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
Read more
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
Read more
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 more
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
Read more
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
Read more
By RICARDO CASTILLO Vaccination Rush There are reports of complaints from all over Mexico that throngs of “influential” persons want to use their jobs in government to be the first in line to get access to the much-desired anti-covid vaccines. In Nogales, Sonora, on the border with Arizona, the Social Security for Government Employees (ISSSTE) officials pointed a finger at
Read more
By RICARDO CASTILLO Businesses Hit the Outsourcing Panic Button The start of an Open Parliament to discuss Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform of outsourcing practices forced the leading business organization representatives to call for an emergency meeting with him that very same day. The president received the businessmen at the National Palace. Given the positioning of
Read more
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
Read more
By KYLIE MADRY Foreign Meds to Flood In Mexico’s medicine shortage will come to an end, President Andrés Manuel López Obrador (AMLO) announced at his morning press conference Thursday, Oct. 29. The country signed a deal with the United Nations Office for Project Services (UNOPS) for 32 billion pesos to buy medicine from outside of Mexico, which, until a few
Read more
By RICARDO CASTILLO Little Parties on the Skid The Mexican Senate, presided over by Mónica Fernández of the National Action Party (PAN), dissolved the partisan representation of the Party of the Democratic Revolution (PRD) and the Social Encounter Party (PES) for not meeting the minimum of five senators to be counted as a party. The PRD, led by former Mexico
Read more