Banorte plans to increase 14% credit
Consumer credit is an important lever in the growth of the bank's portfolio, in his balence Banorte has made a reservation for 100% of what you owe Mexico, 1.250 million pesos.
As part of the integration of Ixe with Banorte, recently joined Marcos Ramirez, who will serve as corporate director of Banorte. (Photo: AP file)
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By: Jesus Ugarte
MEXICO CITY (FORTUNE) - The total loan portfolio of Banco Mercantil del Norte (Banorte) this year will grow three times to do the Mexican economy (gross domestic product), ie between 13% and 14% estimated to officials of the institution in a conference call with analysts, the financial system.
According to Alejandro Valenzuela, director general of the third largest bank in the country, the expansion of the total portfolio will be supported by a strong increase in consumer credit , followed by the mortgage, payroll and government funding (in the latter advantage much cross-selling).
It also found that the net interest margin of the bank could expand from 20 to 30 basis points , driven by higher interest rates on consumer credit and lower cost of funding.
Moreover, managers at the conference mentioned that as part of the integration process of Ixe with Banorte , he joined Marcos Ramirez (previously working in Santander), who will serve as corporate director.
Book debt to 100% Mexicana
In the conference call, executives said Banorte in the fourth quarter of 2010 the bank made a reservation for 100% of the debt that Mexico had with Banorte (approximately 1.250 billion pesos (mp).
Also in the third quarter of last year the financial institution was able to recover about 182 million pesos of the total of what he owed the airline to suspend operations on 28 August.
Yesterday at a press conference, Alejandro Valenzuela said he did not rule out the possibility that the bank will become a shareholder in Mexico , as part of this rescue. He added that work with PC and Capital (who works on the integration of groups of Mexican investors who capitalized) to find a solution to the problem that led the airline to suspend operations.
On August 28, 2010, New Air Group fully suspended operations Compania Mexicana de Aviation (CMA), Mexicana and Click Mexicana Link arguing the serious financial damage that was and unable to reach agreements (with the different unions workers) that will give future viability of their operations and allow adequate capitalization.
According to the Directorate General of Civil Aviation (DGAC), the first half of 2010, Grupo Mexicana de Aviacion, which includes the three airlines mentioned, had a 28.7% share in the domestic passenger market, ranking second after of Aeromexico , which was 32.0%.
• • • •
miércoles, 26 de enero de 2011
Mexico's Exports Registered a New Record in 2010
Export record mark in 2010
January 25, 2011 - 23:51Credit:Roberto Morales / The Economist
Mexico's exports registered a new record total of $ 298.362 million in 2010, an increase of 1.9% over the figure achieved in 2008, according to the National Institute of Statistics and Geography.
Compared with 2009, the annualized growth rate of exports was 29.8 percent. In 2010, imports totaled U.S. $ 301.482 million, an annual increase of 28.6%, so a deficit of 3.121 million.
Imports and could not beat the record, also achieved in 2008, to 310.132 million dollars.
The different behavior due to external purchases benefited from that recorded a recovery in international markets, especially the U.S. market that Mexico leads the country to 80% of total exports, while imports showed the lower relative growth demand for the domestic economy.
Car exports boost foreign sales
Manufacturing sales grew an annual 29.5% in 2010, settling at U.S. $ 245.745 million. Of this amount, 26% were exports of the automotive industry, which had a record 64.948 million dollars.
In 2010, shipments from the U.S. auto industry increased by 51.8%, while the rest of the world the increase was 63.7 percent.
Oil exports amounted to 41.682 million dollars, 34.8% more, but remained below its pre-crisis level, when they were U.S. $ 50.635 million in 2008.
More shopping for consumption
Imports of consumer goods rose 26.2%, intermediate goods, 34.5% and capital goods fell 1.3 percent.
December 2010 only considering the value of merchandise exports was 26.901 million U.S. dollars, 16.4% higher than in the same month of 2009. This rate was derived from increases of 14.9% in non-oil exports and 25.6% in the oil.
In turn, the increase in non-oil growth originated from 12.2% in non-oil exports directed to the U.S. market and 25.3% in pipelined to the world.
Exports of manufactured goods recorded in December last year an annual increase of 15.1 percent. The most significant changes were seen in exports of food, beverages and snuff (26.5%), steel products (23.7%) of minerometalurgia products (58.3%) and machinery and equipment industry (32.2 per percent).
January 25, 2011 - 23:51Credit:Roberto Morales / The Economist
Mexico's exports registered a new record total of $ 298.362 million in 2010, an increase of 1.9% over the figure achieved in 2008, according to the National Institute of Statistics and Geography.
Compared with 2009, the annualized growth rate of exports was 29.8 percent. In 2010, imports totaled U.S. $ 301.482 million, an annual increase of 28.6%, so a deficit of 3.121 million.
Imports and could not beat the record, also achieved in 2008, to 310.132 million dollars.
The different behavior due to external purchases benefited from that recorded a recovery in international markets, especially the U.S. market that Mexico leads the country to 80% of total exports, while imports showed the lower relative growth demand for the domestic economy.
Car exports boost foreign sales
Manufacturing sales grew an annual 29.5% in 2010, settling at U.S. $ 245.745 million. Of this amount, 26% were exports of the automotive industry, which had a record 64.948 million dollars.
In 2010, shipments from the U.S. auto industry increased by 51.8%, while the rest of the world the increase was 63.7 percent.
Oil exports amounted to 41.682 million dollars, 34.8% more, but remained below its pre-crisis level, when they were U.S. $ 50.635 million in 2008.
More shopping for consumption
Imports of consumer goods rose 26.2%, intermediate goods, 34.5% and capital goods fell 1.3 percent.
December 2010 only considering the value of merchandise exports was 26.901 million U.S. dollars, 16.4% higher than in the same month of 2009. This rate was derived from increases of 14.9% in non-oil exports and 25.6% in the oil.
In turn, the increase in non-oil growth originated from 12.2% in non-oil exports directed to the U.S. market and 25.3% in pipelined to the world.
Exports of manufactured goods recorded in December last year an annual increase of 15.1 percent. The most significant changes were seen in exports of food, beverages and snuff (26.5%), steel products (23.7%) of minerometalurgia products (58.3%) and machinery and equipment industry (32.2 per percent).
Nissan Will Put More Capital in Mexico
Nissan will put more capital in Mexico
January 26, 2011 - 12:18Credit:Notimex
Photo: U.S. File
Nissan Mexicana plans to increase its investments in the country, estimated at $ 900 million between 2009 and 2013, to increase production last year reached the milestone of 506.490 units.
The CEO and president of the company in Mexico, José Muñoz, said at a news conference that constantly evaluating opportunities for production and growth, and l $ 900 million you are a basis to further evaluate opportunities to increase "because we would like have more production capacity. "
As part of the celebration of 50 years of Nissan in Mexico, said that after exceeding the goal of making vehicles in Mexico in 2010 (500,000 units) the shipowner seeks to increase its volumes, the new units manufactured in Mexico and introduce the first fully electric car.
The March model already produced at the plant in Aguascalientes and marketed for the second quarter.
There is also the model-yet-identified brand name as L02V, to 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.
"We have enough interest in increasing production, we think the strategy we implemented over the past two years to increase our exports has enabled us to secure jobs, has allowed us to cost competitiveness and allowed us to be competitive in the domestic market, " said.
In that sense, the manager said the intention of the Japanese owners to maintain this strategy 'to remain competitive in volume significantly. "
After clarifying that the prices of new units will be available to put on the market, said that the cost will be accessible, because "we do not bring these products to sell few, but we sell a lot and will be competitively priced insurance in each of these modelos2.
He stressed that after breaking record production in 2010, Nissan also reached historic highs in exports with sales of 344.246 units in 75 countries worldwide.
In terms of units sold brand in the domestic market, said that the head remains at Tsuru, who in 2010 achieved a 27.7% share, representing an increase of 12.3% compared to 2009.
This unit sales followed the NP 300 or cuttings, with 85.3% share and an increase of 9.6% annually, the Tiida with 30.2% share and an increase of 78.5%, and the Sentra with a growth of 19.5% , ie an increase in its share of 38.5%, he added.
January 26, 2011 - 12:18Credit:Notimex
Photo: U.S. File
Nissan Mexicana plans to increase its investments in the country, estimated at $ 900 million between 2009 and 2013, to increase production last year reached the milestone of 506.490 units.
The CEO and president of the company in Mexico, José Muñoz, said at a news conference that constantly evaluating opportunities for production and growth, and l $ 900 million you are a basis to further evaluate opportunities to increase "because we would like have more production capacity. "
As part of the celebration of 50 years of Nissan in Mexico, said that after exceeding the goal of making vehicles in Mexico in 2010 (500,000 units) the shipowner seeks to increase its volumes, the new units manufactured in Mexico and introduce the first fully electric car.
The March model already produced at the plant in Aguascalientes and marketed for the second quarter.
There is also the model-yet-identified brand name as L02V, to 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.
"We have enough interest in increasing production, we think the strategy we implemented over the past two years to increase our exports has enabled us to secure jobs, has allowed us to cost competitiveness and allowed us to be competitive in the domestic market, " said.
In that sense, the manager said the intention of the Japanese owners to maintain this strategy 'to remain competitive in volume significantly. "
After clarifying that the prices of new units will be available to put on the market, said that the cost will be accessible, because "we do not bring these products to sell few, but we sell a lot and will be competitively priced insurance in each of these modelos2.
He stressed that after breaking record production in 2010, Nissan also reached historic highs in exports with sales of 344.246 units in 75 countries worldwide.
In terms of units sold brand in the domestic market, said that the head remains at Tsuru, who in 2010 achieved a 27.7% share, representing an increase of 12.3% compared to 2009.
This unit sales followed the NP 300 or cuttings, with 85.3% share and an increase of 9.6% annually, the Tiida with 30.2% share and an increase of 78.5%, and the Sentra with a growth of 19.5% , ie an increase in its share of 38.5%, he added.
2011 years of Tourism Said President of Mexico
2011, Tourism: Calderón
Economy - Tuesday, January 25, 2011 (13:27 hrs)
•The president announced several measures to boost the sector
(Photo: Cuartoscuro)
The online Financial
Mexico, January 25 .- President Felipe Calderón declared that 2011 is the year of tourism, and announced various measures to boost the sector.
Inaugurating the National Tourism Convention, the president reported that tourist spots travel to foreign journalists to put Mexico on the world's screens.
Thus began the work of the Convention Center of the National Tourism Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-SERVYTUR) in Mexico City. The opening ceremony was led by Mexico's President Felipe Calderon, the president of the confederation, Jorge Davila, Secretary of Tourism, Gloria Guevara.
As part of the meeting Calderón Hinojosa signed a decree which ordered that 2011 is the Year of Tourism in Mexico and which said it is intended that the activities of government agencies to take into consideration the tourism industry.
Reported that this year the budget for tourism is higher by nearly 200 percent registered in 2006, adding more than four billion dollars, plus he said, he planned activities that benefit the sector as the organization of the next Summit Adventure Travel in Chiapas and the second Cultural Tourism Fair of Morelia.
He also commented that during the six years in charge have spent almost six billion pesos in infrastructure related to this sector and this year will continue to work for the opening of the new region designated by Teacapan in Sinaloa.
On the other hand, Jorge Davila stressed the importance of the industry without smokestacks in our country, as he said, generates 2.5 million direct jobs and nearly five million indirectly. He stressed that the revenue generated by the activities of this sector last year generated 11 thousand 900 million dollars in Mexico.
He also said that this segment that generates about 9 percent of GDP in 2010 showed signs of recovery by reporting a rise of over 6 percent in foreign exchange earnings and 10.4 percent in the number of tourists, while was an increase of 16.2 percent in the arrival of international air travelers.
On the other hand, argued that among the actions taken by the Confederation to promote tourism is launching the second part of the campaign "speaks well of Mexico." Further commented that the agreement was supported and promoted National Tourism Modernization program, through which it has provided bench to three thousand companies.
Finally, explained that during the convention will share experiences to improve understanding of the sector to promote it. He noted that members of the confederation total more than 650 000 companies grouped in 254 cameras. Together these generate 50.3 percent of national GDP and 53 percent of the jobs registered with the IMSS. (With information from agencies / Diana Briseño / MCH)
Economy - Tuesday, January 25, 2011 (13:27 hrs)
•The president announced several measures to boost the sector
(Photo: Cuartoscuro)
The online Financial
Mexico, January 25 .- President Felipe Calderón declared that 2011 is the year of tourism, and announced various measures to boost the sector.
Inaugurating the National Tourism Convention, the president reported that tourist spots travel to foreign journalists to put Mexico on the world's screens.
Thus began the work of the Convention Center of the National Tourism Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-SERVYTUR) in Mexico City. The opening ceremony was led by Mexico's President Felipe Calderon, the president of the confederation, Jorge Davila, Secretary of Tourism, Gloria Guevara.
As part of the meeting Calderón Hinojosa signed a decree which ordered that 2011 is the Year of Tourism in Mexico and which said it is intended that the activities of government agencies to take into consideration the tourism industry.
Reported that this year the budget for tourism is higher by nearly 200 percent registered in 2006, adding more than four billion dollars, plus he said, he planned activities that benefit the sector as the organization of the next Summit Adventure Travel in Chiapas and the second Cultural Tourism Fair of Morelia.
He also commented that during the six years in charge have spent almost six billion pesos in infrastructure related to this sector and this year will continue to work for the opening of the new region designated by Teacapan in Sinaloa.
On the other hand, Jorge Davila stressed the importance of the industry without smokestacks in our country, as he said, generates 2.5 million direct jobs and nearly five million indirectly. He stressed that the revenue generated by the activities of this sector last year generated 11 thousand 900 million dollars in Mexico.
He also said that this segment that generates about 9 percent of GDP in 2010 showed signs of recovery by reporting a rise of over 6 percent in foreign exchange earnings and 10.4 percent in the number of tourists, while was an increase of 16.2 percent in the arrival of international air travelers.
On the other hand, argued that among the actions taken by the Confederation to promote tourism is launching the second part of the campaign "speaks well of Mexico." Further commented that the agreement was supported and promoted National Tourism Modernization program, through which it has provided bench to three thousand companies.
Finally, explained that during the convention will share experiences to improve understanding of the sector to promote it. He noted that members of the confederation total more than 650 000 companies grouped in 254 cameras. Together these generate 50.3 percent of national GDP and 53 percent of the jobs registered with the IMSS. (With information from agencies / Diana Briseño / MCH)
Sectur Ensure Airline Customers in Mexico
Sectur ensure airline customers
Economy - Wednesday, January 26, 2011 (4:47 pm)
•Create a fund with private
•Support flights to unprofitable destinations•IP calls for concrete actions "Year of Tourism"•Claudia Alcantara / Eduardo Ortega / Isabel BecerrilThe online Financial
Mexico, and January 26 .- The Ministry of Tourism (Tourism Ministry) will look this year as a resource-kind subsidy, to ensure the national and international airline flights air occupation of newly created or domestic and international routes to Mexican tourist destinations unprofitable.
The head of the agency, Gloria Guevara, said one of the strategies implemented to increase air connectivity this year, declared the Year of Tourism by President Felipe Calderon will be the creation of this fund.
"The measure (the fund) will start this year, will be one of the actions to provide the president, is coupled with a comprehensive plan that was built last year by the federal executive to promote the Year of Tourism", said after attending the National Tourism Convention 2011 of Concanaco-Servitur.
Tourism Ministry said that will do a study to define the number of available seats that are required by incentive destination, based on the volume of hotel rooms installed. Under this dynamic may estimate the amount of resources that will be needed, he said.
Guevara said that some of the resources will come from the federal government and a private enterprise, which is "very interested" in participating.
After the study, ask the airlines to create new routes, flights and frequencies, he said.
Said that in the first international routes will be invited to the country's airlines to fly to other countries if they do not care, would the request to foreign airlines.
The official explained that the fund seeks to ensure economically airlines federal government will take the proper promotional campaigns to promote the route or destination.
The model
He stressed that the security model works the first two to three months of operation of the routes, and in case of default on the commitments in that period, and is a volume of empty seats, "will use the financial guarantee to compensate airlines .
As evidence that the Bahamas has an agreement with American Airlines security, which until now has not been used, because flights are full, the idea in Mexico is the same thing happens.
Guevara said that 99 percent of the routes left Mexicana Airlines, after its suspension, have been covered and even the number of seats in some places it is higher.
For his part, Calderon signed a decree which declared 2011 as the Year of Tourism, under which the federal government is committed to aligning the secretariats to support activity, made international events to attract tourists and invest in the sector.
He said the global average growth in tourism was more than 6 percent, while that of Mexico exceeded 10 percent, "we are well above the world average in tourism growth."
Calderon said the 99.99 percent of the ten million international tourists visited the country in 2010 was not affected by the prevailing violence.
The president of the National Tourist Business Council (CNET), Pablo Azcarraga said that decree does not eliminate the bad image of the country abroad by insecurity, but a comprehensive action plan, with positive news.
Jorge Hernandez, president of the Mexican Association of Travel Agents (AMAV), said the decree formalizing the commitment, but should initiate coordinated action between public and private sectors.
For its part, the Concanaco presented the program "Let's talk and act good for Mexico," which seeks to clear the country's image with foreign tourists. (With information from El Financiero / APB)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Economy - Wednesday, January 26, 2011 (4:47 pm)
•Create a fund with private
•Support flights to unprofitable destinations•IP calls for concrete actions "Year of Tourism"•Claudia Alcantara / Eduardo Ortega / Isabel BecerrilThe online Financial
Mexico, and January 26 .- The Ministry of Tourism (Tourism Ministry) will look this year as a resource-kind subsidy, to ensure the national and international airline flights air occupation of newly created or domestic and international routes to Mexican tourist destinations unprofitable.
The head of the agency, Gloria Guevara, said one of the strategies implemented to increase air connectivity this year, declared the Year of Tourism by President Felipe Calderon will be the creation of this fund.
"The measure (the fund) will start this year, will be one of the actions to provide the president, is coupled with a comprehensive plan that was built last year by the federal executive to promote the Year of Tourism", said after attending the National Tourism Convention 2011 of Concanaco-Servitur.
Tourism Ministry said that will do a study to define the number of available seats that are required by incentive destination, based on the volume of hotel rooms installed. Under this dynamic may estimate the amount of resources that will be needed, he said.
Guevara said that some of the resources will come from the federal government and a private enterprise, which is "very interested" in participating.
After the study, ask the airlines to create new routes, flights and frequencies, he said.
Said that in the first international routes will be invited to the country's airlines to fly to other countries if they do not care, would the request to foreign airlines.
The official explained that the fund seeks to ensure economically airlines federal government will take the proper promotional campaigns to promote the route or destination.
The model
He stressed that the security model works the first two to three months of operation of the routes, and in case of default on the commitments in that period, and is a volume of empty seats, "will use the financial guarantee to compensate airlines .
As evidence that the Bahamas has an agreement with American Airlines security, which until now has not been used, because flights are full, the idea in Mexico is the same thing happens.
Guevara said that 99 percent of the routes left Mexicana Airlines, after its suspension, have been covered and even the number of seats in some places it is higher.
For his part, Calderon signed a decree which declared 2011 as the Year of Tourism, under which the federal government is committed to aligning the secretariats to support activity, made international events to attract tourists and invest in the sector.
He said the global average growth in tourism was more than 6 percent, while that of Mexico exceeded 10 percent, "we are well above the world average in tourism growth."
Calderon said the 99.99 percent of the ten million international tourists visited the country in 2010 was not affected by the prevailing violence.
The president of the National Tourist Business Council (CNET), Pablo Azcarraga said that decree does not eliminate the bad image of the country abroad by insecurity, but a comprehensive action plan, with positive news.
Jorge Hernandez, president of the Mexican Association of Travel Agents (AMAV), said the decree formalizing the commitment, but should initiate coordinated action between public and private sectors.
For its part, the Concanaco presented the program "Let's talk and act good for Mexico," which seeks to clear the country's image with foreign tourists. (With information from El Financiero / APB)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Investment Will Reach 25 Million Dollars to Industrial Parks in Queretaro Mexico
Investment will reach 25 million dollars to industrial parks in Queretaro
Economy - Wednesday, January 26, 2011 (10:24 hrs)
•This was announced by Secretary for Economic Development, John Gorráez Aguilera
The online Financial
Querétaro, January 26 .- For 2011 it is anticipated the arrival of new businesses to the industrial parks in the municipality of The Marquis, with an investment of up to 25 million dollars, Economic Development Secretary John Gorráez Aguilera, who described "very good" economic recovery that was last year.
"Based on the projections of the Sustainable Development Secretariat (SEDESU), which is what we set the pace, look good year after 2010, it was a very good recovery companies operating in the territory of The Marquis, this year at least we will have an investment of between 20 and 25 million dollars, generating up to 500 thousand direct jobs. "
He said the investment will come mainly from large enterprises to be established in industrial parks already exist in the municipality.
"Many of them have been and there are new industrial parks have been opened, as is the Parque Tecnológico, Parque Industrial El Marques, and Bernardo Quintana."
Finally, he said, the new undertakings will be established this year are mainly auto parts, aerospace industry, logistics and real estate. (With information from Salvador Estrella / AYV)
www,tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
Economy - Wednesday, January 26, 2011 (10:24 hrs)
•This was announced by Secretary for Economic Development, John Gorráez Aguilera
The online Financial
Querétaro, January 26 .- For 2011 it is anticipated the arrival of new businesses to the industrial parks in the municipality of The Marquis, with an investment of up to 25 million dollars, Economic Development Secretary John Gorráez Aguilera, who described "very good" economic recovery that was last year.
"Based on the projections of the Sustainable Development Secretariat (SEDESU), which is what we set the pace, look good year after 2010, it was a very good recovery companies operating in the territory of The Marquis, this year at least we will have an investment of between 20 and 25 million dollars, generating up to 500 thousand direct jobs. "
He said the investment will come mainly from large enterprises to be established in industrial parks already exist in the municipality.
"Many of them have been and there are new industrial parks have been opened, as is the Parque Tecnológico, Parque Industrial El Marques, and Bernardo Quintana."
Finally, he said, the new undertakings will be established this year are mainly auto parts, aerospace industry, logistics and real estate. (With information from Salvador Estrella / AYV)
www,tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
Mexico Places 36 in List Of More Globalized Countries
Mexico, place 36 in list of more globalized countries
Economy - Wednesday, January 26, 2011 (15:22 hrs)
•Hong Kong ranks first(Photo: File)
The online Financial
Davos, January 26 .- Mexico is ranked 36th in the list of most globalized countries in the world, close to the U.S. and ahead of Japan, according to a study released today by Ernst & Young.
The list, which also intervened prestigious building Study Center Economist Intelligence Unit (EIU), is headed by Hong Kong and in last place, 60, lies Iran.
United States is ranked 28 and Chile, the first Latin American country on the list, 29. Japan, the world's third largest economy, ranks Brazil 42 and 46.
The most valued of Mexico are the movement of capital and the commercial activity which is rated lower in the technology exchange.
Globalization Index developed for this report measures the performance of the 60 largest economies in the world according to 20 different indicators which are obtained by integrating key aspects of their businesses beyond their borders.
The report is titled "Winning in a polycentric world: globalization and the changing world of business" and he compares the degree of globalization reached by the largest economies in relation to its Gross Domestic Product (GDP).
The indicators are divided into five main categories: openness to trade, capital movements, exchange technology and ideas, labor movements and cultural integration.
The index measures the level of globalization in relative rather than absolute.
According to this criterion, a country's trade, investment, technology, workforce and cultural integration with other countries is measured in relation to its Gross Domestic Product (GDP) rather than by the absolute value of those elements that exchange.
The report also takes into account the results of a survey conducted in November 2010 over a thousand senior business executives around the world about what your views on the globalization.
According to the study of the audit, the 60 largest world economies will deepen the process of globalization from 2011 to 2014.
Due to the global crisis, he added, this trend was slowed in 2009 and recorded only a small step last year.
But the recovery of the global economy, technological innovation and growth in emerging markets will favor an acceleration of this process in the coming months, the researchers report.
The report noted that the major challenge for companies is to integrate two trends, in principle, opposed.
On the one hand, globalization encourages companies to expand internationally and operate globally and, secondly, the differences between each market, which also requires companies to a more local approach, said Ernst & Young. (With information from Notimex / MCH)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Economy - Wednesday, January 26, 2011 (15:22 hrs)
•Hong Kong ranks first(Photo: File)
The online Financial
Davos, January 26 .- Mexico is ranked 36th in the list of most globalized countries in the world, close to the U.S. and ahead of Japan, according to a study released today by Ernst & Young.
The list, which also intervened prestigious building Study Center Economist Intelligence Unit (EIU), is headed by Hong Kong and in last place, 60, lies Iran.
United States is ranked 28 and Chile, the first Latin American country on the list, 29. Japan, the world's third largest economy, ranks Brazil 42 and 46.
The most valued of Mexico are the movement of capital and the commercial activity which is rated lower in the technology exchange.
Globalization Index developed for this report measures the performance of the 60 largest economies in the world according to 20 different indicators which are obtained by integrating key aspects of their businesses beyond their borders.
The report is titled "Winning in a polycentric world: globalization and the changing world of business" and he compares the degree of globalization reached by the largest economies in relation to its Gross Domestic Product (GDP).
The indicators are divided into five main categories: openness to trade, capital movements, exchange technology and ideas, labor movements and cultural integration.
The index measures the level of globalization in relative rather than absolute.
According to this criterion, a country's trade, investment, technology, workforce and cultural integration with other countries is measured in relation to its Gross Domestic Product (GDP) rather than by the absolute value of those elements that exchange.
The report also takes into account the results of a survey conducted in November 2010 over a thousand senior business executives around the world about what your views on the globalization.
According to the study of the audit, the 60 largest world economies will deepen the process of globalization from 2011 to 2014.
Due to the global crisis, he added, this trend was slowed in 2009 and recorded only a small step last year.
But the recovery of the global economy, technological innovation and growth in emerging markets will favor an acceleration of this process in the coming months, the researchers report.
The report noted that the major challenge for companies is to integrate two trends, in principle, opposed.
On the one hand, globalization encourages companies to expand internationally and operate globally and, secondly, the differences between each market, which also requires companies to a more local approach, said Ernst & Young. (With information from Notimex / MCH)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Born Mexican Cruise Brand
Born Mexican cruise brand
Business - Monday, January 24, 2011 (14:14 hrs)
•Star Ocean is expected to generate an economic Cruises three thousand pesos
The online Financial
Mexico, January 24 .- From this year to begin operations the first Mexican cruise line, Star Cruises Ocean, formed by the group of businessmen National Cruise Corporation. It is estimated that each year the company's operations generated a total economic benefit of nearly three billion pesos in the various ports it touches.
During the presentation of the mark, Henry Yaniz, director general of the company, reported that the route of the Pacific Ocean Star boat, with capacity for 50 thousand passengers, ports include Acapulco, Manzanillo, Ixtapa-Zihuatanejo, Puerto Vallarta, Huatulco , Cabo San Lucas and Puerto Chiapas.
The plans of the corporation include in the next five years the fleet is six boats may sail the waters of the Pacific, Gulf of Mexico and the Sea of Cortez. This year there will be six tours of three to seven nights.
With the launch of this brand was created approximately 750 direct jobs and 500 indirect three thousand. It is also estimated that cruise passengers annually generate 500 million pesos in the destinations they travel the boat, spend 70 million dollars in supplies and paid 50 million pesos in taxes and port services.
According to the federal tourism secretary, Gloria Guevara, said that Mexico is the second largest market for shipping since last year the country's ports reached two thousand 600 cruises with five million 400 thousand passengers, or nearly 10 percent more than in 2009. (Diana Briseño / Finsat / MCH)
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Business - Monday, January 24, 2011 (14:14 hrs)
•Star Ocean is expected to generate an economic Cruises three thousand pesos
The online Financial
Mexico, January 24 .- From this year to begin operations the first Mexican cruise line, Star Cruises Ocean, formed by the group of businessmen National Cruise Corporation. It is estimated that each year the company's operations generated a total economic benefit of nearly three billion pesos in the various ports it touches.
During the presentation of the mark, Henry Yaniz, director general of the company, reported that the route of the Pacific Ocean Star boat, with capacity for 50 thousand passengers, ports include Acapulco, Manzanillo, Ixtapa-Zihuatanejo, Puerto Vallarta, Huatulco , Cabo San Lucas and Puerto Chiapas.
The plans of the corporation include in the next five years the fleet is six boats may sail the waters of the Pacific, Gulf of Mexico and the Sea of Cortez. This year there will be six tours of three to seven nights.
With the launch of this brand was created approximately 750 direct jobs and 500 indirect three thousand. It is also estimated that cruise passengers annually generate 500 million pesos in the destinations they travel the boat, spend 70 million dollars in supplies and paid 50 million pesos in taxes and port services.
According to the federal tourism secretary, Gloria Guevara, said that Mexico is the second largest market for shipping since last year the country's ports reached two thousand 600 cruises with five million 400 thousand passengers, or nearly 10 percent more than in 2009. (Diana Briseño / Finsat / MCH)
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
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