Friday, April 02, 2004
Trouble Reading Peruvia? Press 'F11' key near top of your key board twice.
A Sad Story: For all those with sadistic tendencies, the Spanish-language USA channel Telemundo will be re-broadcasting the Perú vs Colombia World Cup qualifying match tomorrow at 4:00pm (ET)/1:00pm (PT). (See 'Bad News' in yesterday's Peruvia.)
Golden Numbers: Dow Jones focuses on the rising price of gold that has "sparked a new gold rush in Peru, pegged to become the world's fifth leading producer of the precious metal by 2005." Companies invested $130 million in exploration last year, compared with $49 million in 2002. Output was 11,000 kgs in 1989 and could reach 180 metric tons in 2005. Quoted in the story are Bob Baxter (Chariot Resources), Carlos Galvez, (Minas Buenaventura). Also mentioned: Yanacocha, La Zanja, Las Bambas and the Alto Chicama.
War of the Pacific, cont: China's Xinhua Net pushes a story on the cover of several Peruvian dailies: "Alejandro Toledo reiterated on Thursday the existence of the maritime border dispute with Chile." While Chile leans on some 1954 accords, "Toledo said the bilateral ties and friendship could be boosted if Chile recognized the controversy and adopted the most apropriate means to solve the dispute."
Exports:
- Namibia's New Era reports that Peru is threatening their grape production: "Today we have realised that increased competition from new early table grape-producing countries such as Brazil and Peru means that we must focus more on quality and yield rather than earliness of harvest."
- Washington State's Tri-City Herald states that "[Asparagus] Growers and processors have been battered for the past seven years by low-priced imports from Peru and high labor costs," according to Alan Schreiber, executive director of the Washington State Asparagus Commission. The United Press International gets on the band-wagon as well and leads with "Cheap labor in Mexico and Peru is threatening the existence of California's asparagus industry, which has abandoned a third of its acreage in three years," following up an earlier story by the Los Angeles Times. (See 'Tensions Over Asparagus' in Wednesday's Peruvia below.)
- A Maryknoll magazine profiles Karen and Jim Halberg Weaver, Maryknoll Lay Missioner and their work in Casa Karibu Sze-Ming in Peru's altiplano.
Macro/Micro Econ:
- Reuters reports that the "March tax revenues rose 13.1 percent in inflation-adjusted terms to 2.086 billion soles ($603 million) compared with the same month in 2003, bolstered by a new duty on banking transactions," according to SUNAT's Nahil Hirsh.
- Reuters reports that Peru "will in a few weeks send the International Monetary Fund proposed economic targets to qualify for a new stand-by credit line," according to Peru's Deputy Finance Minister Kurt Burneo.
- The Miami Herald (fourth item) repeats yesterday's low inflation reports. (See yesterday's Bloomberg report in Peruvia below.)
- Reuters reports that Sempra Energy International and Public Service Enterprise Group "sold 12 percent of the shares they own in Peru's power distributor Luz del Sur for 216.2 million soles (US$62.4 million)."
- BNAmericas relays that Minera Buenaventura "reported a net profit of US$48.2mn in 2003." However, this is bad news because it was "56.3% less than the US$110.5mn obtained in 2002." It names 'derivatives' as the culprit.
- BNAmericas reports that "a user protest group told national government representatives at a public meeting that there should be 'absolutely no participation from the private sector' in Peruvian capital Lima's water utility Sedapal," according to Flavio Ausejo, a representative of waterworks regulator SUNASS. This comes, in part, as a response to P-PK's remarks that "more private involvement could be sought for the country's water sector to improve coverage."
Peruvian Food: Portland's Colombian reviews Andina Novo, a Peruvian restaurant attracts "well-heeled, chic diners willing to invest in $12 entrees at lunch." In addition: "Thanks to diverse climate and geography encompassing a long coastline, jungles, highlands and mountains, Peru's cuisine embraces a varied palate of ingredients." NOTE: Last Friday, the Washington Post reviewed The Nibbler, "a Peruvian restaurant, run by the German former executive chef of a major (then) Japanese-owned Washington hotel and his Filipino wife, with a name that sounds like a salad bar but which serves the heartiest of South American comfort fare."
The Arts:
- Colorado's Post Independent reports on the Aspen Filmfest's Shortsfest which will include the Spanish film, Night in Lima. Film Synopsis: A once-aspiring photojournalist, Marko recalls the pivotal moment when dreams, death, insomnia and intoxication precipitated his ultimate retreat. Set in Lima, Peru, 1992, amidst the Shining Path's final wave of violence, Marko learns about the fleeting quality of life through an encounter with Rivera, a camera mercenary hooked on the adrenaline of the front line." The 15-minute film is directed by Carlos Carcas.
- San Diego's Union-Tribune relates that Leanne Michael will "interpret this year's signature piece, 'Four o'Clock or The Marvel of Peru,' a Moghul still-life from about 1640" at the San Diego Museum of Art's 23rd annual 'Art Alive' exhibition which opens today.
Lies about 1956: - Colorado's Gazette leads a story with: "It's not every day a country calls time out in the middle of a civil war to watch a few basketball games. Legend has it that's what happened for four days in Peru in 1956 when the Harlem Globetrotters played there for four days." Where in the world are such 'legends' perpetuated? Try the Official Harlem Globetrotters Timeline where they claim: " Peru: a nasty civil war is put on hold for four days to allow the Globetrotters to play a few games. When the team's plane departs the war resumes."
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A Sad Story: For all those with sadistic tendencies, the Spanish-language USA channel Telemundo will be re-broadcasting the Perú vs Colombia World Cup qualifying match tomorrow at 4:00pm (ET)/1:00pm (PT). (See 'Bad News' in yesterday's Peruvia.)
Golden Numbers: Dow Jones focuses on the rising price of gold that has "sparked a new gold rush in Peru, pegged to become the world's fifth leading producer of the precious metal by 2005." Companies invested $130 million in exploration last year, compared with $49 million in 2002. Output was 11,000 kgs in 1989 and could reach 180 metric tons in 2005. Quoted in the story are Bob Baxter (Chariot Resources), Carlos Galvez, (Minas Buenaventura). Also mentioned: Yanacocha, La Zanja, Las Bambas and the Alto Chicama.
War of the Pacific, cont: China's Xinhua Net pushes a story on the cover of several Peruvian dailies: "Alejandro Toledo reiterated on Thursday the existence of the maritime border dispute with Chile." While Chile leans on some 1954 accords, "Toledo said the bilateral ties and friendship could be boosted if Chile recognized the controversy and adopted the most apropriate means to solve the dispute."
Exports:
- Namibia's New Era reports that Peru is threatening their grape production: "Today we have realised that increased competition from new early table grape-producing countries such as Brazil and Peru means that we must focus more on quality and yield rather than earliness of harvest."
- Washington State's Tri-City Herald states that "[Asparagus] Growers and processors have been battered for the past seven years by low-priced imports from Peru and high labor costs," according to Alan Schreiber, executive director of the Washington State Asparagus Commission. The United Press International gets on the band-wagon as well and leads with "Cheap labor in Mexico and Peru is threatening the existence of California's asparagus industry, which has abandoned a third of its acreage in three years," following up an earlier story by the Los Angeles Times. (See 'Tensions Over Asparagus' in Wednesday's Peruvia below.)
- A Maryknoll magazine profiles Karen and Jim Halberg Weaver, Maryknoll Lay Missioner and their work in Casa Karibu Sze-Ming in Peru's altiplano.
Macro/Micro Econ:
- Reuters reports that the "March tax revenues rose 13.1 percent in inflation-adjusted terms to 2.086 billion soles ($603 million) compared with the same month in 2003, bolstered by a new duty on banking transactions," according to SUNAT's Nahil Hirsh.
- Reuters reports that Peru "will in a few weeks send the International Monetary Fund proposed economic targets to qualify for a new stand-by credit line," according to Peru's Deputy Finance Minister Kurt Burneo.
- The Miami Herald (fourth item) repeats yesterday's low inflation reports. (See yesterday's Bloomberg report in Peruvia below.)
- Reuters reports that Sempra Energy International and Public Service Enterprise Group "sold 12 percent of the shares they own in Peru's power distributor Luz del Sur for 216.2 million soles (US$62.4 million)."
- BNAmericas relays that Minera Buenaventura "reported a net profit of US$48.2mn in 2003." However, this is bad news because it was "56.3% less than the US$110.5mn obtained in 2002." It names 'derivatives' as the culprit.
- BNAmericas reports that "a user protest group told national government representatives at a public meeting that there should be 'absolutely no participation from the private sector' in Peruvian capital Lima's water utility Sedapal," according to Flavio Ausejo, a representative of waterworks regulator SUNASS. This comes, in part, as a response to P-PK's remarks that "more private involvement could be sought for the country's water sector to improve coverage."
Peruvian Food: Portland's Colombian reviews Andina Novo, a Peruvian restaurant attracts "well-heeled, chic diners willing to invest in $12 entrees at lunch." In addition: "Thanks to diverse climate and geography encompassing a long coastline, jungles, highlands and mountains, Peru's cuisine embraces a varied palate of ingredients." NOTE: Last Friday, the Washington Post reviewed The Nibbler, "a Peruvian restaurant, run by the German former executive chef of a major (then) Japanese-owned Washington hotel and his Filipino wife, with a name that sounds like a salad bar but which serves the heartiest of South American comfort fare."
The Arts:
- Colorado's Post Independent reports on the Aspen Filmfest's Shortsfest which will include the Spanish film, Night in Lima. Film Synopsis: A once-aspiring photojournalist, Marko recalls the pivotal moment when dreams, death, insomnia and intoxication precipitated his ultimate retreat. Set in Lima, Peru, 1992, amidst the Shining Path's final wave of violence, Marko learns about the fleeting quality of life through an encounter with Rivera, a camera mercenary hooked on the adrenaline of the front line." The 15-minute film is directed by Carlos Carcas.
- San Diego's Union-Tribune relates that Leanne Michael will "interpret this year's signature piece, 'Four o'Clock or The Marvel of Peru,' a Moghul still-life from about 1640" at the San Diego Museum of Art's 23rd annual 'Art Alive' exhibition which opens today.
Lies about 1956: - Colorado's Gazette leads a story with: "It's not every day a country calls time out in the middle of a civil war to watch a few basketball games. Legend has it that's what happened for four days in Peru in 1956 when the Harlem Globetrotters played there for four days." Where in the world are such 'legends' perpetuated? Try the Official Harlem Globetrotters Timeline where they claim: " Peru: a nasty civil war is put on hold for four days to allow the Globetrotters to play a few games. When the team's plane departs the war resumes."
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