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Service-oriented and labor-intensive businesses may face higher operating costs due to the 23% minimum wage hike and its immediate impact on indexed service categories

The new factory is in Sopó, where the company has a base of operations and tourist facilities promoting the dairy industry.

The bill imposes new income taxes on Colombians earning more than $2,000 per month, plus petroleum & mining exports.

Alpina's portfolio has more than 600 SKUs including aged cheeses, milks, yogurts, functional dairy beverages, vegetable-based beverages, baby food, nutraceutical and food supplements.

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...