sábado, abril 6, 2024

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Foreign direct investment in Colombia jumps 25% year-on-year; exports hit record

 Colombia’s Ministry of Commerce, Industry and Tourism (“MinCIT)”) announced May 3 that Colombia’s exports of goods and services in 2019 hit a record US$25.29 billion, while foreign direct investment (FDI) in Colombia soared 25.6% year-on-year, to US$14.49 billion. FDI in the commerce, restaurants and hotels sector jumped by 85.7% year-on-year,...
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SURA full-year 2019 net income jumps 27.9% year-on-year; hits all-time record

Medellin-based multinational insurance, pensions and finance giant Grupo Sura on February 27 reported a full-year 2019 27.9% hike in net income year-on-year, to COP$1.7 trillion (US$523.8 million) – an all-time high. Revenues also rose 13.3% year-on-year, to COP$21.9 trillion (US$6.68 billion), while expenses rose less -- by 12.3%. While Sura’s...
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Nutresa full-year 2019 profits rise 5.2% year-on-year

Medellin-based multinational foods manufacturer Grupo Nutresa on February 21 reported a 5.2% year-on-year net income boost for full-year 2019, to COP$513 billion (US$152 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 13.5% year-on-year, to COP$1.3 trillion (US$385 million), while sales jumped 10.5% to COP$9.9 trillion (US$2.9 billion). For...
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China’s strong push into Colombia

China's interest in what the International Monetary Fund ranks as South America's fastest-growing economy is deepening. Within the last three months, China's Zijin Mining Group Co Ltd bought a gold mine in Colombia, and a consortium led by China Harbor Engineering Co won a contract to build the Bogota metro system. Colombia's...
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Colombia, Bolivia, Ecuador and Peru to eliminate roaming charges

Bolivia, Colombia, Ecuador and Peru will begin removing international roaming rates in voice and data communications as part of an initiative to boost integration and modernization between the Community of Andean Nations (CAN), the block’s secretary said Wednesday. The announcement came at the 50th-anniversary celebration of the organization, which promotes...
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Colombia will eradicate up to 130,000 hectares of coca this year

Colombia hopes this year to eradicate 130,000 hectares (321,237 acres) of coca, the base ingredient in cocaine, Defense Minister Carlos Holmes Trujillo said on Monday. A wide variety of tools will be made available to remove the coca plants, the minister said, including the possible re-introduction of aerial spraying of...
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Q&A about coronavirus in Colombia

A new flu-type virus could be the next pandemic. Here’s a Q&A to keep you up to date. Should we be worried about the coronavirus? According to the World Health Organisation (WHO), yes. The UN body has just declared the ‘2019n-CoV’ bug a global health emergency. The virus, which jumped...
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Colombia, chosen as one of the 10 tourist destinations of the future

A new hit was scored Colombia as been included in the list of the 10 tourist sites of the future 2019-2020, published in the magazine fDi Intelligence, of the Financial Times newspaper, specialized in foreign investment issues. This was unveiled by the ViceMinister of Tourism, Julián Guerrero Orozco, noting that...
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