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Business

Colombia govt raises gas prices for September
Sep 1, 2014 Ξ Comments are off

Colombia govt raises gas prices for September

posted by Samuel Moldovan

Colombia’s Ministry of Mines and Energy raised the price of a gallon of gas .04% for September, fixing the Bogota reference gas price at $4.55 per gallon, according to a report  Full Article »

Business

Colombia Central Bank raises rates for 5th month in a row to 4.5%
Aug 29, 2014 Ξ Comments are off

Colombia Central Bank raises rates for 5th month in a row to 4.5%

posted by Samuel Moldovan

Colombia’s Central Bank, Banco de la Republica, announced on Friday a benchmark interest rake hike of .25% for the fifth consecutive month in a row, bringing the rate to 4.5%.

Business

Colombia cement company receives prestigious Social Responsibility Award
Aug 29, 2014 Ξ Comments are off

Colombia cement company receives prestigious Social Responsibility Award

posted by Samuel Moldovan

Cement company Argos became the first national business in Colombia’s history to win the prestigious Social Responsibility Award, recognizing the company’s “successful implementation of activities that generate positive effects in society, the economy,  Full Article »

Business

Colombia agriculture exports could expand to include Russian market
Aug 29, 2014 Ξ Comments are off

Colombia agriculture exports could expand to include Russian market

posted by Gabrielle Mentjox

The Colombian government is exploring ways to reduce the cost of agricultural inputs, which currently represent 30% of expenditures in the agricultural sector, and 50% of livestock, local media reported Thursday.

Business

Colombia company fined for false advertising in gender prediction test
Aug 26, 2014 Ξ Comments are off

Colombia company fined for false advertising in gender prediction test

posted by Matt Sterne

Percos SA, a company that sells a product used to determine the sex of babies, has been fined  $48,000 for spreading “misleading information,” according to Colombia’s Superintendent of Industry and  Full Article »

Business

Stronger dollar and lower oil investment bring Colombian peso to weakest level in four months
Aug 25, 2014 Ξ Comments are off

Stronger dollar and lower oil investment bring Colombian peso to weakest level in four months

posted by Samuel Moldovan

Rising demand for US dollars and lower levels of investment inflow to the oil sector have brought the Colombian peso to its weakest level in four months.

Business

Colombia’s EcoPetrol stock price falls 46% from 2012 peak, 13% on year
Aug 25, 2014 Ξ Comments are off

Colombia’s EcoPetrol stock price falls 46% from 2012 peak, 13% on year

posted by Samuel Moldovan

Colombia’s largest oil producer, government-owned Ecopetrol, has seen its stock price depreciate 46% since its peak in 2012 and 13% since August 2013 due to pipeline disruptions, community protests, and declining  Full Article »

Business

Colombia telecom market shaken up by major merger, investment
Aug 21, 2014 Ξ Comments are off

Colombia telecom market shaken up by major merger, investment

posted by Christoffer Frendesen

Telecom companies Tigo and Une announced a merger on Tuesday, and Avantel reported that it is investing $250 million to join the 4G club.

Business

Banks gear up to pressure Colombia’s govt to end ‘always changing’ tax reform
Aug 21, 2014 Ξ Comments are off

Banks gear up to pressure Colombia’s govt to end ‘always changing’ tax reform

posted by Samuel Moldovan

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.”

Business

Oil exploration bottlenecks put Colombia’s fiscal stability on the line: Industry leader
Aug 21, 2014 Ξ Comments are off

Oil exploration bottlenecks put Colombia’s fiscal stability on the line: Industry leader

posted by Samuel Moldovan

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 »