Colombia Defense Budget to Fall on FARC Accord, Espectador Says

(Bloomberg) The cost of fighting a war against Colombian rebels will fall if the government and the Revolutionary Armed Forces of Colombia, or FARC, sign a peace accord, El Espectador cited Finance Minister Mauricio...

Colombia Peso Trades at 15-Month Low on Intervention Outlook

(Bloomberg) Colombia’s peso traded at a 15- month low on speculation the central bank will extend its plan to buy dollars as it seeks to ease gains in the local currency. The peso depreciated less...

Colombia beckons as investment opportunity – Citi

(Reuters) - Colombia needs $45 billion invested in infrastructure in the next five years to sustain the country's economic growth, Bernardo Norena, chief executive of Citi Colombia said this week in New York. Top officials...

Avianca Colombia pilots refuse overtime amid labor dispute

(Reuters) - Pilots at airline Avianca are refusing to work overtime hours amid a labor dispute, their unions said on Monday, a decision only affecting pilots employed through the company's Colombian operations. The company controlled...

Colombia Says Arabica Coffee Production Rises 11% in April

Colombia, the second-largest supplier of Arabica coffee beans, said the harvest rose 11 percent in April and may continue rising for the rest of this year. Output rose to 580,000 bags from 523,000 bags in...

Colombia’s Imports Fell 0.5% in December From Year Earlier

Colombia’s imports fell 0.5 percent to $4.48 billion in December compared with the same month last year, the government statistics agency said today in a report on its website. Colombia posted a $677.3 million trade...

Burger King Worldwide Reaches New Franchise Agreement In Colombia

(RTTNews.com) - Burger King Worldwide (BKW) announced an exclusive restaurant development agreement with Fondo Escala Capital and Promotora to further develop the BURGER KING brand in Colombia by more than 100 new points of...

Grupo Aval, Citibank and Claro Announce Mobile Banking Partnership

To speed up banking in the country, Grupo Aval, Citibank and Claro announced "Transfer", a financial product that allows banking transactions by phone. The objective is that more users access financial services from their mobile...

Colombia’s oil reserves sit at over 2.3B barrels

Colombia’s Minster of Mines and Energy Federico Renjifo on Thursday announced that the country’s oil reserves increased by 5.22% from 2011 to 2012. “The net growth in 2012 was 5.22% versus the 2011 report,...

HSBC in talks over sale of South American businesses

HSBC is in talks to sell several of its South American businesses as Britain's largest bank continues to cut back its international operations as part of a turnaround plan. In a statement to the market...

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...

Explosions shut down Colombia’s No. 2 oil pipeline

(Reuters) - Two explosions have shut down Colombia's 80,000 barrel-per-day Cano Limon-Covenas oil pipeline, state-controlled oil company Ecopetrol said on Friday, with a military source describing them as attacks carried out by leftist rebels. The...

Colombian Peso Advances From One-Week Low on Appetite for Yield

Colombia’s peso rose from a one- week low as better-than-forecast U.S. earnings and speculation European policy makers may revive bond purchases buoyed demand for higher-yielding, emerging-market assets. The peso advanced 0.3 percent to 1,787.83 per...

Colombian departments prosper due to mining

  The central Colombian departments of Meta and Casanare and the northern Cesar department prospered last year due to mining activities, revealed the country's statistics office, Dane on Thursday. In 2011 the GDP of mining departments...

Fitch revises Colombia outlook to positive, cites resilience

(Reuters) - Fitch ratings agency revised Colombia's outlook to positive on Wednesday, citing the country's increased resilience to external shocks and favorable debt dynamics, in a move that could pave the way for an...

Will Starbucks burn Colombia with its single-serve brewer?

Coffee giant Starbucks on Tuesday introduced its new single-serve machine, but could this brew trouble for Colombia's already struggling coffee trade? Analysts have warned that although the in-home coffee-capsule business is growing, that the lack...

Cardenas Says Colombia Central Bank Board Won’t Alter Course

Colombia is on the verge of naming two new central bank board members who are free from outside influence and will give continuity to the nation’s monetary policy, Finance Minister Mauricio Cardenas said. “The president...

LATEST

Didi readies for battle with Uber in Colombia

Chinese ride-hailing giant Didi Chuxing has started recruiting drivers in Colombia's capital, Bogota, as it readies its Colombian roll out, setting the stage for...

Venezuelans find safety in Colombia

When Darlys* fled Venezuela with her two children looking for safety, she never imagined she would end up sleeping on the streets of Maicao,...

U.S. Lawmakers do damage control after Trump rips President Duque

(McClatchy) Florida lawmakers went into damage control mode after President Donald Trump attacked Colombian President Ivan Duque during an off-the-cuff comment about closing the...

Colombia could become a target of retaliation

Intervention in Venezuela would also destabilise its closest neighbour and endanger the peace process. Following are questions asked by conducted by Claudia Detsch in...

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...

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