Archive for December, 2008

Kuczynski: report on massive job cuts “not exaggerated,” Peru to face dire times ahead

A day after Peru President Alan García labeled a National Society of Industries’ report indicating recent job losses topping 60,000 as “unnecessarily alarming,” Pedro Pablo Kuczynski, former finance minister and cabinet chief under President Toledo, stood vouched for the report’s veracity and warned of difficult times ahead. The National Society […]

by · December 20, 2008 · 0 comments · Business, Lima, Politics

Lake Chinchaycocha threatened by growing contamination of its waters by mine tailings

Lake Chinchaycocha, Peru’s second largest lake, is threatened by growing contamination of its waters by mine tailings, reported daily El Comercio on Friday. The lake, which constitutes central Peru’s largest water reserve, is dying little by little because of mining-related activity and contamination, said Junín Regional President Vladimiro Huaroc Portocarrero, […]

Peru President Alan García urges companies to reduce profits and “survive” rather than cutback jobs and slash salaries

In response to the Lima Chamber of Commerce’s suggested cutting back of wages and daily work hours to help Peruvian entrepreneurs ride out the global financial crisis, Peru President Alan García is urging the Andean country’s top execs to opt instead for profit reduction and “survival.”

by · December 19, 2008 · 0 comments · Business, Commerce, Feature, Lima, Politics

“Kerosene” says former anti-corruption prosecutor pressured him to implicate Fujimori in death squad massacres

A key witness in the human rights trial against ex-President Alberto Fujimori has testified that former anti-corruption prosecutor Ronald Gamarra pressured him to implicate the former leader as the mastermind behind the Barrios Altos and La Cantuta massacres in exhange for prison benefits. “Gamarra can testify to this and he […]