The Chinese company Xiaomi arrived in second position for the first time in the smartphone vendor race in Peru during the fourth quarter of 2020. During this same time period, it achieved the control of 6.7% of Latin America's smartphone market. Samsung, Motorola and Xiaomi all gain advantage in the region thanks to the decline of Huawei following the US ban.
The 2021 release of QS's global university performance comparison includes 18 Peruvian university departments from 7 of Peru's universities, representing a 50% year-on-year increase from 12 departments in last year's edition. The performance in Business & Management and Medicine particularly helps to increase Peru's higher education global recognition.
Peru successfully placed €825 million ($984.86 million) in European market bonds maturing in 2033 at a coupon rate of 1.25%. This represents the return of Peru to the European market after 5 years. The bond issuance was welcomed by a strong demand, more than double the supply, from 100 investors mainly from Europe and the US.
Peru's President announced that its government approved a set of economic measures, amongst which is the capital injection of 35 million soles ($9.52 million) into the Food Supplementation Programme developed by the Development and Social Inclusion Ministry. This financial help will support common pots and soup kitchens, that feed the most vulnerable households in the country.
The Ministry of Transport and Communications announced that South Korea, Spain, France and Japan had submitted final proposals to provide technical assistance in the implementation of the new Central Highway project, representing an investment of 11.57 billion soles ($2.99 billion). The purpose of this project is to reduce traffic, thus making the journey from Lima to Junín region faster and safer.