Pemex allocated 388 million pesos to eight entities during the first quarter of the year

Pemex allocated 388 million pesos to eight entities during the first quarter of the year

Mexico City. In the first quarter of the year, Petróleos Mexicanos (Pemex) allocated 388 million 300 thousand pesos to the eight states where the company has the greatest presence of its activities, an amount that represents an increase of 145.6 million, or 60.6 percent more, compared to the same quarter of the previous year. The … Read more

Mexican peso closes the week with a decrease of 1.18%

Mexican peso closes the week with a decrease of 1.18%

Mexico City. The Mexican peso closed the week with a decrease of 1.18 percent, its worst weekly performance since mid-January. After starting the week at a level of 16.33 dollars – the highest value since November 2015 – the Mexican currency fell and ended at 16.65 units per dollar. In wholesale operations, the peso registered … Read more

Nearshoring moves in Mexico; investment announcements for 120 billion dollars as of February: Intercam

Nearshoring moves in Mexico;  investment announcements for 120 billion dollars as of February: Intercam

Mexico City. In the first two months of the year, investment announcements made by international companies in Mexico totaled just over 120 billion dollars, which shows the phenomenon of company relocation, although it takes time to materialize, said a study carried out by Intercam . According to a monthly analysis on the phenomenon of company … Read more