5 May 2020

Projects – Weekly snapshot

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From Tuesday, April 28 to Monday, May 04, 2020

 

SPOTLIGHT

 

This month already 27 activities in four economic sectors are restarted

 

The Executive issued a supreme decree has been issued approving the gradual and progressive resumption of economic activities in the country. Thus, the resumption of 27 activities since May is considered within the first phase.

 

Each ministry linked to economic activities that restart operations from this month must publish within a maximum of five calendar days the sectoral health protocols for the gradual and incremental resumption of activity.

 

The resumption of activities will be divided into four phases, which so far will take place in May, June, July and August.

 

MONDAY 04
  • As of today, a supreme decree was issued approving the gradual and progressive resumption of economic activities in the country.
  • The Minister of Housing, Construction and Sanitation, Rodolfo Yañez, said that after the quarantine will restart operations of 300 real estate construction companies in the week of May 18.
  • Gloria is accelerating the launch of its e-commerce in order to bring the consumer closer to its products. In a first stage they will only serve Lima.
  • The Australian Orica completed the acquisition of shares in Breca Soluciones de Voladura S.A.C. and its shares in Exsa S.A., which together represent 83.5% of the total shares of Exsa S.A.
  • The oil company Baron Oil continues with its plans to drill lot XXI, in the Sechura basin in the north.
  • The companies Cerro de Pasco and Volcan Compañía Minera have extended the closing date for the acquisition of the Cerro de Pasco mine until June 27.
  • Through its Peruvian branch, the Chilean company Latam Trade Capital bought a majority stake in the capital stock of the investment banking firm Capia Renta Fija, established in Lima and with operations in the Andean region.
  • The Superintendence of Banking, Insurance and PFA granted Financiera Confianza the implementation authorization to issue electronic money.
WEDNESDAY 29
  • The Government announced that after overcoming the health crisis caused by the corona virus (covid-19), a comprehensive reform of the health and education sectors will begin.
  • Fisheries begin plant and boat maintenance work for the first fishing season of 2020.
  • Falabella will reprogram about 40% of the investments planned for this year as part of a plan to strengthen its liquidity in the midst of the health crisis due to the spread of the coronavirus.
  • Grupo San Pablo evaluates the development of new headquarters, which it hopes to put into construction this year, both in Lima and in the interior of the country.
TUESDAY 28
  • The executive director of the Authority for Reconstruction with Changes (ARCC), Amalia Moreno, stated that in the fortnight of May the winning country will be known for the project to rebuild the infrastructure that was affected by El Niño Costero in the summer of 2017.
  • The Superintendency of Banking, Insurance and AFP resolved to authorize the operation of the company “Bank of China (Peru) S.A.” as a multiple operations banking company.
  • Canada’s Sierra Metals said they would expect to restart operations at the Yauricocha mine on May 11.

 


To access our INFRASTRUCTURE PROJECTS NEWSLETTER, click here

If you need more information, please contact Milagros Maraví (mmaravi@rubio.pe) or

Carlos Arata (carata@rubio.pe)

 

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