Investments and Business

The Quarterly Report on Financial Inclusion of Banca de las Oportunidades as of September 2022 revealed that the number of adults with at least one deposit or credit financial product reached 34.5 million, which corresponds to 92.1 percent, with an increase of about 300,000 people compared to June last year.In terms of use, the percentage of adults with an active financial product rose from 76.9 to 77.7 percent between June and September 2022. This implies that 29.1 million adults have at least one of these products active at the end of the third quarter of 2022.(Also read: Credit cards: why…

The Minister of Transportation, Guillermo Reyes, and representatives of drivers and users of mobility applications, together with José Daniel López -the leader of Alianza In, their union-, will remain to install a work table and advance in the construction stage of the bill that seeks to regulate the applications In colombia. According to Reyes, the bill that was in progress in the Transportation Superintendency is suspended and "only one will be filed until a dialogue is carried out by all parties," said the minister.(Furthermore: Petro questions whether the app drivers' protest was due to false information)The meeting that took place…

The Federal Reserve (US central bank) Wednesday increased its reference rates by a quarter of a percentage point, and announced that it expects new increases after this eighth consecutive rise, in a context of inflation that is moderating "but remains high." Fed rates have now reached a range of 4.50 and 4.75 percent.(Also read: Banco de la República completes its 12th rate hike and takes it to 12.75%) "Recent indicators show a moderate growth in expenses and production," remarked the Fed Monetary Policy Committee (FOMC) in a statement after two days of meeting, the first of the year. "Inflation moderated…

The Mining and Energy Planning Unit (Upme) assured that no risk of blackout in the short term by the state of the electrical system of the area called Centro Oriental, within which the city of Bogotá is included.This clarification comes after the former Vice Minister of Energy, Belizza Ruiz, warned of this risk in an interview with EL TIEMPO, which was confirmed by Enel Colombia and Grupo Energía Bogotá (GEB).(Also read: GEB and Enel confirm risk of blackout in Bogotá due to opposition to key projects) Upme explained that the Central Eastern area is made up of the networks of…