30,000 homes will use electricity generated by new solar plant

The inauguration of new solar plant in Progreso, Yucatán. 30,000 homes will use electricity generated by new solar plant Yucatán predicted to be self-sufficient in renewable energy in 3-4 years Sunday, June 9, 2019 273SHARES A new solar plant in Yucatán has the capacity to produce up to 18 megawatts of electricity and serve up to 5.3% of the state’s households. The San Ignacio solar plant, which covers 66 hectares in the municipality of Progreso, was inaugurated Friday by Governor Read More …

Mexico overtakes Canada, moves into 12th place among top exporters

Mexico’s export growth placed it ahead of Canada last year. EL ECONOMISTA Mexico overtakes Canada, moves into 12th place among top exporters It is the first time that Mexico’s exports have exceeded those of Canada Monday, March 25, 2019 Mexico overtook Canada to become the 12th largest exporter in the world last year, statistics show. The value of exports from Mexico increased by 10.1% in 2018 to US $450.92 billion, according to the National Institute of Statistics and Geography (Inegi), while Read More …

MEXICO CONSUMER CONFIDENCE REACHES HIGHEST LEVEL ON RECORD

March 5, 2019 •Reuters Mexican consumer confidence rose in February for a third consecutive month, hitting its highest level on record, data from the national statistics agency showed on Tuesday. Adjusted for seasonal swings, Mexico’s consumer confidence index rose to 119.9 in February from 113.2 in January, continuing the upward trajectory it has taken since President Andres Manuel Lopez Obrador took office in December. The data offers some respite for the leftist Lopez Obrador after a spate of recent warnings Read More …

Foreign tourism up 7.3% in first half of year; revenues rose 4.3%

A busy beach in Mexico. Foreign tourism up 7.3% in first half of year; revenues rose 4.3% Numbers were up across the board Monday, August 20, 2018 Tourism figures for the first half of the year show increases across the board, including 7.3% growth in foreign visitors. The June report by federal tourism data agency Datatur said 20.6 million international tourists arrived in Mexican destinations between January and June, up from 19.2 million during the same period in 2017. The revenue Read More …

Mexico says deal with U.S. on NAFTA issues may be ‘hours’ away

August 22, 2018 •Reuters Mexico says deal with U.S. on NAFTA issues may be ‘hours’ away   Agreement between Mexico and the United States on outstanding bilateral issues in renegotiating the North American Free Trade Agreement (NAFTA) could be just a few hours away, Mexican officials said on Wednesday. “We hope that we’ll have a solution in the next couple of hours, or the next couple of days,” Mexican Economy Minister Ildefonso Guajardo told reporters before entering the offices of Read More …

Great expectations for AMLO: survey reveals strong support

Poll results are nothing for AMLO to be unhappy about. Great expectations for AMLO: survey reveals strong support 69% expect things to improve during López Obrador’s presidency Wednesday, August 15, 2018 There are high expectations that things will get better under the incoming federal government, according to a new national poll that also shows the president-elect has strong support. The survey conducted by the newspaper El Universal between August 8 and 12 shows that 69% of those polled believe that Read More …

Business, government will build an economic power, double the growth rate

Ramírez, left, and López Obrador embrace after yesterday’s meeting. Business, government will build an economic power, double the growth rate New president meets with executives of Mexico’s biggest businesses Friday, August 17, 2018 The incoming federal government and the business community will work together towards turning Mexico into an economic power, the president-elect said yesterday. Speaking after a three-hour meeting with members of the powerful Mexican Business Council (CMN), Andrés Manuel López Obrador declared that Mexico has the capacity to Read More …

AMLO effect? Consumer confidence spiked 14.8% in July

Their confidence is way up. AMLO effect? Consumer confidence spiked 14.8% in July ‘Consumers have definitely given a positive vote to the electoral results,’ economist says Saturday, August 4, 2018 Mexico’s Consumer Confidence Index spiked sharply in July to its highest level in more than a decade, immediately after Andrés Manuel López Obrador — known as AMLO — won a landslide victory in the presidential election. The index rose 14.8% last month, the National Statistics Institute (Inegi) said yesterday, to Read More …

Priority given to 7 infrastructure projects costing 500 billion pesos

López Obrador, left, and incoming finance secretary Carlos Manuel Urzúa Macías at yesterday’s press conference. Priority given to 7 infrastructure projects costing 500 billion pesos Mexico City airport, Cancún-Palenque train, isthmus trade corridor, full internet coverage among them Tuesday, July 24, 2018 President-elect Andrés Manuel López Obrador announced yesterday that the next government will prioritize seven urgent infrastructure projects with an investment of 500 billion pesos (US $26.5 billion). The projects are the new Mexico City International Airport; a trade Read More …

Analyst who predicted stronger peso is still bullish on the currency

The peso has strengthened since the election. BLOOMBERG Analyst who predicted stronger peso is still bullish on the currency Latest prediction is it will reach 18 to the dollar by the end of the year Wednesday, July 18, 2018 One of just two analysts who predicted the peso would strengthen after the July 1 election is still bullish, Bloomberg reported today. Ilya Gofshteyn at Standard Chartered Bank in New York forecast the currency would strengthen past 19 to the dollar Read More …