IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.03% USD/MXN17.48▲ 0.30% USD/CLP924.00▼ 0.22% USD/COP3,227▼ 0.13% USD/PEN3.39▲ 0.20% USD/ARS1,475▼ 0.03% USD/UYU40.18▲ 1.61% USD/PYG6,030▲ 1.78% USD/BOB10.63▲ 4.17% USD/DOP58.42▲ 1.68% USD/CRC447.87▲ 1.83% USD/GTQ7.62▲ 2.69% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▼ 0.05% BRENT 85.99 ▲ 2.09% WTI 80.19 ▲ 1.57% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.33% GOLD 3,997 ▲ 0.28% SILVER 55.58 ▼ 0.58% SOY 1,196 ▲ 0.04% CORN 463.25 ▲ 4.93% WHEAT 677.75 ▲ 0.44% COFFEE 314.35 ▼ 2.16% SUGAR 14.66 ▲ 1.52% ORANGE JUICE 134.95 ▼ 2.81% COTTON 78.07 ▲ 0.49% COCOA 5,678 ▲ 8.86% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 63,072 ▼ 1.13% ETH 1,835 ▼ 1.53% SOL 74.74 ▼ 0.71% XRP 1.08 ▼ 0.20% BNB 562.92 ▼ 1.62% ADA 0.16 ▼ 0.11% DOGE 0.07 ▼ 0.62% AVAX 6.48 ▼ 0.41% LINK 8.19 ▼ 1.74% DOT 0.85 ▼ 0.32% LTC 44.31 ▼ 1.41% BCH 221.47 ▼ 0.06% TRX 0.32 ▼ 0.13% XLM 0.18 ▼ 0.71% HBAR 0.07 ▼ 0.73% NEAR 1.92 ▼ 2.22% ATOM 1.50 ▼ 0.51% AAVE 90.55 ▼ 0.64% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.50▲ 0.47% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.33▼ 0.04% USD/CNY6.77▼ 0.10% DAX 24,742 ▼ 0.70% CAC 8,306 ▼ 0.85% FTSE 10,547 ▼ 0.24% MIB 51,901 ▼ 0.90% IBEX 19,223 ▼ 0.42% STOXX 639.71 ▼ 0.62% EUR/USD1.14▼ 0.07% GBP/USD1.34▼ 0.75% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.17 ▲ 8.61% USD/CAD1.40▼ 0.09% US10Y 4.5690 ▲ 0.53% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.03% USD/MXN 17.48 ▲ 0.30% USD/CLP 924.00 ▼ 0.22% USD/COP 3,227 ▼ 0.13% USD/PEN 3.39 ▲ 0.22% USD/ARS 1,475 ▼ 0.03% USD/UYU 40.18 ▲ 1.61% USD/PYG 6,030 ▲ 1.78% USD/BOB 10.63 ▲ 4.17% USD/DOP 58.42 ▲ 1.68% USD/CRC 447.87 ▲ 1.83% USD/GTQ 7.62 ▲ 2.69% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.80% USD/TTD 6.75 ▲ 1.81% EUR/BRL 5.83 ▼ 0.05% BRENT 85.99 ▲ 2.09% WTI 80.19 ▲ 1.57% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.33% GOLD 3,997 ▲ 0.28% SILVER 55.58 ▼ 0.58% SOY 1,196 ▲ 0.04% CORN 463.25 ▲ 4.93% WHEAT 677.75 ▲ 0.44% COFFEE 314.35 ▼ 2.16% SUGAR 14.66 ▲ 1.52% ORANGE JUICE 134.95 ▼ 2.81% COTTON 78.07 ▲ 0.49% COCOA 5,678 ▲ 8.86% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 63,072 ▼ 1.13% ETH 1,835 ▼ 1.53% SOL 74.74 ▼ 0.71% XRP 1.08 ▼ 0.20% BNB 562.92 ▼ 1.62% ADA 0.16 ▼ 0.11% DOGE 0.07 ▼ 0.62% AVAX 6.48 ▼ 0.41% LINK 8.19 ▼ 1.74% DOT 0.85 ▼ 0.32% LTC 44.31 ▼ 1.41% BCH 221.47 ▼ 0.06% TRX 0.32 ▼ 0.13% XLM 0.18 ▼ 0.71% HBAR 0.07 ▼ 0.73% NEAR 1.92 ▼ 2.22% ATOM 1.50 ▼ 0.51% AAVE 90.55 ▼ 0.64% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.50 ▲ 0.75% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.33 ▼ 0.01% USD/CNY 6.7667 ▲ 0.05% DAX 24,742 ▼ 0.70% CAC 8,306 ▼ 0.85% FTSE 10,547 ▼ 0.24% MIB 51,901 ▼ 0.90% IBEX 19,223 ▼ 0.42% STOXX 639.71 ▼ 0.62% EUR/USD 1.1434 ▼ 0.09% GBP/USD 1.3440 ▼ 0.30% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.17 ▲ 8.61% USD/CAD 1.4031 ▼ 0.06% US10Y 4.5690 ▲ 0.53%
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Latin America Colombia

Petro Government Faces Third Major Reform Defeat as Colombian Senate Rejects Labor Bill

By · March 19, 2025 · 2 min read

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Colombia’s Senate Seventh Commission voted down President Gustavo Petro’s labor reform bill after five hours of debate. Eight senators opposed the legislation while six supported it, delivering the third major legislative defeat to Colombia’s first leftist president.

Labor Minister Antonio Sanguino immediately announced plans to issue nine presidential decrees to rescue key provisions of the failed reform. The government also continues developing a popular consultation where voters can directly approve reform elements, bypassing legislative roadblocks.

The defeated bill would have reduced the work week from 48 to 42 hours and increased compensation for Sunday and holiday work. It also aimed to formalize domestic, agricultural, and platform workers while strengthening collective bargaining rights.

Opposition senators cited a Central Bank report claiming the reform would eliminate over 400,000 jobs. Senator Honorio Henríquez called it “a lethal blow to employment” that would harm companies generating 80% of national jobs.

Minister Sanguino disputed these figures, insisting the reform would create 91,000 new jobs annually. He maintained the legislation would not impact fiscal frameworks or public employment.

Petro Government Faces Third Major Reform Defeat as Colombian Senate Rejects Labor Bill
Petro Government Faces Third Major Reform Defeat as Colombian Senate Rejects Labor Bill. (Photo Internet reproduction)
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Petro took office in August 2022 with an ambitious agenda to transform Colombia‘s economic structures. His administration secured minimum wage increases and pension reforms but failed to advance health, tax, and now labor initiatives.

Colombia’s Government Faces Internal Strife

The government coalition has fragmented due to ideological differences and corruption scandals involving cabinet members. Though leftist parties hold their highest-ever number of legislative seats, they lack the majority needed to pass legislation independently.

Interior Minister Armando Benedetti said officials have drafted eleven referendum questions so far. These will likely address overtime pay, working hours, and holiday compensation rules.

Thousands of government supporters gathered in Plaza Bolívar during the Senate debate to back the reform. Meanwhile, opposition demonstrations have drawn tens of thousands protesting Petro’s economic policies in recent months.

Colombia’s Ombudsman’s Office had urged the Senate to continue debating the bill, citing its importance for worker protections. The legislation aimed to reverse neoliberal policies implemented by former administrations while incorporating international labor standards recommended by the OECD.

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