Navigating Mexico: Interest Rates Never Looked So Good
In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
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CompraNet Webpage Goes Down, Again
Despite a major investment by the Treasury in August to “repair access issues,” the platform has delivered only partial service over the last six months, with extensive downtime
Read moreMexico’s Opposition Parties Hang Tight for Next Election
OPINION By RICARDO CASTILLO For four Mexican opposition political parties, it is the lull before the storm, scheduled for Sunday, June 5, when elections for governor will be held in six states. For sure the leaders of those parties are keeping up the competitive spirit, claiming the candidates they support will come out victors, a hope contenders claim is wishful
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 moreCongress Goes on Untendered Spending Spree, Gives Deputies Huge Bonuses
By THE PULSE NEWS MEXICO STAFF Mexico’s lower house Chamber of Deputies pulled out all the stops when it came to spending in the second half of 2021, handing out untendered contracts right and left (well, maybe more left than right) for unbidded-on services and goods in an effort to use up its allocated annual budget. During the second session
Read moreThe President’s Salary
OPINION By ALEJANDRO ENVILA FISHER Since Andrés Manuel López Obrador (AMLO) took office three years ago, no government official in Mexico, be it fe3deral, state or municipal, nor member of any autonomous bodies or the country’s federal judicial powers, is allowed to have a salary higher than — or even equal to — that of the president. However, since a
Read moreMexican Treasury Plans to Send Accountants to Prison
By THE PULSE NEWS MEXICO STAFF Mexico’s Treasury Secretariat (SAT) on Monday, Sept. 27, announced that it plans to imprison accountants who it considers to be accomplices of corporate fraud if they do not report fiscal irregularities within the companies they audit. The tax package for 2022 proposes a return of the figure of a mandatory tax judge. Under the
Read moreMexican Attorney General Investigates Past President’s Allies
By THE PULSE NEWS MEXICO STAFF Mexico’s Attorney General’s Office (FGR) is apparently investigating the financial operators of former President Enrique Peña Nieto and his Secretary of the Treasury Luis Videgaray Caso, as well as those of former National Action Party (PAN) presidential candidate Ricardo Anaya Cortés, according to a report from the Milenio daily newspaper. Milenio said that those
Read moreMexican Auto Parts Exports Soar in First Quadmester
By THE PULSE NEWS MEXICO STAFF Mexico’s auto parts exports increased by 27.5 percent in the first four months of 2021, compared to the same period in 2020, according to the National Auto Parts Industry Association (INA). The surge — the largest increase since 2010 — was primarily the result of the implementation of the United States-Mexico-Canada Agreement (USMCA), which
Read morePT Legislator Racks Up Long List of Alleged Embezzlements
By THÉRÈSE MARGOLIS Mexican Labor Party Deputy Mauricio Toledo just can’t seem to dodge the bullets that keep being hurdled at him for alleged illicit enrichment and other criminal charges. Toledo, who took office in 2018 as part of the majority party National Regeneration Movement’s (Morena) leftist coalition, is currently being investigated by the Attorney General’s Office of Mexico City,
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