Billionaire Carlos Slim speaking at a speaking event in September. Mario Jasso / Cuartoscuro.com
The Mexican economy will boom in coming years as the United States reduces its reliance on Chinese-made products, billionaire businessman Carlos Slim predicted Wednesday.
Speaking at an event at the National Autonomous University (UNAM), Mexico’s richest person said that the U.S. has depended heavily on imports from China for over 20 years but will increasingly look to Mexico due to its “economic confrontation” with the world’s most populous country.
“The products they imported from [China] will have to be produced here,” Slim said.
The magnate said that the United States and Canada could increase their domestic manufacturing capacity, but asserted that only Mexico can compete with China on production costs.
Slim, the owner of companies such as Telcel, Sanborns and Carso Infrastructure and Construction, said that increased investment in manufacturing capacity in Mexico could spur annual economic growth of 6% or higher. Mexico hasn’t seen sustained growth at that level since the 1950s and ’60s, a period when successive governments pursued an economic strategy known as the “Mexican miracle.”
The nearshoring phenomenon is already benefiting the Mexican economy, and Slim believes that benefit will only grow.
“What I see for all of you is a prosperous Mexico with sustained growth, with a lot of opportunities for job creation and economic activities,” he told UNAM students.
Slim said he was confident that Mexico will seize the opportunity, although Mexico’s nationalistic energy policies are seen as one barrier to investment.
“Public finances are healthy and will remain healthy until the end of this government, that’s important. I’m convinced that the coming years will be years of a lot of work and a lot of opportunities,” he said.
Slim also said that the North American free trade pact, the United States-Mexico-Canada Agreement, is an important factor in the economic success he envisions. The agreement, which took effect in 2020, allows tariff-free trade for a wide range of products provided certain conditions are met.
Slim also highlighted the importance of oil to the Mexican economy and noted that production is increasing once again.
“What I want to stress is that the world you’re going to get, … the world you’re going to live in will be one of a lot of work, a lot of investment and a lot of [economic] activity,” he told students.
The president at his Wednesday morning conference. Presidencia de la República
President López Obrador said Wednesday that he intends to live on a government pension once he leaves office in 2024 as he hasn’t accumulated wealth during his long political career.
“I’m president [now] but I have to think about requesting my Issste penion … because I don’t have money,” the 68-year-old told reporters at his regular news conference. Issste is the State Workers Social Security Institute.
López Obrador, who currently earns a net monthly salary of 136,700 pesos (just over US $7,000), said that unlike many other politicians, he hasn’t used the positions he’s held to get rich.
“Even though I was an opposition politician, I could have amassed a lot of money,” said AMLO, who was Mexico City mayor between 2000 and 2005 before running unsuccessfully for the presidency in 2006 and 2012.
“… Opposition politicians also have money, especially those who were corrupted. All of a sudden [some politicians have] ranches and fine horses, after coming from the social struggle … [they smoke] cigars and [have] latest-model cars,” said López Obrador, who inherited a ranch in Palenque, Chiapas, from his parents.
The president, who prides himself on his personal austerity, said “there is an idea, or there was an idea, that a poor politician is a bad politician.”
He also said there is an idea that his government is opposed to the wealthy. “No! We’re against corrupt people, which is different. Not everyone who has money is evil,” López Obrador said.
The president said earlier this year that he believed he would qualify for an Issste pension of between 25,000 and 30,000 pesos (about US $1,300 to $1,500) a month. He said late last year that he would steer clear of politics once he’s retired, and live a peaceful life on his Palenque ranch.
“I’m going to turn off my phone. My sons and my grandchildren will always be welcome [to visit], but zero politics because we have to hand the baton to those who come behind us,” AMLO said.
The number of visitors who stay more than one night at destinations in the country's interior (like Guanajuato, pictured) has also gone up. Foto de Dan Torres en Unsplash
September was a good month for tourism in Mexico, according to new data from the National Institute of Statistics and Geography (INEGI) — but it wasn’t quite as good as September 2019, a few months before the COVID pandemic was declared.
In September of this year, Mexico received 2.77 million international tourists, which was a 12.9% increase compared to the same month in 2021, according to INEGI’s International Traveler Survey. However, that number was 8.8 percent lower than the arrivals for September 2019, back when masks were something worn primarily for Halloween and costume parties.
Moreover, the number for September 2022 was a few ticks lower than the 3.1 million international tourists who visited during August 2022, when summer vacationing with the kids was still in high gear.
The survey noted that while many foreign visitors are day-trippers to border towns or cruise ship passengers, there were 1.63 million tourists in September 2022 who stayed over at least one night in the interior of Mexico — a 27.1% increase over September 2019.
Of course, tourists spend money: a total of US $1.8 billion in September 2022, which was better than the US $1.5 billion spent in September 2021 and the US $600 million spent in September 2020, according to INEGI.
The survey also presented average expenditures by each tourist who arrived by air: US $1,057 in September 2022, compared to US $1,123 in September 2021 and US $957 in September 2020.
Overall, for the first nine months of 2022, it was reported that 27.5 million international tourists entered the country, an increase of 22.4% over the same period in 2021 — but still not as many as the 32.8 million for the same period in 2019.
The cumulative January-through-September spending figures for 2022 were US $19.3 billion, which beat last year’s total by 56% and even surpassed the US $16.9 billion spent during the same period of 2019, according to INEGI data, although higher 2022 prices due to inflation have had an impact.
The central bank's headquarters in Mexico City. Wikimedia Commons CC BY-SA 3.0
As expected, the Bank of México (Banxico) lifted its benchmark interest rate by 75 basis points to a new record high of 10% on Thursday.
Four of five Banxico board members supported a fourth consecutive 0.75 percentage point hike, while Deputy Governor Gerardo Esquivel voted in favor of a more modest 0.5% increase.
The decision came a day after the national statistics agency INEGI reported that annual headline inflation eased slightly to 8.41% in October, but core inflation rose to a 22-year-high of 8.42%.
Banxico said in a statement that “accumulated pressures associated with both the pandemic and the military conflict [in Ukraine] have continued to affect headline and core inflation.”
It said that the central bank board “evaluated the magnitude and diversity of the shocks that have affected inflation” and “considered the increasing challenges for monetary policy stemming from the ongoing tightening of global financial conditions [and] the environment of significant uncertainty,” among other factors.
“… Based on these considerations, the board decided by majority to raise the target for the overnight interbank interest rate by 75 basis points to 10.00%. With this action, the monetary policy stance adjusts to the trajectory required for inflation to converge to its 3% target within the forecast horizon,” Banxico said.
“The board will thoroughly monitor inflationary pressures as well as all factors that have an incidence on the foreseen path for inflation and its expectations … with the objective of setting a policy rate that is consistent at all times,” with two goals, the national bank said: making steady, timely progress toward a headline inflation target of 3% while taking into account the impact on the economy and financial markets.
The Bank of México has now raised its key rate by 6 percentage points since June 2021, when the current tightening cycle began. Each of its four 75 basis point hikes followed increases of the same size by the United States Federal Reserve.
Citigroup is currently accepting bids for its Mexican arm Citibanamex. Moisés Pablo Nava/Cuartoscuro
Citigroup said on Tuesday that it would purchase Deutsche Bank’s Mexican banking license to maintain its corporate investment and private banking presence in the country following the planned sale of its local retail unit, Citibanamex.
“The acquisition of this license, subject to all the corresponding regulatory approvals, facilitates our exit from consumer banking and the ability to continue with our institutional operations in Mexico,” Citi said in a statement to the Reuters news agency over email.
Citi Chief Executive Jane Fraser announced early in 2022 that the financial group would retreat from consumer, small-business, and middle-market banking in Mexico. However, Fraser also said that it would keep its Mexican investment bank and private banking in order to cater to institutional clients in the country, because “Mexico is a priority market for Citi.”
This is all part of Fraser’s efforts to sell some international operations and simplify the firm, she said. The current deal with Deutsche Bank would make it easier for Citigroup to continue offering services to large corporations and wealthy clients after the sale.
Carlos Slim’s company Grupo Financiero Inbursa is one of the main bidders to buy Citibanamex. He’s competing against fellow Mexican magnate Germán Larrea’s Grupo México. Mario Jasso/Cuartoscuro
Although no financial details were given about the agreement, a buyer is expected to be named by the end of 2022 or beginning of 2023.
Among the main bidders to buy Citibanamex, are Grupo Financiero Inbursa, owned by billionaire Carlos Slim, and mining Mexican titan Germán Larrea, the main owner of the copper mining concern, Grupo México. Both are the front-runners to buy the local retail arm of the group valued at between US $7 billion and US $12 billion.
However, the small local firm Grupo Financiero Mifel, backed by Advent International, is leading a group of investors who will also present an offer, Mifel said in a statement.
Citigroup is asking bidders to submit final binding bids for the next round, which should mark the end of the auction process, according to the newspaper El Financiero, which said another round is unlikely.
This week, President Andrés Manuel López Obrador said in his morning press conference that he expects the deal to be closed before the year ends.
Jordan Marshall, Kandace Florence and Courtez Hall. Courtesy photos from the families
Three United States citizens who were found dead in a Mexico City apartment late last month are believed to have died of carbon monoxide poisoning, although one of the victims reportedly told her boyfriend that she felt “drugged” after drinking at a bar the night before she passed away.
Two men and one woman were found Oct. 30 in an apartment they rented through Airbnb in the western borough of Cuajimalpa. Jordan Marshall, Courtez Hall and Kandace Florence traveled to Mexico City to celebrate the Day of the Dead holiday, according to media reports.
The Mexico City Attorney General’s Office said that studies indicated that the three friends died of carbon monoxide (CO) poisoning at an apartment in the La Rosita neighborhood, located near the Santa Fe business district.
Police said they found the bodies after security guards reported a strong smell of gas emanating from the apartment where the three Americans were staying. That suggests that carbon monoxide wasn’t the only gas that leaked as CO is odorless.
Leaky gas water heaters and stoves can emit carbon monoxide, which can cause headaches, dizziness, confusion and death if inhaled.
Airbnb told the news agency Bloomberg that the deaths were a “terrible tragedy” and that it was ready to assist authorities with their investigations. Marshall and Florence were in their late 20s while Hall was in his early 30s. The two men were reportedly teachers in New Orleans, while Florence was an entrepreneur in Virginia who had just started a candle business.
According to an El País newspaper report, Florence sent messages to her boyfriend in the early morning of Oct. 30 and told him that she felt “drugged.”
The newspaper spoke with Victor Day, who said that his girlfriend told him at about 3 a.m. on Oct. 30 that she felt extremely tired and had vomited. “She told me she felt drugged before she went back to the apartment,” Day told El País.
He saw on his girlfriend’s Instagram stories that she, Marshall and Hall had been drinking wine on an outdoor terrace in the capital. Criminals in Mexico City are known to slip drugs into people’s drinks in order to facilitate subsequent crimes, including sexual assaults, that they intend to commit. However, there was no indication that the three Americans were victims of any crime while out on the night of Oct. 29, or that the two men felt unwell after leaving the bar.
In messages sent to Day, Florence said she felt like she had taken ecstasy, as the drug MDMA is commonly known. “Where’s Jordan? Are you home or are you still out,” Day inquired. “I just got here. I’m literally in pain and pacing around the apartment. I’m shaking,” Florence responded.
The couple subsequently spoke on a video call and Day said he heard his girlfriend vomiting and retching. “She was visibly suffering,” he told El País.
“I tried to call her again [later], but I didn’t get through. I told myself that maybe it was nothing; that she would throw up whatever they gave her, sleep, we would talk again in the morning, and she would tell me what happened. Unfortunately, that was the last time I spoke to her,” Day said.
El País reported that the victims’ relatives don’t know what bar the three tourists visited on the night of Oct. 29. The U.S. Embassy in Mexico City told the newspaper that it was monitoring the case and providing consular assistance to the victims’ families.
Day made it clear that he didn’t agree with the conclusion that the deaths were caused by carbon monoxide poisoning. He said the apartment where the three friends stayed was advertised as having carbon monoxide sensors and questioned why they weren’t activated if gas was leaking.
“If gas was the cause, how is it possible that the sensors didn’t go off to alert them? How is it possible that the security guards who found them were not poisoned as well? And how could Kandace tell me that she felt drugged long before she returned home?” Day asked.
Economy Minister Raquel Buenrostro appeared before the Senate on Tuesday. Twitter @SE_mx
According to the Economy Ministry, hundreds of companies are interested in relocating to Mexico owing to the country’s geographical proximity to the United States and to the U.S.-Mexico-Canada Agreement (USMCA).
“More than 400 North American companies have the intention to carry out a relocation process from Asia to Mexico,” Economy Minister Raquel Buenrostro said at an appearance before the Senate on Tuesday.
She said that the interest in relocating to Mexico stems from the importance of the treaty, which has “strengthened the relationship with the U.S. and Canada.” However, she added that an agreement to resolve the energy dispute under the USMCA must be secured to move forward with the investments.
In July, the U.S. requested dispute settlement consultations with Mexico under the USMCA over a series of changes in Mexico’s energy policies. Although the U.S. hasn’t called a dispute panel to rule on the subject, the U.S. ambassador to Mexico said in October that the possibility has not been ruled out.
The automotive manufacturers are one of the main industries taking advantage of nearshoring opportunities. Gobierno de Guanajuato
According to Credit Suisse, if the U.S. was to call a dispute panel to rule on the energy policy dispute, the sanctions resulting from such a decision could interfere with the nearshoring plans of the 400 companies interested in relocating.
Nearshoring has become an important driver of foreign investment in the country. According to the latest study conducted by Credit Suisse, in October alone, Mexico registered an investment of US $2.05 billion from this activity.
So far this year, nearshoring has drawn a total of US $17.2 billion — 25.5% more than the figure reported in the same period of 2021. Most of the investment income has been fueled by companies in the automotive industry such as Volkswagen, Continental, Pirelli, and Michelin.
This is in line with a recent study led by the Bank of Mexico (Banxico) which noted that a growing number of companies are finding a solution in Mexico to the trade conflict between China and the U.S., which is forcing them to move their production and supply chains closer to home.
Recognizing the importance of nearshoring for Mexico, Buenrostro stressed on Tuesday that neither Mexico, the U.S. or Canada want confrontations over the USMCA consultations, “… and least of all now that we are going through a global crisis and when relocation is so important,” she said. She added that Mexico’s geographical location as well as the country’s size and market features, have resulted in Mexico being the U.S.’ largest trade partner.
Members of the group Grupo Plural Reforma hold the slogan that has been circulating among protesters online, saying, "The INE shall not be touched."
Demonstrations will occur throughout Mexico on Sunday to protest the federal government’s controversial electoral reform bill.
The protests, organized by civil society and political organizations, are currently scheduled in 25 Mexican cities as well as at the Mexican consulate in Los Angeles.
The electoral reform seeks to dissolve the National Electoral Institute (INE) and create a new electoral authority, as well as cut funding and replace the 11 INE members, who are chosen by political consensus, with seven directly elected delegates.
This is part of a broader set of proposed changes to the electoral system, including funding cuts for political parties and the elimination of proportional representation seats in Congress.
President Lopez Obrador has accused the rallies’ organizers of opposed to his government, but he also urged Morena members not to provoke protesters.
The protesters have outlined four primary demands:
a rejection of the electoral reform
a rejection of changes to any secondary laws negatively impacting the INE’s duties
a refusal to cut the electoral body’s budget
maintenance of the constitutionally established method of electing the INE’s members.
President López Obrador stated during his regular press briefing today that the protesters have a right to mobilize, claiming that he will clear Mexico City’s zócalo to make space for the demonstration. In another press briefing, he characterized the mobilization as a protest against his government.
“The people should know that it is a demonstration against us because we are carrying out a policy in favor of the people. [The opposition parties] are classist, racist and undemocratic. They are the ones who participated in electoral fraud and would like to continue having control over the INE,” he said.
The protest’s organizers denied the president’s statements.
“We are calling for a peaceful march, and exclusively in defense of the INE. We are not protesting against anyone,” said organizer Amado Avendaño
While a recent poll conducted by the INE showed that 93% of its 400 respondents support the electoral reform, another conducted by the newspaper Reforma demonstrated that citizens were largely in favor of the electoral authority, with an approval rating of 73%.
Opposition politicians and others have noted that the INE is essential to maintaining Mexico’s young democracy, which emerged just over two decades ago when 70 years of one-party rule by the Institutional Revolutionary Party (PRI) ended.
The opposition has also maintained that dissolving or weakening the INE is non-negotiable. Because the ruling party Morena only holds a simple congressional majority, it needs opposition support to gain the two-thirds vote required for constitutional changes, a situation that provides checks and balances.
“Mexico needs us to unite in this important battle,” Moreno said.
This is the first time that a sitting Mexican president has initiated such sweeping electoral changes before a major election. The country will hold its largest election ever in 2024. Some have contended that the proposed changes against the electoral body could help the president challenge the election results if his party were to lose.
Sunday’s protests are expected to remain peaceful, with organizers already in communication with public security officials. The president also asked members of his Morena party not to provoke demonstrators.
Few women in Mexico end up in “better-paid decision-making positions” during their working lives, the think tank the Mexican Institute for Competitiveness said. Crisanta Espinosa Aguilar/Cuartoscuro
Women in Mexico earn 14% less than men on average, and over two-thirds of working women receive salaries equivalent to less than double the minimum wage of 173 pesos (US $8.80) per day, a new study has found.
Completed by the Mexican Institute for Competitiveness (IMCO), the study measured the gender pay gap in Mexico and nine other countries. The data for Mexico comes from INEGI, the national statistics institute.
While the pay gap in Mexico was the second lowest among 10 countries including the United States, Chile, the United Kingdom and Japan, the think tank said that doesn’t mean there is “greater equity” in the Mexican labor market.
The gender pay gap in Mexico is lower than that in Iceland and the U.K, IMCO said, but the 14% figure doesn’t acknowledge the fact that “very few women” enter the “remunerated economy” in Mexico. Among those who do, 70% earn less than two minimum salaries, IMCO said, meaning that most women earn less than US $18 per day.
IMCO’s director Valeria Moy acknowledged that the gender pay gap has declined from 20% in 2005 but said progress has been “very slow.” Twitter
Few women progress to “better-paid decision-making positions” during their working lives, the think tank said.
At the presentation of the study on Tuesday in Mexico City, IMCO director Valeria Moy acknowledged that the gender pay gap has declined from 20% in 2005, but said that the progress achieved has been “very slow.”
“If women want to have the same average yearly income as men, they would have to work 51 additional days,” she said.
Laura Tamayo, an official with the Business Coordinating Council – a private-sector organization that supported the IMCO study – said that the gender pay gap is another expression of the sexism that exists in Mexico and other countries around the world.
Among Mexico’s 32 federal entities, IMCO found that Oaxaca has the largest gender pay gap, followed by Colima and Hidalgo. Women in those states earn on average salaries that are about three-quarters the size of those received by men.
The only state where women earn more than men on average is Chiapas. IMCO found that women in the southern state, one of Mexico’s poorest, earn 10.2% more than men. One reason for that situation, the think tank said, is that large numbers of men in Chiapas work in low paid agricultural and construction jobs.
Across Mexico, women face a “series of barriers” to enter and remain in the workforce and to advance in their careers, IMCO said.
“Among them: a greater nonremunerated work burden, … which translates into shorter [paid] working days … [and] prevailing gender stereotypes that cause a greater concentration of female or male labor in certain sectors and occupations,” it said.
Among 10 countries IMCO researched, Mexico had the second lowest wage gap, doing better than Iceland, the U.K., and the U.S. IMCO
Occupational segregation “reduces average incomes for women in comparison with men,” IMCO said.
The sector with the largest gender pay gap in Mexico is the media, with women earning 33% less than men on average. Women earn 27% less than men in the nongovernment services sector, 26% less in retail, 24% less in manufacturing and 24% less in the accommodation and restaurant sector, IMCO said.
However, women employed in the real estate, construction and mining sectors earn more than men on average. Salaries for women are 43% higher for women in the first case, 33% higher in the second and 25% higher in the third, the study found.
Mexican women were also found to earn more than men in the electricity, water and gas sector, the agriculture industry and when working for the government or an international organization.
IMCO said that the sectors in which women earn more than men on average are characterized by having a low percentage of female employees. The comparatively small number of women who work in those sectors are employed in “better jobs” than many men who work in the same industries, the think tank said.
“For example, only 4% of people who work in construction are women, but the majority have a bachelor’s degree and enter administrative positions in which they earn higher average incomes than men,” IMCO said.
Fátima Masse, an IMCO official who led the study, said there is no “magical solution” to end the gender pay gap, but to help close that which exists across most sectors of the Mexican economy, the think tank proposed five measures, including working to combat gender-based occupational segregation so that more women enter sectors and jobs in which they will receive better remuneration.
IMCO also found that Mexican women who work in traditionally male-dominated industries are often in better jobs with better pay than male counterparts. Modern Machine Shop/Mexico
IMCO also said that workplaces should undertake “self-diagnoses” to establish the reasons why women and men are paid differently, and “move toward salary transparency” – disclose how much employees earn, in other words.
In addition, employers should “eliminate practices that perpetuate income inequality” and “implement policies that promote work-life balance.”
Some of the aforesaid practices that should be eliminated, IMCO said, are asking potential employees how much they earned in previous jobs; taking people’s marital status, age and whether they have children into account when determining whether to hire them or not; and stating in a job ad that the position is for a man because it has traditionally been done by people of that gender.
Billie Eilish, Blink 182 and The Killers are the headliners at the 2023 edition of the Tecate Pa'l Norte rock music festival in Monterrey. Tickets went on sale Monday.
Corona Capital Music Festival
Mainly featuring rock and alternative music, the Corona Capital 2022 will take place over the weekend of Nov. 18, 19 and 20 at the Hermanos Rodríguez Autodrome in Mexico City with 80 artists taking the stage.
The music festival is set to have one of its largest editions since it debuted in 2010 with more than 85 bands and international artists. Among those on the bill this year are Miley Cyrus, Arctic Monkeys, My Chemical Romance, Run the Jewels, Kim Gordon, Liam Gallagher, Andrew Bird and Paramore.
A shuttle service called Ticket2Ride has been put in place for attendees to have a safe ride home. The routes announced are the following: Hipódromo de las Américas, Mundo E, Interlomas, Galerías Coapa, Santa Fe, Perisur, Condesa, Plaza lindavista and Plaza Universidad.
Emo alt rock band My Chemical Romance will be among 80 acts taking the stage in Mexico City for the Corona Capital music festival, taking place Nov. 18–20. Corona Capital
The 11th edition of the Los Cabos International Film Festival starts today and will run until Nov. 13. The Whale, a film based on the acclaimed play by Samuel D. Hunter and featuring actor Brendan Fraser, will be the opening night movie.
The film festival praises itself as the only event in the American continent promoting dialogue and cultural encounters between the film industries of Mexico, the U.S., and Canada.
The critically acclaimed Brendan Fraser vehicle, “The Whale,” is opening the Los Cabos International Film Festival on Nov. 9 at the Cinemex Puerto Paraíso. Los Cabos Film Festival
The 2022 edition will be the first in-person gathering since the COVID-19 pandemic, bringing together professionals from the North American film community.
León International Balloon Festival
Starting on Nov. 18, the Festival Internacional del Globo (FIG), will run for four days at the Metropolitan Park of León, Guanajuato; a protected natural area with 362 hectares of green space.
The FIG is currently the biggest and most important rally in Latin America and the third most renowned in the world. It will feature 200 hot air balloons and pilots from 16 different countries to be looked at from the ground from 400,000 spectators.
The León International Balloon Festival is the biggest and most important rally of its kind in Latin America. FIG
An anticipated event withing the festival is the Noche Mágica or Magical Night, set to happen every night while the balloons are grounded to earth. Concerts, culinary experiences, and expositions will take place amidst the lighted torches of balloons, creating a magical scenery.
Since its first edition in 1998, the Festival Eurojazz is the largest jazz festival in Latin America dedicated exclusively to European jazz. It is set to take the stage at the National Art Centre (Cenart) in Mexico City, every Saturday and Sunday until Nov. 20.
Ireland’s Louise Phelan Quintet is just one of dozens of acts from Europe who’ll perform as part of Eurojazz 2022, taking place at the National Art Centre in Mexico City.
Groups from Austria, Italy, Romania, Poland, Spain, the Netherlands, Ireland, France, Germany and Mexico, will perform. All concerts will be live streamed on the Cenart website.
To date, a total of 209 groups from 21 of the 27 countries of the European Union (EU) have joined, as well as from neighboring nations such as Norway and Switzerland.
Tecate Pa’l Norte
As it happens every year since 2012, the Tecate Pa’lNorte festival music will take place at the Parque Fundidora in Monterrey, Nuevo León, and will be the first edition to happen over three days: March 31 and April 1 and 2.
The lineup for the 2023 edition was announced on Nov. 3 and features 130 national and international artists among which are included Blink-182, The Killers, Billie Ellish, Café Tacvba, Julieta Venegas, Carla Morrison, Ximena Sariñana and DJ Steve Aoki.
The ticket sale began on Monday and are still available to buy here.
