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El Salvador guarantees energy for salvadorans in the face of "El Niño" Phenomenon
Written by Evelyn Alas
The Dirección General de Energía, Hidrocarburos y Minas (DGEHM) informs that El Salvador is guaranteeing the energy supply for Salvadorans, due to the "El Niño" phenomenon that keeps countries in the Central American region in crisis.
Salvadorans will continue to purchase gas cylinders at an affordable price
Written by Evelyn Alas
With 80 votes, the members of the Legislative Assembly reformed the Law Regulating the Deposit, Transportation and Distribution of Petroleum Products, so that the sale price of Liquefied Petroleum Gas (LPG) is not made arbitrarily.
Congressmen seek to guarantee gas price stability to the population
Written by Evelyn Alas
Given the variation of international oil prices, which generates an economic burden for the population, the Economy Commission approved a favorable opinion to reform the Law Regulating the Deposit, Transportation and Distribution of Petroleum Products, with the objective that the sale price of Liquefied Petroleum Gas (LPG) is not made arbitrarily.
Remittance flows to grow 1.4% in 2023 to reach US$656 million
Written by Evelyn Alas
Officially recorded remittance flows to low- and middle-income countries are expected to grow by 1.4% to US$656 million in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage increases for migrants, according to the latest Migration and Development Review published by the World Bank.
Remittances remain resilient, but are likely to shrink
Written by Evelyn Alas
Officially recorded remittance flows to low- and middle-income countries are estimated to grow by 1.4% to US$656 billion in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage gains for migrants, according to the latest Migration and Development Review released today by the World Bank.
68% of salvadorans surveyed will Celebrate Father's Day
Written by Evelyn Alas
The Defensoría del Consumidor presented thursday the results of the digital survey of habits and consumption preferences of salvadorans on Father's Day.
Salvadorans pay US$48.47 more for their food between 2021 and 2023
Written by Evelyn Alas
According to the Centro para la Defensa del Consumidor (CDC), in the basic food basket, 46% of the salvadoran population in urban and rural areas from january 2021 to april 2023, people have disbursed respectively, US$48.54 and US$48.41 more for the purchase of 22 food items.
Domestic food price inflation remains high worldwide
Written by Evelyn Alas
Information from the most recent month of World Bank data available (between january 2023 and april 2023) points to high inflation in most low- and middle-income countries, with levels above 5% in 70.6% of low-income countries, 81.4% of lower middle-income countries, and 84% of upper middle-income countries.
CABEI has earmarked more than US$1 billion for economic development in the country
Written by Evelyn Alas
The Central American Bank for Economic Integration (CABEI) has contributed 90% of the investment portfolio that has been executed in El Salvador in recent years.