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Tecnoglass posted a Q1 revenue record of $249M but net income fell 24% as US aluminum tariffs and Colombian wage hikes squeezed margins hard.

The move was so far overdue — and was so small — that it has been forgotten already. It is of course a welcome message, but isn't big enough to shock the economy into life.

The Colombian government has set minimum legal wages, transportation subsidies, and the integrated wage for higher paid employees for 2021, reflecting a 3.5% increase over 2020 levels.