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The trade conflict started last month when Ecuador's President Daniel Noboa imposed tariffs as a complaint over Colombia's alleged failure to address security concerns.

"An excessive minimum salary increase is a threat on two fronts. It will impact inflation as suppliers face higher costs and also further push that domestic demand."

The loan from by the state controlled petroleum company from a Colombian private bank is roughly $180.3 million USD.

As of 2024, SierraCol reported free cash flow of $172 million and net debt of $511 million.

Online gambling will be permanently subject to VAT, requiring non-resident operators to register, collect, and file VAT from 2026 onward.

The Colombian peso appreciated despite falling oil prices and the global stability of the US dollar.

The main goal of the initiative is to obtain Novel Food authorization for cacay, essential for its legal entry into the EU, pending EFSA approval.

"The problem is that after years of corruption and mismanagement, the Colombian bank balance isn't in any shape to write the checks needed to move the inequality needle."

Frontera returned more than $144 million to shareholders via dividends and buybacks, also cutting senior unsecured notes principal by over 20%.

One problem, of course, is money; Colombia doesn't have enough of it.