Investments and Business

The Government will file on March 16 the pension reform bill that seeks to establish a pillar system in which Colpensiones and the fund administrators pension and severance funds (AFP) complement each other, rather than compete.The new system that has been discussed to date would be based on three pillars. The first of them is solidarity, since a basic income corresponding to half a current legal minimum wage would be given to all those people who do not manage to obtain a pension.(You can also read: Criticism for having to choose finalists for Fedecafé from the still secret list) The…

As of the second half of March, the interconnection of the transportation systems of Natural gas from the interior and the Caribbean coasta project developed by Promigás and TGI, a subsidiary of Grupo Energía Bogotá (GEB).The system debuts with the transportation of 7 million cubic feet of gas per day (mpcd), which will flow from the interior of the country (Campo Cusiana) to Ballena, using a counterflow enabled from Barrancabermeja to Ballena by TGI.(Also read: Does Colombia need to import gas from Venezuela? This is the real picture) Subsequently, with the connection of the TGI and Promigasthe gas will be…

On February 14, the Financial Superintendency of Colombia reported that 11.4 million Colombians had received resources corresponding to layoffs. (Layoffs increase market liquidity in the country). Seeking that workers make good use of this savings with purpose, the Future Pension and Severance FundThrough its Financial Education Academy of Savings program, it shares some recommendations that will allow you to get the most out of this savings and incorporate it into action plans to achieve financial goals.Use your severance savings to: 1Feeling safe and calm if you are unemployed, that is, if you are unemployed. This is the main reason why…

Bancolombia announced that it will lower, as of March 10, its interest rate for purchases made with Visa Clásica, Mastercard Clásica, American Express Blue, Mastercard Joven and Mastercard Ideal credit cards. (Read: Datacrédito: the three keys to get out of debt and avoid reports)According to the entity, customers with any of these cards will have an effective annual interest rate of 25 percentwhich is below the current maximum rate of 46 percent effective per year.The bank also points out that this benefit applies to customers with a quota of up to 3.9 million pesoswhich represents 50 percent of all Bancolombia…