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1. Constitutional reform on electoral matters submitted

President Sheinbaum formally presented a constitutional reform initiative on electoral matters to the Chamber of Deputies. Among other things, the bill proposes that Congress reduce the number of seats in the Senate from 128 to 96. Meanwhile, the number of deputies will remain at 500, but 200 will be elected by proportional representation, eliminating the closed list of multi-member districts. It also modifies the public financing formula to reduce the annual amounts allocated to political party activities.

Innovative topics are included, such as artificial intelligence, where all electoral content created, altered, or modified using this digital tool (or any other technology) must be labeled by its issuer for clear identification. Finally, the reform proposes reducing the time allocated to parties on radio and television from 48 to 35 minutes from the start of the pre-campaign period until election day. The reform does not have the support of the entire government bloc and has provoked conflicting opinions about its viability, even within the Morena group itself.

Aristegui Noticias: Ya es oficial: Sheinbaum presenta su propuesta de reforma electoral

Proceso: Estos son los puntos claves de la iniciativa de reforma electoral de Sheinbaum

2. President meets again with National Investment Council

President Claudia Sheinbaum met again with the National Investment Council. The main objective of the dialogue was to address the streamlining of mixed and public investment projects, as well as to follow up on the progress of the “Plan Mexico.” The President reported that the business sector proposed investment projects amounting to nearly $100 billion for the coming years. She also indicated that the Council expressed optimism about Mexico’s economic growth in 2026.

Key figures such as Carlos Slim (Grupo Carso), Carlos Hank González (Grupo Banorte), Francisco Cervantes (former president of the CCE), and Altagracia Gómez Sierra, coordinator of the Advisory Council for Regional Economic Development and Relocation (CADERR), participated in the meeting. The meeting took place one day before the Mexican Ministry of Economy and the Office of the U.S. Trade Representative announced the start of the first round of bilateral talks to review the USMCA on March 16 in Washington.

Animal Político: Sheinbaum se reúne con integrantes del Consejo Nacional de Inversiones para dar seguimiento al Plan México

Milenio: Sheinbaum anuncia posible inversión del Consejo Nacional de Inversiones por 100 mil mdd

3. Digital disconnection from work is promoted and the reform to reduce working hours is published.

The Chamber of Deputies approved a reform to the Federal Labor Law to recognize the right to digital disconnection, which seeks to ensure that employees are not obliged to respond to work communications outside of their working hours, vacation periods, holidays, and leave, seeking to protect their rest time and privacy. Employers will now be required to design internal disconnection protocols to comply with this new regulation if it is approved by Congress, as it still needs to be discussed by the Senate.

This reform is moving forward in the same week that the constitutional reform establishing the gradual reduction of the weekly working week from 48 to 40 hours was published and came into force, albeit in stages (two hours per year until 2030). This represents several advances in labor issues, although experts warn that this may mean heavy burdens and costs for employers.

El Economista: Desconexión digital: Nuevo derecho laboral cerca de ver la luz, Diputados aprueban reforma a la LFT

La Jornada: En vigor, ley que reduce la jornada laboral a 40 horas

4. US companies to invest in electromobility for Mexico

US firms IUC and ATX have announced a joint investment of $500 million to develop electromobility infrastructure in Mexico. The strategic project includes the installation of a network of high-power electric chargers and the launch of a fleet of electric buses for public and personnel transport, as well as the construction of 38 chargers and 140 electric buses. The objective of both companies is to take advantage of Mexico’s competitive advantages under the USMCA, as they are optimistic about the prospects for continued trade between the three countries.

This investment will be focused on areas with high industrial and transportation density: the Bajío region (Querétaro); the metropolitan area (Mexico City and the State of Mexico); and the central region (Puebla). International investors have been attracted to the country’s transportation and logistics sector, they said, because the Mexican government is moving forward with the electrification of public transportation and city vehicle fleets.

El Financiero: ¿Qué empresas de EU invertirán 500 mdd en México y en qué sectores ‘apostarán’?

5. Mexican crude oil reaches record high due to tensions in the Middle East

Mexican crude oil exports reached their highest price in 20 months, driven by the escalating conflict between the United States and Iran. The price of a barrel of Mexican crude oil reached $70.32, representing a 28% increase over the estimate of $54.90 projected by the Ministry of Finance and Public Credit (SHCP) in the General Economic Policy Criteria for 2026. This rebound is in response to fears of a disruption in global energy supplies due to hostilities in the Strait of Hormuz.

However, Pemex may not be taking advantage of this milestone, as last January, Pemex exported only 294,400 barrels of crude oil per day, an annual contraction of 44.6%, according to its most recent operating report. The Mexican government has indicated that it will maintain fiscal incentives for the Special Tax on Production and Services (IEPS) to mitigate the impact of a possible price increase on end consumers, using oil surpluses to offset tax revenue from this source.

El Financiero: Pemex ‘le gana’ a crisis petrolera en Medio Oriente: Barril de crudo sube a 70 dólares

Bloomberg en línea: Mezcla Mexicana de petróleo alcanza precio más alto en 20 meses por guerra en Medio Oriente