English

CONSTRUCTION OF THE MAYAN RAILROAD

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On February 11, 2019, Mexican President, Andrés Manuel López Obrador announced relevant updates related to the construction of one of the biggest infrastructure projects for his administration, the 1,525km (950-mile) Mayan Railroad, same that will link key tourism cities in the Yucatan peninsula such as Palenque and Cancún among others and expected to be completed […]

English

LOGISTIC CENTER FOR THE DISTRIBUTION AND TRANSPORTATION OF OIL PRODUCTS

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LOGISTIC CENTER FOR THE DISTRIBUTION AND TRANSPORTATION OF OIL PRODUCTS On January 17, 2019, the President of Mexico, Andrés Manuel López Obrador, passed an executive order whereby he proposed the creation of the “Logistic Center for the Distribution and Transportation of Petroleum Products” (the “Center”), as a decentralized administrative entity separate from the Ministry of […]

Español

CENTRO LOGÍSTICO PARA LA DISTRIBUCIÓN Y TRANSPORTE DE PETROLÍFEROS

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CENTRO LOGÍSTICO PARA LA DISTRIBUCIÓN Y TRANSPORTE DE PETROLÍFEROS Con fecha 17 de enero de 2019, el Presidente de México, Andrés Manuel López Obrador, presentó proyecto de decreto por el que propone crear el “Centro Logístico para la Distribución y Transporte de Petrolíferos” (el “Centro”), como un órgano administrativo desconcentrado de la Secretaria de Energía, […]

English

ANNOUNCEMENT OF TRUNK NETWORK PUBLIC TENDER SUSPENSION

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ANNOUNCEMENT OF TRUNK NETWORK PUBLIC TENDER SUSPENSION President Andrés Manuel López-Obrador announced, in his morning press conference today, his decision to suspend the fiber optic Trunk Network public tender proceeding, the second most important telecommunication project of the former administration and expected to be put out to tender in February 2019. López-Obrador explained that the […]

Banking & Finance

THE MINISTRY OF FINANCE (SECRETARÍA DE HACIENDA Y CRÉDITO PÚBLICO) (“SHCP”) AND THE MEXICAN CENTRAL BANK (BANCO DE MÉXICO) (“BANXICO”) PRESENT A PLAN TO BOOST THE MEXICAN FINANCIAL SECTOR.

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THE MINISTRY OF FINANCE (SECRETARÍA DE HACIENDA Y CRÉDITO PÚBLICO) (“SHCP”) AND THE MEXICAN CENTRAL BANK (BANCO DE MÉXICO) (“BANXICO”) PRESENT A PLAN TO BOOST THE MEXICAN FINANCIAL SECTOR. On January 8, 2019, the Ministry of Finance and the Mexican Central Bank presented a plan focused on boosting the financial sector in Mexico. Similarly, the […]

Bancario y Financiero

SECRETARÍA DE HACIENDA Y CRÉDITO PÚBLICO Y BANCO DE MÉXICO PRESENTAN PLAN PARA IMPULSAR SECTOR FINANCIERO MEXICANO.

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SECRETARÍA DE HACIENDA Y CRÉDITO PÚBLICO Y BANCO DE MÉXICO PRESENTAN PLAN PARA IMPULSAR SECTOR FINANCIERO MEXICANO. El 8 de enero de 2019, la Secretaría de Hacienda y Crédito Público (SHCP) y el Banco de México (Banxico) presentaron un plan enfocado a impulsar el sistema financiero en México. De igual forma, el plan presentado por […]

English

TAX INCENTIVES TO ELIMINATE THE TAX WITHHOLDING ON INTEREST PAID ABROAD AND TO ENCOURAGE PRODUCTIVE INVESTMENT PROJECTS IN MEXICO

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TAX INCENTIVES TO ELIMINATE THE TAX WITHHOLDING ON INTEREST PAID ABROAD AND TO ENCOURAGE PRODUCTIVE INVESTMENT PROJECTS IN MEXICO An executive order to eliminate the income tax withholding for interest paid abroad on bonds listed in a stock exchange, as well as to grant tax incentives to taxpayers investing in a capital market in Mexico […]