Archive for August, 2015

Economy: Immediate Outlook Slow with Pickup maybe for 2017

By Nicholas Asheshov — The big swings on the stock exchanges in New York, Europe, China and Japan are telling the Lima financial market that there will be no uptick  in the Peru economy for this year and most of next. There are two reasons, one planet-wide, the other homegrown. […]

Peru is Emerging, not Frontier, Government Says

A mission led by Finance minister Alonso Segura is to ask Morgan Stanley’s international capital markets division — Morgan Stanley Capital International — to reinstate Lima’s stock market, the BVL, as an Emerging Market, EM. Morgan Stanley earlier this month told its clients, and Bloomberg, that it would be downgrading […]

Study shows Machu Picchu can receive more than 5,900 daily visitors

Study shows Machu Picchu can receive more than 5,900 daily visitors

A new government commissioned study reportedly shows Machu Picchu can handle up to 5,940 visitors per day as long as Peru implements infrastructure improvements and spreads out the flow of tourists as prescribed in the recently approved five-year master plan. The U.S.-based firm Cultural Site and Research Management of Baltimore, Maryland, delivered the report on Monday to […]

Humala Backs Legislation to Intercept Drug Planes

Humala Backs Legislation to Intercept Drug Planes

President Ollanta Humala is backing legislation that was approved in Congress last week that would allow the Armed Forces to intercept suspected drug trafficking airplanes, and shoot them down if they refuse to obey orders to land. “I think it is a positive issue because it is going to be a […]