Just over two years ago, the minimum wage (RMV) in Peru rose to S/95 to S/1,025. With the passage and weight of inflation and blows to the economy, the amount has become obsolete, according to the working mass. A year ago, the president Dina Boluarte He promised to raise the RMV as long as national […]
Tag: Dina Boluarte
Poverty in Peru: Towards a new “normality”? by Javier Herrera
Since 2021, the year in which the Government promised “no more poor people in a rich country”, to date, the living conditions of the population have not only not improved, but have embarked on a divergent path towards worsening, and this in the different dimensions of poverty, whether monetary or non-monetary. A new dynamic has […]
Citi: Peruvian government’s unpopularity limits investors
Dina Boluarte’s first year in office brought the worst GDP result in just over three decades —not counting the pandemic—. The numbers fuel social discontent towards Pedro Castillo’s successor: poverty reached a third of the population, wages stagnated, precarious employment predominated and private investment, which drives 80% of the total, fell by 7.3%. Following the […]
Citi: “Investors wonder how Dina Boluarte can stay in power”
Because only 5% of Peruvians approve of President Dina Boluarte, despite the “rebirth of private investment,” foreign capital is wary of our market due to political tension. Join the Whatsapp channel Citi expects the Peruvian economy to grow 2.4% this year — maintaining its previous projection — with a marked upward bias thanks to the […]
The effect of the restart of Tía María on the local mining project portfolio
Following up on the announcement by Raúl Jacob, vice president of finance at Southern Perú Copper Corporation, Tía María has resumed operations in Peru with a view to turning the company into one of the most important copper producers (a metal currently quoted at over US$4.4 per pound) in the region and the world. But […]
Peru and China conclude final negotiations to improve FTA after Xi Jinping’s meeting with Dina Boluarte
Peru and China signed a memorandum of understanding on the substantive conclusion of negotiations for the optimization of the FTA between both countries after the meeting between Presidents Dina Boluarte and Xi Jinping in Beijing. During the visit of the head of state of Peru, the leader of the Asian giant asserted that both nations […]
Dina Boluarte confirms Xi Jinping’s visit to Peru to inaugurate the Chancay megaport
President Dina Boluarte confirmed from China the visit of the president of that country, Xi Jinping, for the inauguration of the Chancay megaport, scheduled for November 2024. From Shanghai, the head of state assured that the Cosco Shipping company, responsible for the construction and future operation of the terminal north of Lima, will find a […]
Chancay Port will have the same technology as Shanghai Port, the largest in the world, according to Cosco Shipping
The Chancay megaport is close to being inaugurated and is already generating great expectations in the commercial and economic impact it will have in Peru and throughout South America. The Chinese company in charge of construction is Cosco Shipping Corporation Limited. According to its president, Wan Min, this work will become an important gateway for […]
Not only Peru: these are the South American countries that seek to use the Chancay megaport, according to the MEF
The Ministry of Economy and Finance, José Arista Arbildo, assured that Chancay will be the largest megaport in South America and that three countries in the region are currently looking for mechanisms so that their vessels can also operate in this megaport. The head of the MEF highlighted the opportunities opened by this project, which […]
Minister of Economy José Arista: “we maintain our growth projection of 3.2% for this year”
The Minister of Economy and Finance (MEF), José Arista Arbildo, mentioned that it remains optimal in terms of the growth of the Gross Domestic Product (GDP), aiming to grow more than 3.2% in the coming months. “The second semester is going well, we believe that the fundamentals that maintain this growth The 5.3% seen in […]