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Articles in March, 2003 issue of Internet Securities

• Pemex urges construction companies to ally with foreigners.
• SEAT sales skyrocket in Mexico.
• Banregio and Santander Serfin form alliance.
• Experts say fiscal reform "crucial".
• High oil prices a double edged sword for Mexico.
• Domino's Pizza to invest 100mn pesos in 2003.
• GE Capital Bank to increase credit supply.
• German investment society prefers Mexican and Russian bonds.
• Corporate restructures are mostly futile.
• G.Accion finishes construction of building for Sony in Santa Fe.
• Small companies need boost to participate in Pemex contract.
• Hipotecaria Nacional reports real growth in profits for 2002.
• Computer monitor distributor expects to see growth in Mexico.
• Mexico condemned to low growth due to lack of credit.
• Women earn 11% less than men in Mexico.
• America Movil is second biggest cellular telephone company in Brazil.
• Border will remain closed to U.S. truckers.
• Fitch gives Bital good news.
• Ahmsa to present debt restructuring proposal to creditors.
• Elektra projects 12-15% growth this year.
• Fobaproa bonds a risk to banks.
• Corto is no longer effective says BBVA-Bancomer.
• Agriculture groups call for end to pro-Nafta TV campaign.
• U.S. ambassador pressures Mexico for support against Iraq.
• CEESP: Only fiscal reform would change trend in exchange rate.
• June trade surplus with U.S. rises 33% to US$3.17bn.
• Femsa looks to combine operations after buying Panamco.
• Mexico and Japan to meet in fourth negotiation table.
• Mexican oil sales to U.S. grow 25.9% in January.
• If Mexico votes against Iraq attack, U.S. could sell less natural gas.
• Metro and Mexico City authorities to restart dialogue.
• Media representatives warn of interests that want Radio and TV law postponed.
• Economists call on government to make wartime contingency plan.
• Banxico keeps corto at 625mn pesos.
• Wal-Mart to invest US$100mn in two distribution centers.
• Asur to invest US$33mn to modernize airports.
• EU holds secret talks to open up Mexico to foreign investment.
• Investments of US$1.2bn for shopping centers in 2003-2004.
• Banamex: Mexico will grow just 2.3% in 2003.
• Pemex looks to exploit new oil reserves.
• Munoz Leos says Pemex can contribute to world peace, liberty and security.
• Satmex makes financial conditions more flexible.
• Banxico to maintain "corto" as anchor for prices.
• Spanish hotels to invest in Mexico.
• Gas Natural to maintain investments in Mexico.
• ABM promises to continue financial operations throughout war.
• Reopening Nafta not a condition to sign rural accord.
• Border crossings at Juarez-El Peso drop drastically.
• IPAB registers negative balance.
• MexLub to dissolve.
• U.S. Congress to ratify US$260-mn Satmex loan.
• Criteria established for fructose imports.
• 650mn pesos to be distributed to Inverlat shareholders.
• IMEF: If Iraq war lasts 3-5 months Mexico will not grow.
• Avantel employee stock purchase concludes.
• Mining sector expects lower revenue.
• Treasury says structural reforms needed to protect economy.
• Govt. presents actions to tackle unemployment.
• Miscellaneous Guarantees will be passed during current session in Congress.
• Convenience stores growing quickly in Mexico.
• Banxico proposes changes to "corto".
• Vitro to reduce costs.
• High earners make 300 times the salaries of low earners in Mexico.
• Analysts pessimistic about future.
• Secretariat of Economy will fix maximum LP gas prices.
• Bad year for Comercial Mexicana.
• Government manages to reduce external debt by US$4.46 billion.
• Agriculture Can Take No More demands reconsideration of Nafta.
• Depreciation of peso due to war build up and expansive monetary policy.
• Analysts: True fiscal reform or investments will slow.
• Corruption still the same in Mexico says World Bank.
• Grupo Mexico obtains credit to improve debt profile.
• Infonavit says 40,000 companies avoid paying contributions.
• PRD warns of PAN-PRI-PVEM pact to pass labor reform; calls for protests.
• Cemex USA looks to increase revenue.
• DirecTV subscription levels rise.
• Swiss Ambassador: Relations between Mexico and Switzerland could be better.
• Fox: New State policy for agricultural sector being formulated.
• SCT will not help airlines pay for fuel.
• Grupo Saltillo decides succession.

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