Mexico is 12.7% down in Auto Production Exports

Mexico, one of the biggest exporters of vehicles in the world, experienced a 12.7% drop in total vehicle exports in August from a year ago. Manufacturers shipped 281,811 units last month compared to 322,779 vehicles in August 2018, according to the Mexican National Institute of Statistics and Geography (INEGI) and the Mexican Association of the More...

by sanmigueltimes | Published 1 week ago
By sanmigueltimes On Wednesday, September 11th, 2019
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Mexico’s Public Administration Secretariat investigates head of national power utility CFE

MEXICO CITY (Reuters) – Mexico has opened an investigation into the assets of Manuel Bartlett, head of the national electricity company CFE, according to the Public Administration Ministry, which investigates More...

By sanmigueltimes On Wednesday, September 11th, 2019
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Mexico’s Tax Administration Service issues decision for lodging services through electronic platforms

Recently, the First Amendment to Annex 3 of the Treasury Rules for 2019 was published in the Official Gazette of the Federation, by means of which the following Non-Binding Ruling related to the operation of technological More...

By sanmigueltimes On Saturday, September 7th, 2019
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Mexican manufacturing sector shrinks for the third straight month to lowest since 2011

Although president López Obrador states that the nation is doing perfectly OK, activity in Mexico’s manufacturing sector shrank for a third consecutive month in August, a survey showed on Monday September 2nd, More...

By sanmigueltimes On Sunday, September 1st, 2019
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Volkswagen’s ‘Final Edition’ Beetle: only available on Amazon

Mexico – When the worldwide production of the Volkswagen Beetle came to an end as the last car rolled off the assembly line in Cuautlancingo, Puebla last month, it was announced that 65 of the last 565 More...

By sanmigueltimes On Saturday, August 31st, 2019
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Mexico offers manufacturing solutions to the US and other countries

Manufacturing in Mexico with NovaLink: Partnering with You to Make Your Product a Reality. NovaLink is a best-in-class, outsourcing solution for domestic and international companies seeking to relocate More...

By sanmigueltimes On Wednesday, August 28th, 2019
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Carlos Slim declares he supports the projects promoted by AMLO’s government

Richest man in Mexico Carlos Slim Helú, declared he supports and backs up the projects promoted by the government of Andrés Manuel López Obrador, he even said that it is “inconsequential” whether economic More...

By sanmigueltimes On Sunday, August 25th, 2019
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US political and economical arena on fire!

Trump tweets: ‘Who is our bigger enemy,’ Fed Chairman Powell or Chinese President Xi? United States (Agencies) – President Donald Trump again ripped into Federal Reserve Chairman Jerome Powell on Friday, More...

By sanmigueltimes On Saturday, August 10th, 2019
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Lack of tourist promotion for Cancun cause significant drop in reservations

Quintana Roo officials blame Airbnb, lack of promotion for reservations drop. Hotel officials in Quintana Roo have said that an increase of Sargassum seaweedon its beaches is not the biggest problem the More...

By sanmigueltimes On Thursday, August 8th, 2019
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Domestic travel boom sparks Mexico hotel development

The latest figures from analytics firm GlobalData suggest that the number of Mexican travelers spending on outbound travel is set to increase at a compound annual growth rate of 4.43 percent from $13.6 billion More...