By RICARDO CASTILLO AMLO on an Electrical Collision Course Mexican President Andrés Manuel López Obrador (AMLO) clearly sent a “suggestion” to the Chamber of Deputies in regards to their discussions over the increasingly controversial bill regulating the state-owned Federal Electricity Commission (CFE). “Do not change even an iota of the text” that they had received from him for a fast-track
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By RICARDO CASTILLO Mexico’s top financial authorities issued an alternative banking program to help Mexican migrant workers in the United States make the most out of their remittances, which in 2020 amounted to over $40 billion. The alternative banking plan comes as a response to the Bank of Mexico bill proposed by the country’s majority party, the National Regeneration Movement
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By RICARDO CASTILLO Ancira Negotiations Imprisoned Mexican steel tycoon Alonso Ancira’s lawyer, José Luis Castañeda, continued negotiations at the Mexico City North Penitentiary late Tuesday, Feb. 9, and finally came up with a figure that his client will have to pay to win his freedom. In an out-of-court negotiation still to be ratified, Mexico’s state-run oil company Petróleos Mexicanos (Pemex)
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By RICARDO CASTILLO Gags on Twitter and Facebook? A bill to “regulate the performance of social networks” in Mexico is due to be introduced in Congress this week by Senator Ricardo Monreal. The proposed bill would regulate social network companies like Twitter and Facebook on a national scale and would prevent them from censuring accounts of people or entities that
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By RICARDO CASTILLO Vaccines Registration Underway, Sort of… As of Tuesday, Feb. 2, the Mexican government has opened up its Natonal Vaccination Program of covid-19 vaccines to everyone over the age of 60, allowing those eligible to register on a webpage run by the Interior Secretariat (SeGob). In theory, everyone in Mexico over age 60 — including legal foreign residents
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XINHUA Private analysts now estimate that Mexico’seconomy could grow by 3.5 percent in 2021, up from the 3.44 percent previously estimated, a survey by the Central Bank of Mexico (Nanxico) indicated on Tuesday, Feb. 2. Analysts also forecast a growth in Mexico’s gross domestic product of 2.5 percent for 2022, slightly lower than the 2.6 percent estimate in December, the
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By RICARDO CASTILLO Back to the Salt Mines Both houses of the Mexican Congress kicked off activities Monday, Feb. 1, after the Christmas sabbatical with an array of very important issues under discussion for voting as soon as legislators feel the bills are ready. It came as no surprise that Mexican President Andrés Manuel López Obrador (AMLO) on Friday, Jan.
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By THE PULSE NEWS MEXICO STAFF The Mexico peso ended the month of January with its worst weekly drop in value against the U.S. dollar since September of last year. According to the Central Bank of Mexico (Banxico), the nation’s currency depreciated by 1.24 percent on Friday, Jan. 29, to a bank exchange rate of 20.44 units to the dollar.
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By RICARDO CASTILLO Rumors Abound Ever since Mexican President Andrés Manuel López Obrador (AMLO) announced in a tweet on Sunday, Jan. 24, that he had tested positive for coivd-19 and had gone into quarantine, countless rumors have been flying across the media and gossip mills as to the validity of his announcement. Some critics suggested that AMLO had not, in
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