Got 1 min? The last ‘virgin’ island in the Riviera Maya is for sale
Mexico News Daily
by MND Staff
11h ago
If you’ve ever fantasized about owning a private island in Mexico, now is your big chance. Cayo Culebra, the last untouched island of the Riviera Maya, is up for sale at a reported price of US $68 million, or more than 1.1 billion pesos. The 36-hectare island is located in Ascensión Bay, off the coast of the Yucatán Peninsula, and is part of the Sian Ka’an Biosphere Reserve, declared a UNESCO World Heritage Site in 1987.  It is an uninhabited “natural paradise” with abundant birds and plant life, according to  newspaper El Financiero. Mexico has designated Cayo Culebra as a Protected ..read more
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New Puerto Vallarta highway section opens, saving drivers nearly an hour
Mexico News Daily
by MND Staff
12h ago
A shorter drive to the coast. That’s what everyone who lives inland wants, right? And that’s what the people of Aguascalientes, Zacatecas, Guanajuato, Jalisco and surrounding states now have, thanks to the opening of another section of roadway to the Riviera Nayarit Corridor. The newly-opened stretch of highway provides the final link (the blue line) to connect highway 15D in Jala, Nayarit (see the red pin), and highway 200 in Las Varas, Nayarit, which drivers take to Puerto Vallarta. Besides cutting down some of the driving time, using the new stretch reroutes drivers around a dangerous secti ..read more
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Finance Ministry makes forecasts for Mexico’s economy in 2024-25
Mexico News Daily
by MND Staff
12h ago
The Mexican economy will grow between 2.5% and 3.5% in 2024. The peso will trade at 17.8 to the US dollar at the end of the year. Headline inflation will be 3.8% in December. They are among the forecasts in a Finance Ministry (SHCP) document submitted to the federal Congress on Wednesday. Entitled “General Pre-Criteria for Economic Policy 2025,” the document also includes forecasts for next year. Let’s take a look at what’s in store for the Mexican economy, according to the federal government. Economic growth    The SHCP predicts that GDP growth will slow to 2-3% in 2025 from 2.5-3.5 ..read more
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4 dead as Mexico battles a record 120 wildfires in 19 states
Mexico News Daily
by MND Staff
14h ago
Firefighters in Mexico are fighting 120 fires raging across 19 states, burning through areas of land that include 24 Natural Protected Areas (ANP). Mexico’s National Forestry Commission (Conafor) reported Wednesday that 6,195 firefighters, along with 7 helicopter teams, are battling blazes that have ravaged 7,137 hectares.  At least four people have died fighting the fires, according to government sources, including two volunteers. (Conafor) President Andrés Manuel López Obrador told reporters Thursday that four people died this week while fighting the wildfires in México state. They incl ..read more
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Mexico joins global medical device regulatory forum
Mexico News Daily
by MND Staff
18h ago
There was some good news for the growing medical device sector this week with the announcement that Mexico has become an affiliate member of the International Medical Device Regulators Forum (IMDRF). The ministries of Health, Economy and Foreign Affairs announced that Mexico had joined the forum in a joint statement on Monday. Medical device manufacturing is a growing industry in Mexico. (Entrada Group) “Mexico’s participation in the forum will lead to greater regulatory convergence, facilitate international trade in medical devices and reduce technical barriers to their distribution,” the min ..read more
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Mexicana airline faces US $840M lawsuit from Texas company
Mexico News Daily
by MND Staff
18h ago
Just three months after it completed its first flight, the new state-owned commercial Mexicana airline faces a US $840 million lawsuit in the United States. A Texas-based company hired by the Mexican government to provide a range of services to Mexicana de Aviación, including obtaining aircraft, sued the airline on Wednesday, accusing it of various breaches of contract. The state-operated airline launched in December with flights today to 17 cities nationwide. (Cuartoscuro) SAT Aero Holdings, which was also tasked with obtaining insurance for Mexicana, organizing maintenance of aircraft and re ..read more
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Hotel Hopper: Best Hotels in Riviera Nayarit
Mexico News Daily
by Meagan Drillinger
19h ago
The Riviera Nayarit is a veritable treasure trove of spectacular hotels and resorts. This stretch of coastline, which starts just north of the Puerto Vallarta airport, curves around the northern rim of the Bahia de Banderas and continues up the Pacific coastline towards the state of Sinaloa. This 200-mile stretch of coastline is one of the most famous in Mexico for its natural beauty, outdoor activities and health and wellness centers. Getting to the Riviera Nayarit is easy. Visitors fly into the Puerto Vallarta International Airport and make their way north past the strings of fishing village ..read more
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How will chocolate’s skyrocketing global prices affect Mexico?
Mexico News Daily
by MND Staff
20h ago
Satisfying your chocolate craving in Mexico will be more expensive this year. According to an economic analysis by Mexico’s Banco Base, the commodity with the greatest global price growth in 2023 — at 61.3% — was cocoa, and the price keeps increasing. Carlos Hugo Avendaño of the Rosario Izapa farm in Cacahoatán, Chiapas, works on developing cacao varieties more resistant to black pod disease, one of the diseases responsible for widespread cacao shortages in West Africa. (Damien Sánchez Jesus/Cuartoscuro)How much have global cocoa prices increased and why? And it’s only getting worse: the price ..read more
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AMLO confirms 1 Mexican rescued, 2 missing after Baltimore bridge collapse
Mexico News Daily
by MND Staff
2d ago
President Andrés Manuel López Obrador told reporters that three Mexican workers were on the Francis Scott Key Bridge in Baltimore, Maryland, when it collapsed after a cargo ship struck a support column on Tuesday. One of the three was rescued, but two are still missing, he said. President Lopez Obrador declined to share the names of the victims, saying that their families in Mexico were highly sought after by the media. (Presidencia) “The report we have is that there are three Mexicans, one was rescued and came out alive— injured, but safe,” López Obrador said during his Wednesday morning pres ..read more
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French-owned Engie to invest US $2B in gas pipeline in Mexico’s southeast
Mexico News Daily
by MND Staff
2d ago
Energy company Engie México will invest US $2 billion to build a second gas pipeline in southeastern Mexico, according to a senior executive with the French-owned firm. Engie is committed to building a new pipeline parallel to the existing Mayakan pipeline that runs between Chiapas and Yucatán. The second pipeline will be shorter, beginning in Tabasco rather than Chiapas, but running to the same final delivery point in Valladolid, Yucatán. The energy company signed an agreement with CFE earlier this week to “guarantee the transport of natural gas” for the Yucatán peninsula. (Engie Energy) Ana ..read more
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