The mining formalisation process that began in 2015, experienced an acceleration in the last two years with the formalisation of 738 informal miners in 2019 and 2020. As a result, Cusco has become the second place in the country with most mining formalisation. This implies that more and more miners are following the law and fulfil the technical parameters and environmental standards to ensure adequate practices.
The Peruvian Chambre of Electronic Commerce declared that government restrictions are causing e-commerce to operate at only 60% of its capacity. Therefore, it is asking the state to relax measures affecting e-commerce, by extending delivery to 24 hours a day for all sectors, not restricted to restaurants and pharmacies, as well as by removing delivery geographic limits.
According to the National Society of Industries, the norm change proposed by the Committee of Economic Operation of the National Interconnected System, could negatively impact the industrial sector by increasing its electricity costs by 40% and therefore cause higher manufacturing costs. Peruvian households would thus be affected by food basket goods at higher prices.
The Health Ministry announced it was considering including pharmacies and drugstore to the later stages of the COVID-19 vaccination process. Private sector could thus import and sell vaccines doses, but penal code prohibits it from selling vaccines at a higher price than in the public sector.
The pandemic caused one third of Peruvian tenants to experience difficulties in paying rent. As a result, tenancy contracts were renegotiated by owners and tenants, and rent prices decreased by around 30% for housing and 50% for commercial premises.
Water services company Sedapal brought around 4 billion litres of drinking water with 351 tanker trucks, to the most remote and vulnerable regions of Lima and Callao for free. With the support of the Housing, Construction and Sanitation Ministry, it has so far helped over one million local people receive water to maintain their health despite the pandemic.
Peruvian oil and gas development and production company, PetroTal, completed the issue of $100 million senior secured three-year bonds. The CFO stated that this funding would finance further development of the Bretana oil field that is expected to produce 20,000 barrels of oil per day during the second half of 2022.
Ministry of Education plans to invest 37.83 million soles ($10.35 mn) to install stations to wash hands in public schools. The government aims to improve the health and hygiene conditions with adequate infrastructure in educational environments.