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Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021

Press release content from Business Wire. The AP news staff was not involved in its creation.
Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2021
July 20, 2021 GMT
LIMA, Peru (BUSINESS WIRE) Jul 19, 2021
Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Pacasmayo”) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the second quarter (“2Q21”) and the six months (6M21) ended June 30, 2021. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Peruvian Soles (S/).
2Q21 Financial and Operational Highlights: ....

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The vacancy of the president Martin Vizcarra: An attack on the Peruvian people

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Photo of former Peruvian president Martín Vizcarra. // Photo courtesy of Galería del Ministerio de Relaciones Exteriores/Wikimedia Commons.
The vacancy of the president Martin Vizcarra: An attack on the Peruvian people
From Monday, Nov. 9, 2020 to Tuesday, Nov. 10, 2020, the American dollar rose to S / 3.62 (Peruvian Soles), the highest level reached in eighteen years. This sudden increase in the exchange rate is rooted in the political crisis that developed in Peru. On Nov. 9, 2020, President Martin Vizcarra was removed from office. This act, led by Congress, has had dire consequences for Peru’s position in the international arena. As the economist Alfredo Thorne specifies, radical political changes, “Are a sign of mistrust and uncertainty. If doubts are not cleared, if there is no confidence about how they will manage this transition, the markets will become adverse to Peru, and interest rates of any indebtedness will go to go up.” ....

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Oxygen plants donated by Respira Peru to benefit over 100 patients | Noticias | Agencia Peruana de Noticias Andina

Photo: ANDINA/Diffusion
15:04 | Lima, Feb. 17.
A total of 124 patients will be treated with medical oxygen 24 hours a day thanks to the putting into operation of two oxygen-producing plants granted to the Lima-based Arzobispo Loayza Hospital by the solidarity initiative known as Respira Peru (Breathe, Peru Program).
During a ceremony, Health Minister Oscar Ugarte expressed the satisfaction of President Francisco Sagasti and Prime Minister Violeta Bermudez for the donation which exemplifies the participation of the institutions that make up Respira Peru and constitutes a fundamental support for the Loayza Hospital in times of COVID-19.
Hospital Director Juan Carlos Velasco Guerrero explained that each plant can produce 20 m3 of medical oxygen (93% purity per hour). ....

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Peru: Dollarization ratio of credit to private sector down by 21% in Dec 2020 | News | ANDINA

Photo: ANDINA/Archive
11:50 | Lima, Feb. 2
Low-interest rates were observed on new loans in all business segments in December 2020, especially in the segments of loans to micro, small, and medium-sized companies, the Central Reserve Bank (BCR) has reported.
The average interest rate in Peruvian Soles (S/) for loans to micro-businesses fell from 44.3% in December 2019 and from 42.8% in April 2020 to 30.1% in December 2020.
For its part, the interest rate in Soles for loans to small businesses fell from 22.6% in December 2019 and from 22.2% in April 2020 to 17.2% in December 2020.
Similarly, the interest rate in Soles for loans to medium-sized companies fell from 10.0% and 9.3% to 6.1% in the same periods. This fall in interest rates reflects the effect of the Program of Government-Guaranteed Loans. ....

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