In a business movement that shakes the shopping center sector in South America, Mallplaza has decided to acquire Falabella Peru and thus incorporates the chain of Open Plaza to your portfolio. This agreement allows Mallplaza to expand its influence in 9 cities, in addition to raising questions about the future of commercial spaces in Peru. […]
Tag: Investment
Golden visas, various mechanisms in force around the world to grant residency
Obtaining residency in exchange for investment is a procedure available in numerous countries, some of which, however, have decided to withdraw it or, as Spainmodify it, as announced this Monday by the President of the Government, Pedro Sánchez. Portugal It no longer grants new “golden visas” since October. He had been giving them since 2012 […]
Longitudinal of the Sierra Section 4 arouses interest
Some eight bidders, including national and international companies and consortiums, have presented their documents (envelope No. 1) to be declared as “prequalified bidders” in the tender for the comprehensive project in the Carretera Longitudinal de la Sierra Section 4 concession, reported Proinvestment. The credentials correspond to companies and consortiums of Peruvian, Latin American, European and […]
Saudi Arabia aims to be a tourism power with multi-million dollar investment
Saudi Arabia announced this Tuesday an initiative to promote its incipient tourism sector and attract investments worth up to 42 billion Saudi riyals (US$11.2 billion) aimed at turning the country into “a world tourism power”said the Saudi minister of Tourism, Ahmed al Khatib. This initiative aims to attract private investments “local to international” in tourist […]
The EU will invest 176 million euros to promote digital technologies
The European Commission (EC) launched this Friday a series of calls, financed with more than 176 million euros within the Digital Europe community program, to promote the technology sector of the European Union (EU) and the digital skills of citizens. These calls will be open to companies, public administrations and other entities of the EU […]
Foreign direct investment grew in China at the slowest pace in 30 years, according to indicator
The investment direct from foreign businesses in China increased in 2023 by about US$33 billion in net terms according to a measurement offered by the State Administration of Foreign Exchange (SAFE), the lowest figure in the last 30 years, according to the economic press. This institution disclosed this Sunday the direct investment liabilities in its […]
Fitch: Political unrest slows investment
For more than three years, Peru’s credit rating has been on a negative outlook due to “the continued high level of political uncertainty and further deterioration in governance,” according to Fitch Ratings. Looking ahead to 2024, the behavior of the operational area – technicality with which Fitch refers to the political situation— will still play […]
Short-term expectations are negative 33 months ago
The indecision of Minister Alex Contreras to remain in office anticipated that same day the publication of business expectations for December, a month in which hopes of recovery of the economy in the short term rounded off 33 months in negative territory. In detail, business expectations about the Peruvian economy in the next three months […]
Kurt Burneo: “Without positive expectations, getting out of the recession will take a long time”
After the recession that left the Peruvian economy in 2023, former Minister of Economy Kurt Burneo discerns the opportunities of the new year, in a context in which it will rebound away from the potential that our country once had. He calls for the recovery of institutions to put an end to business pessimism. —What […]
2024 will bring an economic rebound that is insufficient to address social emergencies
The recession will leave us with a hangover so long that it cannot be compared to the one that welcomes millions of Peruvians in these first hours of the new year. Although the official data for 2023—by the INEI— it will only be known in February, it is expected that GDP fell between 0.6% and […]