XINHUA Gross fixed investment in Mexico rose 20.1 percent in June compared to May, its first increase after four months of poor performance amid the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said. However, the indicator plummeted 24.1 percent in June compared to the same month of 2019, dragged down by a drop in construction and the
Read more
By RICARDO CASTILLO First USMCA Investment The Canadian firm Bombardier Recreational Products (BPR) announced on Thursday, July 2, the construction of a plant in Ciudad Juárez, Chihuahua, which will build four-wheel-drive vehicles, making it the first investment of the new era of the United States-Mexico-Canada Agreement (USMCA). The announcement was made in Mexico by the Economy Secretariat, claiming that the
Read more
By RICARDO CASTILLO Wind and Solar Energy Thwarted The publication in the Mexican government’s Official Gazette on Friday, May 15, of a change in federal electricity policies, titled the Policy of Trustworthiness, Security, Continuity and Quality in the National Electricity System has irked many a foreign corporation that has invested in renewable electricity. Mexican Energy (Sener) Secretary Rocío Nahle has
Read more
By RICARDO CASTILLO Corona “Beerus” Brewery Nixed at Border A poll carried out by Mexico’s Interior Secretariat (SeGob) over the past weekend (Saturday, March 21, and Sunday, March 22) resulted in an overwhelming vote against the establishment of Corona beer manufacturer Constellation Brands mega-brewery in the Mexican border city of Mexicali, on the Mexican side of Calexico and Imperial Valley,
Read more
By RICARDO CASTILLO Which Border Wall Did Trump Mean? Oh, my God! Not again!!! U.S. President Donald Trump reignited his 2016 campaign war cry while stumping in Wildwood, New Jersey, on Tuesday, Jan. 28, saying that he would make Mexico pay for the border wall. After describing costs and the 400-mile-stretch already built of his “beautiful” wall, Trump capped his
Read more
By THÉRÈSE MARGOLIS The strong and ever-growing bilateral relationship between India and Mexico was the focus of Indian Ambassador to Mexico Manpreet Vohra’s Republic Day speech during the diplomatic reception he and his wife Naseem Vohra offered at their residence on Monday, Jan. 27. “India and Mexico enjoy a close and friendly relationship, as well as a privileged association since
Read more
XINHUA Hong Kong and Mexico signed a bilateral Investment Promotion and Protection Agreement (IPPA) to strengthen mutual economic ties, the Hong Kong Special Administrative Region (HKSAR) government announced on Friday, Jan. 24. The agreement, signed in Davos, Switzerland, one day earlier by representatives of the two sides on the sidelines of the World Economic Forum Annual Meeting, is intended to
Read more
By RICARDO CASTILLO Zero Coronavirus Cases Regardless of the initial alarm in Mexico about potential coronavirus cases, on Thursday, Jan. 23, Health Secretary Jorge Alcocer Varela emphatically denied “any confirmed cases” of the disease. There were, however, two confirmed reports of persons “under observation,” who were finally declared to be ill with “common colds.” One was a doctor in Reynosa,
Read more
By RICARDO CASTILLO AMLO-Trump: The Art of the Deal The smoke screen left behind on Thursday, Dec 5, by the noisy visit of U.S. Attorney General William Barr cleared rapidly over the next three days as U.S. President Donald Trump and his Mexican counterpart, Andrés Manuel López Obrador (AMLO) practiced both the art of the deal and quid pro quo
Read more
XINHUA … Mexico’s economy underwent a recession in the first half of 2019 and stagnated in the third quarter…
Read more