Archive for August, 2014

Heavy Machinery Destroys Pyramid in Piura

Housing developers used heavy machinery to destroy an earthen pyramid in Peru’s northern Piura region, according to daily La Republica. The prehispanic El Bosque pyramid was flattened by an earthmover last week, allegedly by workers from a housing project that claims to own some five hectares of land on the archaeological site. The […]

Four ex Premiers Seek Congressional Backing of Premier Jara

Four ex Premiers Seek Congressional Backing of Premier Jara

Threats by opposition parties to refuse to approve the new Premier and Cabinet have led former U.N. Secretary General Javier Perez de Cuellar and three other former Cabinet chiefs to sign a public letter calling for unity and harmony to defend the nation’s democratic system. President Humala’s new cabinet chief, […]

Peru’s Private Sector Still Upbeat on Economy

Peru’s Private Sector Still Upbeat on Economy

Leading members of Peru’s private sector say they are upbeat about the economy for next year, despite reports that growth has fallen to its slowest rate in five years. On Friday, the National Statistics Institute, INEI, reported that the gross domestic product expanded just 0.3% compared to the year-earlier month, well-below expectations. […]

Peru’s Once Red-Hot Economy Comes to a Standstill

The Peruvian economy came to a standstill in June, with gross domestic product posting just a slight expansion. The National Statistics Institute (INEI) said Friday that Peru’s economy expanded 0.3 percent in June versus the year-earlier period, lower than expected. That would be the slowest rate since 2009, and the […]