Investments and Business

It is very common for emerging markets to have strong volatility with local currencies against the American dollarthe reference currency of the international market. In the specific case of Colombiathe North American currency has had a downward behavior in much of the first half of 2023, to the point that the currency closed the month of June below the barrier of 4,200 pesos.(Nequi's bet to be the first recipient of remittances).This situation can be seen as an opportunity to start investing and saving in dollars, because its low price can give a margin of maneuver to more people so that…

According to data from the Communications Regulation Commission (CRC) on the mobile telephone service during and the indicators of income, subscribers and minute traffic in the year 2022, the country already has almost twice as many cell lines as people. According to the report, at the end of last year, subscribers to the mobile telephone service exceeded 80 million, with an increase of 7.7 percent compared to the same period of 2021. But the income for this service decreased by 4.7 percent, reaching $574,000 million, while the number of minutes processed had a reduction of 17.5 percent, reaching 31.3 million.The…

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Gustavo Salazar is confident that his dream of having his own home will now come true. He says that last December the apartment for which he had waited so long was ready, but when he did not obtain the state subsidy for which he had applied, he saw how his hopes got out of hand. “I got really sick,” he says.Now the longing is back. The construction firm where he had initially reserved a place offered him space on a new project that should be ready in a few months. For this reason he aspires to get government support. “I…