By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) tested positive for covid-19 on Monday, Jan. 10, after announcing earlier in the day that he had woken with a soar throat and mild flu-like symptoms. AMLO made the announcement of his infection himself late Monday via his Twitter account, adding that he will isolate and work
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By RICARDO CASTILLO Pemex Drops Fitch, But It’s Not Reciprocal The Mexican state-owned oil company Petróleos Mexicanos (Pemex) dropped the international ratings firm Fitch from its budget on Tuesday, March 2, saying that it “no longer needs” the New York-based company’s services. Fitch’s ratings of the humongous Pemex debt has been harsh, and in its latest move. Fitch downgraded
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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
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By RICARDO CASTILLO Don’t Whine Later! The programmed meeting of the Permanent Committee of the Mexican Congress to discuss the revamping of the administration’s Expenditures Bill has been postponed for at least two weeks due to the expanding coronavirus pandemic. Chamber of Deputies Majority Leader Mario Delgado Carrillo said that he had talked over the phone with Senate President Mónica
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By RICARDO CASTILLO For the 19th year straight, San Miguel de Allende (SMA) entrepreneur and benefactor Luis Ferro de la Sota has organized the Universal Brotherhood Convivium, a weeklong arts festival at the end of May with members of the Universal Brotherhood Coexistence group. Ferro de la Sota selected the month of May based on the simple fact that SMA,
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