Economy

Oil: ACP hopes that the Government’s decision will not be final – Sectors – Economy

Oil: ACP hopes that the Government’s decision will not be final – Sectors – Economy

Francisco Lloreda, the president of the Colombian Association of Oil and Gas (ACP) spoke of the announcement of the Minister Delaware mines Y Energy, irene Velez, within the framework of the World Economic Forum in Davos (Switzerland), not to sign new oil and gas exploration contracts in Colombia and their effects on the country.(Also: Duque responds to Irene Vélez: 'stopping oil exploration is social suicide') What does industry contribute so much to GDP, in royalties and exports for the economy?The country depends on fuels derived from oil and gas for 99 percent. Without transition in the automotive fleet there is…
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Insurance and CDA: there is no relationship between these two – Sectors – Economy

Insurance and CDA: there is no relationship between these two – Sectors – Economy

On December 21 of last year, ASO-CDA (Association of Automotive Diagnostic Centers) and Fenalco filed with the Legal Secretariat of the Presidency of the Republic a document in which they ask to object for reasons of "unconstitutionality, inadmissibility and inconvenience" to the article by which this mandatory insurance was created, which was not discussed or occurred in the debates in the Chamber but which, according to the president of ASO-CDA , was introduced at the last minute by Senator Ana María Castañeda, rapporteur for the bill. (Keep reading: Driver rammed 2 motorcyclists in escape attempt; community confronted him.)For these procedural…
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Mechanical technical review: they will issue new insurance for simple crashes – Sectors – Economy

Mechanical technical review: they will issue new insurance for simple crashes – Sectors – Economy

A new controversy plagues the transport sector with the issuance of Law 2283 of 2023, which establishes a series of prerogatives for the development of the activities of the Transit Support Organizations (OAT), especially the Automotive Education Centers (CEA). ) ). However, in article 6 of the rule, There is a new requirement for Automotive Diagnostic Centers (CDA) that changes their rules of the game. In the law, Diagnostic Centers are obliged to grant, without extra charge, material damage insurance for private vehicles to those who carry out their mechanical technical inspection.“Automotive Diagnostic Centers (CDA) must take, with an insured…
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The United States has reached its debt ceiling.  And now that?  – Sectors – Economy

The United States has reached its debt ceiling. And now that? – Sectors – Economy

The United States achieved its current debt ceiling of 31.4 trillion dollars. Despite what it may seem, the situation is not new and that limit to the money that the country can legally borrow has been raised 78 times since the year 1960. So what happens now?"This letter serves to notify you of the extraordinary measures that the Treasury has begun to take today," wrote the US Treasury Secretary, Janet Yellento the leaders of both houses of Congress to explain how the Administration will try to avoid a default on the national debt in the coming months.(You can also read:…
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