XINHUA International tourism to Mexico plummeted 43.7 percent in October year-on-year, largely due to lower air passenger traffic, the National Institute of Statistics and Geography (Inegi) reported late last week. The number of foreign arrivals in the 10th month of the year was 2,042,486, compared to 3,628,423 in October 2019, according to the Inegi Survey of International Travelers. The breakdown
Read more
By RICARDO CASTILLO New Dollar Revenues Law The Mexican Senate approved a bill on Wednesday, Dec. 9, stipulating that all foreign currencies income flowing into Mexico should stay in the nation and not be allowed to be repatriated to the country of its origin. The board of directors of Mexico’s central bank, Banco de Mexico (Banxico), immediately challenged the bill,
Read more
By RICARDO CASTILLO AMLO Reshuffles his Queens The reshuffling of women in the Mexican presidential cabinet that was announced on Monday, Dec. 7, may not be to the liking of many, but the dice have already rolled and the shots stand. The problem with the five reappointed women in the cabinet of President Andrés Manuel López Obrador (AMLO) is not
Read more
By RICARDO CASTILLO Ominous Holiday Warning After expert epidemiologists forecast an ominous surge of covid-19 infections for January, Mexican President Andrés Manuel López Obrador (AMLO) issued a public call on Friday, Dec. 4, for people to avoid attending traditional holiday “posadas” gatherings, which usually begin in mid-December and run through Christmas Eve, and to stay home as much as possible
Read more
By RICARDO CASTILLO Alfonso Romo Quits Mexican President Andrés Manuel López Obrador’s (AMLO) chief of staff for the past two years, entrepreneur Alfonso Romo, turned in his resignation on Wednesday, Dec. 2. Speaking during his morning press conference on Thursday, Dec. 3, AMLO that Romo “will continue to be my liaison with the business sector.” “The truth is that he
Read more
XINHUA Vehicle sales in Mexico rose 13 percent in November compared to the previous month, for seven consecutive months of growth following the economic impact of the novel coronavirus pandemic, the National Institute of Statistics and Geography (Inegi) said on Wednesday, Dec. 2. Mexican distributors sold 95,485 vehicles in November, compared to 84,307 units the previous month, according to Inegi.
Read more
By RICARDO CASTILLO During his second annual State of the Nation Address on Tuesday, Dec. 1, Mexican President Andrés Manuel López Obrador (AMLO) said that, thanks to the mega energy projects his government has implemented and the financial rescue of the state-run Petróleos Mexicanos (Pemex) oil interest, the country will cease importing gasoline in the year 2023. “This will happen
Read more
By RICARDO CASTILLO Mexico Pre-Purchases Covid Vaccines Mexico clinched the purchase of 200 million anti-covid-19 vaccines to protect 100 million people (about 80 percent of the population), the Foreign Relations Secretariat (SRE) announced through Twitter on Friday, Nov. 27. SRE Secretary Marcelo Ebrard and the secretariat’s team of vaccine procurement buyers for individual laboratories and the World Health Organization (WHO)
Read more
By RICARDO CASTILLO Outsourcing Vote Postponed The Mexican Chamber of Deputies postponed the vote on the outsourcing regulation bill, which was slated to take place on Thursday, Nov. 26. Now, the debate over it will continue until sometime next week. The decision came after there was an exponential increase of speakers taking the podium from 70, on Monday, Nov. 23,
Read more
By RICARDO CASTILLO Businesses Hit the Outsourcing Panic Button The start of an Open Parliament to discuss Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform of outsourcing practices forced the leading business organization representatives to call for an emergency meeting with him that very same day. The president received the businessmen at the National Palace. Given the positioning of
Read more