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,
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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
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By RICARDO CASTILLO “He slammed the door on us!” That quote is from Mexico’s Business Coordination Council (CCE) president Carlos Salazar Lomelín regarding the meeting he and other business leaders had on Monday, April 6, with Mexican President Andrés Manuel López Obrador (AMLO) concerning the nation’s booming unemployment quagmire. AMLO said his doors are open, but that he disagrees with
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