Monday, May 29, 2017

Cormagdalena – the Colombian government agency overseeing a proposed dredging project for the Magdalena River – announced February 22 that it had received a letter of intent from PowerChina Limited Colombia (PCLC) that would assume control of the long-stalled project.


Medellin-based electric power producer Celsia reported February 21 that its full-year 2016 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 51% year-on-year, to COP$1.03 trillion (US$357 million) – an all-time-record.


Medellin-based Bancolombia – Colombia’s biggest bank – on February 21 announced that its 2016 full-year profits rose 13.8% year-on-year, to COP$2.86 trillion (US$994 million).


As the late North American philosopher A.B. Johnson once quipped, “mighty oaks from little acorns grow” – which aptly describes the nurturing work of Medellin-based Fundacion Marina Orth (FMO), founded in 2007 by U.S. journalist Maureen (Marina) Orth.


Colombia’s national economic statistical agency -- Departamento Administrativo Nacional de Estadística, DANE -- reported February 14 that its latest monthly manufacturers’ survey (Encuesta Mensual Manufacturera, EMM) shows a strong industrial rebound for full-year 2016.


Colombia’s civil aviation authority (Aeronautica Civil de Colombia, ACC) announced February 13 that Medellin’s international airport (Jose Maria Cordova, JMC) saw 2016 passenger counts jump 11.3% year-on-year, to 7.68 million.


Foreign tourism to Medellin continues to grow at a fast clip, according to latest statistics provided to Medellin Herald from the Medellin Convention & Visitors Bureau.


Medellin-based flower exporter Flores El Capiro recently won the International Association of Horticultural Producers (AIPH) “International Grower of the Year” award at a ceremony in Essen, Germany.


Colombia’s National Police (Policia Nacional de Colombia, PNC) announced February 3 that they have captured the accused murderer of Japanese tourist Ryo Izaki.


Cormagdalena – the Colombian government agency overseeing a proposed dredging project that would dramatically improve freight movements on the Magdalena River – announced January 31 that project developer Navelena now faces a February 22 deadline to present a new financing scheme.


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SILLETEROS PARADE 2016 by JOHN AND DONNA STORMZAND (click to enlarge)

MEDELLÍN PHOTOS by Gabriel Buitrago (click to enlarge)

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About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

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