Tag Archives: Walmart

AMLO Blames Private Businesses for Price Increases

By MARK LORENZANA President Andrés Manuel López Obrador (AMLO) on Wednesday, Sept. 7,  accused businessmen in Mexico of increasing their profits especially in times of crisis, claiming that the Mexican Treasury will now ask them for an explanation. In his Wednesday morning press conference, López Obrador said that private businesses should instead help control price increases. He specifically mentioned the

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The Mexican Treasury’s Capricious Dolling out of Fines

OPINION By THÉRÈSE MARGOLIS There is no accounting for how Mexico’s Treasury Secretariat’s (Hacienda) Tax Administration Service (SAT) decides who to prosecute and who to let slide, other than the fact that, like all government offices directly under Andrés Manuel López Obrador (AMLO), it takes its orders from the president. On Friday, July 29, the SAT notified the internationally disgraced

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AMLO 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,

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Mexican Tax Collector Exhausts Big Corporation Payouts

By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of

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Garnier, Walmart Launch Campaign to Clean up Oaxaca Beaches

By THÉRÈSE MARGOLIS Garnier, a division of L’Oréal Paris, in conjunction with Walmart México and the World Research Institute (WRI), a global environmental organization that works with governments and private organizations to protect nature, launched a Mexico-wide program on Sept. 15 to raise money to clean up a portion of Oaxaca’s beaches. The program consists of Garnier donating 1 peso

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‘Buen Fin’ Could Be Boon for Mexican Economy


By KYLIE MADRY Mexico’s “Buen Fin” shopping bonanza could be a much-needed boost to the economy – if the country doesn’t slide back into coronavirus lockdown restrictions before then, officials said Wednesday, Nov. 4. The Confederation of National Chambers of Commerce, Services and Tourism (Concanaco Servytur) announced that this could be the highest-earning Buen Fin yet, hoping to top 2019’s

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