Tag Archives: Business Coordinating Council

Mexico Rebuffs US Bid to Send Labor Inspectors

XINHUA The Mexican government has rejected a U.S. proposal to send labor inspectors to supervise the application of new regulations contained in a revised free trade agreement, President Andrés Manuel López Obrador (AMLO) said on Tuesday, Dec. 3. “We don’t accept that, that is, having some kind of inspectors to see if a company is complying with the law,” AMLO said

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CFE to Renegotiate $80 Billion Pipeline Debt

By RICARDO CASTILLO     The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth

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Investors Panic, Bolsa Plunges and Peña Nieto Doesn’t Even Say Quack

By RICARDO CASTILLO     Here’s the sequence of events that led to a market selloff at the Mexican Stock Exchange (Bolsa Mexicana de Valores) that provoked the loss of nearly 6 percentage points and nearly 90 billion pesos over the last week, mostly for banks. First, on Wednesday, Nov. 7, came the not-so-casual news from the National Regeneration Movement (Morena) political party majority leader

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The Mexican People Have Spoken, and They Said ‘No New Airport’

By RICARDO CASTILLO     The behemoth New International Mexico Airport (NAIM) project was declared defunct on Monday, Oct. 29, by President-elect Andrés Manuel López Obrador (AMLO) after the “no” vote triumphed overwhelmingly during the four-day (Oct. 25 through Oct. 28) national consultation poll carried out by the now-ruling National Regeneration Movement (Morena) political party. The airport construction, at about 20 percent completion (32

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The Pros and Cons of Mexico City’s New Airport Proposal

By RICARDO CASTILLO     The open referendum to approve or disapprove the no-binding construction of the New International Mexico Airport (NAIM) started on Thursday, Oct. 25, and will end on Sunday, Oct. 28. In case you’re not tuned into the situation, which is the nation’s largest and noisiest gossip topic nowadays, here are some of the pro and con opinions regarding the controversial

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