Monday, March 19, 2018

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Roberto Peckham

Medellin-based power giant EPM announced March 25 the successful delivery of the last of eight groups of replacement cables and related equipment for repairing its 560-megawatt (MW) “Guatape” hydroelectric plant in Antioquia.

Companies large and small continue to advertise for bilingual employees with high-tech skills in Medellin.

Medellin’s world-famous “Metro” transit system – featuring electric railcars, electric roadway trams, electric aerial tramways carrying passengers up steep mountainsides, natural-gas-powered bus rapid transit (BRT) systems and free bicycles adjacent to Metro stations – mobilized 258 million passengers in 2015, up 9.8% year-on-year.

ProColombia – the national government’s export promotion agency – on March 16 touted Medellin-based, high-tech-sensor maker Ubidots as an outstanding example of successful international business development.

On the heels of reporting a 60% jump in profits last year, Medellin-based gold miner Minerors SA released its latest annual “sustainability” report showing that company-wide environmental spending rose to COP8.96 billion (US$2.9 million) in 2015, up from COP6.79 billion (US$2.2 million) in 2014.

Dutch Caribbean airline InselAir announced March 8 that -- thanks to the recent relaxation of visa requirements – it will resume twice-a-week nonstop flights from Medellin’s international airport at Rionegro to the Caribbean island of Aruba.

Bancolombia – already Colombia’s biggest bank and now operating in 10 countries in Latin America – on March 9 reported a 21% year-on-year (y-o-y) jump in fourth quarter (4Q) 2015 net income, to COP656 billion (US$207.9 million).

The U.S. Agency for International Development (USAID) announced March 4 the launch of “Oro Legal” projects aiming to promote environmentally and socially responsible gold mining in Antioquia and Chocó departments.

Medellin-based national power generator Isagen reported March 3 that its full-year 2015 net income dipped 17% year-on-year (y-o-y), to COP297 billion (US$93 million), due to higher taxes and higher costs for dollar-denominated debt that financed construction of its new, 805-megawatt (MW) “Sogamoso” hydroelectric plant.

Medellin-based textile manufacturer Fabricato revealed February 24 in a filing with the Superintendencia Financiera de Colombia that its fourth quarter (4Q) net income rose to COP4.9 billion (US$1.5 million), up from a net loss of COP11.6 billion (-US$3.6 million) in 4Q 2014.

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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.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

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Medellín Photo Galery

Medellin, contrasting colors and styles by Gabriel Buitrago