Tag Archives: Cofece

Mexican Supreme Court Grants CFE Monopoly

By THE PULSE NEWS MEXICO STAFF Mexico’s Supreme Court of Justice (SCJN) on Wednesday, March 23, passed a ruling endorsing the new Electric Energy Law (LIE), thus eliminating all legal cases filed in México against it. The new ruling was proposed by Supreme Court Justice Loretta Ortiz Ahlf, a former federal deputy from President Andrés Manuel López Obrador’s (AMLO) leftist

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Liga MX Salary Caps Could Stifle Competition

By ALEJANDRO ENVILA FISHER Exemplary, legally solid and irrefutable, the financial sanctions imposed by the Federal Economic Competition Commission (Cofece) on Mexican soccer clubs for having imposed a salary cap (also hunger) on women who play professionally in the Liga MX could end up exploding in the Cofece’s face and eventually lead to the disappearance of the country’s fledgling women’s

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Liga MX Hit With 177 Million Peso Sanction

By KELIN DILLON A total of 17 teams from Liga MX, Mexico’s top football division, were hit with sanctions of 177.6 million pesos by the Federal Economic Competition Commission (Cofece) for alleged monopolistic practices and putting a salary cap on the league’s women’s vision. The clubs sanctioned include América, Pachuca, Mazatlán, Guadalajara, Santos Laguna, Tigres, Toluca, Pumas, Monterrey, Necaxa, Atlante

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Mexico’s Military Trust Increased by 32.4 Percent in First Quarter of 2021

By KELIN DILLON Mexico’s expanding military, under the lead of President Andrés Manuel López Obrador (AMLO), has seen its trust increased by 32.4 percent already in the first quarter of 2021 since the end of 2020, according to a report published in Reforma.  Figures show the Military Equipment Administration and Payment Trust (Fidape) received 15.8 billion pesos in funding just

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Mexican Congress Fast Tracks Pemex Monopoly Bill

By DAMIÁN ESCALANTE Mexico’s Congress approved a reform on Thursday, April 22, that will once again allow the state-run oil company Petróleos Mexicanos (Pemex) to monopolize the sale of hydrocarbons throughout the country. The initiative, which passed the Chamber of Deputies on Wednesday, April 21 and the Senate on Thursday, was presented by Manuel Rodríguez, president of the Energy Commission

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Gasoline Prices Up 12 Percent So Far This Year

By RICARDO CASTILLO     Lest we forget: One of the unkept promises that helped to topple the popularity of former Mexican President Enrique Peña Nieto was his much-repeated outright lie that with his Energy Reform and Pemex joining free-market competition, “fuel prices will come down.” On Jan. 1, 2017, Peña Nieto made the grave error of liberating gasoline and diesel prices.

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