December 11, 2025
Colombia President Gustavo Petro (left), ANDI President Bruce MacMaster
Colombian economy

Petro, Colombia’s Business Sectors: Economic Goals Similar, but Smart Pathways Must Emerge

Medellin Herald
Colombia’s new President Gustavo Petro and Colombia’s business trade associations are publicly endorsing broad goals for boosting economic growth, improving the lot of poorer populations, cutting income inequality and moving toward a “greener” future. But the national tax proposal put forward by Petro and his Finance Minister this month ironically might only help the poor
Companies

Grupo Argos 2Q Net Income Rises 5% Year-on-Year

Medellin Herald
Medellin-based multinational cement, electric power, highways/airport concessionaire and real-estate giant Grupo Argos announced August 12 that its second quarter (2Q) consolidated net income rose 5% year-on-year, to COP$411 billion (US$98.7 million). Revenues jumped 46% year-on-year, to COP$5.9 trillion (US$1.4 billion), while earnings before interest, taxes, depreciation
Grupo Orbis 1H 2022 Net Profit Dips Year-on-Year
Companies

Grupo Orbis 1H 2022 Net Profit Dips Year-on-Year

Medellin Herald
Medellin-based paints, chemicals and hardware multinational Grupo Orbis – now a division of Netherlands-based AkzoNobel – on August 12 reported a first-half (1H) 2022 net profit of COP$19.3 billion (US$4.6 million), down from COP$22.9 billion (US$5.5 million) in 1H 2021. Gross income was basically flat year-on-year, at COP$897 billion (US$215 million), according to
Fabricato 2Q 2022 Net Income Best in Five Years
Companies

Fabricato 2Q 2022 Net Income Best in Five Years

Medellin Herald
Medellin-based textile giant Fabricato announced August 12 that its second quarter (2Q) 2022 net income hit COP$5.1 billion (US$1.22 million) – its best quarter in five years — while first-half (1H) 2022 net income is up 110% year-on-year. Sales during 2Q 2022 also hit levels not seen since 2013, at COP$235 billion (US$56.5 million), while […]

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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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