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By

//Loren Moss
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Colombia Business News Recap: Tax Reform Passes, Tecnoglass Success, More EPM Chaos, Medellín’s Mayor McMeat!

In this week’s Colombia business news recap: Tecnoglass continues to break records EPM postpones the bid process to finish Hidroituango for the fifth time Mayor McMeat and the cattle ranchers Emerging new restaurants Tax Reform has passed I am really looking forward to the...
Posted On November 8, 2022
, By Loren Moss
The mayor chowing down on a big beef as his wife looks on (photo: Twitter account of José Félix Lafaurie)
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Colombia’s Cattle Rancher’s Federation Has A Big Beef With Medellín Mayor Daniel Quintero

The head of the cattlemen's federation calls out Mayor Daniel Quintero for campaigning against beef while chowing down on steaks.
Posted On November 8, 2022
, By Loren Moss
The space where turbines 5-8 will eventually go, once a contractor is selected and insurance is found. (photo: Loren Moss)
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EPM Postpones Hidroituango Bid Opening For A Fifth Time; Now Cites “Insurance Difficulties”

Whatever contractor that wins the bid will likely do so at a price that takes into account the added uncertainty and liability.
Posted On November 8, 2022
, By Loren Moss
Taxation chief Luís Carlos Reyes (left) & Finance Minister José Ocampo
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Colombia’s Tax Reform Passes, Peso Plunges Past 5,000 Per US Dollar, Church Tax Defeated

The bill imposes new income taxes on Colombians earning more than $2,000 per month, plus petroleum & mining exports.
Posted On November 4, 2022
, By Loren Moss
Above photo: Alta Resources attends 2022 Customer Contact Week in Las Vegas (LinkedIn: Alta Resources)
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Alta Resources Acquires Bogotá-Based CX Provider BRM

BRM's senior leadership, including its founders, Juan Pablo Serrano and Pilar Jaramillo, will remain with the company.
Posted On November 4, 2022
, By Loren Moss
Tecnoglass launches on the NYSE
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Tecnoglass Continues String Of Record Results, Announces Share Repurchase Program

Gross profit for the third quarter of 2022 nearly doubled to $105.3 million, representing a 52.2% gross margin
Posted On November 3, 2022
, By Loren Moss
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Flora Growth To Acquire Franchise Global Health in All-Stock Deal & Expand European Footprint

The deal would establish a foothold in Germany for medical cannabis sales across 1,200 pharmacies and the distribution of pharmaceutical products across 28 countries.
Posted On November 1, 2022
, By Loren Moss
EPM Empresas Publicas Medellin (Photo credit: EPM)
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EPM Announces Year To Date Financial Results

As of September, EPM has transferred $1.6 billion to the District of Medellín. Q3 revenues were $9.8 billion COP
Posted On November 1, 2022
, By Loren Moss
PharmaCielo horticultural worker harvests THC dominant and unique cultivar (CNW Group/PharmaCielo Ltd.)
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PharmaCielo Reports Financial Results For Q3 2022

PharmaCielo says it has more than doubled revenue to $3.8 million in the first nine months of 2022.
Posted On November 1, 2022
, By Loren Moss
Hidroituango Unit 3
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EPM Awards Hidroituango Contract To Schrader Camargo S.A.S.

EPM is changing contractors in the middle of the Hidroituango hydroelectric project, ousting the consortium that initially won the contract.
Posted On November 1, 2022
, By Loren Moss
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