English

CONSTRUCTION OF THE MAYAN RAILROAD

Publicada en

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 […]

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 […]

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 […]

English

HIGHWAY NATIONAL INFRASTRUCTURE PROGRAM

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HIGHWAY NATIONAL INFRASTRUCTURE PROGRAM On December 22, 2018, federal government announced a new Highway National Infrastructure Program which aims, among others, to construct pave roads in different municipalities through the Mexican territory, as well as to rehabilitate and terminate highways that as of today are either in bad conditions or were not finished during the […]

English

AMENDMENT BILL PROJECT FEDERAL LABOR LAW 2018

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AMENDMENT BILL PROJECT FEDERAL LABOR LAW 2018 On December 22, 2018 a bill to amend and partially repeal various provisions of the Federal Labor Law submitted by the “Morena” Parliamentary Group was published in the Parliamentary Gazette. The bill acknowledges and adopts the principles and directives set out in Chapter 23[1] of the United States-Mexico-Canada […]

English

CONSTRUCTION OF THE MAYAN RAILROAD

Publicada en

CONSTRUCTION OF THE MAYAN RAILROAD On December 16, 2018, Mexican President, Andrés Manuel López Obrador began activities related to the construction of one of the biggest infrastructure projects he has announced to be developed during his administration, the 1,525km (950-mile) Mayan Railroad, same that will link key tourism cities in the Yucatan peninsula such as […]

English

THE 2019 GENERAL MINIMUM WAGE

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THE 2019 GENERAL MINIMUM WAGE. On December 17, 2018, the National Minimum Wage Commission (CONASAMI for its Spanish acronym), by tripartite and unanimous ruling of its members, announced that as of January 1st, 2019, the general minimum wage will be increased to Mx$102.68 a day. The increase was calculated by adding Mx$9.43 to the current […]