Some 87 percent of imports from Singapore will enter Peru duty free with the Free Trade Agreement (FTA) signed by Peru's minister of Foreign Trade and Tourism Mercedes Aráoz and the minister of Trade and Industry of Singapore Lim Hng Kiang, in a ceremony carried out at Peru's Government Palace, leaded by the Peruvian president, Alan García.
The FTA agreement was subscribed today by Peru's minister of Foreign Trade and Tourism Mercedes Aráoz and the minister of Trade and Industry of Singapore Lim Hng Kiang, in a ceremony carried out at Peru's Government Palace, leaded by the Peruvian president, Alan García.
Aráoz stressed on the FTA with Singapore will facilitate the purchase of counting edge technology by part of the Peruvian enterprises.
In addition, she said that Singapore is an state city that in the last 40 years has turned into a developed country.
The most outstanding industries of this country are logistics, transport, financial, biotechnology, information technology, among others sectors.
Publication: Andina - English Newswire
Provider: Andina
Date: May 30, 2008
5/30/08
Peruvian rebar prices reach US$1,300/t
Rebar prices have sharply increased in the Peruvian market, with the product being negotiated for around US$1,290-$1,300/tonne delivered, an inside source at steelmaker Aceros Arequipa tells Steel Business Briefing.
As previously reported by SBB, the product was US$1,050-$1,100/t in the first half of April. Notwithstanding, there is no readjustment foreseen in the near future, the source says.
The increase follows hikes in international steel prices and higher raw materials costs.
Furthermore, in order to better supply growing domestic demand, local steelmakers Arequipa and Siderperu have been importing large volumes of rebar, boosting the product’s cost.
Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: May 30, 2008
As previously reported by SBB, the product was US$1,050-$1,100/t in the first half of April. Notwithstanding, there is no readjustment foreseen in the near future, the source says.
The increase follows hikes in international steel prices and higher raw materials costs.
Furthermore, in order to better supply growing domestic demand, local steelmakers Arequipa and Siderperu have been importing large volumes of rebar, boosting the product’s cost.
Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: May 30, 2008
5/15/08
Peruvian company to export sea cucumber to Singapore and Japan
General manager of Hidrobiológicos Perú S.A.C., Rosa Feliciano Rodríguez, announced that this company have established contacts with Singaporean and Japanese businessmen to export sea cucumber, a high demand product in Asian countries for its nutritional value.
Feliciano Rodríguez told Andina that export opportunity was made possible during the Exhibition of Businesswomen's Products and Business Round carried out in Arequipa in the framework of the Asia Pacific Economic Cooperation (APEC) Forum.
"Today, I will meet with a Singaporean company interested in buying sea cucumber, which is high demand product in Asia. We are also schedule to meet with a Japanese company to explore export opportunities", Feliciano Rodríguez said.
She added that this exhibition has also allowed establishing contacts with national companies selling natural medicine products.
Feliciano Rodríguez pointed out that Hidrobiológicos Perú exports different products such as horse mackerel, mackerel, pota, anchovies, shell to Dominican Republic, Italy, Spain, Belgium and Africa.
Publication: Andina - English Newswire
Provider: Andina
Date: May 14, 2008
Feliciano Rodríguez told Andina that export opportunity was made possible during the Exhibition of Businesswomen's Products and Business Round carried out in Arequipa in the framework of the Asia Pacific Economic Cooperation (APEC) Forum.
"Today, I will meet with a Singaporean company interested in buying sea cucumber, which is high demand product in Asia. We are also schedule to meet with a Japanese company to explore export opportunities", Feliciano Rodríguez said.
She added that this exhibition has also allowed establishing contacts with national companies selling natural medicine products.
Feliciano Rodríguez pointed out that Hidrobiológicos Perú exports different products such as horse mackerel, mackerel, pota, anchovies, shell to Dominican Republic, Italy, Spain, Belgium and Africa.
Publication: Andina - English Newswire
Provider: Andina
Date: May 14, 2008
5/4/08
Grupo Yes grows business from clothing brands
Grupo Yes, a Peruvian representative of exclusive clothing brands, posted a turnover in excess of US$10mil in 2007 and predicts a continuation of growth rates of 15% racked up consecutively over the last five years. The plan is to move into the social strata B and C and to open ten stores nationwide over the next three years, explains Tomas Vega, general director of Yes.
He adds that two new brands will be brought to Peru this year and states that the stores will open in Plaza San Miguel, Megaplaza, the new malls going up in Trujillo, Arequipa and Chiclayo, Jockey Plaza and the Parque el Golf de San Isidro (a project handled by Parque Arauco).
Grupo Yes represents the brands Hugo Boss, Givenchy and Trial as well as manufacturing clothing for Perry Ellis and Cacharel via outsourcing contracts. So far in 2008, Yes has invested US$30,000 in an airport store and US$200,000 in bringing Spanish brand Adolfo Dominguez to Peru.
Publication: SABI - Business News
Provider: South American Business Information
Date: May 2, 2008
He adds that two new brands will be brought to Peru this year and states that the stores will open in Plaza San Miguel, Megaplaza, the new malls going up in Trujillo, Arequipa and Chiclayo, Jockey Plaza and the Parque el Golf de San Isidro (a project handled by Parque Arauco).
Grupo Yes represents the brands Hugo Boss, Givenchy and Trial as well as manufacturing clothing for Perry Ellis and Cacharel via outsourcing contracts. So far in 2008, Yes has invested US$30,000 in an airport store and US$200,000 in bringing Spanish brand Adolfo Dominguez to Peru.
Publication: SABI - Business News
Provider: South American Business Information
Date: May 2, 2008
Isonor to build Peruvian transmission lines
Southern Peru has an evident energy problem with the main transmission line heading away from the Mantaro power-plant (Huancavelica) towards Socabaya (Arequipa) close to saturation. To resolve this problem, Pro Inversion yesterday approved the concession regarding a transmission line heading out of Mantaro to Caraveli (Arequipa) and Montalvo (Moquegua). The tender winner is the Spanish consortium Isonor Transmision, made up of Isolux Corsan and Elecnor, which will build the line for US$145.6mil.
Isonor will also build a transmission line from Machu Picchu (Cusco) to Cotaruse (Apurimac) for the second phase of development of the Central Hidroelectrica de Machu Picchu at a cost of U$35.4mil. It will hold the concession on both for 30 years. Pro Inversion had estimated that the two would cost US$330mil in total. Isonor beat off competition from Colombian group Interconexion Electrica (ISA), Terna Participacoes of Brazil and Spain’s Abengoa. It now has 30 months to have the Mantaro-Caraveli-Montalvo and Machu Picchu-Cotaruse lines operating.
Publication: SABI - Business News
Provider: South American Business Information
Date: May 4, 2008
Isonor will also build a transmission line from Machu Picchu (Cusco) to Cotaruse (Apurimac) for the second phase of development of the Central Hidroelectrica de Machu Picchu at a cost of U$35.4mil. It will hold the concession on both for 30 years. Pro Inversion had estimated that the two would cost US$330mil in total. Isonor beat off competition from Colombian group Interconexion Electrica (ISA), Terna Participacoes of Brazil and Spain’s Abengoa. It now has 30 months to have the Mantaro-Caraveli-Montalvo and Machu Picchu-Cotaruse lines operating.
Publication: SABI - Business News
Provider: South American Business Information
Date: May 4, 2008
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