Investments and Business

Ecopetrol: reasons for the sharp drop in earnings for the first quarter of 2023 – Companies – Economy

Ecopetrol: reasons for the sharp drop in earnings for the first quarter of 2023 – Companies – Economy

The increase in the effective income tax rate prevented Ecopetrol's profits from growing, not only quarterly, but also annually. This is clear from an analysis carried out by the brokerage firm Casa de Bolsa, in which it even explains that despite the drop registered in the profits of the Colombian oil company in the first three months of the year (13.9 percent), the They exceeded the expectations that not only this firm had, but also the other market agents. (Also read: After the quarterly report, Ecopetrol shares fall in Colombia and New York) "If it were not for the increase…
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What is design in industry?  – Sectors – Economy

What is design in industry? – Sectors – Economy

Industrial design is a discipline that has become a key element for innovation and success in all sectors of the economy. According to a study by the Organization for Economic Cooperation and Development (OECD), industrial design is one of the activities that most contributes to the innovation and competitiveness of companies.From the design of products to the planning of production processes, those who dedicate themselves to this career are in charge of devising efficient and aesthetic solutions for the needs of companies. But it is not always clear about the implications of this profession in everyday life. In cell phones,…
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Ministry of Finance: interest rates could begin to drop in the second semester – Sectors – Economy

Ministry of Finance: interest rates could begin to drop in the second semester – Sectors – Economy

Now that inflation has begun to drop in Colombia, the Minister of Finance, Ricardo Bonilla, assured that a space is opening up to begin contemplating the possibility of decrease the interest rates of Banco de la Repúblicathat have been rising for more than two and a half years.The official stated that if it is possible to complete two or four months with a lower inflation rateThe issuer's board of directors could discuss the possibility of stopping interest rate hikes.(Read also: Negative inflation: what Petro said and the trill eliminated by the Presidency) In addition, in the second half of the…
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TGI net profit grew 94% in the first quarter – Companies – Economy

TGI net profit grew 94% in the first quarter – Companies – Economy

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