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Government Approves Funding for $5.2 Billion USD Bogotá Metro and Regional Rail Project
"It is the largest investment in the history of Bogotá," said President Santos.
Posted On January 12, 2017
Month
//January 2017
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Fitch Ratings Analyst: Tax Reform May Not Be Enough to Improve Colombia’s Ratings Outlook
“We have to wait for the results of the tax reform," analyst Richard Francis told Finance Colombia in New York.
Posted On January 12, 2017
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FLSmidth Announces $60 Million USD Order for Work on Cement Plant in Antioquia
The end client of the project is EcoCementos, a company owned by Cementos Molins and Grupo Corona with plans to build a cement plant in Antioquia.
Posted On January 12, 2017
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Colombia Fines Cruz Verde Pharmacy $390,000 USD for Selling Medicine Above Fixed Prices
The violations are related to medications used to treat cancer, diabetes, arthritis, and alzheimer's disease.
Posted On January 11, 2017
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Colombia Sets Ambitious Coca Eradication Goal for 2017
Despite only destroying a reported 17,593 hectares last year, officials are aiming to increase that figure to 100,000 hectares in 2017.
Posted On January 11, 2017
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Avianca Has the Second Worst On-Time Arrival Rate Among Major Latin American Airlines
Aeromexico was the only major carrier in Latin America to finish behind Avianca.
Posted On January 10, 2017
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Amerisur Resources Drills New Platanillo Block Oil Well in Colombia
The company spent around $2 million USD to drill this infill well to a total depth of nearly 8,500 feet in about two weeks.
Posted On January 10, 2017
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Continental Gold Secures $250 Million USD in Financing for Buriticá Gold Mine Project
The credit agreement is expected to provide immediate access to $100 million USD for project development, construction, and working capital.
Posted On January 10, 2017
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New Colombia Resources to Feature Edgar Rentería in Ad for Cannabis Pain Cream
Rentería is a shareholder and uses the product for "pain caused by a 16-year career in Major League Baseball," says New Colombia Resources.
Posted On January 7, 2017
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Life Insurance Market Grows to 0.79% Penetration Rate in Colombia
In Colombia, life insurance remains heavily concentrated, with five companies writing nearly two-thirds of premiums in 2015.
Posted On January 7, 2017
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