Mexico’s Economy

US$165 million investment arrives in Hidalgo

PACHUCA — Governor Omar Fayad Meneses yesterday announced three new investments that amount to US$165 million and will generate more…

6 May, 2020

Walmart Mexico registers its highest sales profitability due to COVID-19

6 May, 2020

MEXICO  â€” During the first three months of the year, Walmart de MĂ©xico was the chain with the best profitability…

USMCA to enter into force on July 1st, 2020

5 May, 2020

MEXICO — “The USMCA takes effect on July 1. It is not postponed,” the head of the Ministry of Economy,…

Despite Covid-19 pandemic, remittances in Mexico register a record level during March

4 May, 2020

MEXICO — Mexican families received the highest monthly flow of remittances in history during March, which according to official figures…

Mexican mining industry will stop generating US$2 billion due to COVID-19: Camimex

30 April, 2020

MEXICO — The mining industry, which is the sixth currency generator, will stop generating US$2 billion, equivalent to the suspension…

Bachoco’s operating cash flow increases 44.7% during the first quarter of 2020

29 April, 2020

MEXICO  â€” In the first quarter of 2020 Bachoco reported an operating flow (EBITDA, for its acronym in English) of…

Grupo Modelo donates 500,000 face masks to Mexico City’s police

27 April, 2020

MEXICO CITY —  The Grupo Modelo brewery donated 500,000 fabric mouth guards to Mexico City police, to help contain the…

Three popular wholesale companies in Mexico register a 62% increase due to COVID-19

27 April, 2020

MEXICO —  During mid-March, the winners of the first confinement-fueled panic purchases due to the coronavirus were price clubs such…

Mota-Engil to take care of the Tren Maya’s Stretch 1

23 April, 2020

MEXICO — The consortium made up of Mota-Engil, China Communications Construction Company, Gavil IngenierĂ­a, Eyasa and Grupo Cosh will take…

Lala postpones investments and launches a plan against COVID-19

23 April, 2020

MEXICO — Grupo Lala, the dairy company, will launch a plan to face the economic pressures caused by the coronavirus…

The Automotive industry proposes to the Mexican senate a rescue plan

22 April, 2020

MEXICO — Vehicle, bus and auto parts manufacturers proposed a rescue plan to the Senate due to the recent drop…

COVID-19 boosts Chedraui online orders up to 6 times

22 April, 2020

MEXICO — Chedraui leverages sales growth during the confinement and the COVID-19 pandemic in e-commerce, as in some regions, such…

Grupo Modelo will deliver 600,000 bottles of drinking water due to Covid-19 pandemic

21 April, 2020

STATE OF MEXICO — Grupo Modelo, in collaboration with the government of the State of Mexico, delivered 100,000 bottles of…

Nearly 90,000 companies in Mexico City close their doors indefinitely: CANACOPE

20 April, 2020

MEXICO CITY — One month after the curtains were lowered due to sanitary measures, 88,809 businesses in Mexico City have…

15% of private companies in Mexico didn’t close despite the contingency caused by COVID-19

16 April, 2020

MEXICO — At a press conference, Hugo LĂłpez-Gatell, federal undersecretary of Health, reported that 15% of companies in the private…

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