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%.
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 »
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.
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 »
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.
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 »
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 »