Although the construction sector registered a significant growth of 5.5% in May, according to the BCRP, the Peruvian Chamber of Construction (Capeco) predicts that in June there would have been a drop of 3.3% due to low cement consumption (-5.9%), with the sector experiencing its second contraction during the first half of 2024. Likewise, the […]
Tag: Investment
Mutual funds or real estate: How to generate greater profitability from the CTS?
The free withdrawal of funds from the Compensation for Time of Service (CTS) opens a window of possibilities for workers in the public and private sectors to consider different financial strategies that allow them to generate a greater profitability of the money they will have with this new partial or total until December 31. The […]
Chancay megaport will have a million-dollar economic impact: how to acquire shares or invest?
The Chancay megaport promises to transform the Peruvian economy, given that it will generate a million-dollar impact and create thousands of direct jobs. This ambitious project, in which Volcan and Cosco Shipping Ports have participation, is presented as a key pillar for the country’s logistical and commercial development. It should be noted that Volcan decided […]
Will Open Plaza and Mallplaza merge? What will happen to the shopping centers and how much will be invested?
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. […]
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 […]