XINHUA Mexico and Ecuador made “substantial progress” toward a Productive Integration Agreement in the ninth round of negotiations held between Monday, May 23, to Friday, May 27, in Quito, the Ecuadorian Ministry of Production, Foreign Trade, Investment and Fishing said Monday, May 30. “The negotiating teams of both countries held high-level technical meetings in which significant progress was made with
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By KELIN DILLON While the lengthy and controversial saga between Mexico’s federal government and private sector energy has been going on for some time now, recently implemented changes to the network code of Mexico’s national power grid will once more see the state-owned Federal Electricity Commission (CFE) given priority upload over the private sector and green energy alternatives. Mexico’s first
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By KELIN DILLON In a collaborative move between Mexico’s federal government and its private sector, President Andrés Manuel López Obrador (AMLO) announced a new price control initiative – the Package Against Inflation and Famine (PACIC) – to the public during his daily morning press conference on Wednesday, April 4. Th package establishes cost protection for 24 “basic basket” supermarket items,
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By THE PULSE NEWS MEXICO STAFF As inflation in Mexico continues to surge month-after-month, hitting 7.45 percent in March, President Andrés Manuel López Obrador (AMLO) announced on Tuesday, April 26, the framework of his plan to reduce price increases by forming a pact with private-sector producers and distributors. In his proposed plan to control the cost of eggs, milk, oil,
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OPINION By THÉRÈSE MARGOLIS Despite the fact that just five months ago, Citigroup CEO Jane Fraser met with Mexican President Andrés Manuel López Obrador (AMLO) at the National Palace, declaring that the international financial group considered Mexico “a country of opportunities” thanks to its economic, political and social stability, the corporation announced on Tuesday, Jan. 11, that it would be
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By KELIN DILLON As widespread political debate over Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform to the country’s electricity legislation, which would grant the state-owned electricity company, the Federal Electricity Commission (CFE), a 54 percent market share compared to 46 percent by the private sector, both AMLO and CFE CEO Manuel Bartlett Díaz have spoken publicly in its
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By KELIN DILLON As the Mexican government continues its quest to give state-owned oil company Petróleos Mexicanos (Pemex) majority control over the nation’s energy market, it has now closed a number of privately owned terminals used to import fuel across the country. In the past month and a half alone, three terminals in Tuxpan, Puebla and Hermosillo were closed by
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By KELIN DILLON In the first of a set of constitutional reforms proposed by Mexican President Andrés Manuel López Obrador (AMLO), Mexico’s upcoming electricity reform will see the state-owned Federal Electricity Commission (CFE) collaborate with the country’s private sector on power plants, though the CFE will ultimately own the majority of projects. Within the proposal, the private sector is encouraged
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By KELIN DILLON Mexico’s Senate passed President Andrés Manuel López Obrador’s (AMLO) controversial outsourcing bill with near-unanimous approval on Tuesday, April 20, thus limiting the public and private sector’s ability to subcontract and outsource labor for projects. The bill passed through the Senate with 118 votes in favor, two in abstention and none against, allowing the reform to continue with
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By KELIN DILLON The controversial new changes to Mexico’s electricity law will now see the nation’s Secretariat of Energy (Sener) and Energy Regulatory Commission (CRE) review more than 20,000 permits granted to private individuals and enterprises in the energy sector under previous presidential administrations. The review will look into permits to operate and open service stations outside of the Petróleos
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