The news did not come as a surprise, since the arrival of the new government was confirmed a few weeks ago in the labor and employers’ sectors, as well as in the financial sector. Octavio Romero Oropeza as the next director of the largest housing organization in Latin America, the National Workers’ Housing Fund Institute (Infonavit).
But with this, the great doubts have also arisen that this change will mean, with the entry of an oilman to direct in just over 15 days, the largest housing fund created by employers and workers, and most importantly, to implement the president’s plan. Claudia Sheinbaum.
The first challenge will be precisely that, how the plan to have one million new homes by the end of this six-year term will be implemented, where Infonavit would once again return to its beginnings, to be the builder of the same. That part no longer exists since 1992 when the reform was made so that Infonavit would stop the task of building, a reform that was promoted by the late Luis Donaldo Colosio.
Now, if that aspect is resumed, the builders of social interest housing are on alert as to what will happen to their businesses, and it will be seen if Romero Oropeza can weave together the political interests of the housing developers, the workers’ sector, and the unions, which prior to the 1992 reform were the ones who built the housing units, and therefore were more than involved in the issue.
Another issue that financiers are following is that Infonavit has a lot of liquidity or, some would say, excess liquidity, since by not being able to put into mortgage loans all the money it receives in worker-employer contributions, it has built up a more than important fund of more than 700 billion pesos. The administration of this resource from the millions of workers who contribute is a point to follow. Some expect that perhaps it will choose to use the resource to build housing with some financial model or special issues, we will see, everything will also depend on the financial team that is formed.
In its more than five decades of operation, the institute has granted more than 12 million loans in some form, where the tripartite structure has allowed it to maintain surveillance over the performance of what comes in, but without a doubt the challenges of providing housing to workers, given the rising costs in many areas of the country, is something that seems difficult to accomplish. In short, the change from managing an oil company to a housing fund is just beginning.
The professional Bimbo team
It is one of the Mexican companies that has crossed borders with its products, and an example in many ways for the growth it has had, all of this has resulted in Grupo Bimbo being ranked in the ranking “The World’s Best Companies 2024,” from the magazine TIME and Statista.
The leading global bakery, whose CEO is Daniel Servitjemanaged to remain on this international list for two consecutive years and this was achieved because its more than 152 thousand collaborators consider the good environment and benefits of the company, since it has a work environment that promotes the development of its maximum human potential. This is in line with the commitment to sustainability and the continuous growth of the company with a presence in 35 countries, where it operates 227 plants and more than 1,500 sales centers.
Crossing borders and having a presence in markets of all kinds has not been an excuse to set aside personnel policies, which are the centre of everything and the key to achieving exceptional performance, something that the Servitje family has always promoted on different fronts. The recognition is well deserved.
Remittances with Finabien
Remittances sent by compatriots abroad are one of the country’s main sources of income, where much work has been done to ensure that migrants have more options to send and receive their money under the best conditions, which has been recognized by the president. Claudia Sheinbaum by ratifying in office Rocio Mejiawho will remain as general director of Financial Institution for Well-Being (Finabien).
Finabien, in recent years, has worked with both its peers in the government, such as the Ministry of Foreign Affairs (SRE), to promote the credit card. Remittances Countryman, For example, it allows families in Mexico to not have to wait for their money, but to have it in their hands on the same day, in addition to being able to make purchases. Of course, it has also worked with the private sector with Broxel, of Gustavo Gutierrez –which by the way, is celebrating 13 years of operation–, as Mastercardwhich in Mexico carries Mauricio Schwartzmannwith whom you have the card Financial Wellbeing This gives advantages to both the compatriot living in the United States and to the family in Mexico and has managed to become the preferred choice of families. One thing you should know is that it has reduced the cost of the remittance by 82 percent in real terms.
Cabify says goodbye
Apps for ordering a car service have been advancing in some cities, although in others we have already seen the disputes that arise. Uber and Didi have managed to stay in the Mexican market, but not Cabify, which will stop operating in our country in exactly one month.
Cabify, which was founded by Juan Antonio Rubiois leaving on October 11, thus leaving the path open to the alliances it had with payment processing brands that provided the service as a plus on certain cards. The model here simply did not work and they did not achieve the expected profitability.
For now, the coin is up in the air.
2024-09-12 07:13:30