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Tag: FEM

Minem urges the MEF to give absolute support to Petroperú

Minem urges the MEF to give absolute support to Petroperú Minem urges the MEF to give absolute support to Petroperú

After that in the last General Meeting of Shareholders of Petroperú, the Ministry of Economy and Finance (MEF) stated that it does not endorse the board of directors or the administration of the state company, the Ministry of Energy and Mines (mine) seeks that said portfolio gives its absolute support. For this reason, a General […]

S&P downgrades Peru’s credit rating to “BBB”

S&P downgrades Peru’s credit rating to “BBB” S&P downgrades Peru’s credit rating to “BBB”

The financial rating agency Standard & Poor’s (S&P) announced this Friday that it downgraded Peru’s long-term foreign currency debt rating from ‘BBB+’ to ‘BBB’, being the second lowest rating in investment grade. Among the rating agency’s arguments for this review is that the persistent political paralysis in Peru is weakening efforts to maintain solid investor […]

MEF denies Petroperú and points out that it has not supported the board of directors or the general manager

MEF denies Petroperú and points out that it has not supported the board of directors or the general manager MEF denies Petroperú and points out that it has not supported the board of directors or the general manager

After Petroperú announced, through a statement broadcast on all its official channels, that the board of directors has been endorsed by the General Meeting of Shareholders (JGA), made up of the Ministry of Energy and Mines (Minem) and the Ministry of Economy and Finance (MEF), the latter rejected this statement and, on the contrary, stated […]

Board of Directors of Petroperú and Hugo Chávez are endorsed by the MEF and Minem

Board of Directors of Petroperú and Hugo Chávez are endorsed by the MEF and Minem Board of Directors of Petroperú and Hugo Chávez are endorsed by the MEF and Minem

as anticipated The Republicthe General Meeting of Shareholders (JGA) of Petroperú, made up of the Ministry of Economy and Finance (MEF) and the Ministry of Energy and Mines (Minem), in a session held yesterday, March 16, gave its support to the Board of Directors and the Company Administration, according to a statement sent today by […]

Petroperú in crisis: MEF and Minem convene a Shareholders’ Meeting

Petroperú in crisis: MEF and Minem convene a Shareholders’ Meeting Petroperú in crisis: MEF and Minem convene a Shareholders’ Meeting

Almost a month after the inauguration of the only energy megaproject in recent years: the new Talara refinery, its operator Petroperu it is headed to fall into default, and without hints of correction from its directors and neither from its owners, that is, the State itself. downgrade The day before, Standard & Poor’s (S&P) reduced […]

The Comptroller summons the MEF and Minem before Petroperú’s rating downgrade

The Comptroller summons the MEF and Minem before Petroperú’s rating downgrade The Comptroller summons the MEF and Minem before Petroperú’s rating downgrade

After Standard & Poor’s (S&P), as a result of the lack of financial transparency and the weakening of governance, lowered its long-term rating on Petroperú from BBB- to BB+, a step where junk bonds are located, the Comptroller General of the Republic announced that it has convened the heads of the Ministry of Economy and […]

Fuels will rise more than 14% this week

Fuels will rise more than 14% this week Fuels will rise more than 14% this week

Fuels will rise by more than 14.00% this week, according to the latest reference price report published yesterday by Osinergmin. A) Yes, diesel for vehicular use (diesel B5 0-2500 ppm) will become more expensive by S/ 1.78 (14.57%) and will reach S/ 14.34 per gallon. Meanwhile, the gasohol of 97 will go from S/ 11.42 […]

BCRP: Annual fiscal deficit in February was 2.4%

BCRP: Annual fiscal deficit in February was 2.4% BCRP: Annual fiscal deficit in February was 2.4%

The Central Reserve Bank of Peru (BCRP) reported that the annual fiscal deficit continues to decline, going from 8.9% of GDP in February 2021 to 2.4% of GDP. GDP in the second month of the current year. This is mainly due to the growth in current income of the General Government, due to the favorable […]

Fitch downgrades Petroperu’s debt rating to ‘BBB-‘

Fitch downgrades Petroperu’s debt rating to ‘BBB-‘ Fitch downgrades Petroperu’s debt rating to ‘BBB-‘

The agency Fitch Ratings decided to lower Petróleos del Perú’s (Petroperú) long-term local and foreign currency issuer default ratings (IDR). In this way, it went from a rating of ‘BBB’ to ‘BBB-‘. It also downgraded Petroperú’s senior unsecured notes to ‘BBB-‘ from ‘BBB’. Meanwhile, the IDRs and notes have been placed on Rating Watch Negative […]

Economy Commission approves the insistence of the return of contributions from Fonavi

Economy Commission approves the insistence of the return of contributions from Fonavi Economy Commission approves the insistence of the return of contributions from Fonavi

With 7 votes in favor and 4 against, the Economy CommissionBanking, Finance and Financial Intelligence of the Congress of the Republic approved the opinion by insistence that modifies the Law that guarantees the fulfillment of the return of money from Fonavi, prioritizing the vulnerable population, as a consequence of the COVID-19. In this way, the […]

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