properly managed, the associated revenue can be used to speed up growth, reduce inequality, and lift people out of poverty, according to the International Monetary Fund (IMF).
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 Peru's economy and finance ministry (MEF) approved a 10bn yen (US$97.8mn) loan from the Japan International Cooperation Agency (JICA) for zones affected by natural disasters.
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Peru's new energy and mines minister said the government is working on a package of reforms to speed up permitting for investments, including exempting some oil exploration projects from environmental impact studies.
Eleodoro Mayorga, a former World Bank petroleum economist who became President Ollanta Humala's third energy and mines minister in a cabinet reshuffle last month, said environmental permits can be needlessly burdensome in Peru.
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Peru is carrying out an unprecedented prior consultation on 26 Amazon blocks it plans to auction by end-2014.
Prior consultation gives investors greater confidence as it ensures that local indigenous populations have approved of the projects, said hydrocarbons agency Perupetro president Luis Ortigas at regional oil and gas conference LatinVE&P in Lima.
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Americas Petrogas Inc. and its subsidiary, GrowMax Agri Corp., are pleased to announce that the Board of Directors of the Agency for Promotion of Private Investment of the government of Peru ("ProInversion") has authorized the Peruvian state-owned company Activos Mineros S.A.C. and the Executive Director of ProInversion to execute the transfer agreement granting the Bayovar mineral concessions to Americas Petrogas' Peruvian subsidiary.
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The Peruvian government concluded roundtable talks on infrastructure projects with communities near Vancouver-based Candente Copper's US$1.47bn Ca�ariaco Norte copper-gold project.
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Illegal miners and police have clashed in Peru over a government crackdown on unauthorised gold mining. Police launched tear gas canisters at protesters, who threw them back. Protesters overturned a car at one point during the demonstration.
There have been numerous protests since the miners' equipment was seized by the authorities.
Wildcat mining has been blamed for reducing rain forests to toxic deserts and for polluting rivers with mercury to isolate gold.
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Exports of organic products from Peru are projected to total US$30 million this year, up 13% from 2013, according to Peru's export and tourism agency PromPeru.
Arturo Zevallos, who works for the Export Promotion Department at PromPeru, said the Peruvian exports of organic products grew 5% to US$ 236.5 million in 2013.
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Peruvian President Ollanta Humala visited the country's northern La Libertad region on Wednesday to inaugurate improvements on the Trujillo-Shiran-Huamachuco highway, which will benefit more than 459,000 people.
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Peru and Chile on Tuesday signed an agreement which establishes the final coordinates of the two countries' new maritime boundary, as requested in the verdict handed down by the International Court of Justice (ICJ).
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February has ended and with it, the rainy season, making the famous Inca Trail once again accessible. The most conventional and recommended to the average traveler is the four day trek, divided into three camps. You have to get in touch with the authorized operators to do the trek, and they will look after all the necessary arrangements. |
Having grown up eating fresh cheese every day, two Peruvian brothers living in Shizuoka Prefecture were inspired to go into business making the dairy product they had found to be scarce upon their relocation to Japan.
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 A CNN report about the great horses race in Latin America. [Click on the image].
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In Pasaje 18 of Lima's Polvos Azules shopping mall, you'll fi
nd racks of DVD burners humming away while fluorescent lights cast their glare across the glitter of thousands of bootleg movies in telltale cellophane wrappers. It looks like a scene right out of cyberpunk. But for many Peruvians, whose access to alternatives like Netflix is hampered by some of the slowest internet speeds on the globe, bootleg DVDs remain a primary source for accessing current movie releases.
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