The Mexican peso has taken a hit after Donald Trump’s victory in the United States presidential elections. The currency, already weakened by concerns over Trump’s campaign promises and economic policies, plummeted further on November 6th, trading down against the US dollar. Trump’s Impact on Mexico’s Economy Trump’s election win sent shockwaves through the Mexican economy, […]

The Cancun-Costa Mujeres tourist corridor promises to increase its added value by 20% in the coming years, according to expert appraisers in Quintana Roo. The State Government and the Federation are investing heavily in this area, and data from the College of Appraisers suggests that it will lead to a significant increase in value. Kristhian […]

Mexico is on edge as the possibility of Donald Trump winning the US elections becomes more likely, causing widespread concern among Mexicans. Financial markets are not immune to this anxiety either, with the interbank dollar experiencing a significant drop in value. On Wednesday, it closed at 20.28 pesos per dollar, representing a loss of 25 […]

The past six months have been turbulent for the Mexican peso, with its value against the U.S. dollar declining significantly. The peso’s volatility presents both challenges and opportunities for individuals who fund their lifestyles in Mexico from foreign currencies like the U.S. dollar, Canadian dollar, or Euros. Reasons Behind Peso Volatility 1.  Weaker Mexican Economy: […]

In the first half of 2024, five Mexican states witnessed a decline in their economic activity according to the Quarterly Indicator of State Economic Activity. Among these, Tabasco experienced the most significant drop with a -5% annual decrease. This downward trend is particularly noteworthy given Tabasco’s history of sustained growth even during the pandemic period. […]

The Cozumel cruise industry has generated over $400 million in less than two years. In contrast, floating hotels have left approximately $483 million on the island. According to Business Research & Economic Advisors (BREA), Cozumel earned $483 million between 2023 and so far this year as a result of the cruise industry. During an Association […]

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Nuevo León, Coahuila, and Querétaro are the states that have received the most investment announcements in 2024. Amazon, Mexico Pacific, and Woodside Energy join Constellation Brands, Royal Caribbean, and Foxconn—which will manufacture chips for Nvidia—in investing in Mexico in 2025. These investment announcements have come amid political uncertainty due to the reform of the Judiciary […]

It is estimated that more than half of the industries will adapt their schedules once the labor reform is approved, according to the association. 6.5% of Tijuana’s maquiladoras have already implemented the 40-hour workweek, which proposes that employees work 8 hours a day for 5 days a week, according to studies by the Tijuana Industrial […]

The imposition of tariffs on exports of Chinese cars to the United States, as stated by Republican candidate Donald Trump, is an electoral speech, since “we go by the road that makes economy,” assured Sergio Contreras Pérez, president of the Mexican Council for Foreign Trade (Comce). After signing a memorandum of understanding and cooperation with […]