March 9, 2026
Fabricato 3Q 2021 Profits Soar Year-on-Year
Companies

Fabricato 3Q 2021 Profits Soar Year-on-Year

Medellin Herald
Medellin-based textile giant Fabricato reported November 6 that its third quarter (3Q) 2021 net profit came in at COP$11.1 billion (US$2.86 million), a big reversal from the COP$3.3 billion (US$852,000) net loss in 3Q 2020. As for the first nine months of 2021, net income reached COP$12.1 billion (US$3.1 million), up from a COP$22 billion […]
Health & Insurance.

Colombia Soaring Past 20 Million Covid-19 Vaccinations; Private Companies Joining

Medellin Herald
Colombia this week will surpass 20 million Covid-19 vaccinations — and seems likely to surpass its goal of 25 million by end-July, according to latest Health Ministry forecasts. Meanwhile, more than 1.25 million employees of nearly 6,000 private companies nationally this week are starting to get free Covid-19 shots thanks to massive investments by member-companies
General News

Antioquia Toll-Booth Worker Burned to Death by Colombia’s Extremist ‘Protesters’

Medellin Herald
Colombia’s national infrastructure agency INVIAS announced July 6 that Antioquia highway toll-booth worker Luis Fernando Álvarez Correa has just died of massive burns suffered as a result of a terrorist “protester” attack on the “Los Llanos” highway toll booth in Antioquia last month. The 38-year-old Álvarez is just the latest of thousands of victims of […]
ISA, Isagen, UNE-EPM Hit By Corporate Debt Downgrades
Companies

Update: Grupo Sura Debt Downgrade Added to That of EPM, ISA, UNE-EPM, Isagen, City of Medellin

Medellin Herald
Wall Street bond rater Fitch Ratings announced July 20 that it has added Medellin-based multinational financial/insurance giant Grupo Sura and banking giant Bancolombia to a growing list of Colombian companies and municipalities suffering debt-ratings downgrades because of Colombia-wide economic problems resulting from the Covid-19 crisis. “This decision on the part
Covid-19 Crisis Hurt Colombia's Debt Ratings
Colombian economy

Colombia’s Short-Term Debt Ratings Suffer Downgrade, but Outlook Improves to ‘Stable’

Medellin Herald
Wall Street bond rater Fitch Ratings announced last night (July 1) that it has downgraded Colombia’s “Long-Term Foreign-Currency” (LTFC) and local currency “Issuer Default Ratings (IDR)” to ‘BB+’ from ‘’BBB-,’’ but Colombia’s debt outlook is now revised to “stable,” up from the prior rating of “negative.” “The [LTFC] downgrade reflects the deterioration of the
Infrastructure

‘Magdalena 2’ Connecting Medellin to ‘Ruta del Sol’ Highways Wins US$740 Million Finance

Medellin Herald
Colombia’s infrastructure agency (Agencia Nacional de Infraestructura, ANI) announced today (June 30) that the “Magdalena 2” project linking Medellin northward to the “Ruta del Sol” highways just won a COP$2.8 trillion (US$740 million) loan deal organized by Colombian coordinator Financiero de Desarollo Nacional (FDN). The loan deal for ANI’s “Magdalena 2” concession

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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.

 

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