U.S. Cuts Interest Rates by 0.5%: What it Means for the Peso and Expats Living in Mexico Puerto Vallarta, Mexico - In a widely anticipated move, the U.S. Federal Reserve announced today that it is cutting interest rates by 0.5%, marking a significant shift in monetary policy aimed at boosting economic activity amid concerns about slowing growth. While the immediate impact of this decision will be felt across financial markets and the…
The Dark Side of Puerto Vallarta’s Tourism Boom: 650 Tons of Garbage Left Uncollected on Streets Puerto Vallarta, Jalisco – Over the weekend, the ongoing garbage collection crisis in Puerto Vallarta intensified as dozens of neighborhoods reported a complete absence of collection services. Residents in areas such as Volcanes, Ecoterra, Univa, Palmar de Aramara, Ixtapa, Las Juntas, and several other communities have stated that garbage trucks have not passed since the…
Are Americans Souring on Mexico? The Truth Behind Mexico’s Tourism Drop The Sustainable Tourism Advanced Research Center (STARC) at the Universidad Anáhuac Cancún has raised concerns about a challenging close to 2024 for Mexico's tourism industry. The center predicts a reduction in available airplane seats and a decline in international and domestic flights, particularly affecting the country's top beach destinations, including Cancún, Los Cabos, and Puerto…
The Mexican Peso Just Made a Surprising Comeback – See What’s Behind the 4.73% Jump Puerto Vallarta, Mexico - The Mexican peso saw a modest appreciation against the US dollar on Tuesday, closing at 19.1399 pesos per dollar, reflecting a 0.39% gain or 7.43 cents compared to last Friday’s close. The data, reported by the Bank of Mexico (Banxico), highlights the peso’s strengthening, as the currency has consistently gained ground…
American Retiree Shares Mixed Experiences After Moving from Texas to Puerto Vallarta Puerto Vallarta, Mexico - As Mexico continues to see an influx of expatriates from the United States, a growing number of Americans are moving south in search of new experiences, a more relaxed lifestyle, or, in some cases, to stretch their retirement savings. Geary Bartmess, a retired lawyer who lived in Texas for 35 years,…
Mexican Peso Declines as U.S. Federal Reserve Cuts Interest Rates The Mexican peso started Thursday with a slight decline following the U.S. Federal Reserve’s decision to cut its interest rate, sparking changes in global financial markets. The exchange rate for the U.S. dollar today, September 19, 2024, is 19.30 pesos per dollar, as investors continue reacting to the Fed’s move to ease monetary policy. The…
Two Beaches in Puerto Vallarta Revalidate Blue Flag Certification for 2024-2025 Season Puerto Vallarta, Jalisco – The Westin and Marriott resort hotels in Puerto Vallarta have successfully revalidated their Blue Flag certifications for the 2024-2025 season, marking the second consecutive year these hotels have earned this prestigious environmental recognition. Unfortunately, the city has seen a decline in the number of Blue Flag beaches, with several certifications lost…
Massive 8.0 Earthquake Simulation Set to Shake Puerto Vallarta – How Prepared is the City? Puerto Vallarta, Jalisco – Thursday, September 19, a macro earthquake drill will be conducted across Puerto Vallarta, as organized by the Jalisco State Unit for Civil Protection and Firefighters (UEPCBJ). The exercise, which simulates an earthquake of magnitude 8.0, aims to raise awareness and improve response readiness to seismic activity in one of Mexico's most…
Puerto Vallarta Airport Receives Triple Certification for Quality, Sustainability, and Modernity Puerto Vallarta, Mexico – The Puerto Vallarta International Airport, a key hub for the region's tourism industry and operated by the Pacific Airport Group (GAP), has been awarded three prestigious certifications from the Federal Ministry of Tourism. These distinctions affirm the airport’s commitment to quality service, sustainability, and modernity, positioning it as one of Mexico’s…
Ex-Mexican Official Drops Explosive Accusations Linking Mexico’s President to Drug Cartels Puerto Vallarta, Mexico - In a bombshell accusation, former Mexican Secretary of Security, Genaro García Luna, currently imprisoned in New York, has alleged that President Andrés Manuel López Obrador (AMLO) has maintained connections with organized crime leaders and their families. The claims were made in a letter allegedly written by García Luna, published by journalist…