Chilean department store retailer Ripley Corp. SA plans to invest $272 million in Colombia through 2015, the company said in a Tuesday filing with local regulators. Several Chilean retailers, including…
Colombian President Juan Manuel Santos has calculated foreign direct investment in Colombia will top $13 billion for 2011, an increase of 35% on the previous year, reported newspaper El Espectador.…
Foreign direct investment (FDI) in Colombia has brought in a total of $7 billion in the first half of 2011, reported economic magazine Portafolio. The figure, reported by the Colombian…
The Colombian peso reached its highest level since July 2008 on Friday. The peso reached COP1,748.89 per U.S. dollar, a 9.6% increase since March 1. An analyst at the Banco…
Colombia’s 2010 goal for foreign direct investment (FDI) may not be met, as the divestment of foreign companies continues, reported newspaper El Tiempo on Monday. The investment goal for 2010…
Philip Morris International, an American tobacco company, announced Tuesday that Colombian authorites rejected their $452 million bid to purchase Protabaco, Colombia’s second largest tobacco company, reports The Wall Street Journal.…
Colombia’s oil exports were worth $10.27 billion in 2009, up from $6.33 billion in 2006, according to a government report released Monday. The Ministry of Mines and Energy said that…
Foreign direct investment (FDI) in Colombia fell by 12.7% in January compared to the same month last year, to $631 million, according to provisional figures from the Central Bank, reports…
Gross foreign direct investment in Colombia in 2009 stood at US$8.557 billion, far higher than expected, President Alvaro Uribe announced Tuesday. “Today, even without having added capital investment, we can…