By MARK LORENZANA According to experts, a shortage of water, gas and electricity in some Mexican states has caused limited investments in the country’s real-estate sector. Rafael Berumen, director of Colliers Mexico City, said that the scarcity of basic services in some areas of the country has caused retail, housing and industrial real-estate developers to reassess where to invest. One
Read more
By MARK LORENZANA It hasn’t been a good stretch for Mexican soccer lately, and that’s putting it mildly. On the night of Thursday, July 7, the Mexican national women’s soccer team was dealt a painful loss, 0-3, by regional upstart Haiti in the group stages of the Concacaf W Championship. The crushing blow came several days after losing 0-1 to
Read more
By MARK LORENZANA Mexico’s Financial Intelligence Unit (FIU) is investigating former Mexican President Enrique Peña Nieto for allegedly receiving wire transfers amounting to 26 million pesos. On the morning of Thursday, July 7, during the daily press conference of Mexican President Andrés Manuel López Obrador (AMLO), Pablo Gómez Álvarez, head of the FIU, said that the money transfers were allegedly made by a direct
Read more
By MARK LORENZANA Just as Mexico’s inflation rate rose to 7.99 percent in June of this year, the U.S. financial services rating agency Standard & Poor’s (S&P) in its Global Ratings report on Wednesday, July 6, revised the outlook on its long-term ratings on Mexico from negative to stable. In addition, the S&P Global Ratings affirmed the country’s credit rating
Read more
By MARK LORENZANA Alejandro Moreno, current president of Mexico’s centralist Institutional Revolutionary Party (PRI), declared a value of 5.3 million pesos for 15 real estate properties that he acquired between 2012 and 2015, but the total value of those properties actually amounted to 103 million pesos. According to Mexico’s Attorney General of the Republic (FGR) and the Campeche Prosecutor’s Office,
Read more
By MARK LORENZANA Mexico’s Energy Regulatory Commission (CRE) prevented Spanish energy company Iberdrola from operating a wind farm in the central Mexican state of Guanajuato. Iberdrola had invested a total of $150 million in the wind farm. According to the CRE, its decision to stop the wind farm’s operations stemmed from a breach in permit that originally allowed Iberdrola to
Read more
By MARK LORENZANA Since Mexican President Andrés Manuel López Obrador took office nearly four years ago, the Mexican Armed Forces have not only increased their presence on the streets, but have also embarked on a new mission: to become successful entrepreneurs. On April 13 of this year, Mexico’s Secretariat of Finance and Public Credit (SHCP) announced the creation of a
Read more
By MARK LORENZANA Mexico City Governor Claudia Sheinbaum should buckle down to work and stop the illegal early campaigning, demanded Kenia López Rabadán, deputy coordinator of the conservative National Action Party (PAN) caucus in the Mexican Senate. On Friday, July 1, Sheinbaum flew to the southeast Mexican state of Tabasco where her party mate, Mexican President Andrés Manuel López Obrador
Read more
By MARK LORENZANA The Mexican Senate, which is currently headed by the leftist National Regeneration Movement (Morena) of President Andrés Manuel López Obrador (AMLO), has not disclosed its expenses for the years 2020 and 2021. Morena has been known to preach austerity and transparency, but in the Senate — where it chairs the Board of Directors, the governing body of the
Read more
By MARK LORENZANA Mexico City’s Metro Collective Transportation System suspended its Metro Line 2 on the morning of Monday, June 4, for three hours due to a malfunction in one of its substations caused by a short circuit. Service at all stations of Line 2 has since been restored. Metro Line 2 runs from the Cuatro Caminos station to Tasqueña station.
Read more