Bancolombia estimates Colombia's 2027 minimum wage would need to rise about 8.4%

FinanceColombiaRevista SemanaNov 9, 2026, 11:10 AMAI summary

Grupo Bancolombia warned that the timing is unfavorable for negotiating the 2027 minimum wage increase given the inflation trend, pressured by El Niño, the geopolitical situation and energy prices. According to its analysts, the increase would need to approach 8.4%: inflation near 6.3% plus at least two points of productivity. The wage negotiation table is scheduled to be installed on November 18 and DANE will publish productivity data at the end of that month.

In 40 seconds

Bancolombia calculates an increase close to 8.4%: inflation of about 6.3% plus at least two points of productivity.
The bank considers the timing unfavorable for the discussion due to upward inflation pressures.
The wage negotiation table will be installed on November 18 and DANE will release productivity data at the end of the month.

Read the full story at Revista Semana

IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.

salario mínimo
inflación
Bancolombia
empleo
Dane

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Cartagena's Nautical Festival expects to boost economy and jobs on November 13 and 14
The Nautical Festival on November 13 and 14 in Cartagena will boost the economy of families in the district's three localities, according to the Mayor's Office. The event will bring together tourist boats and cultural activities at Las Ánimas bay and Calle del Arsenal. Maritime transport companies are increasing hires of sailors, cooks, waiters and local artists. In 2025 it drew 120,000 attendees and 1,800 boats; for 2026 tourism companies reported tickets sold out a month in advance.
FinanceColombiaEl Universal (Cartagena)10:36 AMAI
Fenalco proposes a maximum 9% increase for Colombia's 2027 minimum wage
Fenalco, through its president Jaime Alberto Cabal, proposed that the 2027 minimum wage increase should not exceed 9%, based on the country's inflation and productivity. The proposal comes ahead of negotiations between the Government, business groups and labor unions, initially scheduled for November 25, 2026, though the Executive would consider moving them forward. Cabal questioned the methodology of the previous negotiation, which included the living wage concept and resulted in a 23% increase.
FinanceColombiaEl Tiempo9:56 AMAI
Eli Lilly says its Foundayo pill reduces sleep apnea severity
Eli Lilly said its obesity pill Foundayo significantly reduced the severity of obstructive sleep apnea in patients with obesity in a late-stage trial. The drugmaker plans to file by the end of the year for U.S. approval of the daily pill for moderate-to-severe sleep apnea in adults with obesity or who are overweight. Foundayo has been available in the U.S. since April and joins other GLP-1 treatments showing results in the condition.
FinanceInternationalCNBC9:30 AMAI
Goodyear CEO Mark Stewart steps down; Roger Wood named interim CEO
Goodyear Tire & Rubber announced that Mark Stewart is stepping down as CEO effective immediately. Board member Roger Wood will take over as interim CEO and president while the company searches for a permanent replacement as part of its strategic review. Stewart was hired in January 2024 to lead the transformation plan. Last week the company reported a 2.3% year-over-year decline in net sales and an adjusted net loss of $31 million in the third quarter. Its shares were down about 4% in early trading Monday.
FinanceInternationalCNBC9:29 AMAI

Bancolombia estimates Colombia's 2027 minimum wage would need to rise about 8.4%

In 40 seconds

Comments

Keep reading

Cartagena's Nautical Festival expects to boost economy and jobs on November 13 and 14

Fenalco proposes a maximum 9% increase for Colombia's 2027 minimum wage

Eli Lilly says its Foundayo pill reduces sleep apnea severity

Goodyear CEO Mark Stewart steps down; Roger Wood named interim CEO