Friday, May 29, 2020

Business & Economy

Fiat Chrysler restarts operations in Mexico

Fiat Chrysler Automobiles (FCA) Mexico restarted operations at its Mexico plants, but only at 40 percent of capacity to make it an orderly process. In response to El Financiero, the company said that on May 25, it started operating...

Fitch worsens economic forecast for Mexico; expects 7.4% contraction

The firm noted that the nation is one of the most affected by the coronavirus pandemic. The rating agency Fitch Ratings announced on Tuesday its estimate for the Mexican economy during 2020, where it expects a contraction of 7.4 percent...

Mexico’s foreign trade falls 41%

Mexican exports plummeted 41 percent annually in April, their biggest decline in 34 years, in the face of the impact of sanitary contingency measures due to COVID-19. In the fourth month of the year, the value of merchandise exports was...

Sectur: The country’s main airlines will not go bankrupt due to COVID-19

The head of the Ministry of Tourism, Miguel Torruco, assured this Tuesday that Viva Aerobus, Aeroméxico, Volaris, Interjet and Aeromar, the main airlines in the country, will not fail due to the health crisis that has caused the worst...

Cemex will build six mobile hospitals in 15 days for patients with COVID-19

Cemex will simultaneously build six mobile hospital modules in six cities in the country, in record time of 15 days to serve patients with COVID-19. In a statement released this Wednesday, Cemex reported that the medical units, whose regular construction...

Delayed June 1 manufacturing restart will hurt automakers

Specialists considered that this will further impact the regional economy and also the confidence that the industrial industry has in the country. The Mexican government's decision to restart transportation equipment manufacturing and auto parts manufacturing until June 1, instead of...

Only 3 out of 10 eligible small businesses applied for government assistance

The micro-business loan closes records with just over 180,000 beneficiaries within a few 'hours of life', as their records will be closed at midnight. Until May 15, the word solidarity credit program registered 180 thousand 193 approved applications, reported...

Private sector calls to revoke Sener’s agreement on clean energy; threatens legal action

In this regard, Concamin considered that said agreement trampled on the rights of all participants in the national electricity sector. The private sector as a whole, from the twelve organizations represented by the Business Coordinating Council (CCE) to the American...

Six new oil discoveries reported between January and March in Mexico

These fields add resources for 338 million barrels of oil. In the first quarter of the year, various companies made six oil discoveries in the country, of which five were found by Petróleos Mexicanos (Pemex) and one by the...

Treasury informs governors of 89.2 billion peso reduction in support

The Secretary of the Treasury, Arturo Herrera, informed the governors, through a videoconference, that liquidity is essential to face the health emergency and protect the local economy. The Ministry of Finance and Public Credit (SHCP) held a virtual meeting on...

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Displaced indigenous people of Chiapas, at risk of famine

There are 3,304 indigenous people from municipalities located in the Altos de Chiapas area, who were expelled from their communities as a result of...

CDMX delivers 92% of microloans

The mayor's office where the largest number of supports were delivered The Government of Mexico City has granted 50 thousand credits of 10,000 pesos,...

Fiat Chrysler restarts operations in Mexico

Fiat Chrysler Automobiles (FCA) Mexico restarted operations at its Mexico plants, but only at 40 percent of capacity to make it an orderly process....

FGR investigates murder of Alfonso Isaac Gamboa, Treasury official during EPN presidency

Gamboa Lozano was killed on May 21 at the Brisas de Temixco subdivision, Morelos, along with two men and two women. The Attorney General's...

Automotive industry resumes work in Aguascalientes

Under protocols and sanitation measures, Nissan reincorporates more than 4,000 employees. Nissan's A2 plant started operations 100% yesterday and announced the resumption of shipments to...

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