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Colombian Central Bank Sticks to 3% Inflation Target Rate
In mid-November, the Banco de la República forecasted inflation to end both 2018 and 2019 at 3.3%.
Posted On December 2, 2018
Economy
Banking
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Fitch Ratings Affirms Rating for Bancóldex at BBB with a Stable Outlook
Bancoldex's "ratings and outlook should move in, line with any potential change in Colombia's ratings," said Fitch.
Posted On November 16, 2018
Securities, Equities, M&A
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Frontera Energy to Pay Dividend of $0.33 CAD on January 17
All shareholders of record at the close of business on January 3 will be eligible to receive the dividend.
Posted On December 14, 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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Arrow Exploration Corp. to Offload Partial Interest in VMM-2 Oil Block in Middle Magdalena Basin
Arrow Exploration will bring in $5 million USD by selling a 46.9% interest in what it refers to as the the "deeper section" of the block and a 20% interest in the "shallow section."
Posted On December 10, 2018
Government & Diplomacy
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Medellín Will Host General Assembly of the Organization of American States in June 2019
Medellín will play host to the 2019 General Assembly of the Organization of American States (OAS), the hemisphere-wide non-governmental organization announced this week. The...
Posted On November 30, 2018
Startup & Growth
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USAID to Host ‘DataJam’ Challenge in Cali to Develop Security Solutions
The competition will take place over 27.5 hours as participants race come up with open-data-based solutions to "citizen security" challenges.
Posted On November 26, 2018
Law & Justice
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Ex-Chilean President Ricardo Lagos on Regulation: “It Is Possible to Take a Different Approach to Drugs”
"There has been a lot of progress," said Lagos. "In Chile, the fact that [legalizing] the personal consumption of medicinal cannabis is being discussed is a sign of progress."
Posted On December 11, 2018
Sponsor
Trade, Commerce & Retail
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Havaianas Is Expanding in Colombia with New Stores and Local Presence
The expansion has included new stores in Cartagena and Barranquilla on the Caribbean coast in addition to the October launch of a location in Bogotá's Andino mall.
Posted On December 4, 2018
Transportation & Tourism
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At Least 13 Killed in Western Colombia After Crash of Bus Carrying Basketball Team
Multiple teenage players were killed in the accident as well as one three-year-old boy, according to Colombian newspaper El Tiempo.
Posted On December 10, 2018
Colombian Peso Exchange Rate
