The combined net worth of Mexico’s billionaires increased $1.6 billion this year, from $142.9 to $144.5 — or 1.12 percent.
Mexican billionaires did better than in 2014, when their combined wealth dropped by 4 percent, but their aggregate wealth is still below the 2013 level of $148.6 billion.
Based on the 2015 Forbes billionaire data, with a net worth of $77.1 billion (equal to 6.1 percent of Mexico’s GDP), Mexican telecom mogul Carlos Slim Helú kept his #2 position in the world’s billionaires rankings for the second consecutive year.
There are 16 Mexicans on this year’s billionaires list, which is composed of the same persons as last year’s, with a single exception. David Peñaloza Alanís replaced his father, construction businessmen David Peñaloza Sandoval, after a transfer of shares from dad to son.
Huff Post – Does Mexico’s Left have a future? As the political scene moves closer to the 2015 mid-term elections, the shocking collapse in popular support for the country’s main left-wing party — the PRD — is looking increasingly less like a temporary blip and more like a structural shift in Mexico’s political landscape.
AP – An effort was planned for Thursday to recover a body found buried in snow and ice high on Mexico’s tallest peak. Climbers found the body Sunday at an elevation of about 17,388 feet on the north face of the Pico de Orizaba volcano.
AP – Mexican police and soldiers on Wednesday captured Omar Trevino Morales, widely considered to be the most important leader of the Zetas drug cartel that once carved a path of brutal bloodshed along the country’s northern border with the U.S.
The man known as “Z-42″ was arrested in a pre-dawn raid in San Pedro Garza Garcia, a wealthy suburb of the northern city of Monterrey.
The Telegraph – President Enrique Peña Nieto came to power in 2012 promised to switch the focus away from military intervention, and instead look at the root socioeconomic causes of the violence.
Yet in the two years since he came to power, Mr Peña Nieto has indeed followed his predecessor’s path, in the sense that his armed forces have killed or captured a series of Mexico’s “most wanted” drugs kingpins.
In 2009 the attorney general published a list of the 37 most wanted drug traffickers, 33 of whom have now been detained or killed.
Business Insider – The leader of Mexico’s most brutal drug cartel was arrested early Wednesday morning, but his capture will likely have only a minor impact on what the US government has called “the most technologically advanced, sophisticated and dangerous cartel operating in Mexico.”
Yahoo News – Mexico President Enrique Pena Nieto told British investors in London on Wednesday that his country was open for business, as he seeks to boost confidence abroad amid concerns over violence and corruption.
Reuters – Mexican supermarket chain Comercial Mexicana said it expects consumer spending to pick up this year, helping the company to increase revenue by about 1.8 percent and sales at stores open at least a year by 2 percent from the year earlier.
Sentido Comun – British alcoholic beverage giant Diageo announced various investments in Mexico, including the acquisition of the remaining interest of Don Julio Tequila, for $400 million over the next five years.
Sentido Comun – General Motors (GM) this year will invest $87 million to expand its stamping plant located within its manufacturing complex in San Luis Potosi. The expansion will increasecapacity in the production of the Aveo and Trax models.
Sentido Comun – Acciona Energy, a major Spanish companies producing sustainable energy, opened a plant for the production of concrete wind towers in General Escobedo, a town near Monterrey, where it has built wind farms Ventika and Ventika II.
Sentido Comun – Grupo Aeromexico said passenger traffic recorded an increase of 8.1 percent in February compared to the same month last year, up from January, but well below the 18.3 percent growth recorded a year ago.
Sentido Comun – Grupo Aeroportuario del Sureste, or Asur, reported 12.6 percent growth in passenger traffic in February, the 47th consecutive increase and the highest for that month for the past seven years.
Mexico’s oil liberalisation is now well under way, with the tender of a second lot of oil assets – nine fields grouped into five blocks – now set to join the 14 already announced. But do the country’s projections for future oil recovery add up?
The government is hoping that private investment in a sector closed for nearly 80 years under the monopoly of state oil company Pemex will succeed in turning around a decade of inexorable decline in Mexico’s oil output. Indeed, it has talked of adding 500,000 barrels per day (bpd) by 2018, when the government’s term is up.
Can it? Low oil prices have already forced the government to admit that it will not be able to offer some of the shale fields that had been among the initial line-up of 169 fields to be tendered this year. As a result, as Miguel Messmacher, income undersecretary, told reporters: “Obviously, lower prices will mean lower income for the Mexican state.” How much lower? No one is clear, yet.