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Bancolombia: Colombian Economy Is Currently Bottoming and Set for a 2017 Turnaround

If the story plays out as expected, Bancolombia believes that 2015 and 2016 will end up being bumps in the road in an ongoing growth trajectory.
Posted On October 21, 2016
, By Jared Wade
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Copa Launches Wingo as Discount Airline in Colombia

Wingo is "designed for passengers who prefer a simple, no-frills, and reliable travel option."
Posted On October 21, 2016
, By Jared Wade
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New Colombia Resources Makes Progress in Plan to Build 300-Megawatt Coal Plant

A subsidiary of the company has partnered with a Chinese entity that has secured a $200 million USD letter of intent to finance the project.
Posted On October 20, 2016
, By Jared Wade
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PharmaCielo Forms Research Advisory Board to Advance Legal Marijuana Studies

Canadian-based PharmaCielo Ltd. yesterday announced that it has formed a research advisory board to advance its studies of cannabis with hopes of further developing itself in the legal marijuana market. The company operates its PharmaCielo Colombia Holdings S.A.S. subsidiary in...
Posted On October 19, 2016
, By Jared Wade
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AIG Sells Operations in Colombia and Other Emerging Markets to Fairfax for $240 Million USD

The AIG sale of its business in Colombia to Fairax should spell good news for Lloyd's office in the capital.
Posted On October 19, 2016
, By Jared Wade
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New Social Impact Bond Looks to Increase Employment in Colombia with Innovative Funding

This pay-for-success initiative will pay back investors returns based on results.
Posted On October 18, 2016
, By Jared Wade
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Inventory Tracking Company Apes Wins Big at Record-Breaking Colombia Startup Summit

More than 1,500 attendees gathered in the capital for the fourth edition of Colombia Startup.
Posted On October 17, 2016
, By Jared Wade
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Cable & Wireless Continues to Grow in Colombia with a Focus on Banking Sector

Cable & Wireless continues to grow in Colombia, with its expansion plan paying dividends in the financial services and education sectors.
Posted On October 17, 2016
, By Loren Moss
ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Ecopetrol Pays Off $340 Million USD Loan Early

Interestingly, this loan — for 990 billion Colombian pesos — wasn't due until February 2024.
Posted On October 15, 2016
, By Jared Wade
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Challenges in Colombia: “Fitch Does Not Rule Out Further Negative Rating Actions Among Colombian Banks”

Fitch's Latin American Sovereign Overview report reflects the weakness in economies throughout the region, with Colombian banks facing major headwinds.
Posted On October 14, 2016
, By Jared Wade
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