By RICARDO CASTILLO Businesses Hit the Outsourcing Panic Button The start of an Open Parliament to discuss Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform of outsourcing practices forced the leading business organization representatives to call for an emergency meeting with him that very same day. The president received the businessmen at the National Palace. Given the positioning of
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By THE PULSE NEWS MEXICO STAFF After a 13-year-stint as the best-known source of electronic gear in the country, Best Buy is closing down all its stores in Mexico, the U.S.-based company announced on Monday, Nov. 23. Best Buy, which opened its first Mexican retail outlet in 2008, with an initial investment of $45 million, said it plans to shutter
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Mexican Businesses Welcome ‘Buen Fin’ Sales
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By KYLIE MADRY Foreign Meds to Flood In Mexico’s medicine shortage will come to an end, President Andrés Manuel López Obrador (AMLO) announced at his morning press conference Thursday, Oct. 29. The country signed a deal with the United Nations Office for Project Services (UNOPS) for 32 billion pesos to buy medicine from outside of Mexico, which, until a few
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By KYLIE MADRY Mexican President Andrés Manuel López Obrador (AMLO) once again sparked controversy, this time declaring his intention to ban outsourcing in Mexico during his morning press conference on Tuesday, Oct. 27. This is AMLO’s latest target in his war on corruption, with the president saying that outsourcing only allows businesses to skirt tax laws and avoid paying employees
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XINHUA Mexican entrepreneurs are preparing to virtually showcase their goods at the upcoming third China International Import Expo (CIIE) amid the COVID-19 pandemic. This is one of the multiple advantages of participating in the expo virtually in order “to attract potential buyers of high-quality Mexican products,” said Agustin Garcia Rechy, director of Asia and Oceania at the Mexican Business Council
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By RICARDO CASTILLO The much-expected ideological clash between Mexican business and government is now here. It had not happened before because there had been civility on the part of the business community regarding the authentic democratic victory achieved by President Andrés Manuel López Obrador (AMLO) in July 2018. But it is now apparent that the business-AMLO friendly relationship may be,
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By THE PULSE NEWS MEXICO STAFF … Mexico’s Buen Fin end-of-year sale will bring in more than 118 billion pesos for small- and medium-sized businesses…
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By RICARDO CASTILLO … The Mexican business community is finally showing an inkling of positivity toward President Andrés Manuel López Obrador (AMLO)…
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By RICARDO CASTILLO In mid-July, former Mexican Treasury Secretary Carlos Urzúa, upon presenting his resignation to President Andrés Manuel López Obrador (AMLO), launched a frontal attack against AMLO’s Chief of Staff Alfonso Romo Garza in an interview. “It’s most difficult to understand the type of relationship, ideologically speaking, Romo has with the president,” Urzúa said. “He’s an extreme right-winger.” Urzúa
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