North America’s (Virtual) New Era
By ANTONIO GARZA, former U.S. ambassador to Mexico
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Mexico’s Entangled State-Owned Utility Companies Suffer Huge Losses
By KELIN DILLON Amid the approval of Mexico’s controversial energy reform, the companies the initiative is based around, Mexico’s state-owned Petróleos Mexicanos (Pemex) and Federal Electricity Commission (CFE), each reportedly lost billions of pesos in 2020. According to Pemex’s 2020 financial report, the company lost 480.9 billion pesos last financial year, a staggering 38.2 percent increase in loss from 2019,
Read moreMexico News Roundup
By RICARDO CASTILLO AMLO, Biden in Virtual Meet On Monday, March 1, U.S. President Joe Biden is slated to hold a virtual conference with Mexican President Andrés Manuel López Obrador (AMLO). This will be the second virtual gathering both presidents have, the last one having been on Jan. 22. According to White House sources, the two are expected to discuss
Read moreHell Hath No Fury Like AMLO Scorned
By KELIN DILLON Since taking office in December 2018, Mexican President Andrés Manuel López Obrador (AMLO) has been increasingly flexing his mounting power, showing anyone who dares to cross him that they will face his angry retribution, as he attempts to consolidate the government’s control over the nation. López Obrador has now come for the Superior Audit of the Federation
Read moreForeign Investment in Mexico Drops 20 Percent in 2020
By THE PULSE NEWS MEXICIO STAFF Direct foreign investment in Mexico fell by 11.7 percent in 2020, compared to the comparable figure for the previous year, according to the federal government’s Economy Secretariat. Last year, Mexico received just over $29 billion in foreign investment, down from nearly $34 billion in 2019, the secretariat said in a written report on Thursday,
Read moreBillions of Pesos in Investment Jeopardized by Electricity Reform
By KELIN DILLON Over 196.7 billion pesos in investment into Mexico’s energy sector are now in jeopardy, following Mexican President Andrés Manuel López Obrador’s (AMLO) controversial proposals to reform the nation’s electric industry, according to opponents of the bill. The proposed law would allow Mexico’s government-owned Federal Electricity Commission (CFE) to gain priority over private energy plants to upload their
Read moreMexico’s Tourism Projected to Continue Decline in 2021
By KELIN DILLON Mexico’s usually-robust tourism industry suffered brutal losses in 2020 due to the coronavirus pandemic, reaching its lowest level since World War II, and now experts are warning that 2021 could fare even worse for Mexico’s tourism than its predecessor. Mexico’s National Institute of Statistics and Geography (Inegi) revealed in a report there was a 46 percent drop
Read moreInside Monreal’s New Social Media Initiative
By KELIN DILLON National Regeneration Movement (Morena) Senator Ricardo Monreal announced on Monday, Feb. 8, the exact framework for his new initiative to regulate social networks in Mexico in his attempt to protect freedom of expression in virtual spaces. The initiative will only apply to social media networks that have and operate over one million users, deeming them “relevant” for
Read moreAchieving North America’s Promise
By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
Read moreCanada Bans All Flights to Mexico
XINHUA Canadian Prime Minister Justin Trudeau Friday, Jan. 29, announced new measures against covid-19, including the suspension of Canadian flights to all Caribbean destinations and Mexico. “With the challenges we currently face with covid-19, both here at home and abroad, we all agree that now is just not the time to be flying,” Trudeau said at a press conference
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