Wal-Mart de Mexico opened 78 new stores in the country in December 2009 and thus generating more than 2,200 permanent jobs in 13 states: Aguascalientes, Chihuahua, Mexico City, Durango, Estado de Mexico, Hidalgo, Jalisco, Nuevo Leon, Puebla, Sonora, Tabasco, Veracruz and Yucatan.
“We are committed to growth in the country, which we do by creating permanent jobs and bringing our value offers to more families, including 9 populations of Pabellón de Arteaga, Aguascalientes, Ojinaga, Chihuahua, Vicente Guerrero, Durango; Cananea, Sonora Libres, Puebla, Centro, Tabasco; Huichapan, Hidalgo, Catemaco, Veracruz, and Ticul, Yucatan, where we are present for the first time with the openings made in December. With these 78 new stores we are now in 265 cities, “said Raul Arguelles, Sr. VP of Corporate Affairs and Human Resources Walmart de Mexico.
Wal-Mart de Mexico SAB de CV (WALMEX) is Mexican retail chain operator. Its business is structured in three segments: Self-Service, Apparel and Restaurants. In the Self-Service segment, the Company operates Sam’s Club, a wholesale store; Bodega Aurrera, a general merchandise store, and two supermarket chains, Superama and Wal-Mart. The Company’s Apparel segment operations are carried out by its subsidiary, Suburbia SA de CV, which owns the Suburbia department stores.
Mexico’s government archaeological agency says the images of the Aztec calendar stone and the Pyramid of the Moon from the pre-Aztec ruins of Teotihuacan are the intellectual property of the Mexican nation. The agency will decide how much Starbucks should pay.
Starbucks Corp.’s Mexico unit says it is willing to pay for permission to sell coffee mugs featuring pre-Hispanic images, after the Mexican government notified it about potential violations of intellectual property rights.
Canada lending H1N1 vaccine to Mexico. Health Minister Leona Aglukkaq says “5 million doses” will be shipped south starting this week; Mexico to replenish Canada’s supply by end of March Canada is lending, not donating, 5 million doses of the H1N1 vaccine to Mexico – and the federal government remains mum on what it will do with its expected surplus of the pandemic vaccine.
Health Minister Leona Aglukkaq announced today that the doses, being shipped to Mexico starting this week, will help with that country’s immediate pandemic vaccine requirements. Mexico will replenish Canada’s supply by the end of March.
“Provincial and territorial governments unanimously agreed to the request. Canada already has distributed and has stockpiled enough vaccine in Canada to meet its immediate and ongoing needs, as well as to accommodate Mexico’s request,” the government said in a news release.
Signs of confidence in the region are plentiful, with foreign direct investment as a good barometer. Ford intends to invest $2.3 billion in Brazil while Infosys, India’s second largest software producer, plans to set up a wholly-owned subsidiary. Wal-Mart aims to re-launch its banking operations in Mexico, and Wendy’s/Arby’s is firmly committed to expand throughout Latin America.
While 2010 will be one of recovery for Latin America, the impacts will be uneven and intractable problems, beyond politics and society, will remain. In this scenario, pro-market democracies such as Chile, Colombia, Panama, Peru, Costa Rica, Brazil, and Mexico will see their fortunes improve. The statist economies of Venezuela, Ecuador, Bolivia, and Nicaragua will not. (Were it not for wheat and soybean exports, Argentina would barely improve.)
from – latinbusinesschronicle.com
Mexico’s Energy Ministry said Tuesday it will establish minimum fuel economy standards for new cars and heavy trucks, along with tougher rules to import used cars from the U.S., as part of an energy savings plan.
As part of a 2009-2012 sustainable energy plan approved in November, the transport portion will set the fuel economy minimums based on categories–”light” and “medium” for cars, and “heavy” for trucks.
The goal of the new rules is to “accelerate the adoption and implementation of technology and best practices in design…in order to progressively increase the average national fuel economy,” the ministry said.
Other countries, like the U.S., have long mandated minimum average fuel economy standards per manufacturer based on weighted sales rather than auto categories.
Authorities will also set separate limits on fuel economy for vehicles used by the federal government.
As a result of the transport plan, the ministry expects to save the energy equivalent of nine terawatt hours worth of energy by 2012 and 2,736 terawatt hours by 2030. A terawatt is equal to 1 trillion watts.
Mexico has 21.4 million vehicles, 95% using gasoline, 4% with diesel engines, and 1% that use alternative fuels, the statement said.
Mexicos Real estate agents in the area are quick to point out that most communities along the oceanfront have their own security forces, and that they all feel safe living and working around Tijuana and Rosarito. (Tijuana has implemented a police reform program over the last year, with plans to hire 150 new officers in 2010.)
Oceanfront homes in the area range from $500,000 to $1 million, said Diane Gibbs, owner of Gibbs and Associates in Rosarito Beach, the listing agent for the property featured here. Houses within view of the ocean, but built behind the oceanfront properties in mexico, begin around $300,000, she said.
There are a number of condominium developments along the coastline, including a complex called La Jolla Real just south of Rosarito. There, Mr. Biondolillo said, he has recently sold 10 units, with prices ranging from the low $200,000s to the $600,000s. Larger units can sell for as much as $1 million, he said.
from – nytimes.com
It’s simple. Connect the dots. While Mexican Drug Lords are fighting for possession of the supply change into the United States, California is attempting to end run Federal Law by legalizing Marijuana. If you want the violence to cease, stop using drugs. Criminalize drug use as well as distribution. Make both sides of the equation (use and distribution) capital crimes. Zero Tolerance is Zero Tolerance.
A Mexican manufacturing sector survey pointed to future growth for a sixth straight month in December but the reading suggested the economic recovery could be losing some steam in Mexico.
The IMEF factory index held flat at 52.6 during the month, the Mexican Institute of Financial Executives, or IMEF.
Readings of 50 and above signal likely expansion in subsequent months. The index first breached that level in July.
Mexico’s economy sank deeply in the first half of 2009 but the government and central bank think it returned to growth in the third quarter.
“This suggests that the industrial sector will continue to recover, though at a more moderate pace,” the IMEF said.
The fate of the Mexican economy is directly tied to the United States, which buys more than 80 percent of Mexican exports.
The economic crisis, coupled with rising violence in Mexico, prompted fewer immigrants to travel south of the border for the holidays in 2009, Mexican officials said.
Many Mexican [Mexico] immigrants decided to skip traditional Christmas vacations because they lost their jobs and couldn’t afford the trip, according to the Mexican Consulate in San Bernardino.
The consulate serves San Bernardino and Riverside counties, home to nearly 1.6million people of Mexican origin.
“Unfortunately, the bad economic situation here and in Mexico has affected travel,” said Federico Bass, the consulate’s director of political affairs. “Fewer people have the resources to make the trip and take gifts to family members and pay for gas and food along the way.”
The consulate issues permits that are required for legal residents and U.S. citizens to drive their vehicles in Mexico for up to six months.
The number of permits issued declined about 20percent for the first three weeks of December compared to the same period in 2008, Bass said.
Laura Medina, a 38-year-old Mexican immigrant, said she was laid off in June from her job at a plating company. So she was unable to make her annual Christmas visit to Mexico City with her 4-year-old daughter.
“I usually go once or twice a year, but this year for the holidays I couldn’t afford it,” Medina said. “It’s sad because the way people celebrate Christmas in Mexico is very beautiful.” – read more @ sbsun.com
Mexico’s Mexicana Airlines is now operating daily flights from Washington “Dulles” to Cancun.
Mexicos Mexicano Airlines is now operating daily flights from Washington (Dulles) to Cancun. The route not only brings Mexico’s most popular resort area closer to the U.S. capital, but also allows for easy connections to several points in Central and South America as well as within Mexico.
The decision to open the route was made after market studies revealed that traffic between Washington and Cancun has grown 12% since 2005 and that 60% of all passengers flying from Washington prefer Dulles. At one point some years ago Mexicana flew from Mexico City to Baltimore/Washington, but since then new owners have taken over the airline.
