The National Statistics and Geography Institute (INEGI) reported this week that inflation in Mexico hit 4.65% last month, the highest rate since September 2012. The inflation has been blamed mostly on rising food and transportation costs. Prices for produce and other food have been on a steady uphill climb since January, but last month the […]

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Between 2007 and 2012, poppies surpassed marijuana as the most widely grown illegal plant in Mexico. In fact, by the end of last year the authorities estimated that poppies occupied 40% more land than cannabis; in 2008, only 210 kilos of opium gum were seized by Mexican law enforcement but by 2012, the amount ballooned […]

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Mexico’s Department of Internal Revenue and Public Credit (SHCP) announced yesterday that they will be absorbing as much as 30% of the losses ($15 billion pesos) on loans made to the country’s largest homebuilders. “The beneficiaries of the Federal Mortgage Agency’s guarantee program for homebuilding will be efficient developers with healthy balances and viable projects, […]

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The corporate entity behind the controversial Dragon Mart commercial complex in Quintana Roo has threatened to sue the Mexican Center for Environmental Law (CEMDA) unless the organization ceases “defaming” the project, whose construction is planned on 1,386 acres located 7.5 miles south of Cancún’s hotel zone.   According to an article in the January 6 […]

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