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Ecopetrol's Q1 EBITDA rose despite an 8.7% revenue drop — governance crisis and a $3.3B tax dispute loom over Colombia's state oil giant.

Tecnoglass posted a Q1 revenue record of $249M but net income fell 24% as US aluminum tariffs and Colombian wage hikes squeezed margins hard.

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

Editor’s note: Adrian Rodriguez, partner with the international law firm Lewin & Wills, has graciously allowed Finance Colombia to reprint the answers he prepared for a professional symposium for the benefit of our readers. Mr. Rodriguez may be contacted at the above links....