Mauricio Vila highlights the ideal conditions that Yucatan has to attract investment - The Yucatan Times | Canada News Media
Connect with us

Investment

Mauricio Vila highlights the ideal conditions that Yucatan has to attract investment – The Yucatan Times

Published

 on


During the meeting of the National Action Governors Association (GOAN), Vila Dosal reiterated the call to work together to face the Federal Government’s budget reductions.

Benito Juárez, Quintana Roo (November 22, 2020).- When participating in the meeting of the National Action Governors Association (GOAN), Governor Mauricio Vila Dosal highlighted that in Yucatán, despite the pandemic and natural disasters in recent years, which involved the presence of 3 tropical storms and 2 hurricanes, investments continue to arrive and with this the state is ratified as a place that provides the necessary confidence for national and international companies to invest safely.

During the meeting, in which the Governor of Quintana Roo, Carlos Joaquín González assumed the presidency of the GOAN, Vila Dosal mentioned, as an example, that in recent months projects such as the Progreso Wind Farm have been launched, which included with an investment of 3,400 million pesos and which will be generating electricity equivalent to 212 thousand houses.

Likewise, the Yucatecan Governor added that in the coming weeks another wind farm will be inaugurated in Tizimín, which will be of the same size as the one already existing in Progreso.

“We see how multinational companies such as Walmart have just opened their Distribution Center (CEDIS), generating more than 2,000 jobs, between direct and indirect, with an investment of 1,140 million pesos. Walmart will also open two new stores in Yucatán, one that already opened a few weeks ago in the Fraccionamiento Campestre and another that we will be opening next week. In addition, next year this supermarket chain will be opening another four stores, generating a good number of jobs, “said Vila Dosal.

In this sense, the Governor added that the company of Chinese origin Woodgenix has invested almost 1,400 million pesos in Yucatan to generate 500 jobs and the confidence of this company in the entity is such that the construction of another has already been announced. plant that will generate another 1,000 jobs for Yucatecan families.

“We also recently inaugurated the Cementos Fortaleza plant with an investment of 500 million pesos, which is of utmost importance for the entity since the Yucatan Peninsula has the most expensive cement price in the entire country, due to the fact that it only existed a cement plant, but with this recent inauguration it is expected that in the medium and long term, the price of cement, as there is more competition, may reduce its costs, ”said Vila Dosal.

On the other hand, explained the Governor, the real estate sector, which is one of the greatest thrusts that the Yucatan economy has, is growing a lot due to the quality of life and security offered by the city of Mérida, so on Thursday Last year, an investment of more than 4,565 million pesos was announced in the Vía Montejo real estate development, where in addition to office towers there will be a Hyatt hotel and the United States Consulate will be built, with an investment of 130 million dollars for this consular office that will provide services for Yucatán, Campeche and Quintana Roo.

Another important project for Yucatán, Vila Dosal highlighted, is the Puerto de Altura de Progreso, in which an expansion of the access will be carried out, where currently the draft has a depth of 9.75 meters and will be increased to 15 meters, which will allow entry for large ships of 100,000 tons when now only ships of 40,000 tons can arrive, and with this, the costs of logistics will be reduced and it will contribute to make Yucatan a more competitive state.

The Yucatan Times
Newsroom

Comments

comments

Let’s block ads! (Why?)



Source link

Continue Reading

Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Investment

Canada’s Probate Laws: What You Need to Know about Estate Planning in 2024

Published

 on

Losing a loved one is never easy, and the legal steps that follow can add even more stress to an already difficult time.

For years, families in Vancouver (and Canada in general) have struggled with a complex probate process—filled with paperwork and legal challenges.

Thankfully, recent changes to Canada’s probate laws aim to make this process simpler and easier to navigate.

Let’s unearth how these updates can simplify the process for you and your family.

What is probate?

Probate might sound complicated, but it’s simply the legal process of settling someone’s estate after death.

Here’s how it works.

  • Validating the will. The court checks if the will is legal and valid.
  • Appointing an executor. If named in the will, the executor manages the estate. If not, the court appoints someone.
  • Settling debts and taxes. The executor (and you) pays debts and taxes before anything can be given.
  • Distributing the estate. Once everything is settled, the executor distributes the remaining assets according to the will or legal rules.

Probate ensures everything is done by the book, giving you peace of mind during a difficult time.

Recent Changes in Canadian Probate Laws

Several updates to probate law in the country are making the process smoother for you and your family.

Here’s a closer look at the fundamental changes that are making a real difference.

1) Virtual witnessing of wills

Now permanent in many provinces, including British Columbia, wills can be signed and witnessed remotely through video calls.

Such a change makes estate planning more accessible, especially for those in remote areas or with limited mobility.

2) Simplified process for small estates

Smaller estates, like those under 25,000 CAD in BC, now have a faster, simplified probate process.

Fewer forms and legal steps mean less hassle for families handling modest estates.

3) Substantial compliance for wills

Courts can now approve wills with minor errors if they reflect the person’s true intentions.

This update prevents unnecessary legal challenges and ensures the deceased’s wishes are respected.

These changes help make probate less stressful and more efficient for you and other families across Canada.

The Probate Process and You: The Role of a Probate Lawyer

 

(Image: Freepik.com)

Working with a probate lawyer in Vancouver can significantly simplify the probate process, especially given the city’s complex legal landscape.

Here’s how they can help.

Navigating the legal process

Probate lawyers ensure all legal steps are followed, preventing costly mistakes and ensuring the estate is managed properly.

Handling paperwork and deadlines

They manage all the paperwork and court deadlines, taking the burden off of you during this difficult time.

Resolving disputes

If conflicts arise, probate lawyers resolve them, avoiding legal battles.

Providing you peace of mind

With a probate lawyer’s expertise, you can trust that the estate is being handled efficiently and according to the law.

With a skilled probate lawyer, you can ensure the entire process is smooth and stress-free.

Why These Changes Matter

The updates to probate law make a big difference for Canadian families. Here’s why.

  • Less stress for you. Simplified processes mean you can focus on grieving, not paperwork.
  • Faster estate settlements. Estates are settled more quickly, so beneficiaries don’t face long delays.
  • Fewer disputes. Courts can now honor will with minor errors, reducing family conflicts.
  • Accessible for everyone. Virtual witnessing and easier rules for small estates make probate more accessible for everyone, no matter where you live.

With these changes, probate becomes smoother and more manageable for you and your family.

How to Prepare for the Probate Process

Even with the recent changes, being prepared makes probate smoother. Here are a few steps to help you prepare.

  1. Create a will. Ensure a valid will is in place to avoid complications.
  2. Choose an executor. Pick someone responsible for managing the estate and discuss their role with them.
  3. Organize documents. Keep key financial and legal documents in one place for easy access.
  4. Talk to your family. Have open conversations with your family to prevent future misunderstandings.
  5. Get legal advice. Consult with a probate lawyer to ensure everything is legally sound and up-to-date.

These simple steps make the probate process easier for everyone involved.

Wrapping Up: Making Probate Easier in Vancouver

Recent updates in probate law are simplifying the process for families, from virtual witnessing to easier estate rules. These reforms are designed to ease the burden, helping you focus on what matters—grieving and respecting your dead loved ones’ final wishes.

Despite these changes, it’s best to consult a probate lawyer to ensure you can manage everything properly. Remember, they’re here to help you during this difficult time.

Continue Reading

Economy

Energy stocks help lift S&P/TSX composite, U.S. stock markets also up

Published

 on

 

TORONTO – Canada’s main stock index was higher in late-morning trading, helped by strength in energy stocks, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 34.91 points at 23,736.98.

In New York, the Dow Jones industrial average was up 178.05 points at 41,800.13. The S&P 500 index was up 28.38 points at 5,661.47, while the Nasdaq composite was up 133.17 points at 17,725.30.

The Canadian dollar traded for 73.56 cents US compared with 73.57 cents US on Monday.

The November crude oil contract was up 68 cents at US$69.70 per barrel and the October natural gas contract was up three cents at US$2.40 per mmBTU.

The December gold contract was down US$7.80 at US$2,601.10 an ounce and the December copper contract was up a penny at US$4.28 a pound.

This report by The Canadian Press was first published Sept. 17, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version