Investments and Business

Colombian cardholders are moving more each day with the monthly payment of their credit cards, among other financial obligations. Until last April they had arrears (more than 30 days) for more than 3.1 trillion pesos83 percent more than the balance in arrears registered a year ago. This shot in late payments, which leaves the indicator for card arrears (8.45 percent) among the highest for consumer loans, It has the alerts turned on in the emitters of plastics that they are taking measures to stop this situation, which forces them to raise the provisions on that poor quality portfolio.The figures are…

According to figures from the Bank of the Republic, during the first quarter of this year the remittances that Colombians and other citizens sent to the country totaled US$2,475 million, a figure that represented an increase of 34.2 percent compared to what had arrived in the same period of 2022. From the United States, 53 percent of these resources arrived with US$1,326 million, which has meant an increase of 27.7 percent compared to the first quarter of 2022, when a total of US$1,038 million was sent from that destination, with which it was the country that grew the most in…

The buying a house in colombia has remained downward since 2022. According to data from the Colombian Chamber of Construction (Camacol)Only in April 2023, the sale of new housing in the country had a drop of 62%. Despite the situation, if you find yourself wanting to purchase a new property, Keep in mind the following aspects of the real estate market.(What the country would lose in labor productivity due to droughts). Cheaper new apartmentsIn the country there are three categories for new housing: Priority Interest Housing (VIP), Social Interest Housing (VIS) and without VISwhich differ in their value and offer…

According to Jared Kim, president of LG in Colombia, in the first four months of the year, the company reports a 30 percent growth in its sales, with a recovery in the premium segment. How do you analyze the Colombian market in these first months of the year?LG Electronics has been present in Colombia for 23 years and the brand has always seen the country as a land full of opportunities. Regarding the general panorama in Colombia, we have reported the impact that the country's economy (and Latin America) has suffered due to high inflation, which led to a slowdown…