Hope for poverty reduction in Peru

Peru’s Prime Minister Jorge del Castillo yesterday announced that half a million Peruvians have “escaped from the shadow of poverty” thanks to the country’s sustained economic development.
He stated that the country’s overall level of poverty has dropped from 48% to 44% of the population, while recognizing that some regions are harder hit – for instance, [...]

Record losses on Lima Stock Exchange

The all-time record for losses registered on the Lima Stock Exchange the day before yesterday (around 4%) did not last long – yesterday’s trading made even that drop seem like a minor readjustment.
The General Index (IGRA or IGBVL, the most representative of the exchange as a whole) crashed by 7.59% to close at 18,543 points; [...]

Bus crash outside Lima leaves one dead, 22 injured

A crash between a local bus and a heavy truck left one passenger dead and 22 wounded in Chaclacayo yesterday. The public transport vehicle was headed from the popular weekend destination of Chosica to Lima, about 30km away, when it struck a goods vehicle that suddenly pulled out of a fuel station.
A 19-year-old woman was [...]

Lima bus prices set to rise up to 50%

 
Lima’s urban transport prices may be set to rise by 20-50% due to increases in fuel costs, according to East Lima transport corporation leader Julio Raurau.
He explained that this month’s price increase, by around 80 centimos per gallon, have forced the corporation to conduct a technical study into price increases to offset costs.
He said that [...]

Peru stock exchange takes heavy loss, but analyst remain optimistic

Heavy selling on the Lima Stock Exchange (BVL) today brought about its biggest fall in the past 18 months, with a drop of 3.25% as against yesterday’s close leaving the General Index (IGRA or IGBVL) at 20,066 points.
The Selective Index (ISEL or ISBVL), composed of the 15 most traded shares, fared even worse: it dropped [...]

Pisco to strike against alleged Paracas pollution

Pisco’s Mayor, Juan Mendoza, yesterday revealed that the city will hold a civic strike on June 6th, to protest against Pluspetrol’s alleged pollution of the Paracas Bay.
He described the move as a call for the national government’s attention regarding the situation of his community, and that a decision will then be made as to [...]

Amnesty International: Fujimori cannot be trusted

Peru’s Amnesty International Director Ismael Vega has said that it is hard to believe that fugitive ex-President Alberto Fujimori will abide by the decision of the Chilean courts if they rule in favor of his extradition to Peru, given his track record of dishonesty.
“You cannot believe Fujimori. He can say that he will respect the [...]

Combi accident in Huanuco leaves 5 dead, 4 injured

Four people were killed, among them a five-year-old child, when a combi fell from the Central Highway into the Huallaga River in Huánuco region.
The accident occurred near Huancahuasi in the province of Ambo when the driver lost control of the vehicle, which was headed from Huánuco to San Rafael. Police attribute the accident to excessive [...]

Techno group Néctar wiped out in Argentina

All nine members of the Peruvian pop group Néctar died in a road accident in Buenos Aires in the early hours of this morning. Front men Jhonny and Enrique Orozco were killed instantly, along with group manager Juan Murillo. No member of the group survived.
Investigations are underway to determine the cause of the accident, which [...]

Unidentified toxic spill in Cajamarca

The Cajamarca Regional Civil Defense Committee held an emergency with the local government yesterday to arrange the immediate response to the finding of a toxic material that may be mercury.
Miguel Alva Cárdenas, of the committee, told press that an investigation is underway to determine what the substance is, and how it came to be deposited [...]