March 10, 2026
General News

Colombia President: Some Coronavirus Restrictions to Continue Past April 13; Emergency Funding Scheme Debuts

Colombia President Ivan Duque announced March 25 that certain measures designed to contain the spread of Coronovirus will continue past the presumptive expiration of the national quarantine on April 13. The announcement came on the heels of a March 25 bulletin from the Ministry of Health indicating that confirmed Coronavirus cases rose to 470 nationally, […]
Companies

EPM Maintains Investment-Grade Rating Following ‘CaribeMar’ Deal; Colombia Power Demand Dips on Coronavirus Crisis

Medellin-based electric power giant EPM announced March 24 that Wall Street bond rater Moody’s just decided to maintain EPM’s “Baa3” investment-grade bond rating following its winning bid for the “CaribeMar” utility in Colombia’s Caribbean region. “After the analysis of non-recurring issues that the company has been going through — such as the [three-year
General News

Drastic Quarantine Starts 7 pm March 20 on All Residents, Vehicles, Restaurants, Meetings, Gatherings

Antioquia Governor Anibal Gaviria and Medellin Mayor Daniel Quintero jointly announced March 19 a drastic quarantine for nearly all people, vehicles, restaurants, meetings, public spaces and many other activities starting at 7 pm Friday, March 20 (this evening), until 3 am Tuesday, March 24. The quarantine aims to slash potential exposures to the deadly Coronavirus, […]
Companies

EPM Wins ‘CaribeMar’ Utility Auction, Becomes Colombia’s Biggest Electric Power Player

Medellin-based multinational electric power giant EPM announced March 20 that it won the auction bidding for the “CaribeMar” assets formerly belonging to the financially troubled, state-owned “Electricaribe” power utility around the Caribbean coast of Colombia. As a result, EPM “will be the new operator of the electric power service in Bolívar, Cesar, Córdoba and Sucre”
Companies

ISA Full-Year 2019 Net Income Rises 7.5% Year-on-Year

Medellin-based multinational electric power transmission, highways concessions and telecom service provider ISA announced March 4 that its full-year 2019 net income rose 7.5% year-on-year, to COP$1.6 trillion (US$457 million). Revenues rose 12.5% year-on-year, to COP$8.1 trillion (US$2.3 billion), while earnings before interest, taxes, depreciation and amortization
Colombian economy

Foreign Direct Investment in Colombia Jumps 25% Year-on-Year; Exports Hit Record

Colombia’s Ministry of Commerce, Industry and Tourism (“MinCIT”) announced March 3 that Colombia’s exports of goods and services in 2019 hit a record US$25.29 billion, while foreign direct investment (FDI) in Colombia soared 25.6% year-on-year, to US$14.49 billion. FDI in the commerce, restaurants and hotels sector jumped by 85.7% year-on-year, according to Banco de