Starlink, the satellite internet service of billionaire Elon Musk, has secured a 1.56 billion peso (US$89.80 million) contract to offer free internet in Mexico until the end of 2026, a Mexican government official said on Wednesday, November 15th. Musk’s company won the contract as it offered the best prices in the public tender offer, Carlos […]
Fibra Next is Mexico’s largest local IPO since 2018
Fibra Next, which includes properties owned by Latin America’s largest real estate investment trust, is pushing ahead with plans for an initial public offering worth 15 billion pesos ($864 million), the biggest local IPO since 2018. The company aims to sell up to 277.8 million shares known as CBFIs in the offering scheduled for Nov. […]
Fireworks warehouse explosion leaves 5 dead in Puebla
XIUTETELCO, PUEBLA.- The explosion of a fireworks workshop near Mexico’s Gulf coast left at least four men killed, authorities in the central state of Puebla said on Wednesday, November 15th. The blast occurred on Tuesday, November 14, in the township of Xiutetelco, Puebla, near the border with the neighboring state of Veracruz. Three of the […]
First Mexican non-binary magistrate found dead in Aguascalientes
One of Mexico’s most prominent LGBTQ+ activists has been killed in an apparent knife attack in his home in the west-central state of Aguascalientes, Mexican President Andres Manuel Lopez Obrador announced during a morning news conference on Monday, October 13th. “We are just finding out,” Lopez Obrador said from the Mexican state of Sonora, “The […]
Will Mexico issue new tax incentives to attract more companies for Nearshoring?
The tax incentives, which provide for tax deductions from 56% to 89% on investments made in 2023 and 2024, are intended for companies that are dedicated to both the production and export of 10 items. Mexico Offers Tax Incentives to Entice Nearshoring Investors Mexico is offering large tax breaks to a swath of industries in […]
AMLO will talk about fentanyl with Xi Jinping at the APEC Summit
CULIACAN, SINALOA.- The president of Mexico, Andrés Manuel López Obrador, will hold a bilateral meeting on Thursday, November 16th, with his Chinese counterpart, Xi Jinping, in San Francisco, California, prior to the start of the Asia-Pacific Economic Cooperation Forum (APEC) in what will be the first meeting between both leaders, the chancellor, Alicia Bárcena, reported […]
Ericsson highlights Mexico’s advantages in telecommunications investment
Mexico has become one of the main countries for telecommunications companies to invest in the development of 3D experiences and digital platforms to broadcast musical and sporting events, as well as assist in remote medicine and the implementation of Industry 4.0, said Sebastián Barros, Commercial VP of Ericsson’s Global Customer Unit. “There are three industries […]
Mexico Congress: Reduction of the working day to the week will be approved this year
The Chamber of Representatives agreed that before the current ordinary period ends on December 15, legislators will endorse the constitutional reform to reduce the working hours per week from 48 to 40 hours. In a press conference, the president of the Political Coordination Board (Jucopo), PAN member Jorge Romero, commented that there is the intention […]
Ancient Maya warrior sculpture with serpent helmet discovered at Chichén Itzá
Archaeologists in Mexico have discovered a 1,000-year-old statue of a Maya warrior in the basement of a temple at Chichén Itzá in the Yucatán Peninsula. The statue depicts a warrior wearing a helmet shaped like a serpent with its jaws open, as well as a feathered headdress, Mexico’s National Institute of Anthropology and History (INAH) […]
American Airlines unveils new international route Tokyo to Tulum
American Airlines continues to build a network like no other with more nonstop international operations in 2024. Get ready to explore ancient ruins, mystical cenotes, diverse landscapes, and white-sand beaches with a new service to Tulum, Mexico (TQO), launching next spring. Separately, American has submitted an application to the U.S. Department of Transportation (DOT) to […]