Investments and Business

The few advances in some transmission projects and the non-completion of an electrical substation have Bogotá and Cundinamarca on the brink of a blackout.The warning was made by Belizza Ruiz, former Vice Minister of Energy, in a Facebook Live with EL TIEMPO. She also said that the Southwest faces the same risk because there are serious problems in some transmission lines.(Also read: Belizza Ruiz on Irene Vélez: "I would like a different person in Minminas") Was it responsible for Minister Vélez saying that there will be no new oil contracts based on a study with serious flaws? Beyond the responsibility…

The households that receive money orders from relatives who work abroad received almost five billion pesos more than what would have come to them if the peso had not weakened as it did in 2022.According to the Bank of the Republic, remittances broke their record for the eighth consecutive year, and 9,429 million dollars arrived in the country for this concept, an increase in dollars of 9.7 percent.(Also read: Dollar in Colombia: what is the reason for its downward trend?) But the harsh devaluation of the peso last year —which was concentrated in the second semester with 18 new dollar…

Another of Gustavo Petro's key reforms, the pension, progressed in its construction process, with the presentation of the proposals of the unions and of Asofondos and Fasecolda before the subcommittee defined by the Ministry of Labor. (See: Minhacienda rules out that Colpensiones can become a bank).The unions arrived with a list of 30 points, among which the strengthening of Colpensiones and the elimination of private funds stand out; an old-age income of one minimum wage for people over 65 years of age without the possibility of retiring, which is a position of the public administrator; and the increase in pensions…

The Ministry of Labor reported that it received, within the framework of the pension reform subcommittee made up of production unions, trade union centrals, the National Government and experts; the proposals of the unions and also of entities such as Asofondos and Fasecolda.(Read: Colpensiones closed 2022 with 1.57 million retirees). The Minister of Labor, Gloria Inés Ramírez, recalled that the initial proposal of the National Government is based on a system of pillars. A first pillar, with which a beneficiary is sought for nearly 4 million older adults who do not have the possibility of receiving a pension, who would…