BOGOTÁ, Dec 30, 2025 (BSS/AFP) - Colombian President Gustavo Petro announced on Monday the country's minimum wage would increase by 23.7 percent starting in the new year, its highest raise in 25 years. The increase, coupled with the government's transportation subsidy, would take the monthly minimum wage from 1.6 million pesos ($422) to two million pesos ($520). Petro, Colombia's first leftist president, has overseen a series of minimum wage hikes since coming to power, including a 16 percent raise in 2023. Colombia's Ministry of Finance and Public Credit said Petro's administration has raised the minimum wage by 42.4 percent over the past three years. Roughly half of workers in Colombia, many of whom work informal jobs, make less than the minimum wage, according to Colombia's National Administrative Department of Statistics.

Source: Bangladesh Sangbad Sangstha December 30, 2025 02:52 UTC