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High inflation in January may mean sharper Colombia rate rises: Analysts
Posted by Reuters on Feb 9, 2016 Leave a comment

High inflation in January may mean sharper Colombia rate rises: Analysts

High January inflation figures may lead policymakers on Colombia’s central bank board to increase the benchmark interest rate more sharply than previously anticipated, analysts said on Monday, as the board  Full Article »

Colombia’s 2015 exports plummet 35% amid low oil prices and in spite of cheap peso
Posted by Adriaan Alsema on Feb 5, 2016 7 comments

Colombia’s 2015 exports plummet 35% amid low oil prices and in spite of cheap peso

Colombia’s 2015 exports plummeted 34.9% compared to the year before. The drop is partly due to a steep drop in the price of oil, Colombia’s main export product.

Colombia tax reform delay, risk premiums, spark rating fears
Posted by Reuters on Feb 4, 2016 2 comments

Colombia tax reform delay, risk premiums, spark rating fears

The Colombian government’s delay in submitting a crucial tax reform to tackle a plunge in oil revenue and a tricky overseas scenario could prompt a cut in its credit rating  Full Article »

Colombia cuts oil price view, more austerity likely: finance minister
Posted by Reuters on Jan 27, 2016 2 comments

Colombia cuts oil price view, more austerity likely: finance minister

Colombian Finance Minister Mauricio Cardenas cut the government’s oil price forecast, saying this could spell more austerity measures in order to meet the country’s fiscal deficit goal.

Colombia’s economy to slow down further in 2016: IMF
Posted by Adriaan Alsema on Jan 22, 2016 1 comment

Colombia’s economy to slow down further in 2016: IMF

Colombia’s economic growth is likely to slump to 2.7% this year and should prepare for an “extended period” of economic slowdown, the International Monetary Fund (IMF) said Friday.

Tribunal approves Colombia’s bid to extend Drummond contract
Posted by Reuters on Jan 22, 2016 1 comment

Tribunal approves Colombia’s bid to extend Drummond contract

A Colombian high tribunal on Thursday approved the government’s bid to extend for up to 30 years its contract with coal company Drummond to mine under new conditions in the  Full Article »

Colombia focused on spending cuts, reducing current account gap: Finance minister
Posted by Reuters on Jan 22, 2016 Leave a comment

Colombia focused on spending cuts, reducing current account gap: Finance minister

Colombia’s finance minister Mauricio Cardenas said on Friday the government was focused on cutting the country’s large current account deficit though he admitted that oil’s latest price fall could make  Full Article »

Colombia cancels Anglo-Australian consortium’s oil contracts
Posted by EFE on Jan 15, 2016 Leave a comment

Colombia cancels Anglo-Australian consortium’s oil contracts

Colombia’s National Hydrocarbons Agency, or ANH, has canceled three exploration and production contracts that had been awarded in 2012 to Anglo-Australian consortium Optima-Range, which also must pay $54 million.

Cerrejon’s Colombia coal output down 1.48% in 2015
Posted by Reuters on Jan 15, 2016 Leave a comment

Cerrejon’s Colombia coal output down 1.48% in 2015

Coal miner Cerrejon’s Colombia production fell 1.48% in 2015 compared with the previous year, while exports were down 2.33%, the company said on Thursday.

Colombia sells Isagen controlling stake to Brookfield for $2B
Posted by Adriaan Alsema on Jan 13, 2016 6 comments

Colombia sells Isagen controlling stake to Brookfield for $2B

Colombia’s government sold its 57.6% stake in energy company Isagen to Canada’s Brookfield Asset Management for $1.99 billion, the finance minister said on Wednesday.

Colombia’s El Quimbo hydro-power plant back in operation
Posted by EFE on Jan 12, 2016 Leave a comment

Colombia’s El Quimbo hydro-power plant back in operation

El Quimbo, a hydroelectric power plant in the southern Colombian province of Huila and the second-largest facility of its kind in South America, is functioning normally after temporarily restarting over  Full Article »

Chile’s Colbun says not able to bid for Colombia’s Isagen
Posted by Reuters on Jan 11, 2016 2 comments

Chile’s Colbun says not able to bid for Colombia’s Isagen

Chilean energy company Colbun said on Monday it will not be able to bid for a controlling stake in Colombian power generator Isagen on Wednesday.

Brookfield and Colbun to bid for Colombia’s Isagen on January 13
Posted by Reuters on Jan 4, 2016 Leave a comment

Brookfield and Colbun to bid for Colombia’s Isagen on January 13

Canada’s Brookfield Asset Management and Chile’s Colbun will bid for the controlling stake in Colombian power generator Isagen at an auction on Jan. 13, the Colombian Finance Ministry said on  Full Article »

Amid inflation and tax hike fears, Colombia bitterly jokes about pending ‘hunger games’
Posted by Adriaan Alsema on Jan 3, 2016 3 comments

Amid inflation and tax hike fears, Colombia bitterly jokes about pending ‘hunger games’

Colombia’s poor await a tough year with soaring food prices, a possible sales tax hike and a recent increase in minimum wage that fails to curb a drop in half of the labor force’s purchasing  Full Article »

Colombia raises key rate to 5.75% to tackle inflation
Posted by Reuters on Dec 18, 2015 2 comments

Colombia raises key rate to 5.75% to tackle inflation

Colombia’s central bank raised its benchmark lending rate a quarter point on Friday to put the brakes on accelerating inflation and bolster credibility with investors who feel it should have  Full Article »

Peace with FARC would boost Colombia’s GDP growth and triple foreign investment: Govt
Posted by Adriaan Alsema on Dec 10, 2015 5 comments

Peace with FARC would boost Colombia’s GDP growth and triple foreign investment: Govt

A peace deal with FARC rebels could triple foreign direct investment in Colombia and boost its potential economic growth from 4% to 5.9%, according to the government’s planning department DNP.