Reasons the US dollar stays below $4,000 pesos in Colombia

2025년 10월 29일 Carlos Ramírez

The US dollar has completed eight weeks without exceeding $4,000 pesos in Colombia, driven by global and local factors like the Federal Reserve's rate cut and increased dollar inflows. Analysts point to the DXY index's weakness and government operations strengthening the peso. This stability benefits imports and travel to the United States.

Hajj costs for 2026 lowered without reducing service quality

2025년 10월 29일 Raj Patel

Indonesia's House Commission VIII and the Ministry of Hajj and Umrah have set the hajj service cost for 2026 at Rp87.4 million per pilgrim, down about Rp2 million from the previous year. This reduction does not compromise service quality for pilgrims. Pilgrims pay Rp54.2 million directly, with the rest covered by hajj fund management.

Corporate crypto exposure becomes practical for public companies

Public company boards have long viewed corporate involvement in cryptocurrency as too volatile, complex, and unclear under U.S. accounting rules. However, recent changes by regulators and standard-setters have made crypto ownership more feasible for balance sheets under generally accepted accounting principles.

Bmv hits new record after fed decision

2025년 10월 29일 Juan Pérez

The Mexican Stock Exchange (BMV) hit a new all-time high above 63,000 points, driven by a 0.89 percent gain. Wall Street showed mixed results after the Federal Reserve's rate cut, with the Nasdaq reaching a new record. The Mexican peso depreciated slightly amid expectations of pauses in future cuts.

Austrac fines crypto ATM operator Cryptolink in scams crackdown

Australia's financial crimes regulator AUSTRAC has fined cryptocurrency ATM operator Cryptolink $56,340 as part of efforts to combat scams and money laundering. The action highlights growing concerns over crypto ATMs, which have been linked to significant losses for victims, including elderly Australians. While new restrictions were imposed in July, advocates continue to call for an outright ban.

Finance ministry introduces new VAT facilitations to support taxpayers

Minister of Finance Ahmed Kouchouk has issued two ministerial decrees introducing new facilitations for Value Added Tax (VAT) taxpayers, aiming to strengthen trust and partnership between the government and the business community. The first decree amends executive regulations of the VAT Law, while the second establishes a new accounting framework for contracting and construction agreements. These changes seek to simplify tax procedures and foster a transparent business environment.