Sentido Comun – Gentera, a financial firm that is a subsidiary of Banco Compartamos, estimates that its loan portfolio will grow between 15 and 17 percent in 2015.
Bloomberg – Mexican popular financial corporations are under new scrutiny by regulators, after the industry’s largest fraud in more than a decade caused losses to 6,000 savers.
Reuters – Mexican construction company ICA said on it has won a public contract to build a 3.99 billion peso ($272.88 million) dam for Mexico’s federal water commission in Sinaloa.
Reuters – Mexico’s telecommunications regulator has fined both Carlos Slim’s fixed-line unit Telmex and satellite TV provider Dish Mexico for failing to disclose fully a tie-up between them.
Bloomberg – America Movil is changing its tactics to dispose of its assets in Mexico, in an effort to reinvigorate the sales process currently stalled, said people with knowledge of the matter.
El Universal – Mexican retailers Soriana, Femsa, Coppel, Chedraui and Liverpool have been listed in the ranking of the 10 largest companies by sales in Latin America’s retail sector.
Sentido Comun – Grupo Hotelero Santa Fe, an operating company of hotels in Mexico, hopes add the operation of three new hotels and make another acquisition this year.
Sentido Comun – Pacific Airport Group, or GAP, a company that manages 12 airports in Central and Pacific Mexico, said passenger traffic at its terminals last month rose 1.2 percent over the same period last year.
Reuters – A consortium including an energy company controlled by billionaire Carlos Slim won a contract to build a 230 km (143 mile) pipeline to supply gas to central, northern and western Mexico.
WSJ – Mexican broadcast and media company Grupo Televisa said it completed the sale of its 50 percent stake in mobile operator Grupo Iusacell and used part of the money to buy regional cable company Cablevision Red.
Informador – A judge in Coahuila has told Altos Hornos de Mexico (AHMSA) and its creditors that suspension of payments has ended and the bankruptcy process has been completed.
Plastics News – Seven factors will affect Mexico’s plastics industry either positively or negatively in 2015, according to a consultant Eduardo de la Tijera Coeto.
Televisa – An arrest order was leveled against Rafael Antonio Olvera Amezcua, principal shareholder of Ficrea in conjunction with an investigation into illegal procedures and organized crime.
Sentido Comun -Grupo Aeroportuario del Sureste, or Asur, with nine air terminals in southeastern Mexico, said the number of passengers visiting its airports increased 11.6 percent in December, the 46th consecutive increase.
Sentido Comun – Corporación Inmobiliaria Vesta, which builds, manages and leases warehouses and distribution centers, plans to seek $230 million from the sale of shares in Mexico and abroad to finance the development of more industrial buildings.
Notimex – The funding provided to commercial banks grew by 2.4 percent in real terms in November 2014 compared with the same period last year, the Bank of Mexico reported.
WSJ – Wal-Mart Stores Inc. is taking on its biggest competition of all in Mexico: the street vendors, traditional markets and small stores that account for over half of grocery sales in the country. Wal-Mart’s solution for Mexico is a mini-grocer format called Bodega Aurrera Express, which the company launched in 2008.
Reuters – Mexican Pepsi bottler Cultiba said it will cooperate with a government investigation into possible monopolistic practices in the production, distribution and sale of sugar in Mexico.