Tag Archives: Mexican Businessmen Council

The Dog Fight over Santa Lucía Airport

By RICARDO CASTILLO     One day yes and the next day no. Again we’re getting bombarded with news of judges ordering the cancellation of the still-to-be-built Santa Lucía Airport located just northwest of the Teotihuacán pyramida, to the north of Mexico City. As of last week, 80 suits had been filed on environmental grounds stating that the damage the airport would

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Mexico’s Economic Deceleration Due to Investor Mistrust of President

By RICARDO CASTILLO    Fear does not ride on a burro; it flies at the speed of sound! And spreading fear of President Andrés Manuel López Obrador’s (AMLO) economic policies seems to be the leading reason that Mexico’s Gross Domestic Product (GDP) has slumped markedly, to the point of reaching a minimal growth of 0.1 percent for the second quarter of

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CFE to Renegotiate $80 Billion Pipeline Debt

By RICARDO CASTILLO     The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth

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