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The Peruvian government has appointed economist and politician Luis Miguel Castilla, former Finance Minister of Peru, as its new Ambassador to the United States, according to a supreme resolution published in the official gazette El Peruano. The new Extraordinary and Plenipotentiary Ambassador to the United States of America will replace incumbent Harold Forsyth, who finished a five-year stint abroad in November. |
Peru's economy is poised to rebound in 2015 after growing its least in five years last year as sliding commodity exports crimped investment, analysts said Tuesday.
Growth will recover in 2015 after picking up in the second half of 2014, Flores added, predicting an expansion of 4 percent to 4.5 percent.
That's less than the 5 percent Finance Minister Alonso Segura expects Peru to grow.
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Peru's economy expanded at the slowest pace in five years in 2014 after a slump in copper exports hurt investment, President Ollanta Humala said.
GDP grew 2.6 percent to 2.7 percent, less than half the pace of 2013, Humala said in an interview with RPP.
Humala's government cut taxes and increased public investment last year as China curbed purchases of copper, Peru's biggest export. GDP will rise 5 percent in 2015 as investment picks up, Finance Minister Alonso Segura told state news agency Andina Dec. 31.
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The Peruvian government, which has passed four economic stimulus packages, plans to announce another set of investment incentives in its drive to spur the economy, a senior official said.
"We'll shortly be making announcements about private initiatives and the new round of initiatives that will be presented this month and in February," finance minister Alonso Segura told state gazette El Peruano.
ProInversi�n, the state agency in charge of promoting private investment, has already lined up US$26.7bn in infrastructure investment projects, not including line No.3 of Lima metro, Segura added.
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Ecuador announced the adoption of economic measures that would apply a customs duty of 7% to Peruvian exports and 21% to Colombian exports, causing confusion and discontent among its Andean Nation countries.
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The President of Peru, Ollanta Humala, on December 30, 2014, enacted a law which cuts income taxes for workers and businesses with the aim of stimulating the economy. The law, which came into effect on January 1, 2015, cuts the rate for the two lowest categories of personal income tax - those earning monthly salaries of between PEN2,000 (USD669) and PEN4,000 - from 15 percent to eight percent.
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New markets will be added to the range of Peru's agricultural export destinations.
Among those are highlighted Mexico, South Korea and Japan, informed the Association of Agricultural Producers Guilds Association of Peru (AGAP), Maria Deustua.
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Peru agro exports might have totaled US$ 5.3 billion by the end of 2014, a 21% rise compared to the previous year, said Agriculture and Irrigation minister, Juan Manuel Benites.
This growth was driven by the demand of non-traditional products in international markets and the increased export free-on-board price.
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Peru's Ministry of Agriculture and Irrigation's (Minagri) Mi Riego fund has approved up to S/.286 million (about US$95.6 million) for the implementation of 41 works and studies in the southern region of Ayacucho.
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Understanding of the El Ni�o-Southern Oscillation (ENSO) is evolving as scientists unearth new data sources. In a study recently published in Science, scientists turned to the discarded remains of shellfish for a 10,000-year record of eastern Pacific ENSO activity, which offered glimpses into unexpected past ENSO behavior and intensity. Studying ENSO activity over the past 10,000 years offers indications of how it has operated under diverse climatic conditions and how it may change in the future. |
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A better reason to visit Peru would be the cuisine. Of course, I'm making this judgment having eaten only at Miraflores (28-3 Sakuragaokacho, Shibuya-ku, Tokyo; 03-3462-6588; www.miraflores-shibuya.jimdo.com). This may seem hasty, but I just have a feeling in my gut that it's likely to be Tokyo's best approximation of the ubiquitous picanterias (eateries) that dot the length of the country - places of far more intrigue than any pile of Inca ruins - where you'll find steaming plates of roasted cattle hearts and bowls of pounded papa a la huancaina - sliced potatoes enveloped in a spicy yellow pepper sauce with a silky, Bechamelesque consistency |
The backpacker's experience is unlike any other however, as Gerard Kelly discovers, a little taste of luxury never hurts. |
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