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Medellin-based insurance, pension-fund and banking-investor giant Grupo Sura announced February 24 that its full-year 2015 gross income rose 17% year-on-year, to COP8.47 trillion (US$2.6 billion), while net income came-in at COP533 billion (US$165 million).


New York’s world-famous Mount Sinai Hospital announced February 18 that it has finalized a “clinical alliance” deal with Medellin-based San Vicente Fundacion (SVF), aiming to “transform access to health care for communities within Latin America.”


Colombian Industry Growing Despite Oil-Price Crash

Thursday, 18 February 2016 08:59 Written by

The latest annual “joint industrial opinion survey” (JIOS) organized by Medellin-based Andi (Colombia’s national industrial trade association) shows that Colombia’s industrial sector continued to grow in 2015 despite the global oil-price crash that has crippled its oil-dependent neighbors.


Toronto-based Continental Gold announced February 10 that a new Colombia Constitutional Court ruling that bans mining in the high-elevation “paramo” wetlands won’t affect its big gold-mining development project in Buritica, Antioquia.


Among major events upcoming at Medellin’s Plaza Mayor convention center this year are the ExpoInmobiliaria real-estate fair February 26-28, the Global Entrepreneurship Congress (GEC) March 14-17, and the World Economic Forum (WEF) June 16-17.


A US$260 million bond float successfully organized by U.S.-based Goldman Sachs represents a big boost for Colombia’s massive “fourth generation” (4G) highway construction projects, which aim to overcome decades of logistical isolation from world markets.


Toronto-based PharmaCielo announced February 3 that it has petitioned Colombia’s Ministry of Health and the National Council on Narcotics for rights to build a marijuana farm and cannabis extract plant in the Medellin suburb of Rionegro, Antioquia.


Colombia’s national infrastructure development agency (ANI) announced in late January that progress is being made on crucial “fourth generation” (4G) highway projects (totaling COP$12 trillion/US$3.5 billion) in Antioquia, as well as the just-approved “Port Antioquia” ocean freight project.


Medellin-based XM -- Colombia’s free-market electric-power trading organization – announced February 2 that despite the “El Niño” drought phenomenon that has cut hydropower capacity, thermoelectric generators have more-than taken-up the slack.


Some 500 million Colombian flowers are expected to be exported in the run-up to February 14 (Valentine’s Day) – most of which will go to the United States, according to Asocolflores, the Colombia trade association of flower producers.


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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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