By KELIN DILLON Following his ratification as the head of Mexico’s Secretariat of Finance and Public Credit (SHCP), incoming Secretary of the Treasury Rogelio Ramírez de la O promised he would simplify the country’s tax structure in accordance with President Andrés Manuel López Obrador’s (AMLO) economic plan. “Small and medium taxpayers cannot meet their obligations with the complex and expensive
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By KELIN DILLON After Mexican President Andrés Manuel López Obrador (AMLO) already handed his pet project the National Guard and 35 billion pesos at the beginning of the year, López Obrador decided to give them yet another 50 billion pesos on Monday, July 26, more than doubling their already-appointed budget. AMLO said the added funds will help the National Guard
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By KELIN DILLON After much controversy over the subject, Mexico’s Secretary of Health Jorge Alcocer, former Secretary of the Treasury Arturo Herrera, and head of the Secretariat of Finance and Public Credit (SHCP) Thalía Lagunas are facing criminal complaints of contempt with the country’s Attorney General of the Republic (FGR) over their role in failing to deliver life-saving drugs to
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By KELIN DILLON In his press conference on the morning of Thursday, July 15, Mexican President Andrés Manuel López Obrador (AMLO) announced that the country’s Armed Forces will be taking control of the newly created National Customs Agency of Mexico (ANAM), with the transition set to happen within the next 180 days. “We are going to strengthen land and maritime
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By THE PULSE NEWS MEXICO STAFF Due to their speculative nature and frequent use for illicit purposes, cryptocurrencies are not and will not be legal assets in Mexico, Finance (SHCP, or Hacienda) Secretary Arturo Herrera said Monday, June 28. “Cryptocurrencies are prohibited for use in the Mexican financial system. There is nothing that is expected to change on that issue
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By THE PULSE NEWS MEXICO STAFF Despite the fact that Mexico still ranks in fourth place in the number of covid-19 deaths (after the United States, India and Brazil), President Andrés Manuel López Obrador’s (AMLO) administration has committed far more financial resources to his pet Tren Maya tourist train than to public health efforts to curb the pandemic, according to
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By KELIN DILLON Mexico’s Secretariat of Finance and Public Credit (SHCP) announced the country has been placed on the U.S. Department of Treasury’s monitoring list for financial irregularities and currency practices based on methodology studying the two countries’ bilateral trade in 2020, Mexico’s first appearance on this list. “Mexico met two of the three criteria in this report, having a
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By KELIN DILLON All proceeds from the Tren Maya, Mexican President Andrés Manuel López Obrador’s longtime pet project, will be given to Mexico’s Secretariat of National Defense (Sedena), announced general director of the National Fund for the Promotion of Tourism (Fonatur) Rogelio Jiménez Pons on Monday, March 15. The tourism official revealed to El Financiero that the complete 1,500-odd kilometers
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By RICARDO CASTILLO New Mexican Tourist Resort Mexican President Andrés Manuel López Obrador (AMLO) Saturday visited the largest of the three islands, popularly known as “Las Marías,” off the coast of Nayarit in the Pacific Ocean. During his visit, AMLO announced that in three months the archipelago, which once served as a federal prison, would open up to tourists as
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By KELIN DILLON According to figures from Mexico’s National Institute of Transparency, Access to Information and Protection of Personal Data (INAI), Mexican President Andrés Manuel López Obrador’s (AMLO) presidential office is among the top 10 least transparent agencies in the government, based on it having one of the lowest response rates to public requests for information. The Office of the
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