Monday, April 24, 2017

Medellin-based ISA – operator of Colombia’s national electric power transmission network – announced May 2 that its first quarter (1Q) 2016 net income rose 31.3% year-on-year (y-o-y), to COP$192 billion (US$65 million).


Medellin-based multinational food producer Grupo Nutresa announced April 29 that its first quarter (1Q) 2016 sales jumped 21.9% year-on-year (y-o-y), to COP$2.1 trillion (US$738 million).


In a new campaign aiming to slash water and land pollution caused by reckless disposal of plastic grocery bags, Medellin-based retail giant Exito is teaming-up with Colombia’s Environment Ministry and the World Wildlife Fund (WWF) to promote broader adoption of reusable grocery bags.


The multi-billion-dollar business of gold mining in Antioquia has suffered enormously from decades of violence, land invasions, murders, extortions, environmental destruction, illegal and “informal” mining, as well as the intromission of guerrilla and “paramilitary” groups.


U.S.-based JP Morgan Chase Foundation, entrepreneurship developer Endeavor Colombia and Colombia-based educational institute Corporation Las Mercedes jointly announced April 21 that they’re teaming-up on a new program that will train 130 local information technology (IT) programmers and software developers.


Medellin-based power transmission giant ISA announced April 14 that it managed to offset 100% of its total greenhouse gas (GHG) emissions via a reforestation project in Bajo Cauca, Antioquia.


Medellin’s Parque Explora and Planetarium announced that they will host the International Astronomical Union (IAU) annual congress May 16-20 with delegates from more than 40 countries.


Medellin-based public utility EPM announced April 23 that it partially restored output from its 560-megawatt (MW) “Guatape” hydroelectric plant in Antioquia – more than a week earlier than planned.


The latest quarterly report from Colombia’s currency regulator (Banco de la Republica) shows that foreign direct investment (FDI) in petroleum and mining in Colombia during first quarter (1Q) 2016 dropped sharply year-on-year (y-o-y), to US$1.2 billion, from US$3 billion in 1Q 2015.


Colombia’s national statistical agency (DANE) announced April 14 that industrial production jumped 8.2% year-on-year (y-o-y) in February 2016 -- the latest month for which statistics are available -- versus a 1% y-o-y net decline in industrial output in February 2015.


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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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