Mexico sets sights on record year for IPOs Business Mexico 

Mexico sets sights on record year for IPOs

Mexico City, Mexico — Mexico is eyeing a record year for IPOs as the Mexican Stock Exchange continues to list new companies. Already this year, four companies have listed, reports the Mexico Stock Exchange, raising a combined $2.1 billion in IPOs. However, they anticipate that number could increase to 10 new listings before the year is out. Sigma Alimentos, Traxion and Discovery Americas have confirmed their IPOs with Sigma aiming to raise 18.5 billion pesos ($1.03 billion) while Traxion expects around 4.32 billion peso. In October, Banco Mifel is expected to launch its IPO,…

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VW Kombi to make comeback with electric version Business Mexico 

VW Kombi to make comeback with electric version

VW creates a remodeled version of their old Kombi van with a new electric model. The company says the new electric version called I.D. Buzz will be released after the I.D. Compact four-door, which they’re expecting in about five years. Herbert Diess, CEO of the German manufacturer says, “This vehicle joins the past with the future as well as Pebble Beach with Silicon Valley,” noting that the VW has always been part of the California lifestyle. The remodeled Kombi as they’re called in Mexico, or Bulli as it’s known in…

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Second tropical storm heading for Quintana Roo Cancun Mexico 

Second tropical storm heading for Quintana Roo

Cancun, Q.R. — Another tropical storm has its sights set on the coast of Quintana Roo making it the second of the month. Tropical Storm Harvey is expected to make landfall in the region Tuesday, delivering winds and rain. Tropical Storm Harvey is a low pressure system located about 750 miles east-northeast off the Leeward Islands. The storm continues to show signs of organization with shower and thunderstorm activity. According to the National Hurricane Center out of Miami, environmental conditions are forecast to become more favorable for some development early next week while the system moves…

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Non-Plastic bags that dissolve in sea water

An Indonesian man has created a biodegradable bag that is non-toxic, serves as fertilizer and dissolves when in sea water. Indonesian biologist Kevin Kumala and his company Avani Eco, have been designing I Am Not Plastic bags since 2014. The bags are made from cassava that are 100 percent biodegradable and on contact with water dissolve, turning into food and drink. “When I was going to surf or dive, this was no longer a pleasure for me. I found plastic everywhere. I visited in Bali. This became very frustrating for me,” said Kevin Kumala. The bag is made…

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Functional separation of Telmex by the end of 2018 Business Mexico 

América Móvil to create new company by end of 2018

Mexico City, D.F. — América Móvil expects that by the end of this year it will obtain the authorization of the Federal Institute of Telecommunications (Ifetel) to carry out the functional separation of Telmex in order to comply with the new regulation of preponderance, said Daniel Hajj, general director of the company. The functional separation is that América Móvil will have to create a company independent of its fixed telephone lines, Telmex and Telnor, to provide wholesale services related to local access, as well as the sharing of passive infrastructure,…

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Playa del Carmen ranks first as most friendly city Mexico Playa del Carmen Travel 

Expedia travelers rank 13 Mexico destinations as most friendly

Playa del Carmen, Q.R. – Playa del Carmen has been ranked the friendliest city in Latin America by Expedia travelers, according to a blog on the company’s website. Although the popular seaside town known as the heart of Riviera Maya took top spot, two other Riviera Maya towns — Puerto Morelos and Akumal — also made the friendliest in Latin Amreica list along with several other Mexican vacation destinations. All-in-all, the state of Quintana Roo was mentioned as having five of the friendliest cities in Latin American, however in total,…

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Tourist dies after snorkel Cancun Mexico 

Tourist dies after snorkel

Isla, Mujeres — Q.R. — A tourist has died after suffering respiratory complications after snorkeling. The Mexican national, who was 65, was on board a catamaran excursion that had the group snorkeling in the waters off Isla Mujeres. After his snorkel, the man climbed aboard the catamaran saying he felt very tired. Other guests of catamaran Mar y Arena attempted to assist the man who fell unconscious, giving him mouth-to-mouth resuscitation, however the man was pronounced deceased upon arrival to the dock.

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The aftermath of Hurricane Earl, downed power, severe crop damage

Tulum, Q.R. – Communities south of Tulum remain in darkness from the effects of Hurricane Earl. After the passing of the hurricane on Thursday, 12 communities along the Quintana Roo border are still without electricity despite efforts by the Federal Electricity Commission (CFE). The towns were doused of power after Hurricane Earl downed three power poles, causing severe damage to the supply circuits. The high impact of Earl toppled the poles, laying the high voltage cables in cornfields. The downed poles were the casing lines that fed several villages. CFE…

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