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.
citizens brigade in Tabasco

Tabasco residents prepare to contain the damage caused by climate-change-induced coastal erosion

0
Erosion along a 30-kilometer stretch of Tabasco coastline has reached 85% and mangrove forests are thinning at an alarming rate. A brigade of local residents is receiving a crash course on how to contain the damage and save the protective dunes.
Mexican security forces stand with two men in handcuffs

Cartel roadblocks paralyze Matamoros after arrest of Gulf Cartel leader’s son

0
The security incident triggered the temporary closure of the international bridges between Brownsville, Texas, and Matamoros.
Primary school students in Oaxaca city at their desks.

Mexico in Numbers: How does Mexico’s education system compare to other countries?

0
From budgets to bullying, Mexico in Numbers breaks down the data on how Mexico's education system ranks compared to other OECD countries.
BETA Version - Powered by Perplexity