Category

Business and Economy
Rodolfo Gonzalez Munguia has been named Managing Director of the Grand Velas Riviera Maya. The appointment is effective immediately. “We look forward to his talented leadership helping us reach even higher levels of distinction, service and excellence in our “Beyond All Inclusive, Beyond all Compare” resort, ” said Eduardo Vela Ruiz, President of Velas Resorts....
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Recently, the World Bank released statistics revealing, for the first time in history, that by 2016 Latin America’s middle classes will outnumber the region’s poor. For a region that has been marked by exclusion, poverty and inequality this is no small matter. The rise of this arriviste class comes from more than two decades of...
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In the next two weeks, Mexico’s lawmakers are expected to release a series of Mexico energy reform bills, known as the secondary laws, that should begin to delineate how the revolutionary energy reforms approved last December will be implemented. Prior to the reforms, Mexico had the most closed energy regime of any country in the...
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Holiday Inn Express Hotel in Puerto Vallarta Announced. InterContinental Hotels Grouphas introduced one of its most successful brands to Puerto Vallarta with the opening of the 115-room, six-story Holiday Inn Express® hotel in Puerto Vallarta. Equipped with 15 suites, this is IHG’s second hotel in Puerto Vallarta, adding to the company’s hotels in the area....
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Travel and Tourism in Mexico to 2018 is a new market research publication announced by Reportstack. The global financial crisis in 2009 had a negative impact on the Mexican travel and tourism sector during the review period (2009–2013). Economic conditions improved and, in 2010, the tourism sector showed signs of recovery, with growth recorded in...
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During an address at the Business School on Monday, former President of Mexico Felipe Calderon argued that although private sector companies are often hesitant to adopt climate change initiatives, minimizing carbon emissions may prove extremely profitable. The conversation, which was titled “Climate Change and Business,” attracted dozens of graduate students from the Business and Kennedy...
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After a weak start in 2014, enthusiasm for Mexico, which passed a landmark energy reform and is undergoing anti-trust reforms in the communications industry, is fizzling out. Year-to-date, the iShares MSCI Mexico Capped Index (EWW) lost 6.9%, while the iShares MSCI Brazil Capped ETF (EWZ) rewarded investors with 5.3%. Analysts have scaled back their growth...
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The convenience store chain Oxxo, of FEMSA, ranked second retailer in terms of sales per square meter last year, behind Walmart, but above three of the major supermarket brands in the country, Comercial Mexicana, Soriana and Chedraui. According to the quarterly data from Invex Analysis and the businesses, last year, Oxxo’s average sales per square...
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Fisterra Energy, a company majority owned by funds managed by Blackstone (NYSE:BX), and Blackstone Energy Partners, Blackstone’s energy-focused private equity business, today announced it has reached a financial closing for Ventika, Mexico’s largest onshore wind farm upon completion and one of the largest wind farms in Latin America. Ventika will be located in the northeastern...
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Latin America, dominated mostly by Brazil, seems to have lost luster since the taper talk was initiated in the U.S. last year. Apart from the external shocks, many nations in this corner of the world are lacking structural reforms and grappling with poor public finances as well as reduced foreign investment. As per the Inter-American...
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Canadian banking giant Scotiabank plans to finance oil industry projects worth $10 billion in Mexico over the next four years, a high-level executive said. Oil giants BP and ExxonMobil are among the companies interested in developing projects in the Gulf of Mexico, Scotiabank’s Latin America director, Paul D’Agata, told Efe. A large number of mid-sized...
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In the coming days the National Institute of Entrepreneurship will be holding classes in Puerto Vallarta to promote entrepreneurship and assist those business owners who have less than one-year of operation. The Director of Municipal Economic Development, Alvaro Mora, states they are providing advice to entrepreneurs with the aim of having the necessary training and...
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Enrique Peña Nieto, Mexico´s president and Ricardo Martinelli, president from Panamá signed yesterday, after eight months of negotiations, a Free Trade Agreement in the IX World Economic Forum on Latin America in Playa Bonita, Panama. This Free Trade Agreement (FTA) seek to establish as a platform to produce and distribute goods and services to the...
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MEXICO CITY: Most of Mexico’s central bankers were convinced that a spike in inflation has likely passed while the majority said short-term risks to growth had increased, minutes released on Friday showed. Central Bank board members voted at their March 31 meeting to hold their benchmark interest rate at a record low of 3.50 percent....
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