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IMF Cuts Economic Growth Forecast for Latin America in 2017
The IMF lowered its 2017 projections for Brazil by 0.3% and Mexico by 0.6%.
Posted On January 16, 2017
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TomTom Brings Its Real-Time Navigation Service to Colombia
TomTom says its service can help Colombian drivers navigate better by "taking into account the dynamically changing situation on the road."
Posted On January 16, 2017
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Former Colombian Transportation Official Arrested for Allegedly Taking $6.5 Million USD Bribe from Odebrecht
Garcia was involved in awarding a large road project contract while serving under former President Álvaro Uribe.
Posted On January 15, 2017
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Colombia’s Tax Revenues Rose 2.4% in 2016
Though the increase was welcomed by the government, the 126.7 trillion pesos collected came in below the target of 130.1 trillion pesos.
Posted On January 14, 2017
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Banco de Bogotá Approved More Than 7,000 Student Loans in 2016
Crediestudiantil loan terms have a fixed monthly interest rate of 1.7%.
Posted On January 13, 2017
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Government Approves Funding for $5.2 Billion USD Bogotá Metro and Regional Rail Project
"It is the largest investment in the history of Bogotá," said President Santos.
Posted On January 12, 2017
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Fitch Ratings Analyst: Tax Reform May Not Be Enough to Improve Colombia’s Ratings Outlook
“We have to wait for the results of the tax reform," analyst Richard Francis told Finance Colombia in New York.
Posted On January 12, 2017
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FLSmidth Announces $60 Million USD Order for Work on Cement Plant in Antioquia
The end client of the project is EcoCementos, a company owned by Cementos Molins and Grupo Corona with plans to build a cement plant in Antioquia.
Posted On January 12, 2017
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Colombia Fines Cruz Verde Pharmacy $390,000 USD for Selling Medicine Above Fixed Prices
The violations are related to medications used to treat cancer, diabetes, arthritis, and alzheimer's disease.
Posted On January 11, 2017
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Colombia Sets Ambitious Coca Eradication Goal for 2017
Despite only destroying a reported 17,593 hectares last year, officials are aiming to increase that figure to 100,000 hectares in 2017.
Posted On January 11, 2017
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