March 10, 2026
General News

Thousands of Manufacturers, Construction Companies Respond to Biosafety Protocols; Medellin, Antioquia Gradually Returning to Work

Medellin Mayor Daniel Quintero revealed April 27 that more than 50,000 metro-area workers in manufacturing and construction already have returned to work — following a pioneering business/worker registration system for addressing the Coronavirus quarantine crisis. Passengers on the Medellín “Metro” train, bus, tram and cable-car system increased by 10% on April 27
Banking & Financial Services

Bancolombia Extends US$4.3 Billion in Low-Interest Payroll Loans to 293,000 Small Businesses Following President Duque’s Prodding on Coronavirus-Crisis Aid

Medellin-based banking giant Bancolombia announced April 27 that it has approved COP$17.4 trillion (US$4.3 billion) in payroll-coverage loans to 293,000 small, medium and independent businesses in Colombia via a new National Guarantee Fund (FNG) Coronavirus-crisis program. Under the FNG program, the government of Colombia is assuming 90% of the payback risk, thus helping
Companies

Hidroituango Hydroelectric Project Repairs 65% Complete at 2-Year Anniversary of Tunnel Collapse

Medellin-based electric power giant EPM announced April 25 that the US$5 billion, 2.4-gigawatt “Hidroituango” hydroelectric power project in Antioquia – one of the world’s biggest — continues to make progress following a destructive bypass tunnel collapse two years ago. That collapse and subsequent damage to the machine room and related facilities caused a three-year
Companies

Hidroituango Hydroelectric Project Repairs 65% Complete at 2-Year Anniversary of Tunnel Collapse

Medellin-based electric power giant EPM announced April 25 that the US$5 billion, 2.4-gigawatt “Hidroituango” hydroelectric power project in Antioquia – one of the world’s biggest — continues to make progress following a destructive bypass tunnel collapse two years ago. That collapse and subsequent damage to the machine room and related facilities caused a three-year
Companies

Nutresa 1Q 2020 Profits Rise 9% Year-on-Year

While most Colombia-based companies are getting clobbered by the Coronavirus crisis, companies making and selling groceries and prepared foods through stores to date are doing relatively well. Example: Medellin-based multinational foods giant Grupo Nutresa on April 24 reported a COP$190 billion (US$47 million) consolidated net profit for first quarter (1Q) 2020, up 9.1%
Economy & Finance

Medellin & Antioquia Sales Crashing; Business Liquidity Vanishing; 130,000 Jobs Lost Here in Coronavirus Crisis

The Medellin Chamber of Commerce for Antioquia (CCMA) just revealed a new study indicating that the Coronavirus quarantine costs the local economy here at least COP$170 billion (US$42 million) every day — and 95% of businesses have seen sales drop anywhere from 80% 100% during the crisis. As a result, Antioquia regional gross domestic product (“PIB” in […]
Editorial

Colombia’s Governors, Mayors Overwhelmingly Support President Duque on Coronavirus Controls; but Bogota Mayor Starts Tilting at Windmills

Colombia’s main trade associations for departmental governors and mayorships just endorsed what most Colombians view as President Ivan Duque’s rational, science-driven and politically reasonable handling of the Coronavirus crisis. The National Federation of Departments (FND) and the Colombian Federation of Municipalities (FCM) on April 22 publicly endorsed President