By THE PULSE NEWS MEXICO STAFF Mexico’s Attorney General’s Office (FGR) is apparently investigating the financial operators of former President Enrique Peña Nieto and his Secretary of the Treasury Luis Videgaray Caso, as well as those of former National Action Party (PAN) presidential candidate Ricardo Anaya Cortés, according to a report from the Milenio daily newspaper. Milenio said that those
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By THE PULSE NEWS MEXICO STAFF Mexico’s Second Collegiate Court Specializing in Economic Competition, Broadcasting and Telecommunications voted unanimously on Thursday, July 1, to revoke a definitive suspension that had been granted to halt the implementation of President Andrés Manuel López Obrador’s controversial electricity reform bill. The collegiate court, composed of three magistrates, agreed to revoke the suspension because they
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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By KELIN DILLON Mexican President Andrés Manuel López Obrador’s (AMLO) controversial reform to The country’s electric industry received further roadblocks to its implementation following a second judge’s additional suspensions to the law on Wednesday, March 17, much to the chagrin of López Obrador. Judge Rodrigo de la Peza López Figueroa ruled in favor of 11 amparos (a legal term in
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By THE PULSE NEWS MEXICO STAFF A federal judge in Mexico on Thursday, March 11, less than 24 hours after it went into effect, suspended implementation of the nation’s newly minted electricity reform, which was rammed through Congress late last month by President Andrés Manuel López Obrador (AMLO). The Second District Court for the Administration, Economic Competency and Broadcast Services
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By KELIN DILLON Following controversial changes in Mexico’s electrical law, rammed through Congress on orders from President Andrés Manuel López Obrador (AMLO), the government-owned Federal Electricity Commission (CFE) will reportedly use plants up to 41 years old, with no plans to replace them. The newly passed law changes the order in which each kind of generated energy is uploaded to
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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,
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By THÉRÈSE MARGOLIS When more than 4.7 million homes in the north of Mexico were left without light or heating on Monday, Feb. 15, President Andrés Manuel López Obrador (AMLO) was quick to resort to his favorite stock scapegoat for the subsequent humanitarian and economic repercussions: Blame it on past administrations. True to form, rather than assuming responsibility for the
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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By RICARDO CASTILLO Debt Restructuring Plan The Mexican Treasury and the National Banking and Stocks Commission (CNBV) launched a national debt relief package to help borrowers and banks alike during the covid-19 pandemic-provoked economic crisis. The plan includes a downsizing of the agreed-upon interest rate and reduces the monthly amount borrowers are currently paying. All news arrangement will have to
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