By THE PULSE NEWS MEXICO STAFF The administration of Mexican President Andrés Manuel López Obrador (AMLO) this week expropriated 109 hectares of private property in the State of Mexico (Edoméx) to be used in the ongoing construction of the new General Felipe Ángeles International Airport. The new airport — which is a pet project of the president and which he
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By THÉRÈSE MARGOLIS It pretty much was to be expected: First, Mexican President Andrés Manuel López Obrador (AMLO) endowed the nation’s military with the gift of nonaccountability, meaning that it doesn’t have to report to anyone what it is doing or how much it is spending doing it. Then, he placed the construction and administration of his highly controversial Tren
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By THE PULSE NEWS MEXICO STAFF Due to their speculative nature and frequent use for illicit purposes, cryptocurrencies are not and will not be legal assets in Mexico, Finance (SHCP, or Hacienda) Secretary Arturo Herrera said Monday, June 28. “Cryptocurrencies are prohibited for use in the Mexican financial system. There is nothing that is expected to change on that issue
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By THE PULSE NEWS MEXICO STAFF After Mexico’s Central Bank (Banxico) shocked financial markets with a surprise .25 interest rate hike on Thursday, June 24, analysts are now predicting that the bank will issue additional increases this year to combat surging inflation, which reached more than 6 percent in May.Banxico raised its key rate to 4.25 percent in a split
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By THE PULSE NEWS MEXICO STAFF Mexico, along with Chile and Brazil, had the highest economic inequality among Latin American countries, according to a regional report by the United Nations Development Program (UNDP) released earlier this week. “Despite decades of progress, the region continues to be the second-most-unequal in the world (after the African sub-Sahara), and income inequality in Latin
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By THÉRÈSE MARGOLIS While Mexican President Andrés Manuel López Obrador (AMLO) continues to dole out high-ranking (and high-paying) government jobs to luggage porters and entourage traffic managers with little or no academic or professional qualifications (other than their undying loyalty to him), on Monday, June 22, he ousted one of his “most-uncompromising” (his words) proselytes from her office as head
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AMLO Opens the Door to Economic Development
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By THE PULSE NEWS MEXICO STAFF Mexico’s fell two spots in terms of global competitiveness, from 53rd place to 55th place, according to the Institute for Management Development’s (IMD) World Competitiveness Ranking. The drop in the IMD 2021 ranking places Mexico in the lowest position it has held since 1997. The IMD accredited the drop in ranking to a poor
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By THE PULSE NEWS MEXICO STAFF The New York-based international credit agency Standard & Poor’s (S&P) ratified Mexico’s long-term sovereign rating on Tuesday, June 15, at BBB in foreign currency and BBB+ in local currency, both with “a negative outlook.” This announcement was made by the agency following Mexico’s June 6 midterm elections, in which the ruling party, the National
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By THÉRÈSE MARGOLIS In school, a strong B across the board is considered to be a respectable grade. In the world of financial credit ratings, not so much. Although the way that each of the Big Three rating agencies — Standard and Poor´s (S&P), Moody’s Analytics and Fitch Ratings, which collectively account for 99 percent of the world’s ratings market
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