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Mexico established a one-day waiting period on electronic money transfers of over $2,500 in the wake of a hacking attack that may have taken as much as $20 million from several Mexican banks. It was...
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Business and Economy News

MEXICO BUSINESS AND ECONOMY NEWS FROM THE NUMBER ONE ENGLISH NEWS SOURCE SERVING PUERTO VALLARTA, THE BAY OF BANDERAS AND BEYOND.

Record in tourism: 10.6 million visit Mexico in 3 months

The flow of international tourists to Mexico recorded historical figures; only in the month of March the figure reached four million people, that is 14.6% more than in the same month of 2017, reported the Ministry of Tourism. The federal agency said that from January to March of this year 10.6 million people visited Mexico...

‘Unauthorized transfers’ siphon funds from Mexican banks

An as yet unknown amount of funds were sucked out of at least five Mexican financial groups through “unauthorized transfers” in recent days, a top central bank official said on Friday, while stopping short of calling it a cyber attack. Lorenza Martinez, head of Banxico’s payment system, told Reuters that it was still unclear how...
Mexican economic growth

Preliminary data shows Mexican economic growth accelerated in the first quarter

Mexican economic growth accelerated in the first quarter, preliminary data showed on Monday, driven by a jump in activity in the service sector and solid advances in manufacturing and agriculture. Latin America’s second biggest economy grew by some 1.1 percent in seasonally adjusted terms compared with the previous three-month period, the estimate from the national...
emotional support animals

Flying to Puerto Vallarta on Alaska Airlines with emotional support animals?

If you are flying to Puerto Vallarta with Alaska Airlines, be aware they have updated their company policy worldwide on emotional support animals following an increase in incidents involving them on planes and in airports, including some customers and employees suffering bites. Starting May 1, customers flying with psychiatric service animals must provide animal health...
mexico exports

Mexico exports increase in first quarter of 2018 | INEGI report

Last March, the value of Mexico exports in merchandise increased 10 percent annually, compared to the same period of 2017, driven by automotive sales abroad, INEGI reported today. Thus, in the first three months of the year, the value of total exports reached over $590 million dollars, which meant an annual rise of 11.5 percent,...
TPP mexico

Mexico becomes the first country to ratify TPP trade deal as it moves forward without U.S.

Mexico’s Senate on Tuesday voted to ratify a Asia-Pacific trade agreement (TPP), making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States. Senators voted 73-24 to approve the pact, which was signed in March without the United States after U.S. President Donald Trump pulled...

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