* International Consultants says that we must use the fuel demand by Japan
Lino Javier Calderón
SC International Consultants (CISC) estimated that before the nuclear disaster Japan, Mexico urges you to rethink its energy policy and put their efforts to build a comprehensive reform of Petroleos Mexicanos (Pemex). The weekly analysis
now with the subject "'Energy, a central issue for Mexico," the consulting firm found that the earthquake and tsunami that struck Japan last March 11 will have significant impacts in both the economy and the global energy paradigm
The estimated cost Japó n is so far from between 3.0 and 5.0 percent of Gross Domestic Product (GDP), but the recovery will have significant effects on the international benchmarks of raw materials over the next five to & # 241; years, while the recovery expected to take this economy
noted that oil prices will one of the most affected, as will be driven by increased demand for oil by the Japanese economy, the third global oil consumer
This is explained CISC, the closure of at least 11 nuclear reactors will increase the demand for carbon-based energy hydrocarbons in Japan, to which are added pressures already generated by the riots in the Arab world
He explained that while Mexico as a producer of hydrocarbons could be encouraged both high oil prices (which translate & # 237; an in higher tax revenues) and by increased foreign demand, there are certain obstacles in order to internalize these benefits
one hand, he said, an increase in oil prices would generate costs, both fiscal (for subsidies to gasoline) and inflation, which should be less than the profits generated by oil surplus
Despite the extra resources in the last decade were 521 billion pesos, they have not been used to strengthen the infrastructure of production exploracióny parastatal, he said
More than a third of these resources serves to finance current expenditures of states and municipalities, which can even be used for electoral purposes in the absence of mechanisms
transparent for spending the other hand, he said, for Mexico to take advantage of the current situation should maintain a positive balance in the energy trade balance, which requires strong capacity to enable it to supply the foreign market without neglecting the internal
However, the current situation shows a significant contraction in oil production, as currently generates only 2.5 million barrels per day, compared to 3.3 million bpd the previous decade
addition, Pemex announced losses of close to 47 billion pesos in 2010, which explains both the decline in productivity resulting from low investment in infrastructure and new technologies as the high tax burden imposed on the parastatal
Given the international situation and the dif & # 237; easy situation in the energy sector is essential to promote measures in two main aspects, the consulting firm raised
From the perspective of Mexico as consumer energy, found it necessary to review calculations productionand demand, which requires the generation of new coal-fired power plants and hydroelectric
And from the perspective of the producer, urgent changes are needed to promote deepwater exploration and private investment (both in renewable energy as Pemex) , in order to increase the productive capacity of
sector is also essential to work in a tax reform that reduces the tax burden on Pemex, said the firm
"The current situation requires a position & # 243; No spectator, in which Mexico hopes to take advantage of external shocks on the contrary, should be seen as an opportunity to take steps to enhance our potential growth, "he said.
PHOTO CAPTION: Urgent take the opportunity to support Japan's recovery, high-energy applicant.
fiscal reform, the main challenge in Mexico: Guillermo Ortiz
Mexico faces important challenges in the future, which included the approval of the tax and labor reform, but economically it is better than other countries, said President of the Board of Grupo Financiero Banorte, Guillermo Ortiz Martinez.
By participating as a keynote speaker at the Third "Mexico Day" on the Stock Exchange of New York (New York Stock Exchange), the manager felt 'very positive' to Fiscal reform under discussion.
scored unpublished reform itself arises from an opposition party since the initiative was introduced by the Institutional Revolutionary Party, which opens an opportunity to be seized.
commented that although financial markets in the world will be affected by international volatility in the medium term, Mexico will positive developments in their external accounts and public finances, especially by high oil prices, aúny when you have a high level of import gasoline.
Guillermo Ortiz said that it is desirable that the major oil export earnings prospects do not extend the structural reforms in taxation and energy.
face financial experts from different countries, the former governor of the Bank of Mexico predicted that the Mexican economy will grow more level during 2011, between 4.0 and 5.0 percent.
"It's important to talk about how well the economy is compared with other countries," he said, referring spec & # 237; cally to the strength of the Mexican government's position on fiscal deficit and government debt as a proportion of Gross Domestic Product (GDP).
During his presentation entitled "Mexico's Economic Outlook ', said the national economic growth will be driven predominantly by manufacturing and services sectors.
In fact, he said, the Mexican consumer is currently showing greater dynamism and confidence, an effect that is strengthened through greater availability of financing in Mexico.
Regarding the performance of consumer prices, Ortiz Martinez said that inflation in Mexico is under control and, therefore, is expected that the overnight rate remains unchanged during the year.
asserted that for the first quarter of 2012 this rate could register an increase of 50 basis points, in direct contrast to the experience in other emerging countries will increase their benchmark rates from this year, as is the case of Chile, India, Brazil and China.
PHOTO CAPTION: Ortiz Martinez said that Europe continues to deal with the debt problems of some of its members. BRIEF
1 .- private consumption grew 1.12% between October and December: INEGI
Private consumption in Mexico increased 1.12 percent between October and December 2010 from the previous quarter, said Tuesday the National Institute of Statistics and Geography (INEGI).
In the annual comparison, private consumption rose 4.6 percent in the fourth quarter, said in a statement.
Aggregate demand rose by 0.5 percent in the fourth quarter versus the third quarter, while it grew 7.2 percent in the annual comparison.
The Mexican economy is in its second year of expansion, after suffering in 2009 its worst recession in 15 YEAR years, but officials have said the recovery in consumption has not yet been completed.
The Mexican Government projecting economic expansion of 4 percent this year, from 5.5 percent in 2010, although the Finance Minister Ernesto Cordero, said this week that the growth of country could surprise on the upside, surpassing last year's rate. 2 .-
set prices for interconnection between Telcel and Alestra telephone
The Federal Telecommunications Commission (Cofetel) reported that it set the interconnection fee & # 243; n between Alestra telephone, owned by Mexico's Grupo Alfa and AT & T, and Telcel, the tycoon Carlos Slim.
Cofetel said in a statement this afternoon the full body unanimously resolved a disagreement between the two telephone regarding the interconnection fee at the completion m & # 243; mean for this year.
The government agency determined that the call termination service in the Telcel wireless LAN will have a rate 0.3912 pesos (about three cents of C lar) per minute for interconnection.
Cofetel explained that this fee will apply for time in real time, without rounding to the next minute. 3 .- Present
Bruno Ferrari show 'My tortilla'
At present the program "My tortilla 'in the state of Puebla and the Federal government which will train and assist & # 225, to tortilla to modernize its plant and machinery with loans of up to 140 thousand dollars, the Minister of Economy, Bruno Ferrari, announced that the country has 85 000 mills and tortilla.
In that regard, he noted that the Federal government programs should focus on creating jobs and not managing poverty, to remember that we are conducting the investigations of those unreasonably increase the price of corn.
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