The mining company Shougang Hierro Perú could potentially receive a fine of 283,756 soles ($75,216) following a failed inspection of its Workers' Security and Health conditions. Its Marcona mining unit was found to not have fulfilled its cleaning, disinfection and testing duties meant to protect its workers from COVID-19.
Peruvian Congress passed a new law to authorise over 5.1 million pensioners to withdraw 17,600 soles ($4,665) from the pension funds accumulated in individual capitalisation accounts. A total of 38 million soles ($10 million), representing 23% of pension funds value, will thus be made available to its affiliates.
The retail company Cencosud was fined over 1.96 million soles ($521,770) by the Institute for Competition and Intellectual Property Protection, for sending promotional communication to consumers without their prior consent. These aggressive commercial practices were revealed by an investigation conducted between 2018 and 2019 on the owner of Metro and Wong supermarkets.
The Central Reserve Bank announced that mortgage lending was recovering from last year as it increased by 3.3% in January and 3.4% in February of this year. The reduction in housing loans' interest rates helped this increase.
The Electronic Clearing House (CCE) reported that the rise in digital payments caused an increase in interbank transfers that are expected to reach 35 million transactions in 2021. Since the service became available 24/7 thanks to CCE investments, instant transfers reached 2.2 million in December 2020 and 3.3 million in February 2021.
The Peruvian government authorised the financing of 16.73 million soles ($4.24 million) toward the Pension Office in order to support pensioners from the education sector who are at risk due to the current sanitary emergency.
The Minister of Agricultural and Irrigation Development shared that Peru gathers 6,500 cheese production factories, from which 1,311 are concentrated in the region of Puno. These medium-sized, small-sized and artisanal factories produce around 65% of fresh cheese.
Peruvians' savings deposits exceeded 101 billion soles ($26.94 billion) in 2020, representing a 47.53% increase from the previous year. At a smaller level, BanBif's customers grew their savings by 84.57%. The pandemic caused people to spend less or postpone spendings in travels, restaurant food, and gas.
The government confirmed the arrival of a new Pfizer batch consisting of 49,140 doses, that will complement the 1.32 million doses already imported by Peru, and will be followed by the weekly reception of 200,070 doses. By the end of the current government's term, around 9 million people should be vaccinated and 90 million doses should be secured.
According to the World Bank, the Peruvian economy should grow by 8.1% in 2021, a higher forecast than its previous one of 7.6%. Peru is expected to be one of the best performing economies in the Latin American and Caribbean region, only after Guyana and Panama.