Tuesday, November 8, 2011
Monday, October 31, 2011
Baja California hosts Emerging Baby Boomers conference in Rosarito
Baja California and AMAR Retirement Communities Association present educational seminar for development experts
The city of Rosarito in Baja California, Mexico, welcomes the Emerging Baby Boomers Conference on Nov. 16-17, 2011, hosted by Baja California and AMAR, the Retirement Communities Association in Mexico. The two-day conference takes place at the Rosarito Beach Hotel and will address the nature of the baby boomer market. The conference will also highlight how businesses and investors can reach this market and continue developing the senior living and care industry within the Baja California and Sea of Cortes regions
Baja California provides economic stability, socio-cultural comfort and geographic appeal, fitting the retirement needs of those ages fifty and older. There are more than 100,000 retirees and expats living full- or part-time in the Sea of Cortes and Baja Peninsula areas, with approximately 35 percent of these retirees requiring some form of assisted living care. The Emerging Baby Boomers Conference will not only highlight everything Baja offers for retirees, but will also provide investors and developers with immediate and long-term business opportunities to help their business thrive in a growing market.
"Our location is unparalleled with any other region in Mexico and considered the next big retirement and expat destination in the country," said Javier Govi, Founder & President of AMAR. "In fact, this region alone has the largest retirement population in Latin America. By 2020, the total number of retirees and expats is expected to increase to 250,000."
Guest speakers include Jeff Stevens, director of planning at Danielian Associates; David Truly, president of IRM Research; Chad Martin, principal of Global Research; and Rick Jensen, president and chief executive officer of Northstar Senior Living.
www.bajainvestment.com
The city of Rosarito in Baja California, Mexico, welcomes the Emerging Baby Boomers Conference on Nov. 16-17, 2011, hosted by Baja California and AMAR, the Retirement Communities Association in Mexico. The two-day conference takes place at the Rosarito Beach Hotel and will address the nature of the baby boomer market. The conference will also highlight how businesses and investors can reach this market and continue developing the senior living and care industry within the Baja California and Sea of Cortes regions
Baja California provides economic stability, socio-cultural comfort and geographic appeal, fitting the retirement needs of those ages fifty and older. There are more than 100,000 retirees and expats living full- or part-time in the Sea of Cortes and Baja Peninsula areas, with approximately 35 percent of these retirees requiring some form of assisted living care. The Emerging Baby Boomers Conference will not only highlight everything Baja offers for retirees, but will also provide investors and developers with immediate and long-term business opportunities to help their business thrive in a growing market.
"Our location is unparalleled with any other region in Mexico and considered the next big retirement and expat destination in the country," said Javier Govi, Founder & President of AMAR. "In fact, this region alone has the largest retirement population in Latin America. By 2020, the total number of retirees and expats is expected to increase to 250,000."
Guest speakers include Jeff Stevens, director of planning at Danielian Associates; David Truly, president of IRM Research; Chad Martin, principal of Global Research; and Rick Jensen, president and chief executive officer of Northstar Senior Living.
www.bajainvestment.com
FRIEDMAN: Busy Mexican fishing trip is planned - The Daily Breeze
Philip Friedman Outdoors is headed to Rosarito Beach Nov.25-27 for fishing, golf, shopping and great Baja cuisine. A bus will be waiting on the U.S. side of the border to take the group to the Rosarito Beach Hotel and back so that no one will have to drive in Mexico or pay for Mexican Insurance.
A fishing trip is planned out of Ensenada, as well as side trips to the La Bufadora blowhole, Ensenada, and the Baja Wine Country. Also along on the trip will be Dr. Dave Patel from Long Beach Memorial Hospital. He will be putting on a free medical clinic for the poor in Rosarito Beach. PFO is also taking an X-ray machine to a poor clinic in Baja so that more people might be cared for.
If you would like to join in on this great weekend, you can get more information by calling 424-237-0250 or by e-mailing PhilipFriedmanOutdoors@gmail.com. Cost for two people and two nights at the Rosarito Beach Hotel is $199.
Squid show: More and more market squid keep showing up in the Santa Monica Bay. If you see lights glowing off Hermosa Beach or El Segundo, you are seeing the squid boats as they attempt to lure the mollusks to the surface. The squid are being used as bait for a variety of fish. Boats from Redondo and Marina del Rey continue to catch good amounts of lingcod, vermillion rockfish and other rockfish. There also have been occasional catches of sand and calico bass, a few white seabass and even a yellowtail or two!
bajainvestment.com
A fishing trip is planned out of Ensenada, as well as side trips to the La Bufadora blowhole, Ensenada, and the Baja Wine Country. Also along on the trip will be Dr. Dave Patel from Long Beach Memorial Hospital. He will be putting on a free medical clinic for the poor in Rosarito Beach. PFO is also taking an X-ray machine to a poor clinic in Baja so that more people might be cared for.
If you would like to join in on this great weekend, you can get more information by calling 424-237-0250 or by e-mailing PhilipFriedmanOutdoors@gmail.com. Cost for two people and two nights at the Rosarito Beach Hotel is $199.
Squid show: More and more market squid keep showing up in the Santa Monica Bay. If you see lights glowing off Hermosa Beach or El Segundo, you are seeing the squid boats as they attempt to lure the mollusks to the surface. The squid are being used as bait for a variety of fish. Boats from Redondo and Marina del Rey continue to catch good amounts of lingcod, vermillion rockfish and other rockfish. There also have been occasional catches of sand and calico bass, a few white seabass and even a yellowtail or two!
bajainvestment.com
Wednesday, August 10, 2011
Tuesday, June 21, 2011
Baja Mexico Real Estate Becoming Popular
By Taylor White
Baja Mexico property has become a popular option as many people purchase second homes or utilize this region as a destination for tourism. However property investing here is affordable and plentiful.
Baja Mexico property is growing in value and continues to be one of the best locations to buy in Mexico. For those who visited the region in the past, and who are returning to call it home, real estate in Baja is still relatively affordable and readily available, though the continued increase in population here has led to numerous reductions in available inventory. Options in property here range from highly affordable to luxurious and expensive. In some areas, the property is the most expensive in the country.
Baja, more formally known as Baja California, is one of 31 states in the country of Mexico. It is on the northernmost and westernmost area of Mexico, on the Baja Peninsula. With a population of 3.1 million people, the region is large and growing. It sits right on the Pacific Ocean, near to the United States, making it an easy destination to get to for Americans. About 75 percent of the state's population lives in the capitol city of Mexicali, or in Ensenada or Tijuana. Each of these areas as well as San Felipe, Playas de Rosarito and Tecate are important to the property market here.
The most valuable of all property is on the coastline. Many people who buy here do so to take advantage of the warm, peaceful Pacific Ocean. Baja real estate for sale in this area offers a wide number of property options, but most are single family homes, townhomes or apartments, with apartments being the most common option for those who are buying from overseas. In addition to this, just outside the larger cities, and in areas such as San Felipe and Tecate, larger homesteads are available. Some of these pose the most value potential depending on their location.
That looking for Baja rentals will find apartments the most commonly available property here, however renting a home, is also possible. Baja Mexico property listings provide a range of options in price ranges, with the most basic facilities being the least expensive. The more remote the location is, the lower the price. However, Baja property for sale continues to build and grow, with some areas seeing a price per square foot of as high as US $2000 in areas where it cost $20 a square foot just 20 years ago. Those buying Baja property are likely to see their investment grow over time, though there is no telling when prices will even out.
www.bajainvestment.com
Baja Mexico property has become a popular option as many people purchase second homes or utilize this region as a destination for tourism. However property investing here is affordable and plentiful.
Baja Mexico property is growing in value and continues to be one of the best locations to buy in Mexico. For those who visited the region in the past, and who are returning to call it home, real estate in Baja is still relatively affordable and readily available, though the continued increase in population here has led to numerous reductions in available inventory. Options in property here range from highly affordable to luxurious and expensive. In some areas, the property is the most expensive in the country.
Baja, more formally known as Baja California, is one of 31 states in the country of Mexico. It is on the northernmost and westernmost area of Mexico, on the Baja Peninsula. With a population of 3.1 million people, the region is large and growing. It sits right on the Pacific Ocean, near to the United States, making it an easy destination to get to for Americans. About 75 percent of the state's population lives in the capitol city of Mexicali, or in Ensenada or Tijuana. Each of these areas as well as San Felipe, Playas de Rosarito and Tecate are important to the property market here.
The most valuable of all property is on the coastline. Many people who buy here do so to take advantage of the warm, peaceful Pacific Ocean. Baja real estate for sale in this area offers a wide number of property options, but most are single family homes, townhomes or apartments, with apartments being the most common option for those who are buying from overseas. In addition to this, just outside the larger cities, and in areas such as San Felipe and Tecate, larger homesteads are available. Some of these pose the most value potential depending on their location.
That looking for Baja rentals will find apartments the most commonly available property here, however renting a home, is also possible. Baja Mexico property listings provide a range of options in price ranges, with the most basic facilities being the least expensive. The more remote the location is, the lower the price. However, Baja property for sale continues to build and grow, with some areas seeing a price per square foot of as high as US $2000 in areas where it cost $20 a square foot just 20 years ago. Those buying Baja property are likely to see their investment grow over time, though there is no telling when prices will even out.
www.bajainvestment.com
Monday, June 20, 2011
Expatriates Express Confidence in Baja California
By Ron Raposa
About 70 community leaders in Baja California’s expatriate community recently attended the first summit of the "Baja Image Committee." It was organized for foreign residents who want to promote a positive and accurate portrait of the region.
The two-day summit, entitled “Building Baja’s Tomorrows Today,” was held June 8th and 9th at the Rosarito Beach Hotel, Mexico, which provided free lodging and meals for those attending.
The event was a response to requests from many of the thousands of expats who live in the region. Many have expressed a desire to do more to help convey an accurate picture of life in Baja California, especially to people living in the United States.
The summit featured testimonials from many of those residents, including some who said reports of scattered drug-related violence in recent years had made some friends and relatives reluctant to visit.
Those concerns are considered a large factor in the decline in tourism and visitors over the past several years, although a strong rebound was noted this past Easter and Memorial Day weekend, the traditional beginning of the summer season.
The summit included a panel discussion, as well as presentations on methods of gathering and distributing accurate and positive information, plus using social networks.
Hugo Torres, head of the Baja Image Committee and a former Rosarito mayor, said that “always telling the truth” is critical for such efforts to succeed. It is essential that government officials work hard to correct any problems that do exist, he added.
Baja California State Tourism Secretary Juan Tintos and Arturo Martinez, director of visitor assistance, told of government efforts to make visitors more comfortable and welcome, including the 078 assistance number which is in operation 24 hours day seven days a week.
Steven Kashkett, U.S. Consul General for Baja California, also attended to give an off-the-record briefing.
Rosarito resident Ken Bell, who leads the expatriate committee of the Baja Image Committee, pointed out that much work remains after the summit to accomplish goals that have been established.
Bell, as well as Rosarito’s tourism delegate Cesar Rivera, were summit moderators.
Other speakers included Emerson College Professor Gregory Payne, who has established a "Rediscover Rosarito" project that he said can be applied to all of Baja California. “You’re all your own TV networks,” Payne said, referring to the access that everyone has to post videos on YouTube and similar sites.
Chris Hill, of the "Live Mexico" campaign, and representatives of Allison & Partners public relations also spoke.
Expatriate residents from Rosarito, Ensenada, San Felipe and Tijuana who attended the summit are expected to share information and strategies for promoting a full, accurate and positive regional image with others in coming months.
www.bajainvestment.com
About 70 community leaders in Baja California’s expatriate community recently attended the first summit of the "Baja Image Committee." It was organized for foreign residents who want to promote a positive and accurate portrait of the region.
The two-day summit, entitled “Building Baja’s Tomorrows Today,” was held June 8th and 9th at the Rosarito Beach Hotel, Mexico, which provided free lodging and meals for those attending.
The event was a response to requests from many of the thousands of expats who live in the region. Many have expressed a desire to do more to help convey an accurate picture of life in Baja California, especially to people living in the United States.
The summit featured testimonials from many of those residents, including some who said reports of scattered drug-related violence in recent years had made some friends and relatives reluctant to visit.
Those concerns are considered a large factor in the decline in tourism and visitors over the past several years, although a strong rebound was noted this past Easter and Memorial Day weekend, the traditional beginning of the summer season.
The summit included a panel discussion, as well as presentations on methods of gathering and distributing accurate and positive information, plus using social networks.
Hugo Torres, head of the Baja Image Committee and a former Rosarito mayor, said that “always telling the truth” is critical for such efforts to succeed. It is essential that government officials work hard to correct any problems that do exist, he added.
Baja California State Tourism Secretary Juan Tintos and Arturo Martinez, director of visitor assistance, told of government efforts to make visitors more comfortable and welcome, including the 078 assistance number which is in operation 24 hours day seven days a week.
Steven Kashkett, U.S. Consul General for Baja California, also attended to give an off-the-record briefing.
Rosarito resident Ken Bell, who leads the expatriate committee of the Baja Image Committee, pointed out that much work remains after the summit to accomplish goals that have been established.
Bell, as well as Rosarito’s tourism delegate Cesar Rivera, were summit moderators.
Other speakers included Emerson College Professor Gregory Payne, who has established a "Rediscover Rosarito" project that he said can be applied to all of Baja California. “You’re all your own TV networks,” Payne said, referring to the access that everyone has to post videos on YouTube and similar sites.
Chris Hill, of the "Live Mexico" campaign, and representatives of Allison & Partners public relations also spoke.
Expatriate residents from Rosarito, Ensenada, San Felipe and Tijuana who attended the summit are expected to share information and strategies for promoting a full, accurate and positive regional image with others in coming months.
www.bajainvestment.com
Tuesday, June 7, 2011
Mexico Attracts US Retirees Despite Crime Wave
Some 40,000 people have been killed in Mexico over the past five years as the Latin American country's police and military battle powerful drug cartels that are also fighting with each other over smuggling routes. In spite of the dire headlines, hundreds of thousands of U.S. citizens vacation in Mexico every year and many of them, especially those who are retired, have opted to buy property and live there. The warm weather and the lower cost of living are big draws.
News from Mexico these days tends to be bad.
Shootouts and grisly murders dominate media reports.
News from Mexico these days tends to be bad.
Shootouts and grisly murders dominate media reports.
MEJORÓ LA OCUPACIÓN HOTELERA POR MEMORIAL DAY
MEJORÓ LA OCUPACIÓN HOTELERA POR MEMORIAL DAY
TIJUANA.- Domingo 29 de mayo de 2011.- Una mejora en la ocupación hotelera se registró en los principales destinos de la entidad durante este fin de semana de Memorial Day, comparativamente con el año pasado, así lo dio a conocer el Secretario de Turismo del Estado, Juan Tintos Funcke.
Explicó que este repunte fue más evidente en los destinos de playa, de tal suerte que en el Puerto de Ensenada se alcanzó una ocupación hotelera del 95 por ciento para este sábado, en tanto que el año anterior se registró para el mismo día un 89 por ciento. En promedio para los días viernes y sábado en el Puerto logró incrementarse del 67 por ciento registrado en 2010 a un 74 por ciento para este año, lo anterior basados en una muestra de 12 hoteles y 1 mil 5 habitaciones.
En lo que corresponde a San Felipe el registro de ocupación para el día sábado alcanzó el 87 por ciento mientras que el año anterior fue del 83 por ciento para el mismo día, sin embargo el aumento fue más notorio para el día viernes en que se registró el 50 por ciento de ocupación, 13 puntos más que el año pasado, lo que contribuyó a que el promedio para ambos días se elevara del 60 por ciento en 2010 al 69 por ciento en 2011. La muestra de hoteles en San Felipe consta de 13 establecimientos con 651 habitaciones.
Por último en el caso de Playas de Rosarito se registró para el día sábado una ocupación del 73 por ciento lo que se traduce en un aumento de 15 puntos con relación al año anterior en que la ocupación fue del 58 por ciento. El promedio para los días viernes y sábado fue del 50 por ciento, ocho puntos más que año pasado, considerando la muestra de 15 hoteles y 1 mil 390 habitaciones.
El titular de la SECTURE mencionó que a pesar de los cambios bruscos en las condiciones climatológicas se logró este aumento en la ocupación hotelera, al mismo tiempo que agregó que este año por instrucciones del Gobernador del Estado, José Guadalupe Osuna Millán, se está haciendo un mayor esfuerzo en materia de promoción tanto para el mercado nacional como en el caso del extranjero.
¨Por ningún motivo podemos decir que se trata de una recuperación, aunque sí podemos ver buenas señales al registrarse una mejoría en los indicadores¨, aclaró el funcionario estatal.
Indicó que se debe reconocer el trabajo realizado por el sector turístico estatal en su conjunto; el sector hotelero, los restauranteros y comerciantes, que ha puesto en marcha diversas acciones para ser más competitivos con tarifas especiales y paquetes, así como estrategias para vincular los eventos, entre artísticos, culturales y los relacionados con la Ruta del Vino, con el hospedaje en los diferentes destinos.
De la misma manera reconoció la labor de coordinación que se ha venido realizando entre los diversos organismos como son los Comités de Turismo y Convenciones, Proturismo, así como los Fideicomisos Públicos de Promoción Turística de las diferentes ciudades.
Finalmente el Secretario de Turismo del Estado informó que de igual forma se espera una importante afluencia turística para la próxima semana, particularmente en el Puerto de Ensenada, con la realización de la mundialmente famosa carrera fuera de camino Baja 500, en la cual se espera una participación que supere los 250 equipos provenientes de los Estados Unidos y otros países.
http://www.bajainvestment.com/
TIJUANA.- Domingo 29 de mayo de 2011.- Una mejora en la ocupación hotelera se registró en los principales destinos de la entidad durante este fin de semana de Memorial Day, comparativamente con el año pasado, así lo dio a conocer el Secretario de Turismo del Estado, Juan Tintos Funcke.
Explicó que este repunte fue más evidente en los destinos de playa, de tal suerte que en el Puerto de Ensenada se alcanzó una ocupación hotelera del 95 por ciento para este sábado, en tanto que el año anterior se registró para el mismo día un 89 por ciento. En promedio para los días viernes y sábado en el Puerto logró incrementarse del 67 por ciento registrado en 2010 a un 74 por ciento para este año, lo anterior basados en una muestra de 12 hoteles y 1 mil 5 habitaciones.
En lo que corresponde a San Felipe el registro de ocupación para el día sábado alcanzó el 87 por ciento mientras que el año anterior fue del 83 por ciento para el mismo día, sin embargo el aumento fue más notorio para el día viernes en que se registró el 50 por ciento de ocupación, 13 puntos más que el año pasado, lo que contribuyó a que el promedio para ambos días se elevara del 60 por ciento en 2010 al 69 por ciento en 2011. La muestra de hoteles en San Felipe consta de 13 establecimientos con 651 habitaciones.
Por último en el caso de Playas de Rosarito se registró para el día sábado una ocupación del 73 por ciento lo que se traduce en un aumento de 15 puntos con relación al año anterior en que la ocupación fue del 58 por ciento. El promedio para los días viernes y sábado fue del 50 por ciento, ocho puntos más que año pasado, considerando la muestra de 15 hoteles y 1 mil 390 habitaciones.
El titular de la SECTURE mencionó que a pesar de los cambios bruscos en las condiciones climatológicas se logró este aumento en la ocupación hotelera, al mismo tiempo que agregó que este año por instrucciones del Gobernador del Estado, José Guadalupe Osuna Millán, se está haciendo un mayor esfuerzo en materia de promoción tanto para el mercado nacional como en el caso del extranjero.
¨Por ningún motivo podemos decir que se trata de una recuperación, aunque sí podemos ver buenas señales al registrarse una mejoría en los indicadores¨, aclaró el funcionario estatal.
Indicó que se debe reconocer el trabajo realizado por el sector turístico estatal en su conjunto; el sector hotelero, los restauranteros y comerciantes, que ha puesto en marcha diversas acciones para ser más competitivos con tarifas especiales y paquetes, así como estrategias para vincular los eventos, entre artísticos, culturales y los relacionados con la Ruta del Vino, con el hospedaje en los diferentes destinos.
De la misma manera reconoció la labor de coordinación que se ha venido realizando entre los diversos organismos como son los Comités de Turismo y Convenciones, Proturismo, así como los Fideicomisos Públicos de Promoción Turística de las diferentes ciudades.
Finalmente el Secretario de Turismo del Estado informó que de igual forma se espera una importante afluencia turística para la próxima semana, particularmente en el Puerto de Ensenada, con la realización de la mundialmente famosa carrera fuera de camino Baja 500, en la cual se espera una participación que supere los 250 equipos provenientes de los Estados Unidos y otros países.
http://www.bajainvestment.com/
Tuesday, May 31, 2011
Tuesday, March 8, 2011
Sweet spot in Mexico earns second look from investors
By Patrick Rucker
MEXICO CITY (Reuters) - Mexico's improving economic prospects, coupled with low inflation, are winning the country a second look from international investors and fund managers.
Investors see potential in Mexico's services sector and in enticing more companies to market, and are also bullish about new financial tools which could send billions of dollars into infrastructure and private equity deals.
Expected economic growth of about 4 percent this year, combined with inflation of about 3.5 percent, compares well to regional peers, many of which are tightening monetary policy to fend off surging prices.
"In our view, the Mexican economy is very much in a sweet spot," Lupin Rahman, senior vice president of emerging markets portfolio management at bond giant Pimco, told a LatinFinance summit this week.
"In terms of output, in terms of growth, in terms of inflation, all these dynamics point to a very positive 2011 for the Mexican economy."
Mexico's apparent comeback in the sentiment stakes follows several years in the shadow of Brazil, which weathered the global crisis better but is now wrestling with high inflation.
Emerging market investors surveyed by Bank of America Merrill Lynch in February put Brazil at underweight for the first time in the survey's history, while preferences for Mexico are increasing.
But Mexico still has some homework to do.
The economy depends heavily on manufacturing exports to the United States, and while the recovery in U.S. consumer demand has prompted economists to lift forecasts for Mexican growth, investors also look for diversification and for structural reforms.
"If Mexico can turn the engines and start opening its service sectors it will be a fantastic run for the economy," said Alfredo Thorne, head of global markets at Banorte bank.
"It can seriously not only grow at 6, 7 percent but actually perform much better than the BRICs." Brazil's growth is expected to slow in 2011 to 4.5 percent, according to the International Monetary Fund.
Thorne estimates Mexico's drugs war, which has killed more than 34,000 people in the last four years, is cutting 1-2 percentage points from annual growth, but says it will be worth it. "If Mexico manages to win this war, it will be the most important structural reform," he said at the summit.
Luis Harvey, co-founder of private equity firm Nexxus Capital, said Mexico's service sector was underrated.
"You have a huge internal market which has a per-capita income twice as big as Brazil's," he said.
Leisure, health and consumer finance are some of the industries getting a lift from the expanding middle class and sectors where Harvey has put money to work.
Buyout firms typically drive their acquisitions toward a public offering and the Mexican exchange has room to grow with $550 million of shares swapping hands daily compared to the roughly $3.6 billion traded daily in Brazilian stock markets.
"You need to get more companies going to the market; more people investing in equities," said Harvey.
NEW FINANCIAL TOOLS
New financial instruments are also helping improve Mexico's reputation among global investors, after bureaucratic hurdles and inertia caused many to lose patience.
Brazil buyout firm GP Investments (GPIV11.SA), for one, opened a Mexico City office four years ago intending to make a splash in Latin America's second-largest economy, but pulled out. Partners remember the attempt as a costly mistake.
Carlyle Group CYL.UL also retreated, leaving behind one money manager who has spent much of the last two years in a time-consuming effort to draw Mexico pension fund investment. Now he is finally starting to see results.
Mexico is rolling out new investment options, such as real estate investment trusts (REITs) and a hybrid security designed solely to serve the country's retirement funds.
Those Mexican pension funds, which sit on 1.4 trillion pesos ($116.5 billion) in assets, are expected to drop sizable investments into REITs. Joaquin Avila, the Carlyle veteran, expects his EMX Capital will soon win pension fund financing.
"It has been a tremendous amount of work. To some extent cumbersome and to some extent understandable," said Avila. "These are new securities to Mexico."
Local money managers say the new securities will bring welcome efficiency and competition to Mexican markets.
"Now we are seeing real sophistication in the financial marketplace," said Juan Alberto Leautaud, a local real estate money manager whose infrastructure investment plan recently won $220 million in pension fund cash.
New financing has drawn money managers like Paul Ahlstrom, who brought his wife and six kids to Monterrey in Mexico's north as he made a private equity pitch to the funds.
It took nearly two years, but Ahlstrom says a deal is near with his Alta Growth Capital that will blend pension cash with $75 million of outside capital.
"This deal will happen. It's just painful to be a pioneer," he said. "I hope we don't become the pioneer with arrows in his back."
(Additional reporting by Guillermo Parra-Bernal in Sao Paolo, Editing by Chizu Nomiyama)
http://www.bajainvestment.com/
MEXICO CITY (Reuters) - Mexico's improving economic prospects, coupled with low inflation, are winning the country a second look from international investors and fund managers.
Investors see potential in Mexico's services sector and in enticing more companies to market, and are also bullish about new financial tools which could send billions of dollars into infrastructure and private equity deals.
Expected economic growth of about 4 percent this year, combined with inflation of about 3.5 percent, compares well to regional peers, many of which are tightening monetary policy to fend off surging prices.
"In our view, the Mexican economy is very much in a sweet spot," Lupin Rahman, senior vice president of emerging markets portfolio management at bond giant Pimco, told a LatinFinance summit this week.
"In terms of output, in terms of growth, in terms of inflation, all these dynamics point to a very positive 2011 for the Mexican economy."
Mexico's apparent comeback in the sentiment stakes follows several years in the shadow of Brazil, which weathered the global crisis better but is now wrestling with high inflation.
Emerging market investors surveyed by Bank of America Merrill Lynch in February put Brazil at underweight for the first time in the survey's history, while preferences for Mexico are increasing.
But Mexico still has some homework to do.
The economy depends heavily on manufacturing exports to the United States, and while the recovery in U.S. consumer demand has prompted economists to lift forecasts for Mexican growth, investors also look for diversification and for structural reforms.
"If Mexico can turn the engines and start opening its service sectors it will be a fantastic run for the economy," said Alfredo Thorne, head of global markets at Banorte bank.
"It can seriously not only grow at 6, 7 percent but actually perform much better than the BRICs." Brazil's growth is expected to slow in 2011 to 4.5 percent, according to the International Monetary Fund.
Thorne estimates Mexico's drugs war, which has killed more than 34,000 people in the last four years, is cutting 1-2 percentage points from annual growth, but says it will be worth it. "If Mexico manages to win this war, it will be the most important structural reform," he said at the summit.
Luis Harvey, co-founder of private equity firm Nexxus Capital, said Mexico's service sector was underrated.
"You have a huge internal market which has a per-capita income twice as big as Brazil's," he said.
Leisure, health and consumer finance are some of the industries getting a lift from the expanding middle class and sectors where Harvey has put money to work.
Buyout firms typically drive their acquisitions toward a public offering and the Mexican exchange has room to grow with $550 million of shares swapping hands daily compared to the roughly $3.6 billion traded daily in Brazilian stock markets.
"You need to get more companies going to the market; more people investing in equities," said Harvey.
NEW FINANCIAL TOOLS
New financial instruments are also helping improve Mexico's reputation among global investors, after bureaucratic hurdles and inertia caused many to lose patience.
Brazil buyout firm GP Investments (GPIV11.SA), for one, opened a Mexico City office four years ago intending to make a splash in Latin America's second-largest economy, but pulled out. Partners remember the attempt as a costly mistake.
Carlyle Group CYL.UL also retreated, leaving behind one money manager who has spent much of the last two years in a time-consuming effort to draw Mexico pension fund investment. Now he is finally starting to see results.
Mexico is rolling out new investment options, such as real estate investment trusts (REITs) and a hybrid security designed solely to serve the country's retirement funds.
Those Mexican pension funds, which sit on 1.4 trillion pesos ($116.5 billion) in assets, are expected to drop sizable investments into REITs. Joaquin Avila, the Carlyle veteran, expects his EMX Capital will soon win pension fund financing.
"It has been a tremendous amount of work. To some extent cumbersome and to some extent understandable," said Avila. "These are new securities to Mexico."
Local money managers say the new securities will bring welcome efficiency and competition to Mexican markets.
"Now we are seeing real sophistication in the financial marketplace," said Juan Alberto Leautaud, a local real estate money manager whose infrastructure investment plan recently won $220 million in pension fund cash.
New financing has drawn money managers like Paul Ahlstrom, who brought his wife and six kids to Monterrey in Mexico's north as he made a private equity pitch to the funds.
It took nearly two years, but Ahlstrom says a deal is near with his Alta Growth Capital that will blend pension cash with $75 million of outside capital.
"This deal will happen. It's just painful to be a pioneer," he said. "I hope we don't become the pioneer with arrows in his back."
(Additional reporting by Guillermo Parra-Bernal in Sao Paolo, Editing by Chizu Nomiyama)
http://www.bajainvestment.com/
Monday, March 7, 2011
Rebuilt border crossing aims to speed traffic
By Sandra Dibble and Janine Zúñiga
Long lines and lengthy waits have become an inescapable burden for tens of thousands of cross-border commuters at the San Ysidro Port of Entry.
Proposing to dramatically decrease crossing times for both vehicles and pedestrians, authorities Thursday formally launched a $577 million expansion and modernization of the world’s busiest land-border crossing.
Wait times during peak hours can currently stretch to more than two hours, and a 2009 study by the U.S. General Services Administration showed that if nothing is done, those waits could stretch to 10 hours by 2030.
Planned for completion by 2016, the new facility would reduce maximum waits to 30 minutes, according to U.S. Customs and Border Protection.
Added lanes, more booths and high-tech inspections are at the heart of the overhaul. It is the largest and costliest infrastructure project the U.S. government has ever undertaken along its land border.
“The need for a new facility is clear, and the stakes are high,” said Martha Johnson, administrator of the GSA, speaking at an outdoor ceremony at the port that drew authorities from the United States and Mexico. Over the next two decades, she said, traffic through the San Ysidro port is expected to increase by as much as 90 percent.
Growing delays have stifled myriad transactions on both sides of the border. San Diego’s supermarkets, shops and restaurants have lost large amounts of business from Mexican customers. Baja California’s hotels, restaurants and other tourist amenities have suffered a devastating drop in U.S. clientele in recent years, partly as a result of tighter security measures adopted following the Sept. 11 terrorist attacks.
The San Diego Association of Governments’ latest estimate, from 2007, calculates that the congestion at California’s border with Mexico costs the region close to $7.2 billion and more than 62,000 jobs annually.
“For most people who don’t go back and forth across the border, it’s just out of sight, out of mind,” said Christina Luhn, director of the Mega-Region Initiative at the San Diego Regional Economic Development Corp. “They don’t understand what a two- or three-hour wait can mean.”
San Ysidro’s current facility has long been outdated. When it opened in the mid-1970s, the country was recovering from the Watergate scandal, disco was all the rage and terrorism wasn’t a domestic concern.
“It’s a changed society and buildings have to change with it,” said Ramon Riesgo, land port of entry adviser for the GSA, which is overseeing the construction of the new port.
The new facility is being called the “port of the future.” While San Ysidro now has 24 northbound lanes, including six with two inspection booths each, the rebuilt facility will include 34 northbound lanes with 64 inspection booths. Expanded pedestrian facilities will include a shaded path and 20 inspection stations.
To handle beefed-up inspections southbound, six lanes are being added on the U.S. side of the border.
The design, by Seattle-based Miller Hull Partnership, includes a translucent roof structure that shields cars and officers from rain and sun. The project is being planned to conserve both energy and water, and the aim is to achieve LEED Platinum certification, a recognition for environmentally friendly structures.
Another environmental benefit being cited is improved air quality at the crossing, due to the decreased wait times and shorter lines.
The new port “will enable us to better manage traffic in many many ways,” said Thomas Winkowski, assistant commissioner for U.S. Customs and Border Protection, the agency that operates the port of entry. The changes will allow for improved use of technology, greater flexibility in opening and closing lanes, and the expansion of trusted traveler programs where prescreened crossers are processed more quickly.
U.S. authorities have worked closely with Mexico in designing the project. The Mexican government is planning changes south of the border costing more than $53 million, including expanding the number of lanes from six to 20, said Juan José Erazo, who directs border crossing infrastructure projects for Mexico’s Communications and Transportation Secretariat.
Mexico is also building bridges and access roads to the new crossing, as well as an intermodal facility that would allow San Diego Trolley passengers to connect directly to a rapid transit bus system being planned on the Mexican side.
While many community groups seem hopeful the expansion project will achieve its aims, not everyone is convinced that infrastructure is the only answer.
“It comes down to efficiency of inspections,” said Jason Wells, executive director of the San Ysidro Chamber of Commerce and member of a coalition fighting to improve security and border-crossing times while providing support for local businesses.
“We could spend $600 million and have a new port of entry, but if you have agents in primary inspection lanes getting on their knees tapping on tires and opening trunks, we could still have a 2-3 hour wait time,” he said.
The U.S. modernization project is being conducted in three phases. Only the first phase, totaling nearly $293 million, has been funded. It includes a pedestrian bridge scheduled for opening next month, an expansion of the northbound inspection facilities, and a southbound pedestrian crossing. The second phase involves improvements and construction of pedestrian processing facilities. The third phase entails new southbound lanes.
At Thursday’s ceremony, U.S. Rep. Bob Filner, D-San Diego, said the fight to fund the second and third phases continues in Congress. Last week, the House voted to cut $1.5 billion from the GSA budget. “We’ve got to make sure those cuts don’t stay,” he said. “Because they threaten the economic viability that we’re celebrating today.”
http://www.bajainvestment.com/
Long lines and lengthy waits have become an inescapable burden for tens of thousands of cross-border commuters at the San Ysidro Port of Entry.
Proposing to dramatically decrease crossing times for both vehicles and pedestrians, authorities Thursday formally launched a $577 million expansion and modernization of the world’s busiest land-border crossing.
Wait times during peak hours can currently stretch to more than two hours, and a 2009 study by the U.S. General Services Administration showed that if nothing is done, those waits could stretch to 10 hours by 2030.
Planned for completion by 2016, the new facility would reduce maximum waits to 30 minutes, according to U.S. Customs and Border Protection.
Added lanes, more booths and high-tech inspections are at the heart of the overhaul. It is the largest and costliest infrastructure project the U.S. government has ever undertaken along its land border.
“The need for a new facility is clear, and the stakes are high,” said Martha Johnson, administrator of the GSA, speaking at an outdoor ceremony at the port that drew authorities from the United States and Mexico. Over the next two decades, she said, traffic through the San Ysidro port is expected to increase by as much as 90 percent.
Growing delays have stifled myriad transactions on both sides of the border. San Diego’s supermarkets, shops and restaurants have lost large amounts of business from Mexican customers. Baja California’s hotels, restaurants and other tourist amenities have suffered a devastating drop in U.S. clientele in recent years, partly as a result of tighter security measures adopted following the Sept. 11 terrorist attacks.
The San Diego Association of Governments’ latest estimate, from 2007, calculates that the congestion at California’s border with Mexico costs the region close to $7.2 billion and more than 62,000 jobs annually.
“For most people who don’t go back and forth across the border, it’s just out of sight, out of mind,” said Christina Luhn, director of the Mega-Region Initiative at the San Diego Regional Economic Development Corp. “They don’t understand what a two- or three-hour wait can mean.”
San Ysidro’s current facility has long been outdated. When it opened in the mid-1970s, the country was recovering from the Watergate scandal, disco was all the rage and terrorism wasn’t a domestic concern.
“It’s a changed society and buildings have to change with it,” said Ramon Riesgo, land port of entry adviser for the GSA, which is overseeing the construction of the new port.
The new facility is being called the “port of the future.” While San Ysidro now has 24 northbound lanes, including six with two inspection booths each, the rebuilt facility will include 34 northbound lanes with 64 inspection booths. Expanded pedestrian facilities will include a shaded path and 20 inspection stations.
To handle beefed-up inspections southbound, six lanes are being added on the U.S. side of the border.
The design, by Seattle-based Miller Hull Partnership, includes a translucent roof structure that shields cars and officers from rain and sun. The project is being planned to conserve both energy and water, and the aim is to achieve LEED Platinum certification, a recognition for environmentally friendly structures.
Another environmental benefit being cited is improved air quality at the crossing, due to the decreased wait times and shorter lines.
The new port “will enable us to better manage traffic in many many ways,” said Thomas Winkowski, assistant commissioner for U.S. Customs and Border Protection, the agency that operates the port of entry. The changes will allow for improved use of technology, greater flexibility in opening and closing lanes, and the expansion of trusted traveler programs where prescreened crossers are processed more quickly.
U.S. authorities have worked closely with Mexico in designing the project. The Mexican government is planning changes south of the border costing more than $53 million, including expanding the number of lanes from six to 20, said Juan José Erazo, who directs border crossing infrastructure projects for Mexico’s Communications and Transportation Secretariat.
Mexico is also building bridges and access roads to the new crossing, as well as an intermodal facility that would allow San Diego Trolley passengers to connect directly to a rapid transit bus system being planned on the Mexican side.
While many community groups seem hopeful the expansion project will achieve its aims, not everyone is convinced that infrastructure is the only answer.
“It comes down to efficiency of inspections,” said Jason Wells, executive director of the San Ysidro Chamber of Commerce and member of a coalition fighting to improve security and border-crossing times while providing support for local businesses.
“We could spend $600 million and have a new port of entry, but if you have agents in primary inspection lanes getting on their knees tapping on tires and opening trunks, we could still have a 2-3 hour wait time,” he said.
The U.S. modernization project is being conducted in three phases. Only the first phase, totaling nearly $293 million, has been funded. It includes a pedestrian bridge scheduled for opening next month, an expansion of the northbound inspection facilities, and a southbound pedestrian crossing. The second phase involves improvements and construction of pedestrian processing facilities. The third phase entails new southbound lanes.
At Thursday’s ceremony, U.S. Rep. Bob Filner, D-San Diego, said the fight to fund the second and third phases continues in Congress. Last week, the House voted to cut $1.5 billion from the GSA budget. “We’ve got to make sure those cuts don’t stay,” he said. “Because they threaten the economic viability that we’re celebrating today.”
http://www.bajainvestment.com/
If facts don’t lie, is Mexico safer than the U.S.?
By Patrick Osio
Here comes Easter break again and young people will be young people – high school and college kids will travel to distant places where the drinking age is either less than it is in the U.S. or where authorities don’t care to enforce minors’ drinking laws. For several decades Mexico has been one such place of choice where the legal drinking age is 18. Mazatlan , Acapulco , Puerto Vallarta and Cancun were the fly to favorite places and Rosarito Beach and Ensenada the favorite drive to places from Southern California . – But not this year, or for that matter neither was it last year.
Our government and the U.S. media have convinced most Americans that Mexico is not a safe place to visit as drug traffickers are fighting it out to see which gang will have the right to sell their illicit drugs to the very group that will not be visiting Mexico . They will have to wait until they return from Easter break to get their Mexican smuggled drugs at home.
But what really struck me was that the preferred country to visit this Easter break in lieu of Mexico is the Dominican Republic . It struck me because Dominica is rated as the number one country with the highest propensity for crime in the world. According to facts gathered by NationalMaster.com, their total crime per 1,000 residents (per capita) is 113.822 –Compared to the U.S. that is 8th in the world in total crimes at 80.0645 per 1000 residents, making chances of being a victim of a crime in Dominica better than 10%, and slightly less than an 8% chance of being a victim in the U.S.
But here is the real clunker – Mexico, the country our government tells us not to visit and the media has a field day reporting any crime be it significant or not to further put the fear of God into staying away from there – well, it ranks 39th in total crime in the world with a per capita of slightly less than 13 crimes per 1000 residents that is a 1.3% chance of being a victim of crime in Mexico.
So Mexico is out, Dominica is in, yet the chances of being a crime victim there is greater than in the U.S. and the chances of being a crime victim in the U.S. is greater than in Mexico . But, for our own safety we need to stay out of Mexico .
Have you ever felt like you’re being duped but you can’t quite put your finger on why – what’s the motive? Is it to keep us from facing some bitter truths? We keep reading how crime is down, how safe we are compared to most other parts of the world. But is it true?
So here are some multiple choice questions for you:
1. Which country has a higher crime rate per 1,000 residents?
a. Mexico, b. Germany, c. Canada, d. U.S.
2. Which country has the highest murders with firearms?
a. Mexico, b. El Salvador, c. U.S.
3. Of the following countries, which has the least number of drug offenses?
a. Germany, b. United Kingdom, c. Canada, d. Switzerland, e. Mexico
4. Which country has the most prisoners?
a. United States , b. China , c. Russia , d. India, e. Mexico
(Answers: 1. d. U.S. , 2. c. U.S. , 3. e. Mexico , 4. a. U.S.- Source: http://www.nationmaster.com)
In one of the only bright spots due to its recent gang related murders, Mexico , on a per capita, ranks as more dangerous than the U.S. occupying No. 24 and Mexico No. 6 in the world, but in total number of murders the U.S. is No. 5 and Mexico No. 6.
In fact, much of the crime data per capita 1000 population suggests that in many respects Mexico is safer than the U.S.: in assaults the U.S. ranks No. 6, Mexico No. 20; burglaries the U.S. No. 17, Mexico No. 34; car thefts U.S. No. 9, Mexico No. 22; fraud U.S. No. 18, Mexico No. 29; Rape (Canada No.5), U.S. No. 9, Mexico No. 17.
No doubt that at the expense of Mexico we are being duped. Is it to hide our insatiable appetite for illicit drugs and cheap labor, and so by pointing the finger of guilt to the biggest supplier of both we exculpate our actions or at minimum pacify our own guilt?
Maybe it’s time for “the home of the free, and land of the brave” to take note.
Here comes Easter break again and young people will be young people – high school and college kids will travel to distant places where the drinking age is either less than it is in the U.S. or where authorities don’t care to enforce minors’ drinking laws. For several decades Mexico has been one such place of choice where the legal drinking age is 18. Mazatlan , Acapulco , Puerto Vallarta and Cancun were the fly to favorite places and Rosarito Beach and Ensenada the favorite drive to places from Southern California . – But not this year, or for that matter neither was it last year.
Our government and the U.S. media have convinced most Americans that Mexico is not a safe place to visit as drug traffickers are fighting it out to see which gang will have the right to sell their illicit drugs to the very group that will not be visiting Mexico . They will have to wait until they return from Easter break to get their Mexican smuggled drugs at home.
But what really struck me was that the preferred country to visit this Easter break in lieu of Mexico is the Dominican Republic . It struck me because Dominica is rated as the number one country with the highest propensity for crime in the world. According to facts gathered by NationalMaster.com, their total crime per 1,000 residents (per capita) is 113.822 –Compared to the U.S. that is 8th in the world in total crimes at 80.0645 per 1000 residents, making chances of being a victim of a crime in Dominica better than 10%, and slightly less than an 8% chance of being a victim in the U.S.
But here is the real clunker – Mexico, the country our government tells us not to visit and the media has a field day reporting any crime be it significant or not to further put the fear of God into staying away from there – well, it ranks 39th in total crime in the world with a per capita of slightly less than 13 crimes per 1000 residents that is a 1.3% chance of being a victim of crime in Mexico.
So Mexico is out, Dominica is in, yet the chances of being a crime victim there is greater than in the U.S. and the chances of being a crime victim in the U.S. is greater than in Mexico . But, for our own safety we need to stay out of Mexico .
Have you ever felt like you’re being duped but you can’t quite put your finger on why – what’s the motive? Is it to keep us from facing some bitter truths? We keep reading how crime is down, how safe we are compared to most other parts of the world. But is it true?
So here are some multiple choice questions for you:
1. Which country has a higher crime rate per 1,000 residents?
a. Mexico, b. Germany, c. Canada, d. U.S.
2. Which country has the highest murders with firearms?
a. Mexico, b. El Salvador, c. U.S.
3. Of the following countries, which has the least number of drug offenses?
a. Germany, b. United Kingdom, c. Canada, d. Switzerland, e. Mexico
4. Which country has the most prisoners?
a. United States , b. China , c. Russia , d. India, e. Mexico
(Answers: 1. d. U.S. , 2. c. U.S. , 3. e. Mexico , 4. a. U.S.- Source: http://www.nationmaster.com)
In one of the only bright spots due to its recent gang related murders, Mexico , on a per capita, ranks as more dangerous than the U.S. occupying No. 24 and Mexico No. 6 in the world, but in total number of murders the U.S. is No. 5 and Mexico No. 6.
In fact, much of the crime data per capita 1000 population suggests that in many respects Mexico is safer than the U.S.: in assaults the U.S. ranks No. 6, Mexico No. 20; burglaries the U.S. No. 17, Mexico No. 34; car thefts U.S. No. 9, Mexico No. 22; fraud U.S. No. 18, Mexico No. 29; Rape (Canada No.5), U.S. No. 9, Mexico No. 17.
No doubt that at the expense of Mexico we are being duped. Is it to hide our insatiable appetite for illicit drugs and cheap labor, and so by pointing the finger of guilt to the biggest supplier of both we exculpate our actions or at minimum pacify our own guilt?
Maybe it’s time for “the home of the free, and land of the brave” to take note.
Tuesday, February 22, 2011
How to Surf on Rosarito Beach, Mexico
by Virginia Watson
Overview
Rosarito Beach is in the northern part of Baja California, Mexico, approximately 20 miles from the U.S. border. It is a popular surfing spot and home to numerous competitions, including the Mexican National Surfing Championship and a Pro-Am tournament. The area generally has consistent waves coming from the northwest and surfing conditions range from good to excellent.
Step 1
Travel to Rosarito Beach. The area is a 40-minute drive from San Diego, but it might take a while to get through the border crossing at Tijuana. All U.S. citizens need a valid passport to travel to and from Mexico, so make sure you take it with you. If you're flying in, your best bet is to fly to San Diego and drive over the border, as Tijuana's airport does not accept many flights from the United States.
Step 2
Book your hotel. The town of Rosarito (Playas de Rosarito) is a relatively small area with little in the way of accommodations, although the area is under development to encourage the tourist trade. Make reservations at your hotel early, especially if you're traveling during spring break, as the area can get quite crowded.
Step 3
Wear a wetsuit. During the fall, winter and spring months, you'll likely need a full wetsuit, as the water can be between 50 and 60 degrees F. The summer months generally require only swim trunks or a spring wetsuit.
Step 4
Rent equipment. If you didn't bring your own board or wetsuit, a few surf shops in the Rosarito area offer both sales and rentals of surfing equipment. Additionally, your hotel might have some equipment available for rentals or borrowing.
Step 5
Walk or drive to the beach. Many of the town's hotels are within easy walking distance of the beach. Additionally, numerous surf spots are within a few miles of the town and are easily accessible by car. Just don't leave anything of value in your vehicle or your boards on top of the car, as theft can be a major problem in Mexico.
http://www.remax-baja.com/
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