Displaying items by tag: reform

The Technology, Tourism and Investment Commission of the Legislative Assembly received an initiative presented by the Executive that contains reforms to the Banking Law, to develop the regulatory framework to promote and facilitate the establishment and operation of private investment banking within El Salvador's banking sector.

Published in Economy

Today, the heads of the Vice Ministry of Transportation and the Ministry of Public Works, Romeo Herrera, informed about the reforms made to numeral 4 of article 176 of the General Regulation of Traffic and Road Safety, with the purpose of clearing the roads immediately after a traffic accident.

Published in Breaking News

The deputies of the Municipal Affairs Committee approved a favorable opinion to make 45 amendments to the General Tax Law, with the purpose of improving tax collection in the 262 municipalities of the country. This money will subsequently be invested in works that will benefit the population.

Published in Economy

With 62 votes in favor, the deputies of the Legislative Assembly approved the reform of the Law Regulating the Deposit, Transportation and Distribution of Petroleum Products, in order to establish the universal filling system for gas drums, regulate and oversee the import and export, storage, transportation and commercialization of such products.

Published in Economy

The President of the Comisión Ejecutiva de Hidroeléctrica del Río Lempa (CEL), Daniel Álvarez, appeared at the session of the Economy Commission of the Legislative Assembly (AL), to talk about a possible reform to the Ley de General de Electricidad.

Published in Economy

The Treasury Commission issued a favorable opinion to reform the Ley de Creación del Fideicomiso de Recuperación Económica de las Empresas Salvadoreñas (FIREMPRESA), with the purpose of facilitating the delivery of the government subsidy to micro, small and medium-sized companies (MSMEs) as an aid before the increase of the minimum wage for one year.

Published in Finances

The deputies of Bancada Cyan, who are part of the Financial Commission, presented an initiative to reform the Ley del Historial Crediticio in order to protect the data of the users of the financial system and avoid abuses by credit bureaus.

Published in Finances

The president of Banco de Desarrollo de El Salvador (BANDESAL), Juan Pablo Durán, informed that next week will be submitted the reform for the subsidy to micro, small and medium enterprises (MSMEs) as part of the support before the increase in the minimum wage for 12 months.

Published in Finances

With the approval of the reform of Legislative Decrees 608 and 804, which were approved by the last Assembly, the Government is able to manage the funds for the complementary budget for this year's fiscal year, which will be used to attend the health crisis caused by Covid-19 and the reactivation of the country's economy.

Published in Finances