Mexico Offers New Tax Cuts to Attract Nearshoring Investment
The only requisite for eligibility is that the investment must be made during the rest of 2023 or during 2024
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Jorge Nuño Named as Mexico’s New Communications, Infrastructure Head
PULSE NEWS MEXICO Jorge Nuño Lara will become the new head of Mexico’s Secretariat of Infrastructure, Communications and Transportation (SICT), replacing Jorge Arganis, who is leaving office due to health issues, President Andrés Manuel López Obrador (AMLO) announced Wednesday, Oct. 9. “Jorge Nuño is going to take charge of the Secretariat of Communications and Infrastructure: he is going to be
Read moreMexican Public Debt to Rise by 30 Percent in 2023
PULSE NEWS MEXICO By the year 2023, Mexico’s public debt is expected to reach 1.08 trillion pesos, representing an increase of 29.9 percent compared to the 2022 budget, according to a breakdown of President Andrés Manuel López Obrador’s (AMLO) new proposed annual economic package. The 2023 package, which was presented by the AMLO administration to Congress on Thursday, Sept. 8,
Read moreMexican Government Announces News Measures to Fight Inflation
XINHUA The Mexican government will take additional measures to counter rising inflation as part of the package against inflation and famine that took effect in May, Secretary of Finance Rogelio Ramirez de la O announced here Tuesday, Aug. 2. That package consisted of freezing the price on 24 basic products that Mexicans consume on a regular basis. However, despite that
Read moreMaccise Montes Urales Building Is Hotbed of Dirty Dealings
OPINION By THÉRÈSE MARGOLIS It isn’t hard to find dirt on Mexico’s Maccise family, a devious mafia of media power and political imposition based out of Toluca, in the State of Mexico (EdoMéx), that has used its money and political clout to influence elections, silence reporters and bulldoze legislation for its own agenda for more than three decades. The family’s
Read moreAMLO Puts the Skids on Mandatory Auto Inspections
By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) announced Monday, May 16, that he will halt the implementation of mandatory biannual mechanical verifications for all cars over four years old. The new regulation was ordered by the Secretariat of the Economy on Friday, May 13, and would have gone into effect in November. But during
Read moreMexico Facing Reduced Consumption, Less Investment
XINHUA Mexico is facing the risk of weaker domestic consumption and investment as the growth rate of global economic activity moderates, the country’s main financial authorities warned Wednesday, March 30. The Financial System Stability Council (CESF) said in a statement that global inflation continued on an upward trend, driven mainly by high food and energy prices. “In this environment, global
Read moreOECD Says Mexico Needs ‘Comprehensive Reform’ to Boost Growth
XINHUA Mexico needs a “comprehensive reform agenda” to boost investment and economic growth, the Organization for Economic Cooperation and Development (OECD) said Monday, Feb. 21. After cutting its economic forecast for Mexico’s growth expectations for 2022 from 3.3 percent to just 2.3 percent, OECD Secretary General Mathias Cormann, warned that in order to spur higher growth, Mexico would have to
Read moreInterior Secretary Denies INE Request for Referendum Funds
By THE PULSE NEWS MEXICO STAFF One day after Mexico’s National Electoral Institute (INE) asked the Finance Secretariat (Hacienda) for 1.739 billion extra pesos to carry out the controversial and non-binding revocation of mandate, Interior (SeGob) Secretary Adán Augusto López Hernández on Thursday, Jan. 13, told the INE that it has no available resources to dispense to the institute. “In the
Read moreNavigating Mexico: What to Expect in 2022
OPINION By JUAN DE JESÚS BREENE Like everything else with an uncertain future, predictions for the year ahead are just that: prognoses that could or could not come to pass. That said, and with no crystal ball in hand, here are four broad predictions that most likely could be agreed upon by most in the Western Hemisphere for 2022: emerging
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