What direction will the dollar take after Gustavo Petro’s possession?

Yesterday, the President-elect, Gustavo Petro Urrego, who also received an exchange rate of over $4,337 after the Colombian currency devalued to $1,439 in the last four years. This, if one takes into account that on August 7, 2018, when Iván Duque began to govern, a dollar was worth $2,898. The arrival of the new president … Read more

Elon Musk’s Starlink satellite internet arrives in the country: Government authorizes operation

A new player of international weight will enter to compete in the telecommunications market, and provide internet services for Colombian users. This is the satellite internet company Starlink, owned by the controversial businessman Elon Musk, who has just received an operating permit from the Ministry of Information and Communications Technologies. The company of the richest … Read more

Petro affirmed that he was afraid to assume the Presidency and spoke of what his administration will be

There are less than two weeks left for the president-elect, Gustavo Petro, to take office as the new president of Colombians. Just before his inauguration event, the president-elect gave a brief speech at the Externado University, where he was honored as a graduate. At the event, Petro stressed that he feels almost the same fear … Read more

Who were the highest paid CEOs last year and how much did they earn?

According to a report released by the US trade union federation, AFL-CIO, CEO pay continues to exceed that of workers across the country. In the last 10 years, the salary of directors CEO in S&P 500 companies it increased by more than $540,000 a year, to an average of $18.3 million in 2021. Meanwhile, the … Read more

Banco de Occidente and Pichincha, those with the best CDT rates for 180 days

In the midst of the uncertainty that is currently being experienced due to inflation rates, the rise in the dollar, the conflict between Russia and Ukraine, the logistics crisis and others, the Certificate of Term Deposit or CDT is positioned as an investment option, given the lower risk they carry. According to a survey conducted … Read more

The economic slowdown would affect the finances of Chile and Colombia more strongly

Across the globe, there is already a perceived need to prepare for a recession, or at least a sharp slowdown in the economy. The signs of this event were expected after a “u” behavior of the Gross Domestic Product (GDP) of several economies, including a few countries in Latin America, one of the regions that … Read more

Due to increases in costs, the builders’ union asks to update budgets

The Colombian Chamber of Infrastructure, led by Juan Martín Caicedo, issued a statement on Tuesday in which it asked the contracting entities for works to update construction budgets before contracting, as well as implement strategies to “guarantee the successful completion of works in progress”. The reason why the union issued this statement is that the … Read more

This is what banks charge for making withdrawals and advances at ATMs abroad

Purchases abroad are increasingly common due to technological facilities and the growing use of cards credit and debit. If you are going to travel this season, for example, remember that these types of transactions are usually deferred for up to 36 installments, but customers must take into account the “fine print” of their bank, so … Read more