Bill Gates Buys Femsa’s Heineken Shares
Gates purchased 10.8 million of those shares, worth $939.87 million, triggering a disclosure requirement under Dutch stock market rules
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FEMSA to Leave Beer Business
FEMSA currently employs more than 354,000 people
Read moreNavigating Mexico: Protecting Your Pesos
By JUAN DE JESÚS BREENE One of the first topics in most high school world geography classes is, “Why are some countries rich while other countries are poor?” The answer is a relatively simple one: a combination of its level of corruption, its geography, climate, whether it is landlocked, security of property rights, economic flow and, one of the most
Read moreCoke Raises Prices, Milk Gets Costlier
PULSE NEWS MEXICO The “Real Thing” just got costlier this week in Mexico, when Coca-Cola Femsa bottlers announced on Monday, Aug. 15, that it was raising the price of its beverages by 1 peso per bottle or can. And as if that were not enough to hit your daily allowance pocketbook, next time you ask “Got Milk?” an affirmative answer
Read moreMexican Tax Collector Exhausts Big Corporation Payouts
By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of
Read moreHave a Coke and Watch AMLO vs the Devil
By RICARDO CASTILLO Now that the National Front to Stop AMLO (FRENA) is on its fifth day of protest with an invasion of Mexico City’s main downtown thoroughfare Juárez Avenue, suddenly the question of “what and who is FRENA?” struck me like a lighting rod. I am no arithmetician, but I know numbers well enough to come up with the
Read moreMexico News Roundup
By RICARDO CASTILLO Economic Skid Two of the basic economic indicators, demand and supply, plunged down by 19.4 percent in comparison to the same period last year, according to a quarterly report from the Mexican government official pollster, the National Institute of Geography and Statistic (Inegi). The figures reflect statistics both for home and industry, which had been stable since
Read moreMexico News Roundup
By RICARDO CASTILLO Little Parties on the Skid The Mexican Senate, presided over by Mónica Fernández of the National Action Party (PAN), dissolved the partisan representation of the Party of the Democratic Revolution (PRD) and the Social Encounter Party (PES) for not meeting the minimum of five senators to be counted as a party. The PRD, led by former Mexico
Read moreMexicans Turn Out in Force to Protest AMLO
By THE PULSE NEWS MEXICO STAFF Residents across at least 70 cities in 30 Mexican states participated in a mass protest against President Andrés Manuel López Obrador (AMLO) on Saturday, May 30. Despite the ongoing nationwide covid-19 lockdown, thousands of cars and SUVs in Mexico City and other major Mexican metropolis conducted a daylong protest caravan, demanding the immediate resignation
Read moreJunk Food Industry Sees Perils Ahead
By RICARDO CASTILLO … The new pro-visible labeling law passed unanimously in Mexico’s 500-voting member Chamber of Deputies…
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