XINHUA Mexican police seized 627 kilograms of cocaine and arrested the driver of the truck transporting it in the southern state of Chiapas, near the border with Guatemala, the Fiscal General’s Office said on Monday, Sept. 21. According to the office, federal police seized the drugs at a checkpoint in the city of Huixtla, about 80 kilometers from the Chiapas-Guatemala
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XINHUA The Mexican government stressed on Sunday, Sept. 20, its willingness to work closely with U.S. authorities to combat drug trafficking and dismantle drug trafficking rings. “The government of Mexico reiterates its willingness to continue working closely and in coordination with U.S. authorities for the benefit of the safety and health of the inhabitants of both countries, based on the
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XINHUA Mexico’s Business Coordinating Council (CCE) has launched an online platform to support businesses affected by the novel coronavirus (covid-19) pandemic, the country’s leading business lobby said. The website “ImpulsaTuEmpresa.mx,” which means “promote your company,” offers business owners detailed information on sources of financial aid, as well as information on healthcare and lockdown measures in their region. “In the coming
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XINHUA Mauricio J. Claver-Carone, a senior White House official, was elected on Saturday, Sept. 12, to head the Inter-American Development Bank (IDB) amid strong opposition from Latin American countries and senior experts. Claver-Carone, who will succeed current President Luis Alberto Moreno, will take office on Oct. 1 for a five-year term, the IDB said in a statement. The IDB, bowing
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XINHUA The loss of formal jobs in Mexico due to the covid-19 pandemic will be more evident in the manufacturing and tourism sectors, and the recovery will be prolonged, the international credit rating agency Moody’s Analytics said on Thursday, Sept. 10. In a report on Mexico, the U.S.-based agency indicated that despite signs of rebound in certain jobs, the recovery
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XINHUA International tourism arrivals in Mexico plummeted 66.6 percent in July compared to the same month last year due to a drop in air traffic, the National Institute of Statistics and Geography (Inegi) said on Thursday, Sept. 10. Just over 1.39 million foreign visitors traveled to Mexico in July, compared to over 4.16 million in 2019, according to the Inegi
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XINHUA Mexico’s public debt will remain stable over the coming years despite the damage to the economy in 2020 caused by the novel coronavirus (covid-19) pandemic, President Andrés Manuel López Obrado (AMLO) said Wednesday, Sept. 9. AMLO’s administration submitted a budget proposal for 2021 that aims to reduce the so-called Historical Balance of the Public Sector Financial Requirements to 53.7
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XINHUA Gross fixed investment in Mexico rose 20.1 percent in June compared to May, its first increase after four months of poor performance amid the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said. However, the indicator plummeted 24.1 percent in June compared to the same month of 2019, dragged down by a drop in construction and the
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XINHUA Vehicle production in Mexico fell by 13.15 percent in August compared to the same period last year, while exports fell 8.59 percent in the same period year-on-year, the National Institute of Statistics and Geography (Inegi) reported on Friday, Sept. 4. According to the Inegi, Mexico manufactured 293,463 vehicles in August of this year, with 257,610 destined for foreign markets.
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