inflation rates on average. Mexico has a GDP of $1.15 trillion (2011) and has seen its benchmark IPC Index (MEXBOL) appreciate by 18% over a year (Chart 1). Manufacturing is an area where Mexico can make huge leaps with its low costs; the country is in fact competing with China in manufacturing. Furthermore, with its large neighbor in the north, Mexico has a potential partner for its exports.
private enterprise (which are sources of innovation and productivity) and gradually decrease state-owned businesses' market share. Latest figures reveal that weakening domestic demand (coupled with falling commodity prices) led to a fall in imports. Also included in the figures is the worst industrial output growth in three years. Risks are being cited that would lead to the lowest full year grow
securities; the goodwill impairment and increment in loan charges.
The ROE of HSBC, that measures the profit generated by a company with the money the shareholders have invested, was also highly affected from 2008 showing decreasing percentages. This situation has several causes, first is the decline in profitability due to the reduction of the mortgage service portfolio, prevailing business con
2. Private management about pension assets(AFP)
AFP is private company established for management ICA and property investments. Subscribers can choose AFP freely and move to other AFP accounts. AFP is fully restricted by SAFP(Superintendency of Pension Administrators).
The main character of AFP is shown as follows.
- AFP is restricted by SAFP
- AFP can only manage pension assets.
Business Traveller
2005 - Korean Air receives 'Outstanding Dispatch Reliability' from Boeing and 'Operational Excellence' from Airbus
2006 - ranked by IATA as world's largest commercial cargo carrier for 2nd consecutive year
2008 - Korean Air achieves the number one world ranking in international freight transport for the 4th consecutive year.
Vision: Be a Respected Leader in the World