According to the state-owned oil giant, the drop in profit is the result of a decrease in total sales, the increase in the impairment of fixed assets and the lower income from the resale of products.
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One of the biggest contracts is for the so-called Lake Texcoco Ecological Park, which is being built on the land where the Mexico City New International Airport was to be constructed before it was canceled by López Obrador at the beginning of his term
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The most obvious problem about the sale was that López Obrador got rid of the plane at a loss, and a massive one at that: It was originally acquired by former President Enrique Peña Nieto for $200 million, and then finally sold by AMLO to Tajikistan for a mere $92 million
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While the workers’ protest marches filled the capital, President Andrés Manuel López Obrador offered a three-hour speech from the National Palace
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In just over four years, and with still 17 months to go, the administration of Mexican President Andrés Manuel López Obrador (AMLO) is on track to be the bloodiest six-year presidential term in the history of Mexico
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Mexico’s Chamber of Deputies — the majority bloc of which is composed of legislators from Mexican President Andrés Manuel López Obrador’s (AMLO) leftist ruling party, the National Regeneration Movement (Morena) — approved a reform to the General Health Law, which fast-tracked the closure of the Institute of Health and Wellbeing
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The recent spate of verbal attacks by Mexican President Andrés Manuel López Obrador on Mexico’s Supreme Court — particularly against Chief Justice Norma Piña — has yet again earned the condemnation of the New York City Bar Association
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Mexico’s Supreme Court is preparing to deal another blow to the federal government of Mexican President Andrés Manuel López Obrador
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Mexico’s Chamber of Deputies approved the proposal by President Andrés Manuel López Obrador to reform the nation’s mining law, but not before revising several points, chief among them extending mining concessions
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After Mexico’s Supreme Court blocked President Andrés Manuel López Obrador’s initiative to transfer the Mexican National Guard to the National Defense Secretariat, AMLO revealed that SCJN Chief Justice Norma Piña tried to negotiate with the federal government on the GN issue
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