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Articles in April, 2003 issue of Internet Securities

• Deputies call for third runway at Mexico City airport.
• Cemex profits drop sharply during Q1.
• Nextel calls for abolition of IEPS and liberation of broadcast spectrum.
• Santander-Serfin: Banxico should continue to be cautious.
• TMM sells shares to refinance debt.
• Economist calls electricity price cuts unfeasible.
• Reforms will affect self-financing companies.
• Improved growth expected in second half of year.
• Mexico looks to increase car exports to Japan.
• Conafovi: mortgage credit to double in 2003.
• Pay-TV files 420 lawsuits against IEPS.
• Exchange commission to auction US$30 million daily.
• Pemex focuses on corruption in diesel sales.
• Telmex to present quarterly financial statement today.
• Gambling law carries risks.
• Former official says revising Nafta is bad idea.
• Reserves reach new record - US$52.49 billion.
• PRI and PVEM break up electrical reform discussion.
• Madrazo asks Fox to open safeguard discussion for Nafta.
• Production of oil products increases in Q1.
• Automobile production drops 9.3% in first quarter.
• Senate approve Miscellaneous Guarantees Resolution.
• Coparmex predicts Mexico will grow between 2.5% and 2.7% this year.
• Cemex reports new strategies for 2003.
• Legislators boost agreement with EU.
• Treasury predicts low growth for this year.
• Treasury and CNBV to reform auxiliary credit institutions.
• Pfizer estimates sales for US$500mn in Mexico.
• Unemployment in manufacturing sector up 3%.
• State governors impatient to get hands on oil surplus money.
• AMHM: war to affect tourism.
• Government needs to support banks to provide financing.
• SCT to call for bids on 15 projects for 1,035 km of highways.
• Mexico must boost domestic economy to achieve greater competition.
• Telefonica to invest US$600 million in Mexico.
• No alarm bells for Mexican exports say Bancomext representatives.
• Pharmaceutical companies say medical access bill will reduce investments.
• High oil income covers lapse in tax collection.
• Banking sector has strengthened in last 4 years.
• High interest rates increase public debt by 12.94bn pesos.
• Fairmont Hotels breaks ground in residential complex construction.
• Fonatur and Canadian group agree to develop Loreto beach.
• ICA mired in confusion with Treasury.
• ABM stiffens regulations to prevent money laundering.
• Cement industry regroups to face crisis.
• Cellular rates will not be revised.
• Peso expected to rise on back of dollar.
• Low GDP to affect future tax revenues.
• PAN seeks to pass labor and energy reforms.
• Firms spend 50% more on lobbying in first 18 months under Fox.
• Protective measures against tax laws.
• CEESP drops economic growth estimate to 2.1%.
• Without fiscal reform, govt. will continue absorbing savings.
• Gil shows optimism in economy's growth.
• Gas Natural to invest US$800 in Mexico.
• Mexico registers record trade surplus with U.S. in February.
• Iusacell maintains runner-up standing in cellular market.
• Afore Azteca enters the market with lower commissions.
• Banamex and Coparmex predict 2.3% annual growth.
• Grupo Femsa to open 400 Oxxo stores around country.
• States to receive additional 7bn pesos this year.
• Mexico will grow 0.9% if U.S. recovery is delayed.
• CMIC says highway investments are needed.
• Mexico reaches 56th place in Index of Economic Freedom.
• FIDE says 33.53bn pesos in 2002 saved thanks to energy saving plan.
• Still no turnaround in employment.
• T1MSN becomes leading web portal in Mexico.
• Low-use cellular consumer not to pay IEPS.
• Capufe seeks to become more profitable and improve image.
• Tuna embargo has cost Mexico US$5 billion.
• Senate to reactivate credits.
• Repsol to bid for Pemex contracts.
• Pedro Cerisola to propose third runway for Mexico City airport.
• CNIAA asks to fulfill agreement to access to U.S. market.
• Visa expects income to rise 12% in Mexico this year.
• Pemex produces 3.3 million barrels of crude oil per day in Q1.
• Coca-Cola de Mexico accounts for 46% of Latin America sales.
• Mexico, top Coca-Cola consumer in world.
• Peso strengthens as dollar auctions announced by Banxico.
• Helados Holanda to strengthen presence in Mexican market.

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