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Felipe Bayon Ecopetrol Colombia Oil
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Ecopetrol Reports Best Quarterly Reports In The Past Decade

With the culmination of the purchase of a controlling 51.4% stake in Interconexión Eléctrica ("ISA"), the quarterly figures include the consolidated results of this subsidiary for one month.
Posted On November 9, 2021
, By Loren Moss
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4th Renewables Latin America Congress Returned To In-Person Format With Strong Turnout

Presenters hailed from Peru, Mexico, Argentina, Chile, Bolivia, Brazil, Ecuador, Dominican Republic, and the host country of Colombia.
Posted On October 15, 2021
, By Loren Moss
Photo credit: Loren Moss
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Barranquilla-Based Procaps Lists On NASDAQ Via SPAC, Valued At $1.1 Billion USD

This transaction values Colombia-based Procaps at approximately $1.1 billion with approximately $160 million in gross cash proceeds.
Posted On October 11, 2021
, By Loren Moss
Massimo Canovi
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TMF Group’s Massimo Canovi Explains Why Colombia Is World’s Fourth Most Complicated Country For International Business

Global payroll and tax firm TMF Group just released their 2021 Global Business Complexity Index (GBCI) that analyzes business administration and compliance across 77 jurisdictions, from the time it takes to incorporate a company, to changes in tax legislation, policies around...
Posted On September 28, 2021
, By Loren Moss
South American magnate & former Avianca chairman Germán Efromovich
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Efromovich Brothers Cleared Of Corruption Charges In Brazil

The brothers were arrested in São Paulo on charges related to fraud in the contracts between the Transpetro subsidiary of Petrobras and the Efromovich brothers’ Estaleiro Ilha S.A. (EISA) shipyard in Brazil.
Posted On September 21, 2021
, By Loren Moss
Above image: Barranquilla skyline.
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GlobeNet Building New Data Center In Barranquilla

GlobeNet says its new data center integrates with its ecosystem of content providers, service providers and IXs, as well as the company’s submarine network and redundant terrestrial backhauls.
Posted On September 21, 2021
, By Loren Moss
Photo courtesy of MinCIT
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Colombian Non-Mining/Petroleum Exports Surge To 13-Year High

84.5% of what Colombia exports to the world in non-mining, non fuel products goes to countries with which the country has a current free trade agreement. Today there are 17 bilateral and multilateral trade agreements with approximately 65 countries. Growth in exports to these...
Posted On September 6, 2021
, By Loren Moss
Viva Air's Felix Antelo
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Cartesian Capital Takes Minority Equity Stake In Viva

The investment is seen as a vote of confidence as the aviation industry navigates the global COVID-19 pandemic. While larger airlines like Avianca and Latam fell into bankruptcy reorganization, Viva directly renegotiated over 200 contracts with suppliers and lessors in order to...
Posted On September 6, 2021
, By Loren Moss
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Support For Globalization Declines In Colombia, According To World Economic Forum Report

55% of Colombians support more trade barriers to imports of foreign goods and services, while a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country.”
Posted On August 26, 2021
, By Loren Moss
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What Jumps Out: Green Shoots?

On a more optimistic note, the MSCI COLCAP finally appears to be gaining a foothold in 2021, we are no longer bottom of the pile and for foreigners in particular, there are bargains to be had.
Posted On August 25, 2021
, By Rupert Stebbings
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