A business cartel that fixed prices of military rations defrauded Colombia’s armed forces for more than $16 million (COP47 billion), according to the country’s industry watchdog. The Superintendency for Industry…
Colombia’s Superintendency for Trade is investigating 12 companies for allegedly bribing foreign public officials, according to newspaper El Tiempo. While a dozen organisations are under investigation, the spotlight has been…
Colombia’s tax payer may have to pay $5 billion in fines to foreign mining companies after losing almost $300 billion through the mismanagement of mining royalties. The latest revelations are…
Colombia’s geographic position and natural resources present promise for integrating renewable energies into its electric grid. There are also major challenges, however. Alfredo Parres, Vice President of ABB Group, a…
For the 15th time this century, Colombia on Wednesday began a process to remove three zeros from its national currency, the peso, in an effort to simplify accounting and hurt…
Colombia’s business association fears that tariffs on iron and aluminium announced by US President Donald Trump could severely disrupt the local industry. According to Bruce Macmaster, the president of business…
Foreign direct investment in Colombia went up almost 5% in 2017, the country’s central bank announced on Tuesday. Companies from 46 countries invested a total of $14.5 billion last year…
The International Monetary Fund (IMF) urged Colombia on Monday to diversify its economy and seek increased foreign investment in the fossil fuel sector as oil reserves could deplete in seven…
Colombia’s oil and mining agency ANH announced on Tuesday that, thanks to the discovery of two new wells, the country has oil reserves for another seven years. The discovery of…