November 3, 2025
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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
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 […]
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,
EPM's 2.4-Gigawatt 'Hidroituango' Hydroelectric Dam in Antioquia
Companies

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

Medellin Herald
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 Herald
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

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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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