Author: Stanley Bowers

No worries about inflation The representatives of Concanaco Servytur and the CCE highlighted that despite the inflationary environment, Mexico is in a more favorable economic environment, which is why sales this year are expected to be between 5 and 6% more than last year. The sales of the Good End 2022 amounted to 134,400 million pesos. “5% is very reasonable, economic activity looks much better, inflation is worrying, but the latest data confirms that there is already a slowdown in inflation,” Comcanaco said at a press conference. When is the Good End 2023? The Good End 2023 will take place…

Analysts have warned that rising defaults by trust companies, also known as “shadow banks”, which have strong ties to the domestic real estate sector, will weigh further on the world’s second-biggest economy. Anxiety over contagion risks is sweeping global markets, putting increasing pressure on the Chinese government to provide support for the ailing real estate sector, which accounts for about a quarter of the economy. The woes of Country Garden, once seen as a more financially sound developer, could also have a chilling effect on homebuyers and finance firms, with more private developers nearing a tipping point if support from…

Zuckerberg’s reaction comes after Musk made public a conversation between the two in which he suggested they have a practice match in the octagon of Zuckerberg’s house in Palo Alto, California. “If Elon is ever serious about an official date and event, he knows how to reach me. Otherwise, it’s time to move on. I’m going to focus on competing with people who take the sport seriously,” said the owner of Facebook. Until a few days ago, the fight seemed to be still going on, as even Elon Musk himself revealed several details about the fight, such as where it…

exchange rate today The exchange rate was quoted today at 17.1100 pesos per dollar, with a drop of 0.71% compared to the Reuters reference price on Friday. The fall led the peso to trade again above the mark of 17 units per dollar. “China’s Foreign Direct Investment continued to decline to reach its lowest level on record in the second quarter. According to the China State Administration of Foreign Exchange, investment amounted to 4.9 billion, equivalent to an 87% decrease in the year, being the largest drop since 1998, when the data was first published. This drop in investment is…

Since Open AI introduced ChatGPT to the public late last year, this gadget It aroused my curiosity and I decided to “jump on the bandwagon” immediately. I opened my account from the very first days and subscribed to the paid service as soon as it was available. However, when I talk about it with friends and acquaintances, this question often comes up, in different forms: “It’s certainly a super cool tool, but how do you get practical use out of it?” I will use this space to try to answer that question, based on simple and daily uses, but not…

Towards a more equitable future of work Adopting models similar to those of some European countries, where workers are cared for and developed, can contribute to a more comprehensive and just transformation of the Mexican workforce. But this approach requires an entity that monitors working conditions inside the factories. “We believe that one of the ways to get to that point is with democratic unions that really represent them (the workers),” said Luis Pablo Solorio, the main US labor attaché in Mexico. The historical relationship between unions, private initiative and workers has been a crucial factor in the search for…

The income from transfers of social, monetary or in-kind programs represent an important source of the total current per capita income of households in Mexico, which is why CONEVAL proposes the scenario where households would not have received this support. When carrying out these exercises for 2018, it was observed that the percentage of the population in a situation of poverty goes from 41.9% to 43.8% without the support, so the number of people in a situation would go from 51.9 to 54.2 million people in 2018 and from 46.8 to 50.3 million Mexicans if they did not receive the…

Trends in the B2B payment environment have changed, as have the ways of making them. Before, checks reigned in these payments. A book could be written about all those horror stories about lost, stolen, or bounced checks. Where you even had to send a collaborator by plane for the check and return to deposit it at the branch, to see if it passed “firmly”. And although this is already prehistory since now electronic payments (via SPEI) dominate this sector, the reality is that there are still many challenges. For example, a small business can use an electronic terminal to receive…

In 2022, 36.3% of the total population was in poverty, according to the calculations of the National Council for the Evaluation of Social Development Policy (Coneval), the institution in charge of the official measurement of poverty in Mexico. This figure is lower than all previous observations (43.2% in 2016, 41.9% in 2018 and 43.9% in 2020). This implies that, so far this administration, 5.1 million people have been lifted out of poverty despite the economic blow of the pandemic. When separating this indicator by age groups, it can be seen that the proportion of people living in poverty decreased between…