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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
Pricesmart
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PriceSmart Reports Strong Fiscal Q4 Results

Net merchandise sales grew 13%, comp sales were up 9.2%, EPS grew 19%, and 88.9% of memberships are renewing, the retailer reports.
Posted On November 1, 2022
, By Loren Moss
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Frontera Energy To Release Q3 Results, Hold Investor Call & Open House

Frontera will also host an investor open house for analysts, investors, shareholders and bondholders on November 15 at its Bogotá offices.
Posted On November 1, 2022
, By Loren Moss

Colombia Business News Recap – Halloween 2022 Edition (Scary Stuff!)

This past week: Nationwide protests, the falling peso, land redistribution, Ecopetrol, Petro's pal Lula, Quintero's Hidroituango crisis, & more!
Posted On October 31, 2022
, By Loren Moss
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