Colombia May Double Daily Dollar Purchases, Central Banker Says

Colombia’s central bank is studying the possibility of doubling its daily dollar purchases to $40 million to curb the world’s biggest currency rally, central bank co-director Cesar Vallejo said. Policy makers could also extend the...

Colombia’s real estate bubble, fact or myth?

As record numbers of visitors, investors and business people visit Colombia and see the tremendous amount of new construction taking place, one of the first questions they ask is: “Is Colombia being overbuilt, is...

PriceSmart Declares Dividend, Announces Expansion

PriceSmart declared a US$0.70 per share dividend at the company's 2019 annual meeting of stockholders held on January 30, 2019, in San Diego. A $0.35 per share is payable on February 28, 2019, to stockholders...

Nespresso reaffirms support for Colombian coffee growers with five year investment program

The FINANCIAL -- More coffee farmers in Colombia will have the opportunity to improve the quality of their crop and the sustainability of their farming practices after Nespresso committed to five more years of...

Colombia Bond Yields Jump as Inflation Accelerates; Peso Gains

Colombia’s peso bonds fell and pushed yields up the most in a month after a government report showed last week that inflation accelerated in April more than forecast, reducing demand for the fixed-rate securities. The...

Colombia Peso Rises to Highest in Almost Month on China Rate Cut

Colombia’s peso advanced to the highest level in almost a month as China cut interest rates for the first time since 2008, buoying prospects for global growth and higher-yielding assets. The peso appreciated 0.7 percent...

Colombia Appoints Goldman’s Janna as Public Credit Director

(Bloomberg) Colombian Finance Minister Mauricio Cardenas named Michel Janna of Goldman Sachs Group Inc. (GS), as the country’s new Director of Public Credit. Janna, who has a doctorate in economics from Northwestern University in Illinois,...

Colombia central bank looks set to maintain expansive policy

(Reuters) - Colombia's central bank indicated it could maintain its current expansive monetary policy in the months to come, minutes from its December rate-setting meeting showed on Friday, as inflation remains low despite quickening...

Colombia fires up power ‘locomotive’

Colombia’s government has put it clear: it is determined to set their “energy locomotive”, as they labelled their ambitious energy plans, full-steam ahead. Luckily, their engine seems to be well tuned. “Colombia is attractive. You...

Why Colombia ETFs May Continue to Rise

Colombia, a country once known for its political instability, guerilla wars, high crime rate and drug trafficking has now turned into an investor hotspot in Latin America. The economy grew at 5.9% in 2011 and...

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)...

Colombia and Japan Enter Into New Round Of FTA Talks

On Monday the third meeting between Colombia and Japan to agree on a Free Trade Agreement (FTA) got underway in Tokyo. On the discussion table are reducing tariffs and rules of origin and procurement. According...

Colombia: questions emerging over central bank independence

Some people believe Colombia’s central bank has done everything right in recent years. During the worst times of the global economic crisis, it was gaining credibility by the hour. Its governor, José Darío Uribe...

Venezuela instability a risk for Colombia growth – finance minister

LONDON (Reuters) - Colombia's economy faces its greatest risks this year from instability in neighbouring Venezuela and the slump in commodity prices, the country's finance minister said on Monday. Growth forecasts for the Andean country...

Colombia: Banana growers looking for solutions to the crisis

The Banana Growers Association from Magdalena and La Guajira (Asbama) asked the National Government to create an agenda that would allow them to look for solutions to the crisis in this sector. The problems are...

Une-EPM launches Colombia’s first LTE network

State-owned telco Une-EPM has begun offering commercial services over its 4G Long Term Evolution (LTE) network, the first of its kind in the country. At present the mobile broadband service is available to 80% of...

Uribe Says Colombia May Cut 2013 Inflation Forecast Slightly

(Bloomberg) A surprise drop in Colombian consumer prices last month means inflation may end next year slightly below the 3 percent mid-point of its target range, central bank Governor Jose Dario Uribe said. The bank...

LATEST

Historic Mega-Concert on Colombian-Venezuelan Border

British billionaire entrepreneur and philanthropist Richard Branson is spearheading a unique and historic concert on the Venezuelan-Colombian border, in conjunction with the beginning of...

VOA Latin America Interviews Ivan Duque

Colombian President Ivan Duque, interviewed Saturday by VOA's Latin America Division, discussed the battle against the National Liberation Army in Venezuela and strengthening his...

PriceSmart Declares Dividend, Announces Expansion

PriceSmart declared a US$0.70 per share dividend at the company's 2019 annual meeting of stockholders held on January 30, 2019, in San Diego. A $0.35...

Colombia Military Kills Dissident Militant Leader

Colombia’s military says it has killed a militant leader who refused to adhere to a peace accord his rebel group and the government agreed...

Colombia Denies Entry to Over 200 Venezuelan Supporters Of Maduro

Colombian authorities have banned over 200 Venezuelan officials and supporters of President Nicolas Maduro from entering the country amid the escalating political crisis in...

UN Condemns Bogota Terrorist Attack And Urges International Support For Justice For Victims

The United Nations is urging its members to "actively cooperate" with Colombian authorities in their efforts to bring to justice those responsible for last...

Cuba Will Adhere to Protocol after Breakdown of Colombia-ELN Peace Talks

Cuba’s Minister of Foreign Affairs, Bruno Rodriguez Parrilla, reiterated, through his official Twitter account, that Cuba will act in strict respect for the Peace...

Colombia Tells Cuba There Are No Agreements That Protect Terrorism

The Colombian government told Cuba on Monday there are no agreements that protect terrorism and so repeated its request that the Caribbean island hand...

Terror cannot be the seed of peace, Bogota cardinal says after car bomb

Cardinal Ruben Salazar Gomez of Bogota said that terror can never be the seed of justice and peace, following Thursday's car bomb attack at...

UN Secretary-General Condemns Car Bomb Attack In Colombia

The Secretary-General of the United Nations, Antonio Guterres, condemned on Friday the bomb attack on Friday in the Colombian capital, Bogota, against a police...

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