Category

Business and Economy
As part of the entry into force of the trade agreement between Mexico, Canada and the United States, USMCA (T-MEC in Mexico), the off-road vehicle company Bombardier Recreational Products (BRP) announced that it will build a plant to produce four-wheel vehicles in Ciudad Juárez, Chihuahua. The investment includes a sum of $136 million US dollars....
Read More
Mexican airline Aeromexico said on Tuesday it had begun restructuring under Chapter 11 proceedings, the latest Latin American airline to run into serious trouble as the coronavirus pandemic wreaks havoc on tourism and business travel. In a statement, Aeromexico categorized the Chapter 11 process as “voluntary” and said it was sticking to its goal of...
Read More
Mexico’s economy posted a record contraction in April, official data showed on Friday, as the effects of the coronavirus lockdown devastated economic activity, particularly in manufacturing. Adjusted for seasonal swings, Latin America’s second-biggest economy contracted 17.3% from March, the biggest fall since modern data began being published in early 1993, according to figures put out...
Read More
Raymundo, a handicrafts vendor and renter of tables, chairs and umbrellas on the beach in Puerto Vallarta, appreciates being away from home again, doing the job he has done for more than 10 years. “We were already seeing the reality as difficult, the savings have been gone for weeks and we no longer knew what...
Read More
Starting this Monday, June 15, the shopping malls, outdoor spaces, gyms and sports clubs that were closed due to COVID19 may restart operations in Jalsico. According to the publication this Sunday in the Official Newspaper of the State of Jalisco, these activities may restart operations, complying with the sanitary measures, protocols, and commitments. In the...
Read More
An irony of the coronavirus pandemic is that the idyllic beach vacation in Mexico in the brochures really does exist now: The white sand beaches are sparkling çlean and empty on the Caribbean coast, the water is clear on the Pacific coast and the waters around the resort of Los Cabos are teeming with fish...
Read More
Mexico’s economy shed 344,526 formal jobs in May because of the novel coronavirus pandemic, pushing the number of lost jobs in the last three months above 1 million even as the pace of layoffs slowed down. Widespread confinement measures in place since late March have ravaged Mexico’s economy, second largest in Latin America. Economists predicted...
Read More
One might think Mexican immigrants in the U.S. would be sending less money home to their families as a result of the coronavirus. The 11.2 million people of Mexican origin living in the United States together send upwards of US$38 billion to Mexico each year. This money, called remittances, supports the basic necessities and financial...
Read More
Mexico received 78.5% fewer international tourists in April than in the same month of 2019, going from 3.6 million to slightly less than 780,000 travelers due to the COVID-19 pandemic, the National Institute of Statistics and Geography (INEGI) reported today. The main decrease, of 98.1%, was in tourists arriving by air, which last year represented...
Read More
Mexico is facing its deepest recession in decades and prominent investors believe it could soon follow state oil company Pemex in seeing its credit rating relegated to “junk” territory as the COVID-19 pandemic rages on. Losing the investment-grade rating that Latin America’s second-largest economy has held for almost two decades would be a bitter blow...
Read More
Mexico has taken out a $1 billion loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday. El Economista said the Mexican government asked the World Bank for the loan on May 19 to deal with the impact of the pandemic, and got...
Read More
The Carlos Slim Foundation made a donation for $30 million pesos for the strengthening, conversion, and hospital equipment in Jalisco to face the COVID-19 pandemic. “The financial support was made through the State Health Secretariat, which was in charge of the hospital reconversion that allows it to have a specialized unit for the care of...
Read More
Mexican economic activity contracted by less than initially estimated during the first quarter as the coronavirus began to have an impact, but the economy was considerably weaker coming into 2020 than previously reported, data showed on Tuesday. Figures from national statistics agency INEGI showed that Latin America’s second-biggest economy shrank by 1.2% during the January-March...
Read More
Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases. Mexican officials in mid-May said the automotive industry could exit the coronavirus lockdown before June 1 if approved safety measures were in...
Read More
Almost one in every two people in Mexico believes the economic situation has deteriorated during the past six months, and many expect a recovery to take more than a year, an opinion poll showed on Monday. Key motors of the Mexican economy have stalled since the government imposed lockdown measures against the coronavirus pandemic in...
Read More
1 2 3 42

PVR Property Management