Monday, March 20, 2023

Moody’s Affirms Baa2 Credit Rating for Colombia but Lowers Outlook to Negative

Big three credit rating agency Moody’s Investors Services today affirmed it Baa2 sovereign rating for Colombia but lowered its outlook from stable to negative. The...

Ecopetrol Adds 2,800 Barrels Per Day to Oil Production with Three New Wells

State-controlled Colombian oil company Ecopetrol has confirmed three new successful wells in northwest Colombia, the Bogotá-based firm announced this week. The wells are held jointly...

Banco Colpatria (Spanish only), a division of Scotiabank Colombia SA, last week acquired the small-business and consumer operations, including credit cards, of Citibank Colombia,...

Canadian Capital Fuels Colombian Cannabis Boom

(Ozy.com) Decades have passed since the bulk of marijuana cultivation in the Americas shifted from Colombia up to Mexico. But the tides are turning...

Court Rules Against Uber and its 83,000 Drivers

Colombia’s Constitutional Court has ruled against Uber with a verdict that affects 83,000 drivers affiliated to the technology platform. The decision follows a similar...

Low Productivity: the Elephant in the Room in Colombia’s Minimum Wage Debate

Negotiations on the minimum wage in Colombia are fast approaching. On the one hand, unions will demand an increase above inflation to safeguard their...

Colombia’s Coffee Output, Exports To Hit 25-year High

Colombia’s recovery in coffee output, and exports, will progress faster than had been thought this season, US officials said – but on an assumption...

Colombia: Is Cocoa The New Cocaine?

38,000 Colombian families will now work together as a new company called María del Campo, which will operate under a similar business model of...

Canada, Australia, New Zealand, Singapore Begin Free-Trade Negotiations with Pacific Alliance in Colombia

On Monday, in the city of Cali, Canada began the first round of formal negotiations to forge a free-trade agreement with the Pacific Alliance....

Avianca In A Battle For Supremacy Of South America’s Skies

Over the past couple of decades, consolidation and bankruptcies have reshaped the airline industry in North America. Historic brands such as TWA, Continental, Northwest,...

Colombia’s President Santos Admits that His Government Has Run out of Money

The Colombian Federation of Education Workers began a strike this week in hopes of improving wages and bonuses for educators, but Colombia President Juan...

Banco de Bogotá launchs chain of supermarket mini-branches

  Banco de Bogotá has partnered with Colombian supermarket chain La 14 to install correspondent banking locations within its stores. Each point of service, known locally as a “corresponsal,” will...

Trump ‘Aims To Slash Aid to Colombia’

  US President Donald Trump has proposed US Congress to cut economic aid to Colombia by 21.1% from $133 million to $105 million, according to Foreign...

Cali and Bogota Rank Among Top Five Places to Buy Real Estate Overseas

TODAY COLOMBIA - In its annual outlook, a Panama-based publication recently ranked the best global locations to buy real estate this year, and two...

Hilton Medellín Hotel Planned to Open in Colombia’s Second City in 2019

TODAY COLOMBIA - Hilton has partnered with Colombian construction company Constructora Colpatria on a franchise license agreement to build the new multi-million hotel Hilton Medellín....

Amazon Web Services Opens Office in Bogotá

TODAY COLOMBIA - Amazon Web Services has opened its first office in Bogotá. This makes Colombia home to another Latin American office established by...

Colombia, Central America and the needle trade

TODAY COLOMBIA - Two Colombian textile and apparel sector companies are expanding in Central America, with the expectation of creating some new 1,700 jobs,...

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Security measures in place after death threats to left-wing politicians

Colombia’s Ministry of Internal Affairs announced Monday that additional...

Security measures in place after death threats to left-wing politicians

Colombia’s Ministry of Internal Affairs announced Monday that additional...

Security measures in place after death threats to left-wing politicians

Colombia’s Ministry of Internal Affairs announced Monday that additional...