Banco Colpatria (Spanish only), a division of Scotiabank Colombia SA, last week acquired the small-business and consumer operations, including credit cards, of Citibank Colombia, for an undisclosed amount. Assuming the transaction is approved, Colpatria will...

Canadian Capital Fuels Colombian Cannabis Boom

(Ozy.com) Decades have passed since the bulk of marijuana cultivation in the Americas shifted from Colombia up to Mexico. But the tides are turning again. This time, suited businesspeople, not drug cartels, are betting...

Court Rules Against Uber and its 83,000 Drivers

Colombia’s Constitutional Court has ruled against Uber with a verdict that affects 83,000 drivers affiliated to the technology platform. The decision follows a similar ruling last December by the European Court of Justice (ECJ)...

Low Productivity: the Elephant in the Room in Colombia’s Minimum Wage Debate

Negotiations on the minimum wage in Colombia are fast approaching. On the one hand, unions will demand an increase above inflation to safeguard their purchasing power, which has been badly hit by the recent...

Colombia’s Coffee Output, Exports To Hit 25-year High

Colombia’s recovery in coffee output, and exports, will progress faster than had been thought this season, US officials said – but on an assumption of “normal” weather, even as ideas of La Niña grow. The...

Colombia: Is Cocoa The New Cocaine?

38,000 Colombian families will now work together as a new company called María del Campo, which will operate under a similar business model of that of coffee growers. The long-term project will be based out...

Canada, Australia, New Zealand, Singapore Begin Free-Trade Negotiations with Pacific Alliance in Colombia

On Monday, in the city of Cali, Canada began the first round of formal negotiations to forge a free-trade agreement with the Pacific Alliance. Along with three other nations — Australia, New Zealand, and...

Avianca In A Battle For Supremacy Of South America’s Skies

Over the past couple of decades, consolidation and bankruptcies have reshaped the airline industry in North America. Historic brands such as TWA, Continental, Northwest, and US Air have gone away, with new ones like...

Colombia’s President Santos Admits that His Government Has Run out of Money

The Colombian Federation of Education Workers began a strike this week in hopes of improving wages and bonuses for educators, but Colombia President Juan Manuel Santos said he doesn’t approve. Trade union members said that...

Banco de Bogotá launchs chain of supermarket mini-branches

  Banco de Bogotá has partnered with Colombian supermarket chain La 14 to install correspondent banking locations within its stores. Each point of service, known locally as a “corresponsal,” will serve as mini-branch that allows customers to make payments, withdrawals, deposits,...

Trump ‘Aims To Slash Aid to Colombia’

  US President Donald Trump has proposed US Congress to cut economic aid to Colombia by 21.1% from $133 million to $105 million, according to Foreign Policy magazine. While this would be a sizable cut, it would...

Cali and Bogota Rank Among Top Five Places to Buy Real Estate Overseas

TODAY COLOMBIA - In its annual outlook, a Panama-based publication recently ranked the best global locations to buy real estate this year, and two of the largest cities in Colombia — the “irresistible” Cali...

Hilton Medellín Hotel Planned to Open in Colombia’s Second City in 2019

TODAY COLOMBIA - Hilton has partnered with Colombian construction company Constructora Colpatria on a franchise license agreement to build the new multi-million hotel Hilton Medellín. According to the U.S.-based hospitality leader, the 25-story, 206-room development...

Amazon Web Services Opens Office in Bogotá

TODAY COLOMBIA - Amazon Web Services has opened its first office in Bogotá. This makes Colombia home to another Latin American office established by the online retail giant’s cloud services arm, with the first...

Colombia, Central America and the needle trade

TODAY COLOMBIA - Two Colombian textile and apparel sector companies are expanding in Central America, with the expectation of creating some new 1,700 jobs, mostly in Nicaragua, the result of a US$8 million investment...

Bogota Hit by Xenophobic Attacks on Chinese Merchants

TODAY COLOMBIA - In the heart of downtown Bogotá is the sector known as San Victorino. There the inhabitants of the Colombian capital can find all kinds of imported products at prices much lower...

Colombia, Latin America’s 4th Largest Economy: Prosperity Index

TODAY COLOMBIA - The Legatum Prosperity Index 2016 ranks Colombia as Latin America’s 4th largest economy. Overall Colombia ranks 72nd of 149 on the prosperity index., the Legatum reports says, despite positives in Colombia's economic...

LATEST

Bogota ranks among world’s most traffic congested cities, says study

In a world deconstructed by mega data, Colombia, once again, makes a list and one we can all relate to – traffic. The 2017...

Banco Colpatria (Spanish only), a division of Scotiabank Colombia SA, last week acquired the small-business and consumer operations, including credit cards, of Citibank Colombia,...

‘Tool to Ensure Woman’s Submission’: Female Genital Mutilation Drama in Colombia

In the year 2018, female mutilation remains a pressing issue for the Emberá people, a small ethnic group in Colombia. The Emberá adopted the...

Colombia’s FARC Party Suspends Election Campaign Over Violent Protests

The Common Alternative Revolutionary Force (FARC), a rebel group-turned-political party, has decided to suspend its parliamentary election campaign over security concerns stemming from the...

Colombia and Brazil Announce Border Controls as Venezuelans Flee En Masse

Colombia and Brazil have announced a series of measures to control their border with Venezuela, as hundreds of thousands of people have fled the...

Canadian Capital Fuels Colombian Cannabis Boom

(Ozy.com) Decades have passed since the bulk of marijuana cultivation in the Americas shifted from Colombia up to Mexico. But the tides are turning...

Colombia Bomb Attack Kills Five Police, Injures Dozens

An early morning bomb attack outside a police station in Colombia's coastal city of Barranquilla killed at least five police officers and wounded 42...

Colombian Model Arrested In The US For Leaving Her Toddler Home Alone To Go...

A Costa Rican model living in South Florida found out that things are different up north, admitting to authorities that she left her one-year-old...

Colombian government, rebels to seek new ceasefire accord

Colombian President Juan Manuel Santos on Sunday said his government would strive to negotiate a second ceasefire agreement with the National Liberation Army (ELN)...

Over half a million Venezuelans fled to Colombia

More than half a million Venezuelans have taken refuge in Colombia to escape the crippling economic crisis in their country, Colombia Immigration (Migración Colombia)...