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Articles in September, 2002 issue of Internet Securities

• Easier to change Afores as of Sept. 1.
• Income tax will reverse downward trend in July.
• Starbucks opens up shop in Mexico.
• IPAB to monitor financial situations of banks with new system.
• GAM demands compensation for five sugar plants.
• Pemex invests in equipment to recover 95% of natural gas.
• CFE launches bid to build hydroelectric power station.
• Treasury transforms spending budget.
• Slight drop in tourism revenues between Jan-August.
• SCT announces start of new financial scheme for highway concessions.
• Satmex reaches agreement with catholic channel ESNE.
• ISSSTE obtains additional income.
• Mexico looks to sell 600,000-ton sugar surplus to U.S.
• Electronics industry struggles to regain lost ground.
• Profeco: Consumers prefer Telmex, Panasonic and Sony telephones.
• Concamin: Private sector electricity generation is efficient.
• IPAB recovers 14% of cost of Bancomer rescue.
• Consar assigns almost 290,000 accounts to Afores during 3rd quarter.
• Recovery is sluggish in truck market.
• Wal-Mart de Mexico sales rise 15.2% y/y in August.
• Treasury: Trade deficit reached US$536 million in July.
• Banamex grants bonus to workers to acquire Avantel stock.
• Guatemala threatens to put foot down in shoe issue.
• Industrial activity may have dropped by 1.9-2.3% in July.
• SCT will not intervene in Televisa-MVS dispute.
• BBVA: Lack of competition in telecom sector.
• Integration between Telefonica Moviles Mexico and Pegaso concluded.
• If no pact is sealed with Treasury Banxico will take measures to ensure inflation goals.
• Citibank Leasing switches name.
• Concamin expects 1.8% growth in Mexican industrial sector this year.
• Bernal Maucuzet waiting to move into TV market.
• Arrigunaga named to Banamex legal department.
• Money transfers to increase between 10% and 20% this year.
• IMSA acquires Spanish firm Lightfield for US$10.6mn.
• Coffee exports fall.
• Country risk quietly rises to nearly 400 basis points.
• 40 foreign firms interested in CSMs.
• MVS Comunicaciones launches new Internet access system.
• Increase in wheat prices hits Mexican companies.
• Mexico-Panama free trade talks deadlocked.
• Cuts in electricity subsidies fail to produce expected revenues.
• Flour Chamber reveals 60% jump in product prices.
• Pemex generates more than US$8 billion in oil exports.
• Automobile parts exports are up 1.6%.
• British companies waiting for opening in electricity industry.
• Mexico's 70-year-old labor law could get facelift.
• Banxico tightens monetary policy.
• Dychter: Mexico is not negotiating open-skies agreement with U.S.
• Savings institutions call for two-year delay in Popular Savings Law.
• CMIC supports trilateral agreement in construction sector.
• Merrill Lynch reduces growth estimation for Mexico to 1.5%.
• Cetes reach year-ago levels.
• Domestic tourism industry needs new focus.
• Occidental Hotels & Resorts to invest US$10 million to US$13 million in Mexico.
• Treasury has already drained revenue from Brady buy-backs.
• Hurricane lashes insurance companies.
• Fox says Pemex pay rise is on its way.
• Bancomext increases financing to exporters by 64%.
• Vitro installs glass in New York atrium.
• Pemex strike called off after workers get 7.3% raise.
• Infonavit takes hard line against evaders.
• Carso goes for electricity and telecommunications sectors.
• Puebla auto industry has shed 5,000 jobs so far this year.
• Asian countries compete directly with Mexico.
• Mexico's recovery off to slow start.
• Treasury and Secodam modifying budget decree.
• Federal government to modify IPAB.
• Public deficit totals 26.5 billion pesos in July.
• Condusef: Mexican bank commissions growing ever larger.
• Iusacell faces uncertain future.
• Mexico may not reach 1.8% growth target for 2002, says Ortiz.
• 80% of companies founded by young people fail within 3 years.
• Cofetel will defend Mexico before WTO.
• Fitch gives Mexico two years to make reforms, before axing investment grade.
• Monex recovers to become profitable.
• Procter & Gamble inaugurates seventh industrial plant.
• August inflation rises to 5.29% y/y.
• Private sector wants petrochemical sector opened up for investment.
• Anafarmex presents new franchise model.
• Public prices push up inflation.

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