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Neuberger Berman, a New York based employee-owned investment manager, is pleased to announce the opening of a new office in Bogota, Colombia. The office is located on the 14th floor of Calle 100 #7-33, Tower 1. Bogota is Neuberger Berman’s second location in Latin America,...

Fitch Ratings this week announced a stable outlook for the Colombian insurance industry today. The stable sector outlook reflects Fitch’s expectation that the key credit metrics of the Colombian insurance sector will remain broadly stable and the industry will manage to...

Davivienda’s Rating Outlook was revised to Positive given Fitch’s expectation that the banks’ financial profile and performance will continue to improve. The bank’s integration of its subsidiaries in Central America (HSBC’s former subsidiaries in...

President Juan Manuel Santos announced Wednesday plans to expand the El Dorado International Airport in Bogotá, which seeks to increase the current capacity of 50 operations per hour and 27 million passengers per year, to 90 operations per hour and approximately 40 million...

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...

The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing countries in Latin America, but a comprehensive tax reform that promotes investment and diversifies the economy is now needed to put the country on a path toward...

According to a report by Bloomberg, major global and regional banks, both commercial and investment, are looking to increase their stakes and presence in Colombia. Among them, Brasil’s Itaú is said to be purchasing Chilean Corpbanca SA, which recently purchased the majority...

Mintrabajo, Colombia’s ministry of labor, announced that the monthly minimum wage throughout the country will be set at $644,350 pesos per month, an increase of 4.6%. The labor minister, Luis Eduardo Garzón, announced that the increase was higher than in previous years, thus...

According to the Fiscalia General (Federal Prosecutor’s Office) on December 12, 2014, Prosecutor, Pedro David Berdugo Salcedo; CTI investigator, Harold Mauricio Sánchez Hernández, and accountant Over José Ospino González were conferred the Enrique Low Murtra medal in...

According to reports in El Tiempo, the former mayor of Milán, Caquetá is being extradited to the US to face charges for narcotics trafficking. Jhon Eduarth Monje Alvarado has been indicted by a Texas court of belonging to an organized trafficking ring that has moved close to 100...