Shuttered tourism marketing agency has debt of 70 million pesos

The disbandment of the Tourism Promotion Council (CPTM), a move that was severely criticized by the tourist industry, has revealed that the agency owed 70.6 million pesos (US $3.7 million) when it was shut down.

The council’s latest financial statements, updated with August 2018, figures, indicate that there are several legal proceedings against it.

The biggest single debt owed by the organization that was responsible for international tourism marketing is 27.4 million pesos in salaries and bonuses to employees.

A data storage and computer systems maintenance firm, Compliance Officers, has sued for breach of contract, demanding the payment of 1.5 million pesos owed for services provided.

The CPTM and its 21 offices abroad were liquidated last month by the federal government.

Tourism promotion will now fall under the jurisdiction of Mexico’s embassies around the world.

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
a watermelon salesman

Headline inflation approaches 5% amid agricultural and energy price pressures

0
The publication of the inflation data for the first half of the month comes just two days before the Bank of Mexico (Banxico) board will decide whether to cut, maintain or increase the central bank's benchmark interest rate, which is currently set at 7%.
Antón Makárenko High School (Preparatoria)

2 teachers killed in shooting at Michoacán high school

0
The shooting occurred at the Antón Makárenko High School (Preparatoria) in the downtown area of Lázaro Cárdenas, Michoacán. The alleged perpetrator — reportedly a 15-year-old student at the school — was detained.
Karim López

Mexican basketball star Karim López set to make NBA Draft history on June 25

0
López, an 18-year-old from Hermosillo, is a highly touted basketball prospect and is expected to be the first Mexican-born player to be selected in the first round of the NBA Draft in Chicago, Illinois, this summer.
BETA Version - Powered by Perplexity