Mexico to improve tax incentives to attract investment in chips
Several investors from the United States and Mexico have shown interest in promoting a boom in the semiconductor industry in Mexico, reported Luis Rosendo Gutiérrez, Undersecretary of Foreign Trade of the Ministry of Economy. “I was at a semiconductor forum in Ciudad Juárez and there is a great appetite from American and Mexican investors to […]
Mexico becomes the main technology supplier to the US
Mexico has surpassed China and Taiwan as the largest supplier of high-tech products to the US market. According to data from the US Census Bureau, in August 2024, Mexican high-tech exports reached $9.8 billion, while those from China were $8.7 billion, and those from Taiwan were $8.5 billion. According to statistics, Mexican high-tech exports to […]
«The Secret of the River»: a series about muxe diversity in Mexico and the path of friendship
“El Secreto del Río” is a Mexican series directed by Ernesto Contreras that puts muxe identities on the scene in the Isthmus of Tehuantepec, Oaxaca. Newly released on Netflix, the series is an intimate cartography of the margins, where friendship becomes a refuge and dissident identities breathe through the cracks of daily violence. Manuel, a […]
Canadian mining companies pause investments in Mexico; call for certainty
Canadian mining companies are waiting for legal certainty to invest 12 billion dollars in Mexico, said the trade policy advisor of the Canadian Embassy in Mexico, Julie Poirier, during the Annual Meeting of Industrialists (RAI) in its 2024 edition. During her participation in the Active and Cutting-Edge Industrial Policy panel in the face of the […]
Opening price of the dollar in Mexico today, October 23: peso falls after IMF economic projection
The US dollar is trading at 19.97 Mexican pesos on average at the beginning, which represents a change of 0.08% compared to the figure of the previous session, when it ended at 19.96 pesos. If we consider the data from the last week, the US dollar shows an increase of 0.47%, so in year-on-year terms […]
The IMF reduces its growth forecast for Mexico for the third time: 1.5% in 2024
Mexico’s economic outlook continues to worsen. The International Monetary Fund (IMF) has revised downwards, for the third time, its growth forecasts for the Latin American country by 0.7 points for this year, placing it at 1.5%. In 2025, the cut is 0.3% compared to the previous report, in July, to set the Gross Domestic Product […]
IMF suggests reviewing tax rates
The International Monetary Fund (IMF) called on countries with low tax collection, “like Mexico,” to review tax rates and the tax base, to strengthen their source of public revenue so that it finances development needs. Within the Fiscal Monitor, a semi-annual analysis of public finances, they specifically recommended reviewing the advantages that the Value Added […]
Canadian dollar price in Mexico today, October 23
According to official statistics from the last census carried out in Canada, Mexicans are the third largest population in Latin America and the Caribbean with the largest presence in its territory and the first among the Spanish-speaking countries in the region. In 2021, a total of 132,220 people originally from Mexico living in that country […]
Mexico offers aid to Cuba after massive power outages on the island
Cuba has been in the dark since last Thursday and Mexico has decided to lend a helping hand. The government of Claudia Sheinbaum has offered help in the face of the “energy emergency”, in the words of the Cuban Executive, that the Caribbean country has been experiencing since the 17th of this month. The situation […]