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News Article

New Daily Record in Deaths and Infections

By Ricardo Guzman | Tue, 05/26/2020 - 21:10

The Ministry of Health reported 501 new deaths from COVID-19 and 3,455 more positive case since yesterday, recording the highest daily increase in both categories so far. Total deaths have now reached 8,134 while accumulated cases are at 74,560.

Deputy Minister of Health Hugo López-Gatell introduced Marcelina Bautista, an activist for domestic workers, who presented a program called Take Care of Who Cares for You, which is a project to empower domestic workers rights, a sector seriously affected by the COVID-19 quarantine since many women were sent home without a salary. Oscar winner filmmaker Alfonso Cuarón will support the campaign endorsed by the UN, Bautista said.

In this regard, IMSS head Zoé Robledo said this is not about charity, but about employer responsibility and domestic workers rights.

 

As of Tuesday, May 26

3,455     new cases (from yesterday)

74,560   confirmed cases nationwide

31,878   under investigation

8,134     deaths

 

Impact on markets (19.30 hrs)

US Dollar              MX$22.24            (-1.69%)

BMV IPC               36,206.86             (1.04%)

Dow Jones          24,995.11             (2.17%)

 

PAHO warns on more cases

An increase in COVID-19 cases is expected in Mexico and Brazil, so this is not the time to relax restrictions in the Americas, PAHO head Carissa Etienne warned. “We do not expect any substantial change in the United States and Canada, but in Mexico an increase in the number of cases is expected,” Etienne explained in a video conference.

 

State traffic lights are denied

The federal government ruled out the possibility of state traffic lights to reactivate activities as suggested by governors, Minister of Interior (Segob) Olga Sánchez Cordero said. She stated that the reactivation traffic light, which starts on June 1, is and should be guided only by federal authorities, because otherwise it would affect coordination. Sánchez Cordero met with governors to address the topic.

 

Peso gains 1.67 percent

The Mexican peso kept on the recovery path against the US dollar after today’s trading. The exchange rate ended at MX$22.24 compared to MX$22.62 recorded yesterday,  Banxico reported. Today the Mexican currency gained 37.7 cents or 1.67 percent.

 

Fitch expects 7.4 percent contraction

Fitch Ratings revised down its GDP estimate for Mexico in 2020 and anticipates a 7.4 percent contraction from the previous 6.7 percent drop forecasted. By 2021, the rating agency expects the Mexican economy to grow 3.2 percent instead of a previously anticipated 2.9 percent advance.

 

Puebla will wait until June’s third week

Starting June’s third week productive activities will be resumed in Puebla, but gradually and depending on the COVID-19 infections rates, Gov. Miguel Barbosa said. The construction sector and automotive assembly lines will have to wait longer, among them Volkswagen and Audi plants.

 

Fiat Chrysler adds Toluca to working centers

Fiat Chrysler Mexican unit began gradually reopening its two plants in Toluca, after reactivating its operations in Saltillo on Monday, said a company spokesman. The announcement comes after the company reopened four assembly plants and four more auto parts in the US.

 

Kia resumes in Nuevo Leon

Two months after Kia Motors Mexico suspended vehicle production at its Pesquería plant, Nuevo Leon, and after meeting all the requirements of the federal government's protocols and guidelines, the Korean automaker announced the partial restart of operations, according to media reports.

 

Investigation on 99 companies

Mexico City Labor Ministry Soledad Aragón said that extraordinary inspections are being carried out on 99 companies. During a virtual briefing, she explained that these companies have complaints from workers for failing to comply with restrictions due to the COVID-19 epidemic.

 

Ricardo Guzman Ricardo Guzman Editor