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Colombia Ranked 105th in World on Economic Freedom Index
This is a fall from 2015, when Colombia ranked 103rd overall, and a substantial drop from its ranking of 84th in 2010.
Posted On November 8, 2018
Economy
Banking
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Scotiabank Named LatinFinance Bank of the Year; Bancolombia Takes Top Honors in Colombia
Scotiabank is the first Canadian bank to win the top award. Bancolombia beat out last year's winner Banco de Bogotá in the Colombian category.
Posted On November 13, 2018
Securities, Equities, M&A
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Fitch Ratings Assigns BBB Rating to Colombia’s $1.5 Billion USD in 2029 Bonds
Proceeds from the bond issuance will be used to fund liability management transactions and for general budgetary purposes.
Posted On October 10, 2018
Insurance & Risk
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SURA Rolls Out Underwriting, Analytics Software to Modernize ‘Aging Core System’
"We are able to simplify the underwriting process by automating manual processes, thereby increasing operational efficiency," said Valentina Sierra Toro of SURA.
Posted On November 11, 2018
Real Estate & Construction
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Bienes y Servicios International Secures $2.75 Million USD Loan from U.S. Lender Kennedy Funding to Develop Housing in Sincelejo
The loan — which is the first issued by Kennedy Funding to close in Colombia — will be used to purchase 17,000 acres of vacant land in the Sucre capital.
Posted On August 16, 2018
Natural Resources
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Frontera Energy Turnaround Continues with $45.1 Million USD in Net Income This Quarter
Frontera's oil-price hedges have now expired, and it believes that this will be a boon for future earnings as it tries to further move beyond its most trying financial times.
Posted On November 13, 2018
Government & Diplomacy
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Canada Opens New Visa Application Center in Cali
Canada will require all visa applicants to submit fingerprints by the end of the year and is opening offices across the world to manage the new protocol.
Posted On November 6, 2018
Startup & Growth
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Colombian Digital Lending Fintech Sempli Receives $5.7 Million USD in Funding from BID LAB, Oikocredit
"We have learned from our clients that responsible debt is crucial to enabling them to grow their operations consistently," said Esteban Velasco, cofounder of Sempli.
Posted On November 1, 2018
Law & Justice
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What Is Behind the Apparent Attempt to Squeeze Foreign Journalists out of Colombia?
EDITORIAL: In 2017 Colombia’s government signed a formal but controversial peace agreement with the country’s FARC rebel group. In the agreement, the government committed to...
Posted On September 3, 2018
Sponsor
Trade, Commerce & Retail
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Tailor Made in Medellín: Almacén y Sastrería Lord, an Iconic Colombian Suit-maker, Has Stood the Test of Time
"In the 1950s, customers going to a retail store had to wear a suit," says owner Hernando Castro. "People in the city used to dress up most of the time. But we get by. There...
Posted On November 6, 2018
Transportation & Tourism
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Aeroméxico to Begin Operating Seasonal Flight from Medellín to Cancún on November 17
The inaugural flight on the new route will take off on November 17 and tickets will continue being sold for weekend-only travel through April 28 of next year
Posted On November 8, 2018
Colombian Peso Exchange Rate
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