Finance Colombia » 2019 » July

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US Government Experts Assess HydroItuango & Rio Cauca Environmental Conditions By Invitation of Colombia’s National Environmental Licensing Authority

At the behest of Colombia’s National Environmental Licensing Authority (ANLA) scientists from the United States government spent two weeks in Colombia observing and analyzing the environmental impacts of the Hidroituango contingency, the troubled hydroelectric dam construction...

Posted On July 30, 2019

, By Loren Moss

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House Arrest For Laude José Fernández Arroyo, Accused of Spying On Avianca’s Pilot’s Union

Colombia’s former intelligence chief, Laude José Fernández Arroyo has been detained and is currently under house arrest; having been charged with illegally wiretapping ACDAC, the pilot’s union that had been involved in a bitter strike with Avianca during 2017. Fernández headed...

Posted On July 30, 2019

, By Loren Moss

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Food Pushed Inflation To 3.42% In June, Says Bancolombia

According to analysis provided by Bancolombia, Colombia’s consumer price index recorded a monthly increase of 0.27%, coming in at 6 basis points higher than the 0.21% expected by economic analysts. The inflation rate is higher than that of the past decade, 0.23% Costs of produce...

Posted On July 30, 2019

, By Loren Moss

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Latin American Oil & Gas Maintains Low Half Cycle Costs Amid Higher Oil Prices, Says Fitch Ratings

According to ratings firm Fitch, Half-cycle costs for Latin American oil and gas companies increased only slightly in 2018 by 3 percent, versus an 11 percent increase the prior year, according to a new report the firm issued. “The 2018 increase was caused by higher lifting...

Posted On July 30, 2019

, By Loren Moss

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Uber Offices Closed And Sealed By Bogotá Authorities

Earlier this month, ride hailing firm Uber’s offices in the Plaza Claro commercial center in Bogotá was ordered closed and sealed by authorities. Though Uber’s legality in Colombia is controversial and fiercely opposed by taxi syndicates, the closure seemed to have a curious...

Posted On July 30, 2019

, By Loren Moss

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Labor Unrest at Rappi?

Earlier this month, according to various eyewitness reports, around 100 independent Rappi delivery contractors burned their trademark orange merchandise totes in front of Rappi’s offices in the north of Bogotá. Rappi delivery contractors are not employees but independent...

Posted On July 30, 2019

, By Loren Moss