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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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Brian O’Neill Appointed as Executive Vice President at Inter-American Development Bank
O’Neill has some short-term experience with the IDB, serving as acting U.S. director for a five-month stint in 2008 during his time working for the U.S. Treasury.
Posted On December 20, 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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Colombia-Based Tecnoglass Announces Joint Venture with Saint-Gobain, New Glass Factory
Today, Tecnoglass Inc. (NASDAQ: TGLS), the largest Colombian manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and...
Posted On January 11, 2019
Government & Diplomacy
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Canada Pledges $40 Million USD in Aid for Venezuelans
The funds will be used to "help those Venezuelans who have fled to neighboring countries in recent months due to an increasingly acute food shortage."
Posted On February 5, 2019
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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Six Killed in Massacre in Colombian Department of Meta
Officials are investigating whether the killings were related to drug trafficking, a local armed rebel group, or another factor.
Posted On December 18, 2018
Sponsor
Trade, Commerce & Retail
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Cabify Secures $70 Million USD Loan from IDB Invest
The financing will allow Cabify to reinforce its activity in favor of its smart cities agenda, reducing mobility costs, and improving the lives of citizens," said IDB Invest.
Posted On February 8, 2019
Transportation & Tourism
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Avianca Transported more than 30.5 Million Passengers in 2018
The total was up 3.5% from 2017, while Avianca's RPK (revenue passenger kilometers) jumped by 8.7% year over year.
Posted On January 23, 2019
Colombian Peso Exchange Rate
