Business and Economy
Permanent Table for Labor Justice (MPJL) Pushes for 25% Minimum Wage Increase in El Salvador
SAN SALVADOR, El Salvador — The Permanent Table for Labor Justice (MPJL) submitted a proposal last Thursday to increase the minimum wage by at least 25%. The Permanent Roundtable for Labor Justice (MPJL) resubmitted its proposal to the National Minimum … Read more
President Bukele Proposes 12% Minimum Wage Hike in El Salvador Amid Rising Living Costs
SAN SALVADOR, El Salvador — President Nayib Bukele proposed a 12% increase in El Salvador’s minimum wage Friday, a long-awaited measure amid mounting pressure from civil society groups and rising household costs. “Today, we have sent the following proposal to … Read more
Port of Acajutla in Sonsonate: Playing a Strategic Role in El Salvador’s Trade and Economy
The Port of Acajutla is the principal industrial seaport of El Salvador, serving as a vital gateway for the nation’s maritime trade. It is central to the country’s economic development and global connectivity. Located in the Department of Sonsonate, the … Read more
Trump Announces New Tariffs, Including 10% on Salvadoran Imports
WASHINGTON — President Donald Trump announced a new round of tariffs on imports from various countries Wednesday, including a 10% tariff on goods from El Salvador. The announcement, made during a White House ceremony Trump called “Liberation Day,” is expected … Read more
Central Reserve Bank: El Salvador’s Foreign Direct Investment Declines by 10.9% in 2024
SAN SALVADOR, El Salvador – Net foreign direct investment in El Salvador fell by 10.96% in 2024, totaling $639.63 million, the Central Reserve Bank (BCR) reported. Net foreign investment declined by $78.7 million compared to 2023, signaling shifting economic trends … Read more
Digital Commerce Grows in El Salvador, but Fear and Cybersecurity Challenges Remain
SAN SALVADOR, El Salvador — According to CAMARASAL, the Technology Committee of the Chamber of Commerce and Industry of El Salvador, 22 percent of commerce in El Salvador is conducted digitally, signaling a growing shift toward e-commerce in the country. … Read more
Bitcoin Adoption in El Salvador: A Transformational Journey
El Salvador was the first nation in the world to adopt Bitcoin as legal tender in 2021. This bold move sparked global debate, with Bitcoin proponents heralding it as a revolution in global finance, while critics question the implications for … Read more