Telecom companies Tigo and Une announced a merger on Tuesday, and Avantel reported that it is investing $250 million to join the 4G club.
Colombia’s banks will press the government to stabilize the country’s tax reform program, urging Colombian President Juan Manuel Santos to stop “changing the rules every 24 hours.”
The new President of the Colombian Petroleum Association warned on Thursday that Colombia’s fiscal stability will be jeopardized if oil exploration bottlenecks aren’t solved and the country runs out of Full Article »
Demand in Colombia for gasoline, lubricants and other oil products has spurred a trade deficit for country for the better part of 2014.
The general manager of the Central Bank of Colombia stated on Tuesday that he expects foreign investment to fall 5% by the end of 2014, faulting continued guerilla attacks on the country’s energy Full Article »
The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board members of the Colombian Central Bank said that he favored raising interest rates Full Article »
Colombia’s currency increasing value against the dollar makes it harder for local farmers to compete in foreign markets, reported Wall Street Journal.