By THE PULSE NEWS MEXICO STAFF The Mexican government’s Secretariat of Agrarian, Territorial and Urban Development (Sedatu) announced Monday, Jan. 17, that it had formalized the expropriation of 198 privately owned properties in three municipalities of Quintana Roo, through which the Tren Maya tourist train will pass, representing a total area of 2.41 million square meters. All the properties, which
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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 THE PULSE NEWS MEXICO STAFF Without bothering to offer a public tender, Mexico’s state-run and highly indebted oil giant Petróleos Mexicanos (Pemex) granted a contract of 37.341 billion pesos to two of its own subsidiaries for the lease of new oil tanker trucks in November. The contract constitutes the largest directly awarded so far during the current administration of
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By KELIN DILLON In an op-ed published on Sunday, Nov. 28, respected daily newspaper The Wall Street Journal (WSJ) publicly lambasted Mexican President Andrés Manuel López Obrador’s (AMLO) decree to automatically authorize all public projects determined to be a matter of national security by the government and subsequently placing the initiatives under the jurisdiction of the Mexican military, with the
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By KELIN DILLON In a presidential decree published in Mexico’s Official Gazette of the Federation on Monday, Nov. 22, Mexican President Andrés Manuel López Obrador (AMLO) determined all projects and works sanctioned by the nation’s government a matter of national security, drawing widespread criticism toward López Obrador’s continued prioritization of his favored pet projects and subsequent dwindling transparency to the
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By THE PULSE NEWS MEXICO STAFF In what has been deemed by critics as a serious blow to Mexican democracy and political transparency, President Andrés Manuel López Obrador (AMLO) issued a presidential decree late Monday, Nov, 22, declaring all his administration’s mega infrastructure projects as “matters of public interest and national security.” The decree, which was immediately met with opposition
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By KELIN DILLON On Wednesday, Nov. 10, Mexico’s in-power National Regeneration Movement (Morena) and its allies passed the country’s proposed 2022 budget through Congress without any financial reductions, despite the opposition’s request for such, in a 274 to 219 split vote. The move will see 7.08 billion pesos allotted for all of Mexico’s expenditures in the upcoming year, controversially allocating
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By JESSICA GUERRERO MORELIA, Michoacán — In the southwest corner of Mexico’s northern state of Sonora, the remnants of one of the country’s oldest ethnic groups can still be found: the Yaqui people, who despite a tumultuous relationship with the government throughout modern Mexican history, have remained standing and constantly fighting for their land and basic human rights. The indigenous group,
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By THE PULSE NEWS MEXICO STAFF One of Mexican President Andrés Manuel López Obrador’s (AMLO) pet megaprojects — the construction of multi-billion-peso Tren Maya tourist train across the Yucatan Peninsula — keeps getting costlier and costlier, while projections for its completion keep getting delayed. According to the National Fund for the Promotion of Tourism (Fonatur), the Tren Maya will cost
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By KELIN DILLON In response to the Mexican federal government’s proposed budget for 2022, experts across multiple sectors have expressed concern that the steep financial allocations to megaprojects will leave the nation with little maneuvering room should unforeseen contingencies arise. “The budget has little room for maneuvering, and that room that we should use to stimulate the country’s growth has
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