Semiconductor
Weekly Roundups
Sony is planning a new semiconductor plant. Meanwhile, GitLab debuted on the stock market and reached a multibillion-dollar valuation.
PEVENTIVE MEASURES COVID-19
Weekly Roundups
As we approach Phase 3 of contagion, more serious protocols and plans are starting to emerge
Juan Pablo Castañon
Roundtable
Juan Pablo
Juan Pablo Castañon
Former President
CCE

It is very important to solve problems related to security and rule of law. The National Anticorruption System needs to start working and we need to have an Anticorruption Prosecutor. This would also allow us to reduce the country cost. Corruption costs us at least 1 percent of the country’s GDP. However, there are studies that put the cost of corruption between 1 and 10 percent of the GDP. As this is a key topic for President López Obrador, we would like to see the rapid functioning of the National Anticorruption System and specific measures from the federal government to address this issue.

The arrival of President López Obrador created uncertainty among investors but also provided new opportunities for industries to evolve
BMV, Reforma, Mexico City
Roundtable
José-Oriol Bosch
José-Oriol Bosch
CEO
BMV Group

Fintech can become a provider of technology to the sector, including to stock exchanges. The important thing is to first have a strong primary legislation, which was already published. I think this will allow fintech companies to grow in an orderly and uniform way, so no incident happens that may smear the name of the rest of the industry. The aim of the fintech regulation is to add value. Fintech sounds very nice but obtaining the financing for it is not so simple, so we have been talking with those companies that want to obtain funding to grow through the BMV. We are having the same conversation with various sectors which do not have access to financing or that find it difficult to find it. One such sector is Sofomes in Mexico. We have an agreement with ASOFOM and we have been able to help many Sofomes, small and large alike, to access funding through the BMV in the capital and debt markets.

The challenge that authorities and the financial ecosystem face is finding an adequate balance that protects consumers and encourages innovation.
Minery
Roundtable
Mitchell Krebs
Mitchell Krebs
President and CEO of Coeur Mining

I personally think that the industry is pretty well-positioned. I would say that in 2011, when metals prices were at their peak, the industry got rather lazy. But then as prices for silver and gold declined over the ensuing years, the industry was forced to address some of those areas where it was a little bloated. Costs were reduced, marginal mines were either shut down or sold and balance sheets were really improved. In 2011, companies were pursuing growth at all costs without financial discipline in terms of capital allocation and ROI. But now I think the industry has a much sharper focus on true profitability and returns to shareholders. I feel the industry now is in a much better position. Silver and gold prices have stabilized and strengthened. US$1,350/oz is a very attractive price for the industry and underpinning this is exchange rate volatility, debt levels, geopolitics and supply set to further decline.

Late 2016 brought a wave of geopolitical uncertainty with a series of shocks, first with the UK’s decision to leave the EU, then the election of…
MBF 2018
News Article
Mexico Business Forum 2018: Cryptocurrencies, the New Player in Investment Market presentation highlights
José-Oriol Bosch
View from the Top
José-Oriol Bosch
CEO
BMVGroup
BMV Group offers services for the operation and post-trading of stocks and derivatives in Mexico.
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