Investments and Business

Grupo Aval closed its financial year in the first three months of this year with profits of the order of 425,100 million pesos, a result 37 percent higher than that registered in the quarter of 2022, by eliminating extraordinary expenses for the sale of BHI, indicated the organization's directives.(Also read: Digital payments continue to cut distance from the use of cash) These results represented a return on equity of 10.4 percent and on assets of 1.4 percent, they highlighted, while indicating that these figures occurred in an environment of slowdown in the Colombian economy."Grupo Aval to modify and keep its…

The presentation to initiate the discussions of the project of labor reforms It was settled this Wednesday in the Committee VII of the House of Representatives, after some last-minute setbacks in his presentation. And although most of the articles remained without major modifications, some issues were adjusted during, after the meetings with businessmen and the proposals received, the process of socialization in public hearings of this government initiative.(Also read: Labor reform: these were the last-minute changes in the Government's project) In addition to the key issues of this project, related to the night shift, the payment of Sundays, the working…

In 2019 the financial platform Nequi launched the 'Salvavidas' loanwhich aims to help customers who do not have a credit life, therefore, it is difficult for them to access a low amount of credit. (The most recommended to continue reading: What are the best options to recharge Nequi? Here are some of them).This loan may range from 100,000 pesos up to 500,000 pesos with the possibility of paying them within a maximum period of 30 days. To the surprise of Nequi's clients, on May 17 the platform made an update with which it informed about the characteristics of the loan,…

The cost of living for rent in Colombia is increasing this 2023. On average, for the first three months of the year, an annual variation of 7 percent for houses and 6.7 percent for apartments is recorded, doubling the variations of last year in residential real estate, according to a recent report from the specialized portal ciencuadras.com, which bases its figures on its own data, Economic Studies of Banco Davivienda, La Galería Inmobiliaria and El Libertador.(Also read: Labor reform: these were the last-minute changes in the Government's project) Although the variation continues below the maximum allowed for this year -13.12…