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Minvivienda, Colombia’s ministry of housing announced that maximum rent increases for those residential renters in leases that conform to the official rate when adjusting rents a contract anniversary dates will be limited to 3.66%, a rate equal to the rate of inflation determined...

The depressed global oil prices have not been kind to Pacific Rubiales, Colombia’s largest independent oil producer. Heavily staffed with refugees from Venezuela’s PDVSA, the company is finding it even more challenging to create shareholder value than its other petroleum sector...

The bonds, due in 2045, have a 5% coupon, the lowest rate that Colombia has achieved to date. The Ministry of Housing and Public Credit, Minhacienda, completed a successful bond offering today of $1.5 Billion (US), though there was $5 billion worth of demand from 244...

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,...

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...

Friday January 16th at 3:14 p.m., the first Boeing B787-8 of Avianca departed from the El Dorado International Airport in Bogotá en route to New York with 236 passengers and 10 crew. On board this sophisticated aircraft, passengers of route AV 244 will enjoy a more comfortable...

Photo credit: Loren Moss According to statistics released by DANE (National Department of Statistics), Colombia faced a 2014 inflation rate of 3.66%, an increase of 88% over 2013. The government statistics are important because many charges are set and adjusted annually based on...

Hilton Worldwide recently opened their 123 room Hilton Garden Inn Barranquilla in Colombia’s most important coastal city. The hotel marks the first of Hilton’s Garden Inn brand in Colombia and is indicative of Hilton’s expansion strategy for Colombia, and Latin America at larg...

Colombians made up far less than 1% of the removals by US Immigrations & Customs Enforcement According to a report issued by the United States Department of Homeland Security’s Immigration and Customs Enforcement, there were 1,181 Colombians deported by the US during the 2014...

Colombia’s homicide level of 12,800 nationally, is the lowest since 1984, according to reports, while the more meaningful rate of homicides per 100,000 residents dipped under 30 per 100,000; a rate not seen since the 1970s. According to El Tiempo, this rate is still higher...