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Business Mexico articles from May 2003
A business magazine reporting news and information of particular interest to those doing business in Mexico. Emphasis is placed on topics that affect the U.S./Mexico business community. Feature articles and regular columns cover politics, management, bank
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Business Mexico archives from May 2003
Letter to our readers.
May 1, 2003... Get back to work Yes, that is what the good angel on our shoulders was barking so incessantly following the much-deserved break for Semana Santa, the holy week that doubles as an excuse to hit the beach or the best--or closest--cantina. It can...
Getting wet with mother nature. (Blast from the Past).
May 1, 2003... Kayakers cruise off the Yucatan coast just off Playa del Carmen, back when the stretch of powder-white sand between Cancun and Tulum was still relatively undeveloped.
A trio of Mexican fishermen wrestle a sailfish in Guerrero waters off...
Juarez murders. (Breves).(Ciudad Juarez)
May 1, 2003... WOMEN SPEAK OUT
Outraged at the lack of action by the federal government on almost 90 rape -- murders in Ciudad Juarez, actors and Intellectuals sent a scathing letter to Chihuahua state officials and President Fox, demanding they take...
Fox pushes peace. (Breves).(Vincente Fox)(Brief Article)
May 1, 2003... With the U.S.-led military campaign in Iraq in full swing, President Fox repeatedly made statements in opposition to the war, drawing raves from the overwhelmingly anti-war Mexican populace and raising eyebrows in diplomatic and financial...
Jose Sulaiman: Pugilistic kingpin describes Mexico as the world's boxing factory, marvels at Don King's salesmanship and calls Julio Cesar Chavez'a creation of God'. (15 Minutes With).(Interview)
May 1, 2003... A fixture of the boxing industry for over a quarter of a century, World Boxing Council President Jose Sulaiman has made Mexico City one of the sport's centers, rubbed elbows with virtually all the movers and shakers in the fight game and helped...
Drug lord busted. (New Business).(Arturo Hernandez Gonzalez)(Brief Article)
May 1, 2003... Chalk up another major drug arrest for the Vicente Fox administration. Fox's government, which rode into office on promises of fighting organized crime and corruption, scored another law enforcement victory last month when Arturo Hernandez...
Amigos de Fox open books. (New Business).(group that funded Vincente Fox's 2000 election campaign)(Brief Article)
May 1, 2003... Amid rumors of illegal campaign financing and money laundering, Amigos de Fox, the group that funded the president's 2000 election campaign, announced last month it would open its bank accounts for investigation.
The campaign is accused of...
Army officers sentenced. (New Business).(Ricardo Martinez, Pedro Maya, Javier Quebedo)(Brief Article)
May 1, 2003... As the government and law enforcement officials continue to score stunning arrests against some of the country's top criminal organizations, three army officers in early April were sentenced to 15 years in prison for their connections to drug...
Spring breakers dip. (New Business).(Brief Article)
May 1, 2003... Beer bongs, rowdy amateur drunks and wet t-shirt contests have long been a fixture of the nation's beaches in late March, as U.S. university students head south to soak in some Mexican rays and copious amounts of tequila and beer.
Spring...
Pemex bill surfaces. (New Business).(restructure Petroleos Mexicanos)(Brief Article)
May 1, 2003
Aeromexico. (Company News: Mexico City).(reservations drop in first quarter)(Brief Article)
May 1, 2003
Liverpool. (Company News: Mexico City).(department store chain to open new stores)(Brief Article)
May 1, 2003... Taking advantage of many Mexicans' penchant for paying with plastic, Mexican department store chain Liverpool will open seven new stores this year. The company hopes its US$150 million investment will spur a 15-18% increase in sales. Despite a...
Hyperion. (Company News: Mexico City).(Hyperion Software to expand into Mexico)(Brief Article)
May 1, 2003... California-based software maker Hyperion plans to expand its Latin American operations to Mexico. Hyperion's US$3 million investment will bring its performance management software tool to some of Mexico's top companies, including cement...
Western Coppers Limited. (Company News: Mexico City).(changes name to Western Silver Corp.)(Brief Article)
May 1, 2003
Mitsubishi Heavy Industrie. (Company News: Mexico City).(may build polyethylene plant in Veracruz)(Brief Article)
May 1, 2003... Mitsubishi Heavy Industries wants to build a 300,000-ton-capacity polyethylene plant in Coatzacoalcos, Veracruz. The Japanese firm must first get a nod from Petroquimica Morelos, an affiliate of state-owned Petroleos Mexicanos (Pemex).The...
BallyTotal Fitness. (Company News: Around the Country).(to enter Mexican market via franchise, Concorsio Spectrum)(Brief Article)
May 1, 2003... U.S. fitness chain BallyTotal Fitness plans to leap into the Mexican market with a franchise in the Monterrey area this fall. For its part, Bally's Mexican partner, Concorsio Spectrum, wants to invest more than US$15 million :o open 10 new...
Siemens. (Company News: Around the Country).(gets contract from Electricity Commission)(Brief Article)
May 1, 2003... German corporation Siemens won a contract from the state-owned Federal Electricity Commission (CFE) to construct two power plants. The company will build a 263-Megawatt-capacity plant with two gas turbine units in San Lorenzo, Puebla. In...
Intermex. (Company News: Around the Country).(adds complex to industrial parkin Jalisco)
May 1, 2003... Development and construction firm Intermex is adding a 7,500 squaremeter complex to its industrial park in Tlaquepaque, Jalisco. Intermex has so far invested about US$1.5 million in the extension, which will include a manufacturing area and...
Lee Spring. (Company News: Around the Country).(opens Mexican factory)(Brief Article)
May 1, 2003... Manufacturer Lee Spring announced the opening of its first Mexican factory in Monterrey. The US$25-million firm, which makes springs for computer keyboards, CD drives and 20,000 other uses, also runs five factories in the United States and one...
Grupo Aeroportuario del Pacifico. (Company News: Around the Country).(spent 770 million pesos on airport improvements)(Brief Article)
May 1, 2003... Grupo Aeroportuario del Pacifico (GAP), which manages 12 airports in nine Mexican states, announced it has spent 770 million pesos--twice the amount it had projected--on airport improvement projects, including an upgrade of the Tijuana airport....
Green on the border. (Legal Ease).(Mexico, United States sign cooperation plan for public health, environment along border)(Brief Article)
May 1, 2003... Mexico and the United States finalized a 10-year cooperative plan to protect public health and the environment in the 2,000-mile border region, where almost 12 million citizens of both countries live. The new program, Border 2012, will focus on...
Climate change. (Legal Ease).(Mexico, United States aims to addres climate change)(Brief Article)
May 1, 2003
Waking up from war rally: attention turns to home after strong move on Iraq sends Wall Street soaring. (Market Moves).(Column)
May 1, 2003... It's been a long month since my last column, and one that will surely find its niche in history. As I write, the Iraqi ambassador to the United Nations is effectively surrendering his country to the U.S.-led coalition, and Saddam Hussein's...
Wi-Fi opportunities: rural Mexico has looks of prime market. (Tech Talk).
May 1, 2003... If you don't know what Wi-Fi is yet, a few marketing folks plan to fix that.
Computer chip manufacturer Intel recently launched a US$300 million advertising campaign to introduce its new Centrino wireless-enabled laptop chips. Much of its...
Gauging productivity: the labor-per-hour equation often fails to hold true. (Management).
May 1, 2003... The term "productivity" is used universally to define how efficiently an economy as a whole, or a business in particular, is producing products and services. Strictly speaking, productivity is the wealth created by each labor-hour. In...
Not all waves are tasty: pollution report on popular beaches has some destinations washing themselves. (Special Report).
May 1, 2003... Taxi driver Anthony de la Cruz stopped swimming in Acapulco Bay 10 years ago, after he developed a skin fungus and had symptoms of an eye infection. Members of his family and friends reported similar maladies.
"The first time it happened it...
The liberation of Iraq.
May 1, 2003
Caller I.D.: security experts share basic methods of gathering intelligence from a bomb threat. (Spotlight).(threats to Americans abroad)
May 1, 2003... With anti-American sentiment running particularly high at the moment, security officials working in Mexico for U.S. companies are faced with a widening spectrum of possible attacks on their installations.
While frightening new threats such...
Threat of Bioterrorism: exporters face hassles as U.S. congress targets food safety.(manmade disasters in North America)
May 1, 2003... With news of war in Iraq and fears of terrorism at home flooding airwaves and dominating coffee shop chat, security officials face the daunting task of identifying a myriad of potential manmade disasters that could hit North America.
...
Where have all the edecanes gone? Acapulco tones down its annual booze-laced Tianguis fair to talk turkey on tourism. (Conference Roundup).(annual tourism fair Acapulco)
May 1, 2003... ACAPULCO--Once known principally for its dazzling array of edecanes (hostesses) and mind-numbing cocktail hours, "Tianguis," the world-famous tourism fair held annually in Acapulco, has sharpened its image and, the industry hopes, its claws....
Too much surfing, not enough work: why time-wasting on the Internet has some bosses concerned.(email: wasted time costs for companies )
May 1, 2003... A manager glances across the office and sees his team members glued to their PCs. "That computer network was worth every penny. Never seen them work so hard," he probably thinks to himself. But the boss is blissfully unaware that only half the...
Finance secretary sticks to plan: Gil Diaz insists on 3% growth, fiscal discipline. (Spotlight).(Mexico faces current international instability)
May 1, 2003... Mexico is in a strong position to withstand current international instability, maintain fiscal discipline and fight to keep inflation in check. This was the message Finance Secretary Francisco Gil Diaz gave to a packed conference room during a...
Leather and pine: Villa del Carbon, a breath of fresh air on the outskirts of the capital.(Mexico City's rural surroundings)
May 1, 2003... One doesn't have to strain too hard to come up with reasons for escaping Mexico City. Each day there's the brake-stamping mania of rush-hour traffic and the notorious smog that settles into your lungs like some lingering illness. Sometimes it...
English a la Mexicana: how Hidalgo became the birthplace of Mexican soccer a home to cornish pastes. (Living in Mexico).(Real de Monte village's history)
May 1, 2003... Buried high in the arid mountains in the state of Hidalgo are the decaying bones of 600 Englishmen. Their tombs lie in a British-only graveyard, decorated with old English poems and proverbs, and point straight toward the Atlantic Ocean and the...
Keeping healthy while under stress: Presidential doctor helps executives survive their jobs.(health care talk)
May 1, 2003... Many business executives are spending an increasing--and sometimes dangerous--amount of overtime in the workplace. Too much work on budget proposals, preparing for meetings, or responding to overwhelming amounts of email could be bringing your...
'Sin Maiz, No Hay Pais'. (Art Watch).(history of corn)
May 1, 2003... From the tortilterias that dot the nation's streets to the great murals of the 20th century, corn has formed an unmistakable part of Mexico's nutritional and artistic diet.
Long before the time of Hernan Cortez, indigenous people used the...
Denzel and his Diet Coke. (What's Going on).(Denzel Washington visits Mexico)
May 1, 2003... In a country that goes all aflutter with the arrival of celebrities on the cusp of superstardom (Shakira) or on the waning end of recognition (Air Supply), the presence of Hollywood icon Denzel Washington certainly qualifies as an event....
China Grill. (Inside Eating out).(reputation as fine, fancy restaurant )(Restaurant Review)
May 1, 2003... Star light, star bright, which one will I see tonight? While not a question I usually ask myself when dining out, China Grill, with its star-studded clientele, attentive service and savory food, proved it's not just any Chinese restaurant. But...
Restaurant Guide.(Mexico City's top restaurants)(Restaurant Review)
May 1, 2003... BUSINESS MEXICO brings you an ongoing list of some of Mexico City's top restaurants, rated by cost, service, decor and cuisine. A new restaurant is rotated into the list every month, and we welcome your comments, recommendations and criticisms...