March 7, 2026
Colombia’s GDP Growth Dips to 2.5% Rate: DANE
Economy & Finance

Colombia’s GDP Growth Dips to 2.5% Rate: DANE

Medellin Herald
Colombia’s gross domestic product (“PIB” in Spanish initials) dipped to a 2.5% annual rate in first quarter (1Q) 2016, according to the national government’s economic statistics agency (Departamento Administrativo Nacional de Estadística, DANE). While the over-all Colombian economy has taken a hit this year from the global crash in oil prices and mining profitability,
Opportunities

British Council, Dunnhumby, Netcentric, Shire, Virtuagym, GFI Seek Bilingual, High-Tech Candidates

Medellin Herald
Medellin continues to host a growing number of companies seeking high-tech and bilingual candidates, as indicated in a recent flurry of LinkedIn postings. Among the opportunities: 1. British Council: This mainly UK government-funded organization is seeking an administrative assistant for its “English for Tourism” program in Medellin. According to the posting, the
bank
Companies

Bancolombia 1Q 2016 Net Income Dips Year-on-Year

Medellin Herald
Medellin-based Bancolombia – Colombia’s largest bank with a growing international presence – on May 23 announced that its first quarter (1Q) 2016 net income fell 37% year-on-year (y-o-y), to COP$397 billion (US$129 million), reflecting the impact of Colombia’s slowing economy. However, Bancolombia’s net loan portfolio grew 21% y-o-y, “explained by organic net loan growth,
electric power
Companies

ISA, Nutresa Win Positive Bond Ratings from Fitch

Medellin Herald
Medellin-based electric power transmission giant ISA and Medellin-based multinational foods producer Grupo Nutresa both recently won debt-ratings upgrades from Wall Street bond rater Fitch Ratings. According to Fitch, ISA’s “issuer default ratings” (IDRs) have been boosted to “BBB+,” instead of the former “BBB” rating. The rating outlook remains “stable” while ISA’s senior
Companies

ISA 1Q 2016 Net Income Jumps 31% Year-on-Year

Medellin Herald
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). Earnings before interest, taxes, depreciation and amortization (EBITDA) hit COP$779 billion (US$229 million) in 1Q 2016 — with a 50.5% EBITDA margin,

Post Gallery

Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.

medellin.herald@gmail.com

COL (4) 386 06 27

USA (1) 305 517 76 35

Medellin, Antioquia, Colombia

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.