March 10, 2026
Companies

EPM Confirms December 2021 Hidroituango Startup Target; September 2020 ‘CaribeMar’ Takeover

Medellin Herald
EPM general manager Álvaro Guillermo Rendón López confirmed in a televised May 7 address that the company continues to aim for a December 2021 startup of its US$5 billion, 2.4-gigawatt Hidroituango hydroelectric plant in Antioquia. In his address, Rendón revealed that the Hidroituango project is now 77.8% complete, with COP$11 trillion (US$2.8 billion) already invested
Colombian economy

Colombia Now Subsidizing Employee Payrolls & Tax Payments; Medellin Chamber of Commerce Highlights Recovery Challenges

Medellin Herald
In yet another effort to shore-up Coronavirus-crisis business liquidity, President Ivan Duque and Finance Minister Alberto Carrasquilla unveiled May 6 two new programs for payroll subsidies as well as income-tax-payment deadline delays. Under the latest “declaration of economic emergency,” all employees of micro, small, medium and large companies here that have suffered
Companies

Cementos Argos 1Q 2020 Net Income Drops 73% Year-on-Year

Medellin Herald
The Coronavirus crisis continues to slam companies as Medellin-based cement/concrete multinational Cementos Argos reported May 6 that its first quarter (1Q) 2020 net income dropped 73% year-on-year, to COP$18 billion (US$4.6million). Corporate-wide cement sales dropped 6% year-on-year, while ready-mixed concrete sales declined 16% as a result of the crisis. Earnings before
General News

Vehicle Repairs & Parts Sectors Next to Reopen; Construction Sector Opportunities Arise in Medellin

Medellin Herald
Colombia’s Transport Ministry announced May 5 that — following consultations with local Mayors — vehicle repair shops and auto-parts stores will be the next economic sectors to be freed from Coronavirus quarantines. “Based on the requests and evaluations of the municipal Mayors, the [Transport Ministry’s] Logistics and Transportation Center will approve the
Treasury Ministry Expert Committee Fears Sharp Downturn for Colombia Economy
Colombian economy

Treasury Ministry Advisory Committee: Coronavirus Could Cause 5.5% Decline in Colombia Economy This Year

Medellin Herald
Colombia’s Treasury Ministry revealed May 4 that its own “Fiscal Rule Advisory Committee” of economic analysts now fears that the Colombian economy could shrink by 5.5% this year because of the Coronavirus crisis. The “CCRF” Committee (“Comité Consultivo de la Regla Fiscal”) just undertook a new sensitivity analysis of the behavior of fiscal variables under […]
Other Norms

Quarantine to Extend to May 25, but One-Third of Colombians Could Escape it as More Economic Sectors, Rural Areas to Open with New Biosafety Protocols

Medellin Herald
Some 15 million Colombians could be freed from Coronavirus quarantine this month as a result of new flexibility measures for certain economic sectors as well as for some 800 municipalities that (to date) haven’t had a single case of Covid-19. This “Covid-free-area” exemption potentially would include large areas of rural Antioquia — but not in […]
Medellin Me Cuida' Registrations Skyrocket
Economy & Finance

More than 64,000 Companies, 785,000 Workers Registered for ‘Medellin Me Cuida’ Economic Restart

Medellin Herald
The Medellin Mayor’s Office revealed May 4 that to date, 64,366 companies have registered under the pioneering “Medellin Me Cuida” economic restart program for manufacturing and construction sectors here. According to the Mayor, of those 64,366 companies, 54,810 have presented evidence of compliance with new biosafety protocols to prevent the spread of Coronavirus. So far,

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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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