Commerce

APEC Aims to Double Tourist Flow By 2025

Tourism ministers from 21 Asia-Pacific Rim countries meeting in Lima this past week have agreed to work together to double the flow of tourists by 2025, to 800 million per year. The APEC agenda includes increasing flight connections and facilitting greater access to destinations.  Mexico’s representatives indicated that there is also a […]

Access to Central Highway Resumes Slowly

Access to Central Highway Resumes Slowly

Sections of the Central Highway have begun to be opened between Lima and La Oroya, as work continues to clear the damage to the road and the railroad track caused by flash floods and landslides along more than 120 kilometers of the highway between Matucana and the La Oroya mining town. […]

Backus Gives AB InBev Monopoly of Peruvian Beer Market

Backus Gives AB InBev Monopoly of Peruvian Beer Market

The acquisition by Belgium’s Anheuser-Busch InBev of its major competitor, the London-based South African brewers SAB Miller, is being called the third largest merger-acquisition in history, with an offer of $109 billion for SAB Miller.  (The other two historic M&As are the Vodafone AirTouch-Mannesmann deal of $172 billion in 1999 and Verizon […]

Organized Crime Prints Counterfeit Money in Lima

Organized Crime Prints Counterfeit Money in Lima

Four international gangs are printing counterfeit money in Lima, according to reports from Fraud Investigation police to daily Peru21. One of the organizations is headed locally, police say, by Ñique Quispe, who is serving a prison sentence in Lima. He was wanted in the United States, and part of his […]