Investments and Business

The largest banks in the world in 2023 – Business – Economy

The largest banks in the world in 2023 – Business – Economy

The rise in interest rates and the banking situation at the beginning of the year have generated economic uncertainty among those seeking to invest, being the bankruptcy of some banks the main factor that generates anxiety. Although all the considerations are valid and it is a fact that the world economic situation is delicate, the truth is that some financial entities have presented good results in the first quarter of 2023. (Read also: Labor reform: the paper for the first debate in Congress was filed) Every quarter, banks present a financial report on the total or net profits they had…
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Driver’s license renewal: this is how you can carry out the process – Personal Finance – Economy

Driver’s license renewal: this is how you can carry out the process – Personal Finance – Economy

The driving license is a public document, of a personal and non-transferable nature, which is valid throughout the national territory. Four million driving licenses are pending renewal, a process that drivers will have to carry out before June 20Therefore, the Ministry of Transport has emphasized the importance of renewing the document as soon as possible. “Encourage the renewal of licenses in the country. Today we are in a critical situation because until June 20 (...) we have the obligation of citizens who have not renewed their license today”, highlights Carlos Eduardo Enríquez, Vice Minister of Transportation.It should be remembered that…
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Digital payments cut the advantage of cash in Colombia – Financial Sector – Economy

Digital payments cut the advantage of cash in Colombia – Financial Sector – Economy

Digital payments are adjusted by shortening the distance compared to the use of cash. According to CredibanCo, one of the low-value payment systems operating in the country, in the first four months of this year, a turnover of 29 billion pesos occurred through the so-called digital payments in businesses, which represented a variation of 20 percent compared to the same period of the previous year, with the average 'ticket' being 153,000 pesos. (Also read: New home sales in Colombia continue in free fall; they fell 62% in April) During this period, credit card payments increased by 28 percent, which represented…
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Colsubsidio joins the price reduction and decreasing the value of more than 400 products – Companies – Economy

Colsubsidio joins the price reduction and decreasing the value of more than 400 products – Companies – Economy

Colsubsidio Markets Consistent with the country's economic situation and with the objective of containing the increase in inflation, it announced the reduction in prices for more than 400 products of the basic family basket that are part of its portfolio.(You may be interested in: Great discount war: chain stores lower prices; we tell you about the offers) Within the references, Colombians will be able to find their own brand products, such as leading brands in the market. Through its 104 points of sale concentrated in the central zone of the country (Bogotá, Cundinamarca, Meta and Eje Cafetero), Mercados Colsubsidio has…
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