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Articles in June, 2004 issue of Internet Securities

• Private investment boosts employment in construction.
• Tobacco firms contribute 4bn pesos to health system.
• Yucatan to produce 16,500 tons of vegetables for US market.
• Mexico and US agree to abide by WTO telecommunications ruling.
• Passenger flow in ASA airports rises 8.2% in Q1.
• Gil Diaz: Economy will grow 4% this year.
• Moody's gives positive rating to FEMSA stock certificates.
• Small firms generating 70% of new jobs.
• Advertising industry yet to feel recovery.
• Surplus oil income threatening growth.
• Amece: Electronic invoices within 5-7 years.
• Funtec: Alarming number of Mexican companies closing.
• Fox says Mexico must open energy to private investment.
• Pension liabilities equivalent to 116% of GDP.
• States demand prompt delivery of surplus oil income.
• Mitel to open plant in Guadalajara or Tijuana.
• Cofetel to regulate long-distance Internet telephone traffic.
• Tourist sector projects record figures for 2004.
• New conflict over meats with US.
• Canacintra: Modernizing systems is main challenge for Mexican industry.
• Fonatur: Canadian businessmen interested in Mexico.
• ECLAC: External stimuli keeping domestic economy moving.
• Insurance companies pay out 66bn pesos in 2003.
• Fishing sector affected by products imported from US and Canada.
• Saturation in market for office space.
• Canales urged to lower tax on steel imports.
• BBVA Bancomer: Industrial activity to continue climbing in 2004.
• State to oversee operations in textile, apparel and sweetener sectors.
• IMSA expects operating profits to reach US$150mn in Q2.
• Govt to auction off nine highway projects this year.
• Canapat calls for revision of unfair airfares.
• Cuernavaca airport to soon be underway.
• Fruit producers ask for regulation of import norms.
• Money remittances showing vigorous growth in 2004.
• Peru interested in strengthening commercial ties with Mexico.
• Mortgage loans increase y/y 4.2% in January-April.
• Canacero: Steel costs having minimal effect on housing prices.
• US and Mexico join efforts to strengthen agro-food sector.
• Dairy sector is recovering, say exporters.
• Great progress between US and Mexico on sugar-fructose dispute.
• Interest rates reflecting unsafe environment.
• Oil reserves drop 42% due to accelerated extraction.
• Barraza Gonzalez to back tax reform as head of CCE.
• Profit sharing benefits only handful of population.
• Environmental Secretariat asks for cleaner fuels.
• Private sector backing march against crime.
• Telmex completes purchase of Brazilian firm Embratel.
• Casinos to generate US$3bn in three years.
• Norsk Hydro to build new plant in Reynosa.
• "Economic expansion depends on competitivity".
• Competition must be maintained in telecommunications sector.
• PRI senators want CSM declared void.
• Housing industry on solid ground.
• Agreement with Japan to benefit SMEs.
• Cut in steel import tariffs would boost GIS.
• Mexico's global market share takes off.
• Derbez: Time to give NAFTA a new angle.
• Credit unions' portfolio at 9.79bn pesos.
• Only 8 states have requested shares of surplus oil income.
• SCT supports Satmex "within reason".
• Infonavit housing to be insured against flaws.
• Private sector calls for stronger state of law and lower crime.
• Energy Secretary Calderon announces resignation.
• CFE can cover rising electricity demand easily.
• Mexico modifies telecommunication rules.
• Gil Diaz: New tax plan not designed to terrorize taxpayers.
• Alliance between Mexico and Chile to export avocado.
• Home Depot seals purchase of Home Mart.
• Legislators: "It was a mistake to choose Elizondo Barragan".
• Telmex obtains 78% of Chilesat ADSs.
• Gas prices begin to reflect high cost of oil.
• CFE to assume Pemex natural gas contracts.
• IMCO: Mexican labor market lacks flexibility.
• Manufacturing production up in February-March.
• IPC up 3.09%; biggest increase since 2001.
• Sener: Care for environment, central to energy development.
• US$42 million to be invested in new Riviera Maya tourist project.
• Truckers' access to US roads will lower transport costs by 50%.
• Old tires could be used as fuel for cement plants.
• Mexico's sale of debt loses ground to Brazil.

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