Tuesday, December 6, 2022

Business travel sector cancels 2 billion pesos in spending

Uncertainty in the Mexican economy has led foreign investors to cancel 2 billion pesos (US $105 million) of spending on business travel, an industry spokesman says.

Jaime Salazar, president of the Business Travel Industry Council (Comir), told the newspaper El Financiero that eight foreign companies that had planned to hold large corporate events in Mexico over the next three years have cancelled their plans due to “uncertainty in the financial sector and a lack of clarity from the federal government.”

He added that all events associated with federal agencies will likely be cancelled or significantly reduced.

“As a result, we are expecting a 30% drop in events nationwide in the business tourism sector.”

Salazar said there is a lack of confidence in the Mexican market due to the disbanding of the Tourism Promotion Council (CPTM), and the decision to move the responsibility for tourism marketing toMexico’s embassies around the world.

Comir has attempted to fill the void left by the CPTM’s dissolution and has since been present at several large tourism conventions to try to attract businesses to Mexico for conferences and meetings.

“We have decided to organize pavilions for several of the industry’s most important events, like AMEX Las Vegas, and we won’t stop until the country’s embassies are truly truly qualified to take over promotion.”

Source: El Financiero (sp)

Mergon CEO Pat Beirne (far left) and Coahuila Governor Miguel Riquelme (center) along with other company and state officials at the Mergon inaugeration.

2 foreign-owned manufacturing facilities open in northern Mexico

An Irish plastics company and a United States medical technology company opened new plants in northern Mexico this week.
Horacio Castilleja Albarrán during his time as an active service member, left, and in 2021, right.

Mexico’s last World War II veteran dies at 98

Mexico's last World War II veteran, an army radio operator and member of the Air Force squadron known as the Aztec Eagles, died on Wednesday.
Residents of San Simón de la Laguna, a small town in México state, protest the detention of six community members accused of murder, who have been awaiting trial in Valle de Bravo Penitentiary since 2018. Such dysfunction in the criminal justice system contributes to high rates of impunity.

Impunity for homicides and femicides remains sky-high, new report finds

For the vast majority of homicides and most femicides committed 2016-2021, no perp was convicted, according to an anti-impunity nonprofit.