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Business

Colombia has not fulfilled labor reform obligations: US congressman
Oct 21, 2014 Ξ Comments are off

Colombia has not fulfilled labor reform obligations: US congressman

posted by Adriaan Alsema

Colombia has yet to comply with a series of labor reforms that were required by US Congress to allow a bilateral free trade pact, US Congressman Jim McGovern (D-MA) said Tuesday.

Business

Colombia’s ‘Marshal Plan for Peace’ begins to take shape
Oct 21, 2014 Ξ Comments

Colombia’s ‘Marshal Plan for Peace’ begins to take shape

posted by Samuel Moldovan

Colombia’s courtship of foreign investment to finance its redevelopment after 50 years of civil war has begun to pay off as several European countries and organizations are committing funds to the effort.

Business

Colombia has complied with US trade pact labor reforms: Minister
Oct 21, 2014 Ξ Comments are off

Colombia has complied with US trade pact labor reforms: Minister

posted by Samuel Moldovan

Colombia has complied with a variety of labor reforms that were required by US Congress to allow a bilateral free trade pact, the South American country’s labor minister said in Washington.

Business

Colombian power company dives as Ecopetrol ponders selling stake
Oct 16, 2014 Ξ Comments are off

Colombian power company dives as Ecopetrol ponders selling stake

posted by Samuel Moldovan

Colombian power transmission company Interconexion Electrica SA ESP (ISA) fell almost 50% on fears that state-owned oil giant Ecopetrol might sell its $252 million stake in the company.

Business

Colombia industrial production and sales rise from internal demand
Oct 16, 2014 Ξ Comments are off

Colombia industrial production and sales rise from internal demand

posted by Samuel Moldovan

In the first six months of 2014, industrial production and sales rose in Colombia by 1.7% and 2.3%, respectively, buoyed by strong internal demand inside Latin America’s fastest growing economy.

Business

Colombia looks to triple energy reserves with fracking industry
Oct 16, 2014 Ξ Comments

Colombia looks to triple energy reserves with fracking industry

posted by Samuel Moldovan

Colombia is looking to natural gas and fracking as a means to increase its energy reserves and preserve the dominance of its hydrocarbon sector in the economy.

Business

Colombian tax reform gets praise from IMF
Oct 14, 2014 Ξ Comments

Colombian tax reform gets praise from IMF

posted by Samuel Moldovan

The IMF praised Colombia’s progressive tax overhaul, widely labeled as the “wealth tax,” as its representatives met with Finance Minister Mauricio Cardenas in Washington earlier this week.

Business

Where does Bogota think it can obtain $7.5B for its metro plans?
Oct 14, 2014 Ξ Comments are off

Where does Bogota think it can obtain $7.5B for its metro plans?

posted by Samuel Moldovan

The $7.5 billion price tag put on Bogota’s planned first metro line has spurred criticism as it is double the original expenditure and neither Colombia capital’s or national government know how exactly they plan to  Full Article »

Business

Falling oil prices threaten Colombian economy
Oct 9, 2014 Ξ Comments

Falling oil prices threaten Colombian economy

posted by Samuel Moldovan

With oil accounting for more than 67% of total Colombian exports in 2013, falling market prices and production threaten the Colombian economy.

Business

Colombia and Panama look to settle tax haven agreements
Oct 9, 2014 Ξ Comments are off

Colombia and Panama look to settle tax haven agreements

posted by Samuel Moldovan

After declaring Panama a “tax haven” for its failure to sign an agreement on the exchange of tax information, finance ministers from both countries met in Washington this week to  Full Article »

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