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Joining the Big League: Colombia Admitted to OECD After Years Trying to Join Economic Club
“We are now part of the big leagues," said Colombian President Juane Manuel Santos.
Posted On May 25, 2018
Economy
Banking
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Bancóldex Says It Will Not Finance Public Transport Vehicles that Operate on Diesel
The decision "constitutes a reaffirmation of a policy in line with improving quality of life of our population," said Bancóldex head Mario Suárez.
Posted On May 20, 2018
Securities, Equities, M&A
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Bancóldex Issues $100 Million USD in Bonds to Finance Projects with Social Benefits in Colombia
Colombia’s Commerce Minister María Lorena Gutiérrez said last week that the issuance could be later be extended by another $35 million USD.
Posted On May 24, 2018
Insurance & Risk
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London Insurance Broker UIB Establishes Colombian Retail Arm UIB Seguros
This builds on the company’s already-established reinsurance business in the country, UIB Colombia.
Posted On April 8, 2018
Real Estate
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Study: Fatal Chirajara Bridge Collapse in Colombia Caused by Design Flaw
U.S. engineering firm Modjeski and Masters determined that a support pile that failed because of a design flaw.
Posted On April 28, 2018
Natural Resources
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Frontera Energy Closes on New $100 Million USD Credit Facility
Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."
Posted On May 22, 2018
Government & Diplomacy
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Hidroituango Dam Failure in Central Colombia Forces Evacuation of Thousands and Leaves Downriver Communities at Risk of Devastation
The failure of a massive, under-construction hydroelectric dam in Colombia has forced thousands of people to evacuate their homes.
Posted On May 21, 2018
Startup & Growth
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Bancolombia Launches Resource Platform for Small Businesses
The client portal was rolled out on May 15 to offer an overview of the available services offered to SMEs by Bancolombia and a library of informational resources.
Posted On May 19, 2018
Law & Justice
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Report: High-Ranking FARC Leader Under Investigation for Drug Trafficking
A bombshell report from the Wall Street Journal claims U.S. and Colombian authorities are investigating Iván Márquez.
Posted On April 29, 2018
Sponsor
Trade, Commerce & Retail
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Coming to South America: Ikea to Open Stores in Colombia, Chile, and Peru
Bogotá will be the first city in Colombia to receive an Ikea store, but that inauguration will come after an opening in Santiago that is scheduled for 2020.
Posted On May 23, 2018
Transportation & Tourism
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Avianca to Launch Flight from Bogotá to Munich in November
This will become Avianca's fourth direct route to Europe, adding to the current routes from Bogotá to Madrid, Barcelona, and London.
Posted On May 13, 2018
Colombian Peso Exchange Rate
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