Investments and Business

Banco de Bogotá, Deloitte and the Pontificia Universidad Javeriana launched the third edition of the program Best Colombian Companies (MEC) which seeks to support medium-sized companies so that they reach their maximum potential, through strategic support from qualified experts, who will allow them to identify business opportunities. (Also read: Bancos de Occidente and Bogotá, from Grupo Aval, joins the drop in interest rates) Companies interested in participating in this call must meet the following eligibility criteria: 1. Being a private Colombian company.2. Have sales and/or annual income between 16,000 million and 320,000 million pesos.3. Minimum operation of 5 years and…

Often people are looking for investment alternatives. The objective of "putting money to produce" is common and doubts about how to do it too. The collective investment funds They have become an increasingly popular option in this regard, as they allow interested parties to invest in a variety of assets, including stocks, bonds, real estate, to name a few. A collective investment fund (CIF) is any mechanism for saving and investing money or other assets, administrator for collective investment fund companieswhich means that there are several people in a portfolio of assets. One of the advantages of the mutual fund…

To finance the pensions paid to Colombians, high-paid workers make a contribution to the so-called Pension Solidarity Fund (FSP), a special account of the Colombian State linked to the Ministry of Labor.This money is intended to subsidize the pension contributions of population groups that due to their characteristics and socioeconomic conditions cannot make the full contribution in the contributory pillar, such as the self-employed, the unemployed, artists, athletes, people with disabilities, indigenous people, Afro-descendants, palenqueros and blacks, among others.(You can also read: Pension reform: 9 out of 10 contributors, forced to be in Colpensiones) In the draft of the pension…

The European stock markets closed this Wednesday with great losses, motivated by the collapse of the credit suisse bank, which revived fears about global financial stability, after the bankruptcy of the US Silicon Valley Bank (SVB). The Paris Stock Exchange lost 3.58 percent, that of Frankfurt 3.27 percent, that of London 3.83 percent, while Milan fell 4.61 percent and Madrid 4.37 percent. The European Banking Sector Index (Stoxx 600 Banks) tumbled nearly 7 percent.(Read also: 'AFP investments abroad earn more than those in the local market') Shares of Credit Suisse fell the most in its history on Wednesday, despite attempts…