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Colombia Sets Minimum Wage For 2021
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.
Posted OnJanuary 19, 2021
Tag
//Iván Duque
US Development Finance Corporation Discusses Implementation Of US-Colombia Growth Initiative
Launched in August, the US-Colombia Growth Initiative is a bilateral framework to strengthen US-Colombia cooperation while leveraging the private sector and US Government tools and resources to create economic opportunity in rural Colombia.
Posted OnDecember 8, 2020
US State Department Urges: “Reconsider Travel To Colombia” Due To Worsening Conditions
US Department of State: Reconsider travel to Colombia due to COVID-19. Exercise increased caution in Colombia due to crime, terrorism and kidnapping. Some areas have increased risk. Read the entire Travel Advisory.
Posted OnOctober 30, 2020
While Asking For Government Bailout & Furloughing Thousands of Employees, Bankrupt Avianca Paid 7 “Insiders” Bonuses Of Over $10.3 Million USD
Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...
Posted OnSeptember 21, 2020
Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines
A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...
Posted OnSeptember 12, 2020
Former President Denounces Colombian Government For Colluding With Trump Re-Election Campaign
Former Colombian President & Nobel Peace Prize Winner Juan Manuel Santos has accused current Colombian President Ivan Duque's administration of unlawfully offering to interfere in the upcoming US Presidential Election on behalf of Donald Trump
Posted OnSeptember 10, 2020
Deadly Riots & Protests Against Police Brutality Break Out Across Colombia
Colombia suffered deadly riots as citizens took to the street to protest police brutality. In the latest incident, a law student was beaten & tasered to death in front of his apartment as friends and family looked on in horror. The attack was apparently unprovoked. Artwork...
Posted OnSeptember 10, 2020
Declan Ryan Says Viva Air Not Being Treated Fairly By Colombian Government: Exclusive Interview
Finance Colombia’s founder Loren Moss was able to connect with Viva Air’s Executive Chairman Declan Ryan to better understand the gap between what the Duque Administration has said, and what they are doing. Are investors being treated equitably?
Posted OnSeptember 3, 2020
Declassified US State Department Cables: “Uribe Almost Certainly Had Dealings With The Paramilitaries”
"The secret US Defense Intelligence Agency (DIA) list said Alvaro Uribe was 'dedicated to collaboration with the Medellin Cartel at high government levels' & was 'a close personal friend of Pablo Escobar' who had “worked for the Medellin Cartel." Declassified US Government...
Posted OnSeptember 2, 2020
Colombian Government To Loan $370 Million USD To Bankrupt Avianca
Colombia’s finance ministry over the weekend announced that it would provide an 18 month loan of up to $370 million USD to Avianca Airlines, currently in Chapter 11 proceedings in US courts. The financing would be provided under Avianca’s proposed Debtor In Possession (DIP)...
Posted OnSeptember 1, 2020
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