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Month

//May 2018
ikea retail store (Photo credit: mastrminda / Pixabay)
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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
, By Jared Wade
oil colombia minminas (Photo credit: Ministerio de Minas y Energía)
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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
, By Jared Wade
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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
, By Jared Wade
feria de las 2 ruedas
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Feria de los 2 Ruedas, Colombia’s Biggest Motorcycle Fair, Just Keeps Getting Bigger

The largest motorcycle fair in Colombia — and one of the biggest in Latin America — once again came to Medellín this month. From May 4-7, the 11th edition of the Feria de las 2 Ruedas brought together some 60,000 people, according to the show’s organizers, for four days of...
Posted On May 20, 2018
, By Loren Moss
(Photo credit: blickpixel / Pixabay)
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Fitch Ratings Affirms BBB+ Rating for Publicly Controlled Colombian Electric Company ISA

“ISA's credit metrics reflect solid cash flow generation, moderate debt levels and adequate liquidity,” stated Fitch.
Posted On May 20, 2018
, By Jared Wade
Buses operating on the streets of Bogota, Colombia. (Photo credit: Jared Wade)
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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
, By Jared Wade
first data bancolombia colombia (Photo credit: Jared Wade)
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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
, By Jared Wade
artificial intelligence (Photo credit: geralt / Pixabay)
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Artificial Intelligence Center of Excellence to Open Its Doors this Week in Medellín

The center comes from a partnership between the Institute for Robotic Process Automation and Artificial Intelligence (IRPA AI) and Ruta N
Posted On May 19, 2018
, By Jared Wade
Ivan Duque Colombia
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Iván Duque, Colombia’s Front Runner for President, Wants to Get Back to 5% GDP Growth and Cut the Corporate Tax Rate Below 30%

Duque says that tax reform to cut the corporate rate below 30% is one of the ways Colombia can get back to 5% annual GDP growth.
Posted On May 16, 2018
, By Jared Wade
Colombian peso Colombia peso Colombia inflation (Credit: Jared Wade)
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Colombian Economy Grew by 2.2% in the First Quarter of 2018

This quarterly GDP growth represents an uptick from the meager 1.8% full-year growth in 2017 and is well above the 1.3% growth in the first quarter of 2017.
Posted On May 16, 2018
, By Jared Wade
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