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//Elle F. Yap
A worker at Geopark's facility.
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Fitch Affirms GeoPark’s B+ Credit Rating While Raising Concerns on Falling Reserve Life

GeoPark's fossil fuel reserves have fallen below seven years, something Fitch says the firm would be unable to “dramatically reverse” within the next 12 months.
Posted On August 8, 2023
, By Elle F. Yap

Fitch Affirms BB+ Rating for Colombia as Country’s Future Prospects Stabilize

Colombia has maintained its BB+ credit rating despite high inflation numbers and the loss of Petro’s supermajority.
Posted On August 3, 2023
, By Elle F. Yap
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Cannabis Company Flora Growth to Exit Colombian Market and Sell Local Assets Amid Losses and Export Challenges

"The export process from Colombia has proven to take longer and operate with less consistency than we had anticipated," said board member Hussein Rakine.
Posted On July 31, 2023
, By Elle F. Yap
Forrest T. Heath III, founder and CEO of Somos Internet
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Medellín Startup Somos Internet Secures Seed Round Funding of $13.4 Million USD

Somos Internets plans to use the funds to improve current infrastructure, enhance product offerings, and expand to new areas of the country, including Bogotá.
Posted On July 26, 2023
, By Elle F. Yap
Attendees on stages at WeTrade 2022.
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WeTrade 2023 Business Fair on Diversity, Equity, and Inclusion Comes to Bogotá from July 27-28

WeTrade 2023's theme is “The Power of Diversity," a concept that will be addressed by speakers from Coca-Cola, Grupo Prisa, Promigas, and more.
Posted On July 25, 2023
, By Elle F. Yap
Dijon mustard bought in Colombia before the ban went into effect.
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Culinary Crisis Hits Colombia as Resolution Bans Mustard and Other High-Sodium Foods

A ban on high-sodium food products has turned products like Dijon mustard into illegal contraband — and led to big challenges for fans of the French staple.
Posted On July 24, 2023
, By Elle F. Yap
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Crowe Colombia Urges Compliance with New Electronic Invoicing Laws

"All of them must take this rule into account for their income statement," says Guillermo Berrío of Crowe Colombia, an accounting firm that has been helping clients prepare.
Posted On July 15, 2023
, By Elle F. Yap
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Bacteria Contamination Threatens Tilapia Fish Exports from Colombia

Tilapia have been dying across the country as a foreign bacterium harmful to the species was detected, forcing the government to declare a State of Sanitary Emergency.
Posted On July 9, 2023
, By Elle F. Yap
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French Company Groupe Casino Plans to Sell Stake in Grupo Éxito to Service Debts

Groupe Casino's stock has fallen over 20% in value this week as the company’s debt risk — and lack of a clear plan to service its debt — creates pessimism among investors.
Posted On July 8, 2023
, By Elle F. Yap
Beijing skyline
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Report: Colombia Is Unprepared for Potential Influx of Chinese Companies and Funding

"Institutions with a control and oversight role will be challenged by issues arising from Chinese infrastructure companies," according to the Colombia Risk Analysis report.
Posted On July 2, 2023
, By Elle F. Yap
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