FDI: Highest since 2007

by Murry Page

29 May 14

mazmessenger.com

 

The Secretariat of Economy (SE) said México recorded $5.821 million dollars in Foreign Direct Investment (FDI) during the first quarter of 2014. This is 17 percent higher than during the first quarter of 2013. The Secretariat also noted that this is the highest preliminary FDI figure since 2007 and higher than the average of the preliminary results recorded in the first quarter of the past six years by 38 percent.

The SE said that 61 percent of the FDI came from reinvested earnings, 31 percent of new investments, and 8 percent from accounting between companies. A total of 1,671 companies reported foreign direct investments.

By industry, 43 percent of foreign direct investments came in the manufacturing sector, 25 percent in financial services, 11 percent in the construction sector, 10 percent in the media industry, 8 percent in mining, and 3 percent other sectors.

(from El Diario)

Summer Electric Subsidy Changes from 1D to 1F

by Maureen Dietrich

 29 May 14 

mazmessenger.com

The favourable tariff will benefit 500,000 electricity users in Sinaloa.

Yesterday Sinaloa Governor Mario López Valdez, the Federal Commission of Electricity (CFE) and the Secretary of Energy (SE) signed an agreement wherein Sinaloan domestic electricity users who were receiving a 1D or 1E summer electricity subsidy will now fall into the highest 1F subsidy rate retroactive to May 1.

The 1D zone includes the municipalities of Badiraguato, Navolato, Cosalá, Elota, San Ignacio, Mazatlán, Concordia, El Rosario and Escuinapa. Under the 1D category, these municipalities received subsidies up to 600 kwh per month.

The 1E tariff zone includes El Fuerte, Choix, Angostura, Mocorito and the rural municipalities of Ahome, El Fuerte, Choix, Guasave, Sinaloa de Leyva, Salvador Alvarado, Mocorito and Angostura. The subsidy for these communities was 900 kwh per month.

Under the 1F category, the summer electric subsidy will be 2,500 kilowatts per month for all domestic users in Sinaloa from May 1 through October 31.

Director General of the CFE, Enrique Ochoa Reza, stated the 300 million pesos to cover the cost of the highest subsidy was paid by the Secretaría de Hacienda y Crédito Público and will benefit 500,000 electricity users in Sinaloa.

Speaking to reporters at the signing, Ochoa Reza confirmed the subsidy will apply from 0 to 2,500 kilowatts with a tariff of 70 centavos to 1.50 pesos per kilowatt. 

(from Noroeste)