Wednesday, July 28, 2004


Kuwait Salutes Peru: The Kuwait News Agency reports that "His Highness the Prime Minister Sheikh Sabah ‏Al-Ahmed Al-Jaber Al-Sabah sent on Wednesday a cable of congratulations to ‏the ‏President of the Republic of Peru, on the occasion of his country's National ‏Day."

Toledo Salutes Low Inflation: Reuters has a short and early piece on Toledo's speech before Congress Peru in which he declares, "Today I have the satisfaction of reporting that in July, inflation was 0.19%." NOTE: "Consumer prices rose 0.56% in June to bring the total this year to 3.01% , or 4.26% in annualized terms -- well wide of the central bank's 3.5% annual goal."

IMF Salutes Peru: On this Independence Day, the IMF released a new country report for Peru which includes a "Request for Stand-By Arrangement," a staff report, and statements from the Executive Board Discussion (on p. 78) as well from Guillermo Le Fort V. (Executive Director for Peru) and Carlos E. Pereyra Giusiano (Senior Advisor to the Executive Director) (on p. 82). The reports also includes a May 2004 letter from Pedro-Pablo Kuczynski and Javier Silva Ruete (on p. 57)

Talking Trade: The Voice of America notes that the "third round of negotiations on establishing a free-trade pact between the United States and the three Andean region countries" is being held in Lima. NOTE: "The U.S. representative at the four day talks, Regina Vargo, has described previous negotiations as 'very productive.' Colombia, Ecuador and Peru currently have tariff-free access to U.S. markets for hundreds of products, but that pact is set to expire in 2006."

Cold in Puno: The USA's State Department's US Info reports that "the United Nations is appealing to the international community to help hundreds of thousands of people, especially children, who face starvation and disease in Peru as a result of severe cold weather in the Andean nation." NOTE: "More than 60 children have died from acute respiratory infections as a result of freezing temperatures, UNICEF said in a July 25 statement. Access to the affected areas in isolated mountain regions continued to be difficult due to precarious road conditions and high altitudes."

Silver Up: Pan American Silver announced in a press release (not yet on their revamped website) their "net earnings of $1.3 million for the quarter versus a net loss of $1.2 million in the second quarter of 2003. Consolidated revenue increased 67% over the second quarter of 2003 to $20.9 million." ALSO: "Record quarterly silver production of 2.6 million ounces, an increase of 19% over the same period of 2003."

Beer Down: Just Drinks reports that Union de Cervecerias Peruanas Backus & Johnston "has posted a drop in net income in its second quarter."

JMontoya Walks the USA: Pennsylvania's Delco Times catches up with Julio Montoya and "during a 1,511-mile trek from Boston to Miami that he hopes will inspire the disabled to "enjoy the world again." Montoya, 36, joined the Peruvian Army at the age of 15 and served until July 1999, when he stepped on a land mine while building a road through the jungle. He suspects the mine was set up by guerilla soldiers opposed to the army’s plan to open roads in their territory." SEE ALSO: 'Montoya to Walk the USA' in July 9's Peruvia.

Book Seller/Computer Thief: Malaysia's Utusan Online reports that Jose Marcellino, "a Peruvian bookseller, was jailed for two years for stealing a bag containing a laptop." Marcellino, 50, pleaded guilty to stealing the bag belonging to Mohamed Isa Osman" on June 14. Chief Inspector Nadzir Othman said "Mohamed Isa had left two bags to queue to check-in for a flight to Kota Kinabalu but found the bag with the laptop missing when he returned to the spot. He saw Marcellino hurrying away with the bag and followed him with the station's security guard."

Orchid Dealer Sentenced: The Associated Press reports that Manuel Arias Silva, "a prominent Peruvian orchid grower, was sentenced Tuesday to almost two years in federal prison for scheming to smuggle prized tropical lady slipper orchids into the United States." Arias Silva internationally shipped "protected wild orchids intermingled with nursery-raised flowers to a Texas dealer several times to feed the desires of high-end hobbyists from 1999 to last year." NOTE: "Arias, 70, was one of three Peruvian growers with permission to cultivate endangered and newly discovered orchids from recently deforested areas."

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