Finance minister Alberto Carrasquilla is under fire for allegedly abusing his position as finance minister to rip off one in 10 of Colombia’s municipalities for personal gain. Carrasquilla was already…
Colombia’s central bank has ruled out the prospect of it making any intervention if the peso continues to weaken, reported Reuters on Tuesday. Juan Jose Echavarria, governor of Colombia’s central bank,…
Colombia’s capital Bogota expects to attract $250 million in foreign investment contracts this year, according to the city’s investment agency, Invest in Bogota. Agency officials said in a meeting Friday that…
A week after proposing to tax lower class incomes, Colombia’s finance minister on Thursday proposed to introduce sales tax on basic food products. The proposal of Finance Minister Alberto Carrasquilla…
Colombia’s finance minister announced the government will seek more tax revenue from lower class incomes, while cutting corporate tax rates. The announcement by Finance Minister Alberto Carrasquilla comes little more…
Colombia’s central bank said Tuesday it is not concerned about the loss of value of the peso against the US dollar amid international security over a trade war between the…
Brazilian engineering firm Odebrecht is suing Colombia over profits it lost after the multinational was caught bribing public officials, local media reported Thursday. According to radio station Blu, the disgraced…
Colombia’s President-elect Ivan Duque on Wednesday reappointed the controversial former finance minister of his political patron, former President Alvaro Uribe. Incoming Finance Minister Alberto Carrasquilla is an economist and investment…
Colombia’s State Council confirmed that Swiss multinational Holcim took part in an international business cartel that illegally fixed cement prices. The Swiss multinational was convicted to a 923 million-peso ($300,000)…