Posted by Adriaan Alsema | Feb 22, 2012 | Economy
Almacenes Exito SA (EXITO.BO) posted a net profit of 389.5 billion Colombian pesos ($219 million) last year, a 53% increase from 2010, Colombia’s largest retailer said in a statement Tuesday. Operating revenue reached...
Read MorePosted by Adriaan Alsema | Feb 21, 2012 | News
Medellin’s former mayor claimed Tuesday that fake members of demobilized paramilitary organization AUC took part in the city’s reintegration program. While testifying at the trial of four ex-members of the AUC,...
Read MorePosted by Adriaan Alsema | Feb 21, 2012 | Lite
Barranquilla crowned the queen of queens Monday in the city’s traditional carnival beauty pageant. Local beauty Lina Machado took over the honor of last year’s winner Yesenia Consuegra. Apart from the honor, the...
Read MorePosted by Adriaan Alsema | Feb 21, 2012 | Economy
Colombia formally launched its oil block auction for 2012, the latest effort by the country to attract foreign investment into its booming oil industry. Orlando Cabrales, the head of the government’s National Oil Agency,...
Read MorePosted by Adriaan Alsema | Feb 21, 2012 | Economy
Colombia’s benchmark index rose Monday for a sixth straight session, on this occasion fueled by gains in the shares of Pacific Rubiales Energy (PRE.T), while the peso continued to strengthen against the dollar. The Colcap...
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