Economy

Colombia’s state-controlled oil company Ecopetrol ECO.CN will offer bonds denominated in U.S. dollars to help finance its 2009 investment plan, the firm said in a statement. Barclays Capital and JP…

Philip Morris International Inc said on Friday it has agreed to buy Colombia’s second-largest cigarette maker for $452 million, expanding the world’s largest non-state-owned tobacco company’s presence in Latin America.…

Colombia President Alvaro Uribe called on US businesses to invest in his country when speaking before a business forum in Sun Vally, Idaho Thursday. According to its President, “Colombia is…

The U.S. Treasury Department Thursday announced it’s freezing the assets of alleged Medellin, Colombia-based drug trafficker Francisco Antonio Florez Upegui and more than a dozen other individuals and entitities thought…

Colombia’s export federation Analdex thinks exports this year will drop 10% compared to 2008, because of the global economic crisis and its effects on the United States, Venezuela and Ecuador.…

Private security firms are Colombia’s newest growth industry. The security industry earned more than the traditional sectors of banana and flower cultivation in 2008, according to a financial study released…

Colombia’s Banco Popular said on Monday it will sell $1.4 billion in peso-denominated bonds, taking advantage of high liquidity in local markets. The privately owned bank issued a statement announcing…

Poverty in Colombia is decreasing, the National Planning Department (NPD) announced Sunday. The Presidential financial advisory department will release an official report on poverty in the nation at the end…

Colombia posted a trade deficit of $106.4 million in April versus a surplus of $183 million in the same month last year, the government said on Friday. Colombian exports slumped…