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 […]
“BanCoppel Lends You $3 Million for a House in 2024”
“If you’re looking for a credit option to buy a new house, get familiar with this bank’s simulator that allows you to calculate monthly payments for 10, 15 and 20 years. Are you about to buy your first or second property? BanCoppel lends you $3 million for a house in 2024, a calculation that you […]
Amazon, Royal Caribbean, and Chips for Nvidia: Where Are Foreign Investments Landing in Mexico?
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 […]
6.5% of Tijuana Maquiladoras Already Have a 40-Hour Workweek: Arhitac
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 statements by Trump on imposing tariffs on Chinese cars produced in Mexico are electioneering: Comce
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 […]
With the U.S. Mexico CEO Dialogue 2024, the defense of the USMCA began: Sheinbaum
The review process of the USMCA will begin in the second half of 2025, in the context of the trade-tech war between the United States and China. By: Roberto Morales The administration of President Claudia Sheinbaum highlighted that with the U.S. Mexico CEO Dialogue 2024, held this Tuesday in Mexico City, the defense of the […]
Mexican Immigrants in the United States
Mexicans represent the largest group of immigrants in the United States, making up about 23% of the 47.8 million foreign-born residents as of 2023. Although the population peaked at 11.7 million in 2010 and then declined to 10.7 million in 2022, it has started to grow again, reaching 10.9 million in 2023. The United States […]
exico: US-Mexico trade hit $74B in August, Port Laredo No. 1 again
Borderlands: A Weekly Rundown The United States-Mexico cross-border trucking and trade landscape continues to evolve. Here are some key developments from this week: US-Mexico Trade Hits $74B in August Major Exports from Mexico to the US The top three exports from Mexico to the U.S. during the month were: Computers ($4.72 billion) […]
This is the price of a gold centenario and where to buy it safely
Currently, the Bank of Mexico is in charge of its production and has authorized distributors. The coin known as the “centenario” was minted in Mexico in 1921 to commemorate the first centenary of Mexico’s Independence. However, its production was suspended in 1931 and resumed in 1943 due to the growing demand for gold coins at […]
Between Nearshoring and Divestment, Real Estate Trusts Expand in Mexico
The industrial portfolios of the Trusts operating in the country increased by about 2% in the last 12 months, according to SiiLA. The real estate trust sector (Real Estate Investment Trusts, or Fibras) has shown moderate growth, marked by strong demand for industrial warehouses due to the reconfiguration of supply chains (nearshoring) and adjustments in […]