Majes Siguas II will leave millionaire losses if it does not materialize. The Arequipa Regional Council (CRA) only has until December 30 to authorize the regional government to sign Addendum 13. After the term, Cobra, the concessionaire in charge of the execution of the agro-industrial project, will begin the expiration process of the contract. That […]
Tag: Arequipa
Arequipa, Apurímac and Cusco do not recover production figures similar to those of the prepandemic
The economic recovery in the south was adverse this year. Cusco, Arequipa and Apurímac register the steepest falls in the country, after Madre de Dios. These figures have been compared with those of the 2019 period, when we did not have a pandemic. The negative growth of Madre de Dios comes from 2017, due to […]
Caja Arequipa, the best microfinance company of 2021
Caja Arequipa consolidated its leadership position this year by being recognized as the best microfinance company in the country. This is thanks to the recognition of organizations specialized in performance evaluation and good governance, as well as clients of the Micro and Small Business sector. A last recognition received has been the one granted by […]
Arequipa: GRA and municipalities only spent half of the budget
By Elizabeth Huanca and Deysi Pari The regional government and municipalities of Arequipa received this year S / 2,542 million 238 thousand for the execution of new projects and continuity of others. However, a few days before the end of 2021, they only executed 52.4% of that amount. To date, according to the Transparency page […]
Southern regions received more than S / 3,465 million in transfers from mining
In the first eleven months of the year, the resources generated by the mining activity that were transferred to the regional and local governments of the south of the country exceeded S / 3,465 million, according to the latest edition of the Mining Statistical Bulletin of the Ministry of Energy and Mines (Minem). The regions […]
Businessmen argue that it would be a catastrophe for Arequipa to lose Majes II
By: Elizabeth Huanca The Arequipa region has investment projects in its portfolio for US $ 7 billion. Of these, the only one that is “just around the corner” and with the flat road to be completed is Majes Siguas II. The rest includes four mining projects valued at US $ 5.4 billion: Zafranal, Pampas de […]
Arequipa: they appoint a liquidator to sell the assets of PrestaPerú owners
Arequipa. For savers affected by the closure of the cooperative Presta Peru In August 2019, the arrest of Los Embaucadores del Sur is the result of their denunciations and constant struggle to recover their savings. After the closure of this financial institution, some 800, of more than 8,000 partners affected, decided to form the PrestaPerú […]
Southern on protests against Tía María: “It is a sincere concern of the population”
Raúl Jacob, CFO of the company Southern Copper, recognized that the concerns of the citizens of Arequipa about the execution of the Tía María mining project are sincere, for which he asked the Government to redouble its efforts to reactivate the dialogue. As part of his presentation at the virtual conference “Mining panorama from the […]
Risk and return
Patricio Quintanilla Paulet, rector of U La Salle A basic principle of finance is the relationship between risk and profitability; Every profitable operation has a risk and as the first one is greater, so will the risk we assume. This week we received the news that the Superintendency of Banking, Insurance and AFP (SBS) has […]
Inflation in the south slowed, but remains above the national average
Inflation slowed down in November from 0.58% to 0.45%, but in the southern regions its percentages are still above the national average. According to the National Institute of Statistics and Informatics (INEI), Apurimac (0.91%), Tacna (0.80%) and Puno (0.80%) are the regions with the highest inflation. The items that registered the most increase were accommodation, […]