Colombia’s government seeks an increase in tax revenue of at least $10B to finance its budget and help the poor to overcome the economic crisis caused by the coronavirus pandemic.…
The economic crisis caused by the coronavirus pandemic destroyed almost 9% of Colombia’s small businesses, according to a government poll. Statistics agency DANE said Wednesday that its annual small business…
Multinational Glencore’s subsidiary in Colombia said Thursday that it will abandon its mining interests amid dropping profits, and growing human rights and environmental concerns. In a press release, Glencore subsidiary…
The estimated net worth of Colombia’s richest men is much higher than what anyone allegedly reported to tax authority DIAN without this spurring an investigation. Questioning the wealth of billionaires…
As Colombia’s formal economy is struggling to recover from the coronavirus, many are resorting to informal labor after losing their formal jobs. According to statistics agency DANE, the country’s 2020…
Colombia’s second richest man, Jaime Gilinski, likes to avoid attention as the legitimacy of the country’s “nouveau riche” is questionable. The banking mogul and his family over the past decades…
Colombia’s industry watchdog slapped the banking and construction corporation of the country’s richest man with a major fine, claiming its corruption violated free market principles. The fine imposed on Luis…
Colombia’s government neglect is impeding the country’s economic recovery as entrepreneurs are blacklisted by banks who are waiting for the approval of a grace period. Congress approved the “clean slate…
Colombia’s central bank elected IMF executive Leonardo Villar as its new president, a position resigned Finance Minister Alberto Carrasquilla had put his eyes on. The candidacy of Carrasquilla caused unrest…