The tourism private investment in 2011 will grow 33%
09/02/2011 22:00
Private investment in tourism will reach 4.000 million in 2011, representing a growth of 33% compared to 2010, although it requires a good national agreement that tipping the industry sector, ahead of Pablo Azcarraga, chairman of the Council National Tourist Business (CNET).
The business representative said that despite this increase is just beginning to recover for the resource sector pours it lost in 2008 and 2009, when they stopped a lot of investment.
In previous years, private investment in this industry was about 4.000 billion dollars, but in recent times has fallen to 3.000 million.
CNET said the hopes that 2011 is the year of the consolidation of tourism and the time when you can get shown the growth before the crisis.
Regarding the national tourism agreement, which will be released on 28 February in which the government is working, said that this program will bring greater coordination between private initiative and the various ministries.
More work is needed in hand with the Ministry of Environment and Natural Resources, Finance, Communications and Transport and Interior, said the corporate executive.
lunes, 28 de febrero de 2011
Sinaloa Mexico Hotels Firms Reach
Sinaloa hotel firms reach
10/11/2010 20:44
Mexico. December 2010 is expected to open in Culiacan Two Hotel and in 2011 the building and opening of hotels such as City Express, One of Grupo Posadas.
This represents an investment of 20 million dollars (million dollars) for the hotel sector in the capital of Sinaloa state, said Oscar Guerrero Felix, president of the Homeowners Association of Hotels and Motels in Sinaloa (APHM).
Currently, tourism contributes 11% of gross domestic product (GDP) of Sinaloa, where just four years ago was 7%.
The state of Sinaloa, is in the top ranking in the best states in tourism just below Baja California Sur (BCS), Cancun, Quintana Roo, Jalisco and the Federal District (DF), besides having higher Acapulco air movement.
The official said the state's GDP is approximately 250.000 billion pesos, so that this sector provides resources to the entity for nearly 30.000 million.
As proof of this recovery, said that currently Culiacán is the second most important destination for the airline Vivaaerobus.
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10/11/2010 20:44
Mexico. December 2010 is expected to open in Culiacan Two Hotel and in 2011 the building and opening of hotels such as City Express, One of Grupo Posadas.
This represents an investment of 20 million dollars (million dollars) for the hotel sector in the capital of Sinaloa state, said Oscar Guerrero Felix, president of the Homeowners Association of Hotels and Motels in Sinaloa (APHM).
Currently, tourism contributes 11% of gross domestic product (GDP) of Sinaloa, where just four years ago was 7%.
The state of Sinaloa, is in the top ranking in the best states in tourism just below Baja California Sur (BCS), Cancun, Quintana Roo, Jalisco and the Federal District (DF), besides having higher Acapulco air movement.
The official said the state's GDP is approximately 250.000 billion pesos, so that this sector provides resources to the entity for nearly 30.000 million.
As proof of this recovery, said that currently Culiacán is the second most important destination for the airline Vivaaerobus.
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Nunhems Opens Pilot Plant In Sinaloa Mexico
Nunhems opens pilot plant in Sinaloa
28/02/2011 00:07
To further develop the market for hybrid seeds of vegetables Nunhems, a subsidiary of Bayer CropScience, specializing in genetics and related services to the horticultural sector, opened a research station in Culiacan, Sinaloa.
Without giving investment amount, the major crops in the greenhouse there are tomatoes, jalapeno chile, peppers and cucumbers.
Varieties should excel in performance, quality and specific characteristics in terms of fruit production to be marketed in the coming years in various areas of Mexico.
The new station has the necessary infrastructure to develop varieties above an area of 17.45 hectares, which can be grown either in greenhouses or in open shade.
With this, you may face the megatrends in agriculture, such as population growth globally, increased food demand, climate change, water shortages and increased prices of agricultural inputs.
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28/02/2011 00:07
To further develop the market for hybrid seeds of vegetables Nunhems, a subsidiary of Bayer CropScience, specializing in genetics and related services to the horticultural sector, opened a research station in Culiacan, Sinaloa.
Without giving investment amount, the major crops in the greenhouse there are tomatoes, jalapeno chile, peppers and cucumbers.
Varieties should excel in performance, quality and specific characteristics in terms of fruit production to be marketed in the coming years in various areas of Mexico.
The new station has the necessary infrastructure to develop varieties above an area of 17.45 hectares, which can be grown either in greenhouses or in open shade.
With this, you may face the megatrends in agriculture, such as population growth globally, increased food demand, climate change, water shortages and increased prices of agricultural inputs.
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sábado, 19 de febrero de 2011
IHG' s Huge Investment in 47 New Hotels in Mexico
IHG's huge investment in Mexico.
Written by Real eStrategy 2 Barometer , Tourism Market February 12, 2011 InterContinental Hotel Group (IHG) announced an investment of $ 500 million for the construction of 47 properties will add 5 000 rooms in Mexico. So he did know Jim Abrahamson, president for the Americas of the company, as part of a meeting with the president of that country, Felipe Calderón. During the meeting, held at the official residence of Los Pinos, the politician and businessman exchanged views on the tourism industry and the great potential of the Aztec nation, which aspires to be among the top five destinations worldwide. Calderón expressed his government's willingness to continue "working very hand with IHG and to all investors who believe and trust in Mexico, to succeed in their business and that success will translate into more jobs."
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Written by Real eStrategy 2 Barometer , Tourism Market February 12, 2011 InterContinental Hotel Group (IHG) announced an investment of $ 500 million for the construction of 47 properties will add 5 000 rooms in Mexico. So he did know Jim Abrahamson, president for the Americas of the company, as part of a meeting with the president of that country, Felipe Calderón. During the meeting, held at the official residence of Los Pinos, the politician and businessman exchanged views on the tourism industry and the great potential of the Aztec nation, which aspires to be among the top five destinations worldwide. Calderón expressed his government's willingness to continue "working very hand with IHG and to all investors who believe and trust in Mexico, to succeed in their business and that success will translate into more jobs."
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viernes, 18 de febrero de 2011
Iberostar Resorts Developed in Mexico By $400 Million Dollars
Iberostar resorts developed by 400 million dollars
10/02/2011 22:43
Iberostar, real estate division of the Spanish company Iberostar, said that in the next 4 years will invest 400 million dollars in the construction of two tourist developments, located in the Riviera Maya and Riviera Nayarit.
The complex is located in the state of Quintana Roo, named Paradise Beach, will have an area of 68 hectares, where there will be 15 villas and 240 apartments, which will generate 300 direct jobs, said Gimeno Dolphin, director of Iberostate in Mexico.
The construction of this development started this year and is expected to be completed by late 2014.
With respect to the Nayarit Riviera complex, located in the project Litibú, will feature 13 apartments and 33 villas and buildings completed in the third quarter of 2014.
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10/02/2011 22:43
Iberostar, real estate division of the Spanish company Iberostar, said that in the next 4 years will invest 400 million dollars in the construction of two tourist developments, located in the Riviera Maya and Riviera Nayarit.
The complex is located in the state of Quintana Roo, named Paradise Beach, will have an area of 68 hectares, where there will be 15 villas and 240 apartments, which will generate 300 direct jobs, said Gimeno Dolphin, director of Iberostate in Mexico.
The construction of this development started this year and is expected to be completed by late 2014.
With respect to the Nayarit Riviera complex, located in the project Litibú, will feature 13 apartments and 33 villas and buildings completed in the third quarter of 2014.
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The Segment Of Industrial Parks Will be Reactived With An Investment of $1,500 Million Dollars in 2011 in Mexico
The segment of industrial parks will be reactivated with an investment of 1.500 million dollars in 2011
17/02/2011 14:48
After the crisis faced by the industrial parks in 2009 and the first half of 2010, the industry awaits a positive outlook, as it provides an investment of over 1.500 million dollars (mdd) in this year, Mexican Association of Private Industrial Parks (AMPIP .)
Despite progress, still not reach the level of investment that was before the crisis, according to a survey AMPIP among its members, was about 2.000 million dollars and reached up to 50% decrease in 2009.
The current need in the country is focused on developing DCs (Cedis) in the center and southeast, so it is expected that these developments are having a greater development.
Among the factors that trigger these projects are the U.S. recovery, the growth of the Mexican economy, in addition to the placement of resources in the Mexican Stock Exchange under the scheme of Development Capital Certificates (CKDs), made by AMB Mexico and Prudential Real Estate Investors, members of AMPIP, which together put about 460 million dollars in 2010.
AMPIP recalled the beginning of very specific projects, such as the Volkswagen engine plant in Silao, Guanajuato, one of the parks association, with an investment of 550 million dollars in the first stage, or production plant Learjet Bombardier 850, with 250 million dollars in the Vesta in Queretaro Aerospace Park last year, "factors that will help the sector continue uphill."
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17/02/2011 14:48
After the crisis faced by the industrial parks in 2009 and the first half of 2010, the industry awaits a positive outlook, as it provides an investment of over 1.500 million dollars (mdd) in this year, Mexican Association of Private Industrial Parks (AMPIP .)
Despite progress, still not reach the level of investment that was before the crisis, according to a survey AMPIP among its members, was about 2.000 million dollars and reached up to 50% decrease in 2009.
The current need in the country is focused on developing DCs (Cedis) in the center and southeast, so it is expected that these developments are having a greater development.
Among the factors that trigger these projects are the U.S. recovery, the growth of the Mexican economy, in addition to the placement of resources in the Mexican Stock Exchange under the scheme of Development Capital Certificates (CKDs), made by AMB Mexico and Prudential Real Estate Investors, members of AMPIP, which together put about 460 million dollars in 2010.
AMPIP recalled the beginning of very specific projects, such as the Volkswagen engine plant in Silao, Guanajuato, one of the parks association, with an investment of 550 million dollars in the first stage, or production plant Learjet Bombardier 850, with 250 million dollars in the Vesta in Queretaro Aerospace Park last year, "factors that will help the sector continue uphill."
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martes, 15 de febrero de 2011
Mexico Receives 22.4 Million Tourists
Mexico receives 22.4 million tourists
Economy - Sunday, February 13, 2011 (17:28 hrs)
• Consider 2010 as one of the best for the sector
The online Financial
Mexico, February 13 .- Mexico received almost 22 million 400 thousand tourists in 2010, an amount that exceeded those recorded in 2009 and 2008, the year regarded as one of the best for the sector.
The Ministry of Tourism (Tourism Ministry) released the figures at the end of last year, both visitor numbers and spending that they exercised.
He explained that last year the tourists left an economic income of 11 000 871 000 000 853 000 196 U.S. dollars, an amount 5.3 percent higher than in 2009.
The presence of 22 million 400 thousand tourists in 2010, is 4.4 percent higher than that of 2009 and more than 22 million arrived in 2008.
The dependence explained that in 2010 visited the country 12 million 774 thousand 785 tourists in hospital, which means an increase of 8.4 percent over the previous year.
Border tourism in 2010 was an increase of three percent over 2008, although the unit does not detail the total numbers, and the comparison with 2009.
With regard to recreational cruise passengers, an increase of 2010 over 2009 was 10.5 percent, while spending that brought the tourists was 8.9 percent higher.
He recalled that during 2009, a health emergency by the human influenza virus A (H1N1), were suspended numerous arrivals of tourist boats.
The average expenditure of international visitors in 2010, was 13.6 percent higher than in 2009, specifically the comparison between the months of December every two years, is 1.9 percent higher for 2010. (With information from agencies / JOT
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Economy - Sunday, February 13, 2011 (17:28 hrs)
• Consider 2010 as one of the best for the sector
The online Financial
Mexico, February 13 .- Mexico received almost 22 million 400 thousand tourists in 2010, an amount that exceeded those recorded in 2009 and 2008, the year regarded as one of the best for the sector.
The Ministry of Tourism (Tourism Ministry) released the figures at the end of last year, both visitor numbers and spending that they exercised.
He explained that last year the tourists left an economic income of 11 000 871 000 000 853 000 196 U.S. dollars, an amount 5.3 percent higher than in 2009.
The presence of 22 million 400 thousand tourists in 2010, is 4.4 percent higher than that of 2009 and more than 22 million arrived in 2008.
The dependence explained that in 2010 visited the country 12 million 774 thousand 785 tourists in hospital, which means an increase of 8.4 percent over the previous year.
Border tourism in 2010 was an increase of three percent over 2008, although the unit does not detail the total numbers, and the comparison with 2009.
With regard to recreational cruise passengers, an increase of 2010 over 2009 was 10.5 percent, while spending that brought the tourists was 8.9 percent higher.
He recalled that during 2009, a health emergency by the human influenza virus A (H1N1), were suspended numerous arrivals of tourist boats.
The average expenditure of international visitors in 2010, was 13.6 percent higher than in 2009, specifically the comparison between the months of December every two years, is 1.9 percent higher for 2010. (With information from agencies / JOT
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Mexico Safe Country In Economic Matters
Mexico, safe country in economic matters
Economy - Tuesday, February 15, 2011 (05:16 hrs)
•No risk of a relapse
•Provide global enterprises will increase by between 4.5 and 5%•"The Mexican currency is overvalued, there is excess liquidity"•Isabel Becerril
The online Financial
Mexico, February 15 .- Mexico is seen by large international corporations as a safe country in economic sphere, arguing that the government of President Felipe Calderón is taking the right steps to combat drug trafficking and end the insecurity.
The expectation of these firms around the country will close 2011 with a growth of between 4.5 and 5 percent, said in an interview with Hans Kohlsdorf, president of Global Business Executive Council (CEEG).
Considered that in 2012 will continue the growth of the Mexican market, because there will be many infrastructure projects and international financial sector recovered, which will facilitate the financing of the plans of both infrastructure and the development of private investment.
He clarified, however, that Mexico will advance at rates of 8 percent only until clarification of the structural reforms required both (Inland Revenue, labor and energy).
He argued that the nation has no economic risk of relapse. Rather, recovery is possible, although the American Union has had a shaky start.
The U.S. economy not in danger of falling into another crisis, he said, because the Barack Obama has taken the right steps to grow back EU.
Commenting on the level it is the peso against the dollar, Kohlsdorf said Mexican currency is overvalued, as in many other nations.
He explained that the assessment record many world currencies, except for China's yuan, is due to excess liquidity in the markets there.
As interest rates in the U.S. and in Europe are very low, these countries seek other investment options, among which there is a rebound in commodity prices and "sadly in an increase in value of many currencies."
The present value of weight of 12 pesos to the dollar, is not ideal. "I think this country live better with a peg that was located at 13 pesos per dollar."
Investment
In that vein noted that Latin American countries must break the paradigm of a strong currency is better for the economy, and to understand that an equilibrium exchange rate depends on the commercial terms of imports and exports.
He said that private enterprise is better than the federal government to continue with the objectives of the last 15 years to maintain healthy finances and solid, and letting the exchange rate is continue to develop the market.
The groups CEEG 39 companies with annual sales represent 10.5 percent of gross domestic product (GDP) of Mexico; its exports contribute 11.8 percent of those made by the country with investments in assets for more than six billion dollars , and generate over 500 thousand jobs.
Some companies that make up the Council are: American Express, ArcelorMittal, Axa Seguros Banamex-Citigroup, BBVA Bancomer, Ford Motor Company, Natural Gas, General Electric, Iberdrola, Nestle, Procter & Gamble, PepsiCo International, Pfizer, Siemens, Telefónica Móviles, Toshiba and Walmart.
In 2007 and 2008, business investment, another 13 members of CEEG thousand 500 million dollars, and in 2009 pledged to invest in Mexico six thousand 30 million. (With information from El Financiero / APB)
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Economy - Tuesday, February 15, 2011 (05:16 hrs)
•No risk of a relapse
•Provide global enterprises will increase by between 4.5 and 5%•"The Mexican currency is overvalued, there is excess liquidity"•Isabel Becerril
The online Financial
Mexico, February 15 .- Mexico is seen by large international corporations as a safe country in economic sphere, arguing that the government of President Felipe Calderón is taking the right steps to combat drug trafficking and end the insecurity.
The expectation of these firms around the country will close 2011 with a growth of between 4.5 and 5 percent, said in an interview with Hans Kohlsdorf, president of Global Business Executive Council (CEEG).
Considered that in 2012 will continue the growth of the Mexican market, because there will be many infrastructure projects and international financial sector recovered, which will facilitate the financing of the plans of both infrastructure and the development of private investment.
He clarified, however, that Mexico will advance at rates of 8 percent only until clarification of the structural reforms required both (Inland Revenue, labor and energy).
He argued that the nation has no economic risk of relapse. Rather, recovery is possible, although the American Union has had a shaky start.
The U.S. economy not in danger of falling into another crisis, he said, because the Barack Obama has taken the right steps to grow back EU.
Commenting on the level it is the peso against the dollar, Kohlsdorf said Mexican currency is overvalued, as in many other nations.
He explained that the assessment record many world currencies, except for China's yuan, is due to excess liquidity in the markets there.
As interest rates in the U.S. and in Europe are very low, these countries seek other investment options, among which there is a rebound in commodity prices and "sadly in an increase in value of many currencies."
The present value of weight of 12 pesos to the dollar, is not ideal. "I think this country live better with a peg that was located at 13 pesos per dollar."
Investment
In that vein noted that Latin American countries must break the paradigm of a strong currency is better for the economy, and to understand that an equilibrium exchange rate depends on the commercial terms of imports and exports.
He said that private enterprise is better than the federal government to continue with the objectives of the last 15 years to maintain healthy finances and solid, and letting the exchange rate is continue to develop the market.
The groups CEEG 39 companies with annual sales represent 10.5 percent of gross domestic product (GDP) of Mexico; its exports contribute 11.8 percent of those made by the country with investments in assets for more than six billion dollars , and generate over 500 thousand jobs.
Some companies that make up the Council are: American Express, ArcelorMittal, Axa Seguros Banamex-Citigroup, BBVA Bancomer, Ford Motor Company, Natural Gas, General Electric, Iberdrola, Nestle, Procter & Gamble, PepsiCo International, Pfizer, Siemens, Telefónica Móviles, Toshiba and Walmart.
In 2007 and 2008, business investment, another 13 members of CEEG thousand 500 million dollars, and in 2009 pledged to invest in Mexico six thousand 30 million. (With information from El Financiero / APB)
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Nissan Increased Investment in Mexico
Nissan increased investment in Mexico 1 to 9 PREVIOUS
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The automaker aims to overcome its production numbers. (Photo: Reuters)Nissan wants to maintain its record numbers. In order to increase production in Mexico, which last year reached 506.490 units, the automaker estimated to invest about $ 900 million between 2009 and 2013.
The shipowner said in late January that seeks to increase volumes , the new units manufactured in Mexico and introduce the first fully electric car.
The March model , which is already produced at the plant in Aguascalientes , be traded for the second quarter.
There is also the model-yet-identified brand name as L02V, which will be sold in the second half of the year, and the Juke model that will arrive from Japan, and Leaf electric zero-emission, expected for next October.
With information from Notimex
NEXT: GM invests in lithium batteries
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NEXT
The automaker aims to overcome its production numbers. (Photo: Reuters)Nissan wants to maintain its record numbers. In order to increase production in Mexico, which last year reached 506.490 units, the automaker estimated to invest about $ 900 million between 2009 and 2013.
The shipowner said in late January that seeks to increase volumes , the new units manufactured in Mexico and introduce the first fully electric car.
The March model , which is already produced at the plant in Aguascalientes , be traded for the second quarter.
There is also the model-yet-identified brand name as L02V, which will be sold in the second half of the year, and the Juke model that will arrive from Japan, and Leaf electric zero-emission, expected for next October.
With information from Notimex
NEXT: GM invests in lithium batteries
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KCSM Will Invest $127.5 Million Dollars in Mexico
KCSM will invest 125.7 million dollars in Mexico
The railway said the resources used for network technology that has concession, the company aims to support Mexico's competitiveness nationally and internationally.
Kansas said that promote five key projects for the railway industry. (Photo: Photos to go)
RELATED ARTICLES
KCSM wants to be the most efficient
Rather than aspiring to greater market share, the railroad wants to be the most efficient in Mexico. KCSM reduce emissions 70% of its trains
The result was achieved thanks to the firm last year purchased 12 green locomotives for 21 million dollars. The agreement Ferromex and KCSM it aligns
MEXICO CITY (Sports Network) - The rail company Kansas City Southern de Mexico announced this year an investment of 125.7 million dollars, which will be used for maintenance, infrastructure, equipment and technology network that has concession.
In this regard, the president and executive representative of the company, José Zozaya , said the company's efforts for this 2011 will aim to develop projects to have better communication networks that allow for growth , in addition to competitive commerce in Mexico so both nationally and internationally.
In a statement, the company announced that in addition to 125.7 million investment, will promote five key projects for the rail industry and that in turn will position Mexico as a highly competitive worldwide.
He explained that these projects will enable the company to better living with the communities where it crosses the network.
The projects include the Terminal Railway on the Island of La Palma Lazaro Cardenas in Michoacan, the Railway Modernization Program in Nuevo Laredo, Tamaulipas; International Railway Bridge in Matamoros, Tamaulipas; Bypass Celaya, Guanajuato and the Bypass Morelia, Michoacan.
He also indicated that begins this year with a new corporate image including logos Potty Kansas City Southern Railway Company (KCSR), Kansas City Southern de Mexico and Panama Canal Railway Company (PCRC) with the slogan "Business Without Borders .
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The railway said the resources used for network technology that has concession, the company aims to support Mexico's competitiveness nationally and internationally.
Kansas said that promote five key projects for the railway industry. (Photo: Photos to go)
RELATED ARTICLES
KCSM wants to be the most efficient
Rather than aspiring to greater market share, the railroad wants to be the most efficient in Mexico. KCSM reduce emissions 70% of its trains
The result was achieved thanks to the firm last year purchased 12 green locomotives for 21 million dollars. The agreement Ferromex and KCSM it aligns
MEXICO CITY (Sports Network) - The rail company Kansas City Southern de Mexico announced this year an investment of 125.7 million dollars, which will be used for maintenance, infrastructure, equipment and technology network that has concession.
In this regard, the president and executive representative of the company, José Zozaya , said the company's efforts for this 2011 will aim to develop projects to have better communication networks that allow for growth , in addition to competitive commerce in Mexico so both nationally and internationally.
In a statement, the company announced that in addition to 125.7 million investment, will promote five key projects for the rail industry and that in turn will position Mexico as a highly competitive worldwide.
He explained that these projects will enable the company to better living with the communities where it crosses the network.
The projects include the Terminal Railway on the Island of La Palma Lazaro Cardenas in Michoacan, the Railway Modernization Program in Nuevo Laredo, Tamaulipas; International Railway Bridge in Matamoros, Tamaulipas; Bypass Celaya, Guanajuato and the Bypass Morelia, Michoacan.
He also indicated that begins this year with a new corporate image including logos Potty Kansas City Southern Railway Company (KCSR), Kansas City Southern de Mexico and Panama Canal Railway Company (PCRC) with the slogan "Business Without Borders .
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jueves, 10 de febrero de 2011
Housing In The Sights Of Foreign Investor In Mexico
Housing in the sights of foreign investors
Written by eStrategy 2 Real Housing Sector 9 February 2011 Because the national economy shows positive signs of recovery and the strength he has shown the housing industry in Mexico during the last decade, now the housing sector returns to the target of foreign investors, picking up strength and expanding its participation in this field.
It is estimated that in general, during the first half of 2010, Mexico received 12.239 million dollars by way of foreign direct investment, being the most active United States, Spain and Holland, plus more than 80% of capital was sought by new investments, while the remaining resources were invested intercompany accounts and reinvested earnings.
In this regard, Mexico has undertaken various mechanisms in order to attract foreign investment to the housing sector, being one of them Mexican Housing Day, an annual event held in the cities of New York and London, which aims to provide business opportunities this industry, as well as to inform international strategies, plans, actions, challenges and strengths of the sector.
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Written by eStrategy 2 Real Housing Sector 9 February 2011 Because the national economy shows positive signs of recovery and the strength he has shown the housing industry in Mexico during the last decade, now the housing sector returns to the target of foreign investors, picking up strength and expanding its participation in this field.
It is estimated that in general, during the first half of 2010, Mexico received 12.239 million dollars by way of foreign direct investment, being the most active United States, Spain and Holland, plus more than 80% of capital was sought by new investments, while the remaining resources were invested intercompany accounts and reinvested earnings.
In this regard, Mexico has undertaken various mechanisms in order to attract foreign investment to the housing sector, being one of them Mexican Housing Day, an annual event held in the cities of New York and London, which aims to provide business opportunities this industry, as well as to inform international strategies, plans, actions, challenges and strengths of the sector.
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Initiate Cip Land Sale In Pacific Cost Development in Teacapan, Mazatlan, Sinaloa, Mexico
Initiate CIP land sale
Written by Real eStrategy 2 Articles and Reports February 9, 2011 Will this Feb. 12 when the Fonatur obtained by the SEMARNAT environmental impact statement of the grounds of the new IPC Teacapán, Sinaloa, to start contracting with hoteliers interested in building infrastructure in the area. This was stated Quesnel Adriana Pérez, director general of Fonatur.
It is noteworthy that according to Perez Quesnel there are several hotel chains in Spain and Mexico, and U.S. investment funds interested in injecting capital and build tourism infrastructure in the CIP Sinaloa. "We had meetings with the approaches and Spanish groups Sol Melia, Riu, Barcelo, Obrascon-Huarte-Lain (OHL), Mayakoba and Investments investment bank, said in an interview.
This year, Fonatur will invest 530 million pesos in the development of urbanization, studies, projects and maintenance of CIP Sinaloa ... The final design of the first sustainable CIP states that will be built 15 thousand quarts and at least 28 000 tourist homes, golf courses , shopping, cultural attractions and an artificial island. The construction of the CIP will last until 2019, will be in nine phases and will generate 150 000 jobs
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Written by Real eStrategy 2 Articles and Reports February 9, 2011 Will this Feb. 12 when the Fonatur obtained by the SEMARNAT environmental impact statement of the grounds of the new IPC Teacapán, Sinaloa, to start contracting with hoteliers interested in building infrastructure in the area. This was stated Quesnel Adriana Pérez, director general of Fonatur.
It is noteworthy that according to Perez Quesnel there are several hotel chains in Spain and Mexico, and U.S. investment funds interested in injecting capital and build tourism infrastructure in the CIP Sinaloa. "We had meetings with the approaches and Spanish groups Sol Melia, Riu, Barcelo, Obrascon-Huarte-Lain (OHL), Mayakoba and Investments investment bank, said in an interview.
This year, Fonatur will invest 530 million pesos in the development of urbanization, studies, projects and maintenance of CIP Sinaloa ... The final design of the first sustainable CIP states that will be built 15 thousand quarts and at least 28 000 tourist homes, golf courses , shopping, cultural attractions and an artificial island. The construction of the CIP will last until 2019, will be in nine phases and will generate 150 000 jobs
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Eurocopter Will Be Installed in Mexico More Investments Arrive
Eurocopter will lift off from Querétaro
09/02/2011 21:49
The Franco-Germano-Spanish, a world leader in the production of helicopters, Eurocopter, announced it will open a plant in Mexico, to be located in the state of Querétaro.
"The choice of where Mexico is the result of several studies carried out to determine the optimal site to establish this new production as part of the international industrial network of the company.
'And after taking into account the economic, geographic, educational and strategic Querétaro offers the decision, "the company said in a statement without specifying the amount of her investment.
Eurocopter has been present in Mexico for almost 30 years through its subsidiary, Eurocopter de Mexico SA de CV (EMSA).
Eurocopter has facilities at the International Airport of Mexico City and employs about 200 workers, EMSA is responsible for sales and technical support for helicopters in the region, including Central America, the Caribbean and northern South America.
At its facilities in Mexico City, EMSA offers assembly services, maintenance, painting and customizing aircraft, plus training and technical training to fly helicopters in Heliescuela Institute. (Common Sense)
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09/02/2011 21:49
The Franco-Germano-Spanish, a world leader in the production of helicopters, Eurocopter, announced it will open a plant in Mexico, to be located in the state of Querétaro.
"The choice of where Mexico is the result of several studies carried out to determine the optimal site to establish this new production as part of the international industrial network of the company.
'And after taking into account the economic, geographic, educational and strategic Querétaro offers the decision, "the company said in a statement without specifying the amount of her investment.
Eurocopter has been present in Mexico for almost 30 years through its subsidiary, Eurocopter de Mexico SA de CV (EMSA).
Eurocopter has facilities at the International Airport of Mexico City and employs about 200 workers, EMSA is responsible for sales and technical support for helicopters in the region, including Central America, the Caribbean and northern South America.
At its facilities in Mexico City, EMSA offers assembly services, maintenance, painting and customizing aircraft, plus training and technical training to fly helicopters in Heliescuela Institute. (Common Sense)
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Construction Will Be Reactived in 2011 in Mexico
Construction will be reactivated in 2011
26/01/2011 19:44
The expected growth is 4.6% during 2011 for the construction industry stagnated for two years mainly by the effects of global economic recession which was emphasized in 2009.
BBVA Bancomer analysts added that housing will play a key role in the recovery of the sector, which by the private sector, the expansion will boost demand for office buildings, shopping centers and industrial plants, also for the part of public sector infrastructure spending will continue to contribute to growth.
An analysis of the financial institution, said that "the building can grow above the average of the economy during 2011", at a rate of 4.6%, where civil works will be the main source of momentum with growth of 5.2% while the building could register an increase of 4.2%.
Figures from the National Institute of Statistics and Geography (INEGI) indicate that in November 2010, the sector grew at a rate of 5.7%, the fourth consecutive month of a positive trend, so that end 2010 with strong signs of recovery.
Private consultants predict that during 2010 the industrial sector reported a meager 0.2% growth, while in 2009 decreased at a rate of 6.4%. Remember that between November 2008 and July 2010, were ligated 21 months continuous fall in its activity.
Bancomer analysts believe the sector has the strength to grow above the average for the economy as a whole during this and next year. (Ricardo Vázquez)
http://www.tibesarealty.com.mx/
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26/01/2011 19:44
The expected growth is 4.6% during 2011 for the construction industry stagnated for two years mainly by the effects of global economic recession which was emphasized in 2009.
BBVA Bancomer analysts added that housing will play a key role in the recovery of the sector, which by the private sector, the expansion will boost demand for office buildings, shopping centers and industrial plants, also for the part of public sector infrastructure spending will continue to contribute to growth.
An analysis of the financial institution, said that "the building can grow above the average of the economy during 2011", at a rate of 4.6%, where civil works will be the main source of momentum with growth of 5.2% while the building could register an increase of 4.2%.
Figures from the National Institute of Statistics and Geography (INEGI) indicate that in November 2010, the sector grew at a rate of 5.7%, the fourth consecutive month of a positive trend, so that end 2010 with strong signs of recovery.
Private consultants predict that during 2010 the industrial sector reported a meager 0.2% growth, while in 2009 decreased at a rate of 6.4%. Remember that between November 2008 and July 2010, were ligated 21 months continuous fall in its activity.
Bancomer analysts believe the sector has the strength to grow above the average for the economy as a whole during this and next year. (Ricardo Vázquez)
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Spanish Investment Expected Fonatur Sinaloa Mexico
Spanish investment expected Fonatur Sinaloa
30/01/2011 20:59
The National Fund for Tourism Development (Fonatur) will spend 530 million pesos in the development of new infraestructuraun Integrally Planned Center (CIP) in Teacapán, state of Sinaloa.
Expect a strong participation of Spanish hotel from the first half of 2012, which will generate around 150,000 jobs over the next eight years.
Fonatur stressed that the fund has a multi-annual budget (fiscal resources guaranteed by the Congress) from 3.800 billion pesos (mp) until 2019 for this CIP will be his first work sustainable.
The fund already carries the first infrastructure in 2.831 acres it acquired in 2008 with an investment of 1.200 mp and this administration have invested 382.2 million pesos.
The challenge for this year is the first sign partnership agreements with hotel chains such as Spanish Ríu, Melia and Barcelo, to place the first stone in 2012 the first hotel in the CIP.
Also provides a chance to invest capital developers Mayan Palace Mexican and Spanish OHL.
Fonatur hotel market the first batch and will be under the partnership scheme, both with the hotel concerned as U.S. investment banks, and has already had talks with Investment Funds to carry out investment plans.
The forecast for this CIP have Sinaloa, which aims to capture a large number of Canadian and American visitors, is to build 44.000 quarts in a total of 208 lots
http://www.tibesarealty.com.mx/
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30/01/2011 20:59
The National Fund for Tourism Development (Fonatur) will spend 530 million pesos in the development of new infraestructuraun Integrally Planned Center (CIP) in Teacapán, state of Sinaloa.
Expect a strong participation of Spanish hotel from the first half of 2012, which will generate around 150,000 jobs over the next eight years.
Fonatur stressed that the fund has a multi-annual budget (fiscal resources guaranteed by the Congress) from 3.800 billion pesos (mp) until 2019 for this CIP will be his first work sustainable.
The fund already carries the first infrastructure in 2.831 acres it acquired in 2008 with an investment of 1.200 mp and this administration have invested 382.2 million pesos.
The challenge for this year is the first sign partnership agreements with hotel chains such as Spanish Ríu, Melia and Barcelo, to place the first stone in 2012 the first hotel in the CIP.
Also provides a chance to invest capital developers Mayan Palace Mexican and Spanish OHL.
Fonatur hotel market the first batch and will be under the partnership scheme, both with the hotel concerned as U.S. investment banks, and has already had talks with Investment Funds to carry out investment plans.
The forecast for this CIP have Sinaloa, which aims to capture a large number of Canadian and American visitors, is to build 44.000 quarts in a total of 208 lots
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Spirit Landed in Yucatan Think
Spirit landed in Yucatan think
07/02/2011 19:46
The U.S. airline Spirit has among its growth projects in the country to open a new route that takes as its starting point the city of Merida to the Caribbean islands and the western U.S. territory.
Michael Pewther American entrepreneurs, and Mark E. Manuel Jacquez Kopczak, have expressed interest in joining the list of low-cost lines, serving the Yucatan and expand travel options from this Mexican city.
Considered that the decision to enter Yucatan corresponds to a study by the airline that gave good results by geographical location, security, growth of the airport and existing infrastructure in the state.
They said that Spirit routes are mostly on the West Coast of the United States, almost all Caribbean islands, in addition to flying to South America. (The Empire State)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpres/
07/02/2011 19:46
The U.S. airline Spirit has among its growth projects in the country to open a new route that takes as its starting point the city of Merida to the Caribbean islands and the western U.S. territory.
Michael Pewther American entrepreneurs, and Mark E. Manuel Jacquez Kopczak, have expressed interest in joining the list of low-cost lines, serving the Yucatan and expand travel options from this Mexican city.
Considered that the decision to enter Yucatan corresponds to a study by the airline that gave good results by geographical location, security, growth of the airport and existing infrastructure in the state.
They said that Spirit routes are mostly on the West Coast of the United States, almost all Caribbean islands, in addition to flying to South America. (The Empire State)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpres/
Group Mexico Will Invest $2' 307 Million Dollars in the Year
Grupo Mexico will invest 2.307 million dollars in the year
09/02/2011 21:43
Miner Grupo Mexico will invest a total of 2.307 million dollars this year (including its transport division), which will mean an annual increase of almost 282%.
The forecast is also due to the expectation that they will maintain the upward trend in metals, particularly copper, which provides 74% of the proceeds from its mining division.
Of the total investment to exercise this year, almost 83% will go to mining, of which 881 million dollars will focus on Mexico, 862 million dollars to Peru and 164 million dollars for Asarco, the U.S., while the remaining 17% or 400 million dollars will go to transportation business.
For this year are expected to total revenue and operating cash flow (EBITDA by its acronym in English) reach 10.000 million dollars and 5.000 m respectively, which will mean increases of approximately 24% in both cases registered against him in 2010.
In the fourth quarter of 2010 Grupo Mexico reported strong results supported by the strong rise in metal prices and higher sales volumes. Its total income rose 51.5% and 70.4% EBITDA.
Grupo Mexico shares in three sectors: mining, construction and transport. In the mining business, is a leading copper producers in the world. Consolidated sales of 2010 was 8.083 million dollars, representing an increase of almost 70%.
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09/02/2011 21:43
Miner Grupo Mexico will invest a total of 2.307 million dollars this year (including its transport division), which will mean an annual increase of almost 282%.
The forecast is also due to the expectation that they will maintain the upward trend in metals, particularly copper, which provides 74% of the proceeds from its mining division.
Of the total investment to exercise this year, almost 83% will go to mining, of which 881 million dollars will focus on Mexico, 862 million dollars to Peru and 164 million dollars for Asarco, the U.S., while the remaining 17% or 400 million dollars will go to transportation business.
For this year are expected to total revenue and operating cash flow (EBITDA by its acronym in English) reach 10.000 million dollars and 5.000 m respectively, which will mean increases of approximately 24% in both cases registered against him in 2010.
In the fourth quarter of 2010 Grupo Mexico reported strong results supported by the strong rise in metal prices and higher sales volumes. Its total income rose 51.5% and 70.4% EBITDA.
Grupo Mexico shares in three sectors: mining, construction and transport. In the mining business, is a leading copper producers in the world. Consolidated sales of 2010 was 8.083 million dollars, representing an increase of almost 70%.
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The Tourism Private Investments in Mexico Will Grow 33%
The tourism private investment in 2011 will grow 33%
09/02/2011 22:00
Private investment in tourism will reach 4.000 million in 2011, representing a growth of 33% compared to 2010, although it requires a good national agreement that tipping the industry sector, ahead of Pablo Azcarraga, chairman of the Council National Tourist Business (CNET).
The business representative said that despite this increase is just beginning to recover for the resource sector pours it lost in 2008 and 2009, when they stopped a lot of investment.
In previous years, private investment in this industry was about 4.000 billion dollars, but in recent times has fallen to 3.000 million.
CNET said the hopes that 2011 is the year of the consolidation of tourism and the time when you can get shown the growth before the crisis.
Regarding the national tourism agreement, which will be released on 28 February in which the government is working, said that this program will bring greater coordination between private initiative and the various ministries.
More work is needed in hand with the Ministry of Environment and Natural Resources, Finance, Communications and Transport and Interior, said the corporate executive.
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09/02/2011 22:00
Private investment in tourism will reach 4.000 million in 2011, representing a growth of 33% compared to 2010, although it requires a good national agreement that tipping the industry sector, ahead of Pablo Azcarraga, chairman of the Council National Tourist Business (CNET).
The business representative said that despite this increase is just beginning to recover for the resource sector pours it lost in 2008 and 2009, when they stopped a lot of investment.
In previous years, private investment in this industry was about 4.000 billion dollars, but in recent times has fallen to 3.000 million.
CNET said the hopes that 2011 is the year of the consolidation of tourism and the time when you can get shown the growth before the crisis.
Regarding the national tourism agreement, which will be released on 28 February in which the government is working, said that this program will bring greater coordination between private initiative and the various ministries.
More work is needed in hand with the Ministry of Environment and Natural Resources, Finance, Communications and Transport and Interior, said the corporate executive.
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jueves, 3 de febrero de 2011
The Hotels Chain City Express Expected To Open 10 New Hotels in Mexico
City expected to open 10 new hotels
Business - Tuesday, February 1, 2011 (13:11 hrs)
•Be invested over 600 million pesos in the project
The online Financial
Mexico, February 1 City .- The hotel chain plans to open 10 units this 2011, which represent an investment of more than 600 million pesos.
At a press conference, Director of Franchise Promotion City Hotel, Carlos Adams, said that unlike other segments of tourism, business traveler kept his flow despite outbreaks of insecurity in some cities, so that this factor does not inhibit their investment expectations.
"When it comes to leisure tourists, it simply changes the destination without problem, but a business traveler has to go where your business requires, and the cities identified as conflictual industrial maintain their pace.
"For example for us Ciudad Juarez is an excellent place, where he managed an average occupancy of 60 percent. And this year we are planning to open in Torreon. This shows that we continue to invest, and the north of the country remains very attractive, "said the manager.
Other cities where the hotels are open Minatitlan, Merida, Culiacan, Buenavista (Federal District), the third hotel in Puebla, Aguascalientes, Playa del Carmen and Ciudad del Carmen, all City Express brand. Also open its third hotel in Veracruz, branded City Junior.
With eight years in the market, the chain has a presence in 22 states and 38 cities. Closed 2010 with 50 hotels operating, of which 40 work under the name of City Express, seven are City and three City Junior Suites. The goal for the next three years is to reach 100 hotels in operation.
The units opened last year in Poza Rica City Express, Nogales and San Luis Potosi City and Junior in Ciudad Juárez and Guadalajara, with a total investment of 300 million pesos.
About their expectations on occupancy, Adams said that in 2010 the mean rate was 59 percent considering the new hotels, but without these, the average rises to 65 percent. This represented a 25.72 percent increase in occupancy and an increase from 27.6 in revenue. This year, the goal is to increase occupancy by four percentage points.
Respect to tariffs, have agreed that if an increase of about 4 percent, with an average of 690 pesos per room. (Adriana Rodríguez Canales / Finsat / MCH)
Business - Tuesday, February 1, 2011 (13:11 hrs)
•Be invested over 600 million pesos in the project
The online Financial
Mexico, February 1 City .- The hotel chain plans to open 10 units this 2011, which represent an investment of more than 600 million pesos.
At a press conference, Director of Franchise Promotion City Hotel, Carlos Adams, said that unlike other segments of tourism, business traveler kept his flow despite outbreaks of insecurity in some cities, so that this factor does not inhibit their investment expectations.
"When it comes to leisure tourists, it simply changes the destination without problem, but a business traveler has to go where your business requires, and the cities identified as conflictual industrial maintain their pace.
"For example for us Ciudad Juarez is an excellent place, where he managed an average occupancy of 60 percent. And this year we are planning to open in Torreon. This shows that we continue to invest, and the north of the country remains very attractive, "said the manager.
Other cities where the hotels are open Minatitlan, Merida, Culiacan, Buenavista (Federal District), the third hotel in Puebla, Aguascalientes, Playa del Carmen and Ciudad del Carmen, all City Express brand. Also open its third hotel in Veracruz, branded City Junior.
With eight years in the market, the chain has a presence in 22 states and 38 cities. Closed 2010 with 50 hotels operating, of which 40 work under the name of City Express, seven are City and three City Junior Suites. The goal for the next three years is to reach 100 hotels in operation.
The units opened last year in Poza Rica City Express, Nogales and San Luis Potosi City and Junior in Ciudad Juárez and Guadalajara, with a total investment of 300 million pesos.
About their expectations on occupancy, Adams said that in 2010 the mean rate was 59 percent considering the new hotels, but without these, the average rises to 65 percent. This represented a 25.72 percent increase in occupancy and an increase from 27.6 in revenue. This year, the goal is to increase occupancy by four percentage points.
Respect to tariffs, have agreed that if an increase of about 4 percent, with an average of 690 pesos per room. (Adriana Rodríguez Canales / Finsat / MCH)
Hutchison Port Holdings Invests $400 Million Dollars In Mexico
Hutchison Port Holdings invests 400 million dollars in Lázaro Cárdenas
Business - Thursday, February 3, 2011 (18:18 hrs)
•G January over 600 thousand jobs direct
The online Financial
Mexico, Feb. 3 .- The port operator Hutchison Port Holdings (HPH) began investing $ 400 million in developing the second phase of the expansion of the Specialized Container Terminal Port of Lázaro Cárdenas (LCT).
The works, which will conclude in October, includes the construction of a pier 300 feet long, increasing to three the berths, in addition to the expansion of switching and storage yards in eight hectares, which will increase terminal capacity to 1.4 million TEUs.
Also, the investment will generate more than 600 thousand direct jobs and another 14 000 500 indirectly.
Jorge Leconte, director of HPH Division for Latin America said that "the second phase expansion of CTL was done according to the National Infrastructure Plan and in order to have time with the infrastructure to address the movement of containers in the Pacific Mexican, even showing an increase due to economic recovery. "
In a matter of port equipment, just arriving at the port from Shanghai Michoacan, two new cranes ZPMC the latest Super Post Panamax, which was invested about 30 million dollars, which will allow the terminal to operate 210 containers time on their docks.
In addition, last week purchased 22 new tractors LCT backyard and trailer for equipment, unique in Mexico for its capacity of more than 70 tons of drag and unique design for container handling.
"Through these investments in new high-tech equipment, facilities and innovation based on customer-oriented electronic processes, LCT allows faster evacuation of cargo in the national port system, which means greater competition for users," said Alfredo Huesca Sanchez, general manager of the terminal. (With information from Finsat / Nicholas Lucas / JJJ)
Business - Thursday, February 3, 2011 (18:18 hrs)
•G January over 600 thousand jobs direct
The online Financial
Mexico, Feb. 3 .- The port operator Hutchison Port Holdings (HPH) began investing $ 400 million in developing the second phase of the expansion of the Specialized Container Terminal Port of Lázaro Cárdenas (LCT).
The works, which will conclude in October, includes the construction of a pier 300 feet long, increasing to three the berths, in addition to the expansion of switching and storage yards in eight hectares, which will increase terminal capacity to 1.4 million TEUs.
Also, the investment will generate more than 600 thousand direct jobs and another 14 000 500 indirectly.
Jorge Leconte, director of HPH Division for Latin America said that "the second phase expansion of CTL was done according to the National Infrastructure Plan and in order to have time with the infrastructure to address the movement of containers in the Pacific Mexican, even showing an increase due to economic recovery. "
In a matter of port equipment, just arriving at the port from Shanghai Michoacan, two new cranes ZPMC the latest Super Post Panamax, which was invested about 30 million dollars, which will allow the terminal to operate 210 containers time on their docks.
In addition, last week purchased 22 new tractors LCT backyard and trailer for equipment, unique in Mexico for its capacity of more than 70 tons of drag and unique design for container handling.
"Through these investments in new high-tech equipment, facilities and innovation based on customer-oriented electronic processes, LCT allows faster evacuation of cargo in the national port system, which means greater competition for users," said Alfredo Huesca Sanchez, general manager of the terminal. (With information from Finsat / Nicholas Lucas / JJJ)
Mexico, a Country of Opportunities
Mexico, a country of opportunities
February 3, 2011 - 18:36Credit:Connie Estefan *
Our Mexico is without doubt a country of great opportunity and there are grounds to support this argument.
Our country enjoys an excellent geographical location that opens the door to countless markets.
The good climate and biodiversity of species make Mexico a country rich in natural resources. Its people, mostly young, is the great engine that drives the economy. Moreover, in recent years the discipline in the management of public finances has led the government deficit is moderate and that our debt will decrease.
True, Mexico is a country with sound public finances and, while much of the resources which the country from oil revenues, it is also true that in recent years has been making a major effort by the government to increase the tax base and non-oil tax revenues.
Investment in infrastructure has been increasing in recent years, reaching record numbers, thereby benefiting the FDI.
Mexico is a reliable proof of this is that the International Monetary Fund has renewed the flexible line of credit for two years and U.S. $ 73.000 million.
Today our reserves are even greater than those we had before the start of the global crisis, reaching 113.000 billion.
It is clear that Mexico is a country with great growth potential. In this context, I think it is important to join the wave of projects that benefit the development of our country. One way is to invest in Mexican companies and the easiest way we have at hand the Investment Funds Equity National.
There are several funds that support the country's largest companies, as those who follow the Price and Quotations Index (IPC), there are even funds that are sector, so we may well choose to promote a specific sector, such as the infrastructure and housing construction in Mexico.
When we invest in Mexico, we believe in our country and we are giving a vote of confidence to our people. It is to be a win-win equation.
What matters is that if the country's expectations are positive it is likely that Mexican companies also do well. So, this is a good time to share the benefits of the Investment Funds Equity National.
My recommendation is that we approach with an investment specialist to guide us and take advantage of the opportunities our country offers.
* Connie Estefan is associate Bancomerconnie BBVA's asset management.
February 3, 2011 - 18:36Credit:Connie Estefan *
Our Mexico is without doubt a country of great opportunity and there are grounds to support this argument.
Our country enjoys an excellent geographical location that opens the door to countless markets.
The good climate and biodiversity of species make Mexico a country rich in natural resources. Its people, mostly young, is the great engine that drives the economy. Moreover, in recent years the discipline in the management of public finances has led the government deficit is moderate and that our debt will decrease.
True, Mexico is a country with sound public finances and, while much of the resources which the country from oil revenues, it is also true that in recent years has been making a major effort by the government to increase the tax base and non-oil tax revenues.
Investment in infrastructure has been increasing in recent years, reaching record numbers, thereby benefiting the FDI.
Mexico is a reliable proof of this is that the International Monetary Fund has renewed the flexible line of credit for two years and U.S. $ 73.000 million.
Today our reserves are even greater than those we had before the start of the global crisis, reaching 113.000 billion.
It is clear that Mexico is a country with great growth potential. In this context, I think it is important to join the wave of projects that benefit the development of our country. One way is to invest in Mexican companies and the easiest way we have at hand the Investment Funds Equity National.
There are several funds that support the country's largest companies, as those who follow the Price and Quotations Index (IPC), there are even funds that are sector, so we may well choose to promote a specific sector, such as the infrastructure and housing construction in Mexico.
When we invest in Mexico, we believe in our country and we are giving a vote of confidence to our people. It is to be a win-win equation.
What matters is that if the country's expectations are positive it is likely that Mexican companies also do well. So, this is a good time to share the benefits of the Investment Funds Equity National.
My recommendation is that we approach with an investment specialist to guide us and take advantage of the opportunities our country offers.
* Connie Estefan is associate Bancomerconnie BBVA's asset management.
Earnings Grow 36% Southern Copper Mexico Group
Earnings grow 36% Southern Copper
February 2, 2011 - 16:29Credit:Reuters
Photo: File EE
Lima .- Southern Copper, one of the largest copper producers in the world, reported Wednesday that its profits rose 36% yoy in the fourth quarter, an increase of production and a rise in copper prices.
SPC.LM SCCO.N Southern Copper, controlled by Grupo Mexico GMEXICOB.MX , earned 492.2 million dollars in the fourth quarter compared with U.S. $ 363.3 million for the same period last year.
With these results, Southern Copper accumulated a profit of 1,554 million in 2010 compared to U.S. $ 929.4 million a year earlier.
The company, which has operations in Peru and Mexico, said production in the fourth quarter increased 3.5% to 130,553 tonnes.
" This increase was primarily due to 15,170 tons of SX / EW copper production at our mine Buenavista, formerly Cananea, which offset the fall in the laws of operations Cuajone and Charity , "the company said in a statement.
According to Southern Copper, the mine Buenavista continues in a process of reconstruction and said that his concentrator reached full capacity in the first quarter of 2011.
On the other hand, the company estimated its key copper project in Peru, Tia Maria, which would raise production by 120,000 additional tons, could start production in the fourth quarter of 2012.
"In 2011 we will continue our aggressive expansion capital projects and metal miners," said chairman of the firm, Larrea.
Southern announced the development of projects with a total investment of 5,600 million dollars for expansion of mining and metallurgy in the next five years.
Southern Copper said it signed contracts also cover copper to reduce the volatility in prices and protect the value of sales .
"Today's contract swaps cover approximately 28% of copper production for 2011 to a previous average of $ 4 per pound," he said.
February 2, 2011 - 16:29Credit:Reuters
Photo: File EE
Lima .- Southern Copper, one of the largest copper producers in the world, reported Wednesday that its profits rose 36% yoy in the fourth quarter, an increase of production and a rise in copper prices.
SPC.LM SCCO.N Southern Copper, controlled by Grupo Mexico GMEXICOB.MX , earned 492.2 million dollars in the fourth quarter compared with U.S. $ 363.3 million for the same period last year.
With these results, Southern Copper accumulated a profit of 1,554 million in 2010 compared to U.S. $ 929.4 million a year earlier.
The company, which has operations in Peru and Mexico, said production in the fourth quarter increased 3.5% to 130,553 tonnes.
" This increase was primarily due to 15,170 tons of SX / EW copper production at our mine Buenavista, formerly Cananea, which offset the fall in the laws of operations Cuajone and Charity , "the company said in a statement.
According to Southern Copper, the mine Buenavista continues in a process of reconstruction and said that his concentrator reached full capacity in the first quarter of 2011.
On the other hand, the company estimated its key copper project in Peru, Tia Maria, which would raise production by 120,000 additional tons, could start production in the fourth quarter of 2012.
"In 2011 we will continue our aggressive expansion capital projects and metal miners," said chairman of the firm, Larrea.
Southern announced the development of projects with a total investment of 5,600 million dollars for expansion of mining and metallurgy in the next five years.
Southern Copper said it signed contracts also cover copper to reduce the volatility in prices and protect the value of sales .
"Today's contract swaps cover approximately 28% of copper production for 2011 to a previous average of $ 4 per pound," he said.
German Company Siemens Invests $50 Million Dollars in Mexico
Siemens invests US50 million in Querétaro
February 2, 2011 - 23:21Credit:Roberto Morales / Posted in The Economist
El Marques, Qro. The German company Siemens will invest $ 50 million in facilities and construction of research and development centers for high voltage equipment at this location.
By 2015 plans to create 500 new jobs in Querétaro Siemens plants.
Yesterday, Siemens laid the foundation stone of an assembly and testing plant that has an area of 10.000 square meters. He also announced that two new research centers will be opened for development of innovative products tailored to American markets.
"Siemens is not only taking advantage of the significant advantages we offer to produce, but is still a pioneer in the transformation that we are pushing for stronger as a knowledge economy," said Bruno Ferrari, Secretary of Economy.
Production
Industrial Park In The Marquess manufacture equipment for high voltage systems in a plant with an area of 4,000 square meters.
The largest engineering conglomerate in Europe has signed agreements to provide services ProMéxico to facilitate the transfer of the German operations to Mexico.
The firm operates 12 manufacturing and service facilities in Mexico, which makes everything from high-voltage substations and electric motors, to lamps, auto headlights and engine and gas turbines, among other products.
"Siemens is well prepared to meet the demand for efficient high-voltage equipment in Mexico. At the same time, this plant (El Marqués) will serve as a platform for exports to Central America and the United States, "said Wolfgang Dehen, CEO of Siemens Energy.
The investment in a context in which the federal government seeks to attract European companies to Mexico to reduce costs by locating in the dollar and have a cheaper production platform.
February 2, 2011 - 23:21Credit:Roberto Morales / Posted in The Economist
El Marques, Qro. The German company Siemens will invest $ 50 million in facilities and construction of research and development centers for high voltage equipment at this location.
By 2015 plans to create 500 new jobs in Querétaro Siemens plants.
Yesterday, Siemens laid the foundation stone of an assembly and testing plant that has an area of 10.000 square meters. He also announced that two new research centers will be opened for development of innovative products tailored to American markets.
"Siemens is not only taking advantage of the significant advantages we offer to produce, but is still a pioneer in the transformation that we are pushing for stronger as a knowledge economy," said Bruno Ferrari, Secretary of Economy.
Production
Industrial Park In The Marquess manufacture equipment for high voltage systems in a plant with an area of 4,000 square meters.
The largest engineering conglomerate in Europe has signed agreements to provide services ProMéxico to facilitate the transfer of the German operations to Mexico.
The firm operates 12 manufacturing and service facilities in Mexico, which makes everything from high-voltage substations and electric motors, to lamps, auto headlights and engine and gas turbines, among other products.
"Siemens is well prepared to meet the demand for efficient high-voltage equipment in Mexico. At the same time, this plant (El Marqués) will serve as a platform for exports to Central America and the United States, "said Wolfgang Dehen, CEO of Siemens Energy.
The investment in a context in which the federal government seeks to attract European companies to Mexico to reduce costs by locating in the dollar and have a cheaper production platform.
The Agreement Will Boost Tourism Sector in Mexico
The agreement will boost tourism sector
February 2, 2011 - 21:42Credit:Lilia Gonzalez and Alejandro de la Rosa / El Economista
Mexico is an attraction for investors in tourism, so that if it speeds up the federal budget in infrastructure and the national agreement on conditions Tourism launched under the agreed criteria, the sector will grow to 15% this year, three times the national economy, said Jorge Dávila Flores, president of the Confederation of Chambers of Commerce, Services and Tourism (Concanaco-SERVYTUR).
The employer acknowledged that insecurity is a factor affecting the perception of Mexico as a country, however, commitments with employers to invest in the country are egregious. They are willing to inject resources into roads, airports, cruise ships, training and other strategies to detonate tourism. "The National Tourism Agreement will be signed later this month and all we ask is that agencies subejercicios forget to reactivate the economy," he said.
Given the scarcity of oil resources and the decline in foreign exchange earnings of Mexican nationals working in the U.S., the challenge is to turn Mexico tourism potential and attract more investment.
Thus said, it is imperative "to speak and act well for Mexico," as required by the Concanaco campaign.
"The perception of investors is not the same that appears in the sensationalist newspaper ... no appetite to do large projects and will be sustained in the future, "said Davila Flores.
He stressed that foreign investment amounted to 39.911 million dollars in tourism during the first nine months of 2010, almost double 2009, when 19.466 million admitted, she said.
Employers will work with authorities to have better conditions for expansion of the sector, so I proposed that safety is turn up the intelligence activities that have information quickly, accurate financial and how criminals operate.
Fund connectivity
Jorge Luis Moya, secretary of the National Airborne, said that twenty years ago in Veracruz and Durango proposed the creation of a fund to promote air connectivity to the destinations, similar to that commented Gloria Guevara.
"We also have the case of Acapulco. Guerrero's government sought an airline to increase its frequency and it took him. Although there was a certain amount of money to ensure the operation in the early days was not used because the route was heated and took his pace over the day, "he said.
There is good value, say
Travel agencies, in line with the Tourism Ministry
The president of the Mexican Association of Travel Agents (AMAV), Jorge Hernandez, said that a "good relationship" with Secretary of Tourism, Gloria Guevara, and that will finalize the agreement.
"We are collaborating in meetings through the National Confederation of Tourism, which is the leadership body to which we belong. I believe we have made progress in this regard and detonate everything is focused on the industry, "said the businessman.
The agencies have suggested to address the following issues: training, more coordination for tourism, creating a payroll savings program and improved ways to market the tourist routes in Mexico.
Hernandez recalled that previously have proposed different ways to promote national and international tourism, but at this time presents a good opportunity to bring together diverse participants.
February 2, 2011 - 21:42Credit:Lilia Gonzalez and Alejandro de la Rosa / El Economista
Mexico is an attraction for investors in tourism, so that if it speeds up the federal budget in infrastructure and the national agreement on conditions Tourism launched under the agreed criteria, the sector will grow to 15% this year, three times the national economy, said Jorge Dávila Flores, president of the Confederation of Chambers of Commerce, Services and Tourism (Concanaco-SERVYTUR).
The employer acknowledged that insecurity is a factor affecting the perception of Mexico as a country, however, commitments with employers to invest in the country are egregious. They are willing to inject resources into roads, airports, cruise ships, training and other strategies to detonate tourism. "The National Tourism Agreement will be signed later this month and all we ask is that agencies subejercicios forget to reactivate the economy," he said.
Given the scarcity of oil resources and the decline in foreign exchange earnings of Mexican nationals working in the U.S., the challenge is to turn Mexico tourism potential and attract more investment.
Thus said, it is imperative "to speak and act well for Mexico," as required by the Concanaco campaign.
"The perception of investors is not the same that appears in the sensationalist newspaper ... no appetite to do large projects and will be sustained in the future, "said Davila Flores.
He stressed that foreign investment amounted to 39.911 million dollars in tourism during the first nine months of 2010, almost double 2009, when 19.466 million admitted, she said.
Employers will work with authorities to have better conditions for expansion of the sector, so I proposed that safety is turn up the intelligence activities that have information quickly, accurate financial and how criminals operate.
Fund connectivity
Jorge Luis Moya, secretary of the National Airborne, said that twenty years ago in Veracruz and Durango proposed the creation of a fund to promote air connectivity to the destinations, similar to that commented Gloria Guevara.
"We also have the case of Acapulco. Guerrero's government sought an airline to increase its frequency and it took him. Although there was a certain amount of money to ensure the operation in the early days was not used because the route was heated and took his pace over the day, "he said.
There is good value, say
Travel agencies, in line with the Tourism Ministry
The president of the Mexican Association of Travel Agents (AMAV), Jorge Hernandez, said that a "good relationship" with Secretary of Tourism, Gloria Guevara, and that will finalize the agreement.
"We are collaborating in meetings through the National Confederation of Tourism, which is the leadership body to which we belong. I believe we have made progress in this regard and detonate everything is focused on the industry, "said the businessman.
The agencies have suggested to address the following issues: training, more coordination for tourism, creating a payroll savings program and improved ways to market the tourist routes in Mexico.
Hernandez recalled that previously have proposed different ways to promote national and international tourism, but at this time presents a good opportunity to bring together diverse participants.
martes, 1 de febrero de 2011
InterContinental Hotels group Will Invest $500 Million Dollars In Mexico
InterContinental will invest 500 million dollars in Mexico
January 31, 2011 - 17:27Credit:AFP
Photo: File
InterContinental Hotel Group announced an investment in Mexico of 500 million dollars over the next three years which will result in the construction of 47 hotels, said Monday the president of Mexico.
Mexican President Felipe Calderón r ecibió at the official residence of Los Pinos to Jim Abrahamson, regional president of InterContinental Hotels Group , which released "an additional investment of 500 million dollars in Mexico over the next 3 years", said the office president in a statement.
The investment will be channeled to build 47 hotels , which will involve about 5,000 more rooms in the country, added the president.
Calderon also met with W. Lee Hammond, President of the American Association of Retired Persons, which has about 43 million retired members, a market that Mexico seeks to capture the momentum of conditions to meet the health tourism.
Tourism is one of the three largest sources of foreign exchange in Mexico, the main destination of Latin America, along with oil and remittances from migrants.
January 31, 2011 - 17:27Credit:AFP
Photo: File
InterContinental Hotel Group announced an investment in Mexico of 500 million dollars over the next three years which will result in the construction of 47 hotels, said Monday the president of Mexico.
Mexican President Felipe Calderón r ecibió at the official residence of Los Pinos to Jim Abrahamson, regional president of InterContinental Hotels Group , which released "an additional investment of 500 million dollars in Mexico over the next 3 years", said the office president in a statement.
The investment will be channeled to build 47 hotels , which will involve about 5,000 more rooms in the country, added the president.
Calderon also met with W. Lee Hammond, President of the American Association of Retired Persons, which has about 43 million retired members, a market that Mexico seeks to capture the momentum of conditions to meet the health tourism.
Tourism is one of the three largest sources of foreign exchange in Mexico, the main destination of Latin America, along with oil and remittances from migrants.
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