Mexico May Reassess Trade Relationship with China
China reportedly sells Mexico $119 billion in goods annually while only purchasing $11 billion in return
Read moreTag Archives: Rogelio Ramírez de la O
Sheinbaum Appoints Six New Cabinet Members
The new cabinet members are set to begin their positions once Sheinbaum takes office on Oct. 1
Read moreAMLO Reveals Deal for Railway Appropriation with Grupo México
According to López Obrador, Grupo México has volunteered to temporarily concede the 120 kilometers of tracks on Ferrosur’s southeastern Tehuantepec Isthmus Railroad to Semar in exchange for an extended eight-year concession period for this same stretch of tracks spanning from 2036 to 2044
Read moreJudge Stops Transfer of Mexican National Guard to Army
By MARK LORENZANA A federal judge indefinitely stopped the transfer of the National Guard (GN) to Mexico’s Secretariat of National Defense (Sedena), which was established in the reform decree published on Sept. 9 of this year, approved by the Mexican Senate. Sedena must now return, at least temporarily, operational and administrative control of the GN to the Secretariat of Security and Citizen Protection (SSPC). The Ninth District Judge
Read moreMexican Government Announces News Measures to Fight Inflation
XINHUA The Mexican government will take additional measures to counter rising inflation as part of the package against inflation and famine that took effect in May, Secretary of Finance Rogelio Ramirez de la O announced here Tuesday, Aug. 2. That package consisted of freezing the price on 24 basic products that Mexicans consume on a regular basis. However, despite that
Read moreMexican Treasury Releases Another 22.5 Billion Pesos for Dos Bocas
By MARK LORENZANA Mexican Treasury Secretary Rogelio Ramírez de la O said he authorized a transfer of 22.5 billion pesos, labeled as “urgent,” to the Dos Bocas refinery in the southeastern Mexican state of Tabasco — one of President Andrés Manuel López Obrador’s (AMLO) controversial pet projects — at a meeting of the board of directors of state-run oil giant
Read moreAMLO Announces New Package Against Inflation and Famine
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,
Read moreBanxico Hikes Interest Rates to Fight Inflation
By THE PULSE NEWS MEXICO STAFF The Central Bank of Mexico (Banxico) on Thursday, March 24, increased its baseline interest rate by 0.50 percentage points to 6.5 percent in response to soaring inflation, which reached 7.29 percent in the first half of March. This was the seventh time in a row that Banxico has raised the rate, and the third
Read moreOECD Says Mexico Needs ‘Comprehensive Reform’ to Boost Growth
XINHUA Mexico needs a “comprehensive reform agenda” to boost investment and economic growth, the Organization for Economic Cooperation and Development (OECD) said Monday, Feb. 21. After cutting its economic forecast for Mexico’s growth expectations for 2022 from 3.3 percent to just 2.3 percent, OECD Secretary General Mathias Cormann, warned that in order to spur higher growth, Mexico would have to
Read moreAMLO’s Not-So-Stringent Nonintervention Policy
OPINION By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) is a great defender of the concept of nonintervention in the affairs of other countries … except, when he’s not. Should the country in question be a pseudo-democracy such as Venezuela or Cuba, then he is more than willing to toss his unflinching values of nonintervention out the window
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