Investments and Business

A mission of the International Labor Organization (ILO) I came to Colombia to analyze them country's pension problems and give recommendations for the reform that the Government wants to present on March 16.These suggestions will be presented next Monday to the tripartite subcommittee, that is, to the production unions, the labor unions and the government entities that are building the bill.(You can also read: The reforms proposed by the National Development Plan) Among the organization's recommendations is the construction of a structural reform to the pension system that allows attacking the problem of inequality and competition. “We have identified some…

The Compulsory Traffic Accident Insurance (Soat) would take a new turn, in accordance with what is embodied in the National Development Plan that the government of Gustavo Petro presented for discussion and approval in the Congress of the Republic. The adjustments began in 2022 when to combat tax evasion a 50 percent cost discount was implemented for 14 categories of vehiclessuch as buses, inter-municipal service cars, business cars, mopeds, motorcycles with a cylinder capacity between 100 and 200 cc, among others.According to figures from the Federation of Colombian Insurers (Fasecolda), between December 19, 2022 and January 18, 2023, the sale…

Both Avianca and Viva Air have mentioned on multiple occasions that the only option that exists to save the budget airlines it is through business integration that requests Aerocivil.However, and to the surprise of these two airlines, in the last few hours it was learned that JetSmart Airlines is willing to enter into negotiations to acquires 100 percent of the shares of Vivabecause it considers that it has the "resources, capacity and experience to negotiate and close an acquisition in an agile manner".(Also read: JetSmart wants to buy all the shares of Viva Air: this is the proposal) "Since our…

The covid-19 pandemic is among the main reasons why people in Colombia today are taking more insurance, especially to protect their lives against eventual contingencies that may arise. Only at the end of last year, some 25 million people in the country had one of these policies with different coverages, according to the Federation of Colombian Insurers (Fasecolda).(Also read: This is the Government's strategy to achieve greater financial inclusion) The demand for these life insurance policies grew last year by close to 5 percent in real terms per year, after the premiums went from 8,682 million pesos in 2021 to…