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Food Pushed Inflation To 3.42% In June, Says Bancolombia

According to analysis provided by Bancolombia, Colombia’s consumer price index recorded a monthly increase of 0.27%, coming in at 6 basis points higher than the 0.21% expected by economic analysts. The inflation rate is higher than that of the past decade, 0.23% Costs of produce...
Posted On July 30, 2019
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scotiabank colombia latin america
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Scotiabank Named LatinFinance Bank of the Year; Bancolombia Takes Top Honors in Colombia

Scotiabank is the first Canadian bank to win the top award. Bancolombia beat out last year's winner Banco de Bogotá in the Colombian category.
Posted On November 13, 2018
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colombia 4G highway 4G infrastructure
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Colombia Secures $523 Million USD in Financing for ‘Ruta de Cacao’ Roadway Project in 4G Program

This is now the 14th project to receive funding within the 4G program and the first to close financing since President Iván Duque took office in August.
Posted On October 31, 2018
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Smart Capital 2017 (photo courtesy of the organizers)
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600+ Entrepreneurs, Venture Capitalists, Investors Gather In Medellín This Week For “Smart Capital” Event

Year over year, entrepreneurship in Colombia is become a major driver for economic growth and job creation, establishing the country as a leader in entrepreneurial development in the region. This has led to the creation of platforms and enterprises that boost growth initiatives,...
Posted On October 21, 2018
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bancolombia medellin
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Bancolombia, Grupo Nutresa, Alpina Lead Rankings for Best Organizational Reputation in Colombia

Sura ranked fourth, moving up from 8th in the 2017, while cement maker Cementos Argos rounded out the top five.
Posted On October 20, 2018
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pwc cintel award digital transformation andicom (Credit: PwC)
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Who Will Win Digital Transformation of the Year Award in Colombia at Andicom 2018?

Bancolombia, Boxi Sleep, 1DOC3, and Wikiwomen took home the honors in 2017, the first time the awards were handed out by CINTEL and PWC.
Posted On August 23, 2018
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colombian peso
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Colombian Inflation Rate Falls to Four-Year Low of 3.12% in July

Compared to June, the consumer price index fell by 0.13% — significantly below the consensus forecast.
Posted On August 9, 2018
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President Juan Manuel Santos welcomes his successor, Iván Duque, to the Casa de Nariño. (Photo credit: Presidencia de la República / Nelson Cárdenas, SIG)
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Colombian President Iván Duque Takes Office in a Divided Nation with a Recovering Economy

While the peace process and divisive politics in Bogotá will be thornier issues, Duque's management of the fiscal deficit will prove tricky even amid rising GDP growth rates.
Posted On August 8, 2018
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colombia central bank colombia inflation banco de la republica inflation colombia interest rate banco de la republica
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Colombian Central Bank Leaves Benchmark Interest Rate Unchanged at 4.25%

The decision to maintain the current rate was approved unanimously by all seven members of the board of the Banco de la República.
Posted On July 27, 2018
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Bancolombia, Sura, Davivienda Rank Among Top Colombian Companies at Attracting Talent (Photo credit: amtec.us.com)
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Bancolombia, Sura, Davivienda Rank Among Top Colombian Companies at Attracting Talent

Bancolombia topped the rankings in 2017, but fell one spot to second place in this year's Merco report.
Posted On June 20, 2018
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