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  • The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
  • Alfa will invest US$700 million in Altamira electric plant in 2015
  • Eosol Energy will increase investments
  • Mexico manufactures 85% of pieces for the aerospace sector
  • Rassini grows capacity by 40% at their Puebla plant
  • Condumex plant inaugurated in Guanajuato
  • Aeronautics lab inaugurated in Queretaro
  • GM buys US$14 billion from suppliers established in Mexico
  • Astronaut Hernandez suggests more aerospace investment in Mexico
  • Building three hydroelectric plants, among CFE’s plans
  • Prologis in analyzing new investments
  • The Governor of Jalisco is going to Asia for more investments
  • Aerospace will open an MRO workshop in Chihuahua City
  • Exports increased by up to 300% in Queretaro Intercontinental Airport
  • DHL Express expands Hub in Queretaro with US$14.5 million
  • Automotive sector provides impulse to 3M
  • The Governor of Queretaro heads the Mexican Manufacturing Association Meeting
  • Queretaro opens to Chinese investment
  • Investment will grow in the electric sector
  • Oil companies from Houston want to establish in Monterrey
  • Banking system in Mexico, a role model on strength

    Mexico.- The strength of the banking system in Mexico will allow to start applying as of this year new capital agreements, while for most international banks this will mean a huge effort, with possible consequences in the short term. Guillermo Babatz Torres, Chairman of the National Banking and Securities Commission, Comision Nacional Bancaria y de Valores (CNBV), said that current rulings in Mexico are very similar to Basel III rules, which means that the banking sector in Mexico is already operating “under very strict rules”. “The current discussion is taking place globally, not in Mexico, and the reason is that the enforcement of Basel III means a huge effort for most international banks in the world, while the enactment of Basel III in Mexico does not mean a greater effort for local banks”, he said.
    Source: Notimex | Date: 06/03/2012