AUGUST
22



 

Formal employment rate in private companies with ten to more workers recorded a 2.4 percent year-over-year increase in the Peruvian urban area in June 2014, the Labor and Employment Promotion Ministry (ENVME) has reported.

Thus, with the above-mentioned figure June was the 55th straight month of job growth in the formal sector of the economy, according to the sector's national survey of employment monthly variation figures.

Economy & Trade


The Peruvian economy, one of the strongest in the region, is set to rebound to 6 percent next year and, thus, surpassing, among others, Colombia, Chile, Mexico, Uruguay and Brazil, Finance Minister Luis Miguel Castilla said on Wednesday.
 



Peru's Central Bank is to lower its forecast for economic growth again this year, the monetary authority's general manager said.

The Central Bank's Renzo Rossini said Wednesday that Peru's gross domestic product will likely expand by 4 percent in 2014, rather than the 4.4 percent it previously forecast, according to news site El Economista. 



The production of textiles in Peru expanded 2.3 percent in the first half of 2014, following a 2 percent gain in June, according to data released on Wednesday by the National Society of Industries (SNI).
 

Mining & Energy


 

Peru's Ministry of Energy and Mines (MEM) is set to take part in the 11th Energy Ministers Meeting (EMM) of the Asia Pacific Economic Cooperation (APEC) trade group, to be held on 2-3 September 2014 in the city of Beijing, China.
 



 
Peruvian mining firm Compania de Minas Buenaventura has acquired the 51 percent stake of the Chucapaca gold project from its South African joint venture (JV) partner Gold Fields. 

Politics


Peru's President Ollanta Humala failed to find enough support in Congress to ratify his new cabinet on Thursday after key conservative allies withheld votes, underscoring his waning political power as the economy slows.

The crisis threatens to topple Humala's sixth cabinet as opposition lawmakers attack the new prime minister, as well as the finance minister and energy and mines minister.

Technology


ASBANC, Peru's National Bank Association, has chosen Ericsson's Wallet solution to power next-generation mobile financial services aiming to include 2.1 million unbanked Peruvians within 5 years.
 



The social network giant, Twitter, is used in a linguistics study to compare Spanish dialects.
As the world becomes more interconnected and accessible with technology, many of us have picked up a second language, or two. It has become expected that future generations receive a second language course from a young age so as to be prepared to enter the work force that has become so internationally intertwined.
 




Fight against Drugs

 



Rather than to simply eradicate the notorious crop, farmers are shown a profitable alternative.

A nearly ritualistic experience when one travels to the Peruvian highlands is to sip on coca tea. Many Peruvian residents may even have boxes stashed away to brew on cold winter evenings. This form of consumption of the coca plant however accounts for a miniscule percentage of its overall use, whereas over 90%, according to statistics from the National Commission for a Drug-Free Life (DEVIDA), is linked with illegal drug trafficking.
 



Peru's anti-drug police eradicated nearly 75,000 marijuana plants in the country's north-central Huanuco region, it was reported on Thursday.
 

Photography


 

As she sat looking at tables piled high with files of images, Silvia Spitta commented, "I found myself sifting through a myriad photographs feeling epistemologically adrift and existentially alone amid what began to feel like a massive intrusion of the past in my life." A professor of Spanish and comparative literature at Dartmouth College, the United States of America, Spitta was working on the Andean Photography Archive (Fototeca Andina), located in Cuzco, Peru. With more than 35,000 glass plate negatives taken by 40 photographers, she knew that she had at hand "an authentic visual testimony" of the region.  


Gastronomy
 


 
The new Peruvian restaurant on H Street NE, Ocopa, set sail with two strengths.

One is a chef, Carlos Delgado, who knows whereof he cooks, having grown up in the port city of Callao, west of Lima. There, he indulged daily on fish with his late grandmother.

The other boon is the restaurant's owner-investor. I S Enterprise, a construction and contracting firm, owns the building that houses Ocopa and created the rustic look that defines the narrow restaurant.



This year's edition of Mistura food festival, the premier event of Peru's culinary industry, will feature as guest speaker to the leader of the Slow Food movement and Italian activist, Carlo Petrini, the fair planning committee has said.

Tourism




Occasionally, a visit to Peru from a multimillionaire like Bill Gates or a Hollywood star such as Antonia Banderas becomes the news of the day rather quickly. But the fact that our country is a preferred destination for people with several million in their bank account doesn't seem to be a surprise any longer.

As reported by The Independent, Peru is one of the favorite places to visit for multimillionaires around the world, according to an exhaustive analysis by the renowned travel agency Brown & Hudson.



Three staggeringly different landscapes inside one country.
The Peruvian landscape is marked by three major climates: the coastal desert, the high Andes, and the Amazon rainforest. Each locale is uniquely dramatic in its own way and contains must-see tourism attractions that are not to be missed. Where else can you from one of the driest places on earth (the desert coast) to one of the wettest (the Amazon)?
Sports

 


 

Peru's national Under-15 football team booked their place in the semi-finals of the 2014 Summer Youth Olympic Games after a thrilling day's action in Group C at the Jiangning Sports Centre Stadium.



The young �judoka�shines bright and makes Peru proud with country�s first medal from event.
At the young age of seventeen, Brigith Gamarra has been a great representation of Peru while competing overseas in the 2014 Summer Olympic Youth Games. Gamarra is in Nanjing, China to compete in judo; more specifically, the 52kg category.
Miscellaneous


Peru's government has collected almost 600,500 soles (US$230,000) from the sale of gold watches and other jewelry owned by jailed ex-spy chief Vladimiro Montesinos, daily La Republica reported. 


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