Tag Archives: Finance Secretariat

New Arrest Warrant for Lozoya Is A Family Affair

By RICARDO CASTILLO       What came as a shock to the Mexican political system last Friday, July 5, was not that the nation’s fiscal (attorney) general managed to get a judge to issue him yet another arrest warrant against former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin, but that the arrest warrant also included his mother, wife and sister, Gilda Austin,

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Abrogation of Mexico’s Education Reform Fails, For Now

By RICARDO CASTILLO     Both houses of the Mexican Congress folded on Tuesday, April 30, ending the first part of formal sessions for this year of 2019. There was one surprise as the Senate sent back to the Chamber of Deputies President Andrés Manuel López Obrador’s (AMLO) much-touted new law abrogating former President Enrique Peña Nieto’s ill-fated Education Reform. The bill didn’t

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Mexican Education Bill Gets Lower House Approval

By RICARDO CASTILLO     After a long and weary debate on the night of Wednesday, April 24, that extended into the wee hours of Thursday, April 25, Mexico’s Chamber of Deputies voted to abolish the Education Reform “imposed” by former President Enrique Peña Nieto in 2013. President Andrés Manuel López Obrador (AMLO) celebrated the backing he received from this house of Congress

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AMLO’s Republican Austerity Shakes Down the Press

By RICARDO CASTILLO     How the press views the Mexican presidency has definitely changed in more than few ways since Andrés Manuel López Obrador (AMLO) was sworn into office last December. To begin with, AMLO established from the very beginning of his term his Monday-through-Friday press conferences, which start at 7 a.m. and end when they’re over, ranging in length from

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AMLO Slays Mexico’s Education Reform with the Stroke of a Memo

By RICARDO CASTILLO     The outraged protests against a memorandum issued on April 16 by Mexican President Andrés Manuel López Obrador (AMLO) that eliminated the country’s ill-fated Education Reform has been massive, to put it mildly. Critics have called the memorandum “unconstitutional” and claim that AMLO stepped out of bounds and has entered the country into the first stages of a

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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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AMLO Refutes Financial Experts, Again

By THE PULSE NEWS MEXICO STAFF Once again, Mexican President Andrés Manuel López Obrador (AMLO) has questioned the economic expertise of his own financial specialists, this time contradicting the findings of the Finance Secretariat (Hacienda, or SHCP). Speaking during his regularly scheduled early morning press conference on Tuesday, April 2, AMLO said that the projections made by Hacienda for Mexican

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Mexican Banking Association: No More Commissions on Digital Accounts

By THE PULSE NEWS MEXICO STAFF     Newly instated Mexican Banking Association (ABM) president Luis Niño de Rivera announced on Friday, March 22, that banks in Mexico will no longer charge commissions on digital accounts. Speaking before Mexican President Andrés Manuel López Obrador (AMLO) during the 82nd National Banking Conference in Acapulco, Guerrero, Niño de Rivera said that, in keeping with

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AMLO Says Dos Bocas Refinery Still on Track

By THE PULSE NEWS MEXICO STAFF     Despite the fact that one day earlier his government’s Finance Undersecretary Arturo Herrera told the Financial Times in London that construction of the Dos Bocas refinery in the southeastern state of Tabasco had been put on hold, Mexican President Andrés Manuel López Obrador (AMLO) on Wednesday, March 13, said that the project would proceed

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Mexican Airport Project Back on…For Now…Maybe

By THÉRÈSE MARGOLIS     After ranting and raving throughout most of his campaign and the five months after his July 1 landslide leading up to his Dec. 1 inauguration, about the imperative need to cancel a half-built international airport on the lakebed of Texcoco, in the State of Mexico (Edoméx) to serve Mexico City’s over-extended Benito Juárez International Airport (not to mention holding

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