Investments and Business

After approximately 5 years of being the CEO of Viva Air, Félix Antelo submitted his resignation and left arguing health problems, in the midst of the difficult financial situation that crosses this low-cost airline.As a result of this, the company had to ground five of its planes by order of their owner, in the midst of negotiations that were carried out to reach agreements for the debts.(Also read: Viva Air appoints Francisco Lalinde as interim president and CEO) In addition, he found himself in need of suspend 17 weekly flights leaving Cali to Cartagena, Santa Marta and San Andrés, since…

In six months, and with the arrival of President Gustavo Petro, businessmen have changed their minds about their intentions to continue investing in Colombia, not only because of the difficult macroeconomic outlook, but because of the moment of high uncertainty that the country is experiencing.A survey carried out by the National Association of Businessmen of Colombia (Andi) made it clear that now there are more companies that consider that the best thing to do is defer or discard your investments.(Also read: Grupo Nutresa earned some $883,000 million last year, 30.4% more than in 2021) Specifically, in August 2022, 47.1 percent…

Within the framework of the forum 'The State of the Nation, the Challenges of Colombia in Times of Change, organized by EL TIEMPO, the Universidad del Rosario and the Konrad Adenauer Foundation Julián Domínguez the President of Confecámaras, Bruce Mac Master, President of ANDI, María Claudia Lacouture, executive director of Amcham-Aliadas, and Sandra Forero Ramírez, former president of Camacol, spoke about the country's economic challenges with Miguel Gómez, dean of the Faculty of Economics at the Universidad del Rosario. According to the president of the industrialists, Bruce Mac Master, there is pessimism about the growth of the Colombian economy this…

Given the skyrocketing cost of credit in the country, where banks are charging interest rates close to 23 percent effective per year only for home purchases, according to recent figures from the Financial Supervision, Bancolombia announced this Thursday that it established a maximum rate for this credit segment of 14.15 percent effective per year. And if the credit is subsidized by the National Government, the rate will be almost 10 percent in the first years.(Also read: New consumer loans have 'cost' banks $1.1 trillion more) Juan Carlos Mora, president of Bancolombia. The ad did Juan Carlos Mora, president of the…