Investments and Business

On the afternoon of this Monday, the first large ship arrived at the port of Tumaco with a total of 1.26 million gallons of fuels in order to guarantee the supply in Nariño, which is practically isolated due to the closure of the Pan-American highway. After unloading, the ship will immediately return to the port of Buenaventura to carry out a new loading that takes 10 hours, which means that every three days there will be 1.5 million gallons in Tumaco for a total average of 500,000 gallons of fuel per day for the Colombian southwest. (Also read: The nine…

There is controversy in the Chancellery due to the dismissal of 170 civil servants after carrying out a merit contest of the National Civil Service Commission.According to the Union of Employees of the Ministry of Foreign Affairs (Semex), among those affected would be pensioners and heads of household.(You can also read: The biggest mergers and acquisitions deals of 2022) “Those who will be appointed are the product of a merit contest held in the previous government and all of them are welcome. The call is to respect the stability of pre-pensioners, heads of household and sick people," said the union.Faced…

Colombian businessmen will not have it easy this year either when it comes to obtaining financing for their projects and investments. High interest rates, runaway inflation and the imminent slowdown in the economy will prevent them from seeking resources not only with banks, but also through the capital market, which last year had the worst year in its recent history with an overwhelming drop in private debt issues.(Also read: Dollar traded this Monday at an average of $4,550.53, price from 4 months ago) Indeed, in 2022 there were only 16 issues of bonds and other debt securities worth 2.49 trillion…

The minimum wage had an increase of 16 percent for this 2023, reaching $1,160,000. In addition, the transportation aid increased by 20 percent, reaching $140,000, according to President Gustavo Petro in December 2022. In a study carried out by elempleo.com and the consultancy Talent Advisor, they indicated qualities are the best paid jobs in Colombia between 2022-2023. There, highlight that professionals in Bogotá earn an average of $160,000 more than those who work in Medellín and close to a million more than employees on the Caribbean Coast, so they will have the same educational level.After studying the salaries of different…