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US$480 million to be invested in the execution of municipal works
Written by Evelyn Alas
The Central Government began to execute a total of US$1.51 billion for this first set of Economic Impulse initiatives. Within this package, US$480 million will be invested in the Dirección de Obras Municipales (DOM).
Recommendations for acquiring a financial product or service
Written by Evelyn Alas
When you go to buy a pair of pants or a pair of shoes, you probably go to several stores, compare prices, look at the product's features, and finally decide on the one you think best meets your needs. Well, you should follow the same process when you buy a financial product or service.
If you do not know how your Administradoras de Fondos de Pensiones (AFP) savings account payments are broken down, this article will explain it to you.
Treasury requests public utility corporations and foundations to file their income tax returns
Written by Evelyn Alas
The Ministry of Finance, through the General Directorate of Internal Taxes, urges corporations and foundations of public utility that are qualified as subjects excluded from the payment of Income Tax, in accordance with Article 6 paragraph c) second clause of the Tax Law in reference, to the following:
BCR affirms that IVAE grew 4.2% as of november 2021
Written by Evelyn Alas
The Banco Central de Reserva (BCR), informed through its twitter account that the Volume Index of Economic Activity (IVAE) grew 4.2% in november 2021, reflecting a dynamic environment for most services and trade activities.
ILO says Latin America and the Caribbean still needs to recover 4.5 million jobs
Written by Evelyn Alas
The economic growth recorded in 2021 was insufficient to recover the labor market in Latin America and the Caribbean, which two years after the onset of the crisis is experiencing high unemployment and the prospect of an increase in informality.
CABEI reaffirms support to salvadoran MSMEs with a new US$10 million disbursement to Banco Hipotecario
Written by Evelyn Alas
With the commitment to reaffirm its support to salvadoran micro, small and medium-sized enterprises in their economic reactivation after the crisis caused by the COVID-19 pandemic, the Central American Bank for Economic Integration (CABEI) made a new disbursement of US$10.0 million to Banco Hipotecario de El Salvador (BH).
From 300 to 1000 minimum wages will be the fine for loan sharks who charge more interest than permitted
Written by Evelyn Alas
The deputies of the Financial Commission presented three pieces of correspondence, in which they presented the initiatives to reform the Law Against Usury, the Civil Code and the Commercial Code.
CONFEPESCA affirms that fishing inputs have increased 25% and 35% in the country
Written by Evelyn Alas
Norberto Romero, president of the Confederación Salvadoreña Pesca Acuícola Agropecuaria de Pequeña Escala (CONFEPESCA), informed that fishing inputs have increased between 25% and 35%.