Sunday, June 7, 2020

Business & Economy

Infonavit affiliates see less difficulties to pay loans despite health emergency

Workers' perception of a negative scenario to pay their mortgage loans decreased from 50 to 30% from April to May, a study by the Institute revealed. The percentage of borrowers from the National Workers' Housing Fund Institute (", Infonavit,")...

Government includes domestic workers and credit freelancers for COVID-19

These people will make a monthly payment of 823.70 pesos after the three-month grace period on loans of 25 thousand pesos. The Ministry of Economy published on Wednesday a series of modifications in the agreement for the Operation of...

Mexican Stock Exchange proposes Marcos Martínez Gavica as the new Chairman of the Board

If his appointment is approved, Martínez Gavica would replace Jaime Ruiz Sacristán, who died last April after testing positive for the coronavirus. The Mexican Stock Exchange reported this Wednesday that it will call a shareholders' meeting to propose the...

HSBC launches 3-month grace mortgage loans

During the deferred months, HSBC will cover the payment of life and credit damage insurance, explained Enrique Margain Pitman, executive director of the bank's Mortgage and Automotive Credit. For those who are planning to acquire a home, HSBC presented...

Automotive industry in Mexico commits to accelerate reopening of activities

In a statement sent by the Mexican Association of the Automotive Industry, said sector recognized the government's effort to consider it an essential industry during the health emergency. Faced with the global economic uncertainty caused by COVID-19, the automotive...

Grupo Radio Centro defaults on payment and offers holders restructuring plan

The company's proposal, which will be put to the vote next Thursday, contemplates extending the maturity date of said papal workers until November 2029. Grupo Radio Centro (GRC) proposed a new plan to restructure their debt and extend the...

Only 6% of Mexicans are interested in buying a car this year for COVID-19

According to the consulting firm JD Power, 21% of those surveyed expect the new coronavirus pandemic to 'translate' into promotions and discounts. Only 6 percent of Mexicans intend to buy a car in the next 12 months, according to...

Banxico publishes first operating rules to access financial support

Last April, the Central Bank announced a series of measures for an amount of up to 750 billion pesos. The first operating rules to access liquidity programs that Banco de México (Banxico) announced in April were published this Wednesday,...

50% of homes in Mexico have irregularities: National Institute of Sustainable Soil

José Iracheta, director general of the institution, reported that there are between 6.3 and 7.5 million irregular lots out of a total of 30.1 million habitable lots. In Mexico there are between 6.3 and 7.5 million irregular lots out...

555 thousand formal jobs are lost in April; total more than 685 thousand counting March

Quintana Roo registered a drop in jobs of 18.1% annually; Baja California Sur and Guerrero followed in second and third place, respectively. The Mexican Social Security Institute (IMSS) reported this Tuesday that in April 2020, 555,247 formal jobs were...

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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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