Companies

Enka Full-Year 2020 Profits Stable, but Coltejer Losses Worsen

Medellin Herald February 11, 2021

Medellin-based textile and plastics-recycling giant Enka Colombia announced February 10 that its full-year 2020 profits rose to COP$15.2 billion (US$4.3 million), up slightly from COP$15 billion (US$4.25 million) in full-year 2019. Earnings before interest, taxes, depreciation and amortization

General News

Medellin Mayor Fires EPM General Manager with No Explanation Why

Medellin Herald February 2, 2021

In what critics see as a disturbing habit of recklessness and political capriciousness, Medellin Mayor Daniel Quintero and his hand-picked Board of Directors of city-owned public utility EPM on February 1 fired EPM general manager Álvaro Guillermo Rendón. Rendón — himself hand-picked by Quintero to take over as EPM general manager in January 2020 upon […]

Health & Insurance.

Covid-19 Tests Now Available at Medellin’s JMC International Airport

Medellin Herald January 31, 2021

Medellin-based Healtix Home IPS and Bogota-based WTA Latam IPS jointly announced January 29 the start-up of Covid-19 testing services at Medellin’s José María Córdova (JMC) international airport in Rionegro. “From today, our airport will have a laboratory to carry out Covid-19 detection tests,” according to a bulletin from JMC. “This service will be provided by […]

Editorial

Medellin Mayor’s Favorability Ranking Plummets in Invamer Poll

Medellin Herald January 30, 2021

The latest Invamer poll of voting-age residents here (see: https://www.scribd.com/document/492368867/Informe-INVAMER-Poll-140#from_embed\) finds that Medellin Mayor Daniel Quintero’s favorability rating has plunged from 84% at the start of his term in 2020 to just 55% today, with unfavorability rising to 42%, from just 12% initially. What’s more, 56% of Medellin residents

Health & Insurance.

1st Covid-19 Vaccinations Here Start February 20; 35 Million People Covered by End-2021

Medellin Herald January 30, 2021

Colombia Health Minister Fernando Ruiz announced last night (January 29) that the first 337,000 doses of Covid-19 vaccine will be administered starting February 20. Thanks to recent purchase deals, “Colombia has secured the 35 million vaccines necessary to immunize 70% of its population against Covid-19, with which we will achieve herd immunity,” according to the […]

Companies

Ecopetrol Unveils US$3.8 Billion Bid for 51% of Medellin-Based Electric Power Giant ISA

Medellin Herald January 27, 2021

Colombia’s mostly state-owned Ecopetrol oil company announced January 27 that it’s making a bid worth an estimated US$3.8 billion for the Colombian government’s existing 51% share stake in Medellin-based multinational electric power transmission giant ISA. The bid, if successful, would help boost Colombia’s government finances because Ecopetrol soon would sell more of its

Companies

Ecopetrol Unveils US$3.8 Billion Bid for 51% of Medellin-Based Electric Power Giant ISA

Medellin Herald January 27, 2021

Colombia’s mostly state-owned Ecopetrol oil company announced January 27 that it’s making a bid worth an estimated US$3.8 billion for the Colombian government’s existing 51% share stake in Medellin-based multinational electric power transmission giant ISA. The bid, if successful, would help boost Colombia’s government finances because Ecopetrol soon would sell more of its

Companies

Sura, Axa, SBS, Mapfre Payments Net EPM US$1.1 Billion in Hidroituango Insurance Claims

Medellin Herald January 24, 2021

Medellin-based electric power giant EPM announced last night (December 23) that in addition to the US$983.4 million (COP$3.84 trillion) that project insurer Mapfre is paying for Hidroituango hydroelectric-project damages, Medellin-based insurance giant Sura just paid an additional US$100.6 million for “civil director” claims also arising from a 2018 diversion-tunnel

Other Norms

‘Pico y Cedula’ Shopping Restrictions Extended Through January 26

Medellin Herald January 20, 2021

Antioquia Governor Anibal Gaviria announced last night (January 19) that “pico y cedula” shopping restrictions will hit the entire Medellin metro area (including “Oriente”) starting the first minute of Thursday, January 21, until midnight Tuesday, January 26. In addition, curfews will be imposed from 10 pm today (Wednesday) until 5 am daily through January 26. […]

Infrastructure

‘Doble Calzada Oriente’ Highway Wins Construction OK; New Link Between Medellin, Booming Eastern Municipalities

Medellin Herald January 20, 2021

The long-awaited “doble calzada oriente” (DCO) four-lane divided highway between Medellin’s “Las Palmas” eastern highway and the Jose Maria Cordova (JMC) international airport just won a final approval from the Antioquia departmental government. As a result, construction on the COP$926 billion (US$265 million), 13.7-kilometers-long project will start this