Mexico’s Economy
Walmart Mexico registers its highest sales profitability due to COVID-19
MEXICO — 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
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
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
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
MEXICO — 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
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
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
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
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
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
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
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
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
MEXICO — At a press conference, Hugo LĂłpez-Gatell, federal undersecretary of Health, reported that 15% of companies in the private…
Constellation Brands donates US$500,000 to the Mexican Red Cross to fight COVID-19
MEXICO — The Constellation Brands brewery will donate US$500,000 to the Mexican Red Cross, which will be used to cope…
