Tag: Jaime Alberto Cabal

December failed to save trade sales in 2023

December failed to save trade sales in 2023

The most recent research from the Economic logbook by Fenalco shows that for 80% of entrepreneurs, turnover was comparable or decreased, compared to the same month of the previous year. After pointing out that there was a decline in sales over the twelve months, the chairman of Fenalco, Jaime Alberto Cabalemphasized that despite the festivities […]

“The government is deaf to the collapse of the economy”

“The government is deaf to the collapse of the economy”

Q. What is the shock plan you have proposed to the national government to improve the economy? R. Together with the Guild Council we have proposed some plans. Firstly, we are now seeing that government spending is not happening at the pace it should, but is also being focused on more social issues and subsidies. […]

Trade achieved the worst result of the year in October, Fenalco indicates

Trade achieved the worst result of the year in October, Fenalco indicates

For their part, the archives of the shopping centres on the income of consumers showed a decline of more than 12% in October, while the value of shop really with electronic money, especially with Credit cardsit is reduced. Semi-durable and durable goods suffer from a real problem to collapseonly comparable to the worst moment of […]

Trade increases sales expectations for love and friendship

Trade increases sales expectations for love and friendship

Two dates determine sales merchants in Colombia: Mother’s Day and day of love and friendship. Regarding this last date planned by the sector for the following weekends of September, Fenalco her research shows that for every 100 Colombians, 84 will celebrate the day, indicating an increase of 5% of the population compared to 2022. As […]

Business sales deteriorated in April and expectations for 2023 have been revised downwards

Business sales deteriorated in April and expectations for 2023 have been revised downwards

Similarly, business expectations do not offer the best outlook for the rest of the year. 78% of those surveyed believe that the situation will remain the same or will worsen. Only 22% say it will get better (in March this was still 27%). “These numbers are real worrisomeyou start to feel stronger inflationthe high interest […]

First quarter trade sales were bad: Fenalco

First quarter trade sales were bad: Fenalco

According to the survey, for 77% of traders, in last month their sales were equal to or lower than those recorded in the same period of the previous year, while only 23% stated that their sales had increased. According to the merchants’ association, the situation was more difficult for segments such as clothingwho, given the […]

84% of Colombians want VAT-free days to continue: Fenalco

84% of Colombians want VAT-free days to continue: Fenalco

When asked “Do you agree that next year there will be two day shifts without VAT, as suggested in the discussions on the tax reform?” 84% of those surveyed answered in the affirmative, 9% said no and 7% declared themselves ‘indifferent’. The president of Fenalco, Jaime Alberto Cabalpointed out that the survey found that “Colombians […]

Fenalco reported a slight decline in commercial activity in July

Fenalco reported a slight decline in commercial activity in July

Although for 77% of Colombian entrepreneurs their July sales volumes were higher or comparable; 23% of traders reported a decline in business activity. This was announced by the National Federation of Traders (Fenalco) through its July economic blog. “The balance of responses is the lowest since January this year. According to well-known spokespersons for the […]

Fenalco proposes to increase the June premium to take advantage of the VAT-free Day

Fenalco proposes to increase the June premium to take advantage of the VAT-free Day

for those Colombians take advantage of the Day without VAT which will take place next Friday, June 17, the National Federation of Traders (Fenalco) has requested the central government to advance the payment of the half-year bonus to employees. This proposal was made by means of a letter addressed to the finance ministers, Jose Manuel […]

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