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On the morning of this Thursday, it was learned that the Superintendence of Transportation sanctioned the Aguadulce Industrial Port Society with a fine that exceeds 2,285 million pesos. After making this sanction public, the port company assured that "it has never interrupted the continuous and efficient provision of the service, nor the performance of the non-intrusive inspection of cargo entering the terminal, which has been certified by the Anti-Narcotics Police within the administrative investigation process". (Read also: Million-dollar fine to the Aguadulce Industrial Port Society in Buenaventura) What has been stated by the port company is contrary to what SuperTransporte…

Although bancolombia put a fairly low point in terms of interest rates on credit cards, 25 percent, as announced this Thursday by its president Juan Carlos Mora, the other large banks operating in the country will follow in this commitmentspecifically in the popular segments of the so-called plastic money, where on average the interests are above 40 percent.(Also read: Bancolombia lowers interest rates on credit cards: this is the measure) They will be the only consumer credit rates that the banks will adjust, since in vehicle and free investment loans the interest they will lose highs due to the alerts…

The National Federation of Coffee Growers (FNC), in its session today, revealed the names of the seven applicants selected by the Steering Committee to continue with the process of electing the next general manager of the FNC. After the analysis of the 45 resumes, there are 6 men in the competition and only one woman. Between February 2 and 23, under the criteria and the profile agreed by the Committee, 45 applications were received, those that continue in the process are: Carlos Felipe Robayo Duque, César Augusto Echeverry Castaño, Germán Alberto Bahamón Jaramillo, Luis Fernando Mejía Alzate, Mauricio Velásquez García,…

A good pension reform involves achieving four objectives: more seniors with income in their old age (coverage); public resources for the most vulnerable (equity); a viable system for current and future older adults (sustainability) and finally, a pension amount that allows them to meet their needs (adequacy). However, studying the effect of a reform on each of these variables can be complex, and in the vast majority of cases the proposals on the table generate clashes between these objectives. Hence, the ideal to evaluate a pension reform is to measure its effect on pension savings as a percentage of GDP,…