Colombian economy

USAID, NGO Team-up on Helping Colombia’s Small Farmers

Medellin Herald October 7, 2015

The US Agency for International Development (USAID) and non-governmental organization (NGO) “Acumen” jointly announced October 5 the launch of an “Investing for Peace” initiative that aims to help promote private investment and creation of economic opportunities in poorer, rural areas of

Colombian economy

Good News, Bad News on Mining in Colombia, Antioquia This Month

Medellin Herald October 7, 2015

First, the good news: The Alliance for Responsible Mining (ARM) and Swiss watch and jewelry maker Chopard announced October 7 that several more mines in Colombia — beyond those in Antioquia — just obtained “Fairmined” certification under a joint ARM-Chopard project. “As part of their long-term CSR [corporate social responsibility] strategy, called ‘The

Colombian economy

Colombia Improving in World Economic Forum Competitiveness Index

Medellin Herald October 2, 2015

Colombia climbed five places – to 61st place — in the just-released World Economic Forum (WEF) “global competitiveness index 2015-2016.” The index ranked Switzerland number-one for “competitiveness,” followed (in order) by Singapore, the United States, Germany, Netherlands, Japan, Hong Kong, Finland, Sweden and the United Kingdom. According to

Real Estate

Real Estate in Metro Medellin: Clarifying the Picture

Medellin Herald September 21, 2015

Buying and selling real estate in metro Medellin can be a confusing and uncertain experience for foreigners, given the many legal, business, cultural and processing differences in Colombia versus the practices found in other countries. For that reason, Medellin Herald consulted with Luis H. Londoño — one of metro Medellin’s most-experienced real estate

Colombian economy

Andi: ‘Global Value Chain’ Opportunities Opening for Colombia: Part One

Medellin Herald September 15, 2015

Colombia’s economy still suffers a hangover as the oil-and-mining boom of the prior six years has predictably turned to bust, according to a new study for Medellin-based Andi, Colombia’s national industrial trade association. But a falling Colombia peso (COP) versus the surging U.S. dollar – combined with the possible emergence of a smarter, strategic tax-and-regulatory

Colombian economy

Brookings: Medellin Best in Latin America for Economic Growth

Medellin Herald September 1, 2015

A new study by the Washington, D.C.-based Brookings Institution found that Medellin surpassed all other Latin American cities in terms of per-capita economic growth  (gross domestic product, or GDP). “Medellin was the highest-performing Latin American metro area in 2014” and 12th overall in the Asia-Pacific region area studied, which includes Colombia, according to

Colombian economy

Andi: ‘Global Value Chain’ Opportunities – Part Two

Medellin Herald August 20, 2015

The “global value chain” opportunities arising for Colombian exporters — identified in a new study for Medellin-based Andi (Colombia’s national industrial trade association) – are already being exploited by several pioneering companies, and could expand much more. According to the Andi study, several pioneering exporters have already learned that the old idea of

Colombian economy

Andi: ‘Global Value Chain’ Opportunities – Part Three

Medellin Herald August 20, 2015

The “global value chain” opportunities arising for Colombian exporters — identified in a new study by Medellin-based Andi (the Colombia national industrial trade association) — are already being exploited by certain pioneering companies. According to the Andi study, these exporting companies have already learned that the old idea of sourcing raw materials and

Companies

EPM 9-Months 2018 Net Profits Rise 12% Despite Hidroituango Problems

Medellin Herald November 1, 0218

Medellin-based multinational power and utilities giant EPM announced October 31 that its nine-months 2018 net profits rose 12% year-on-year, to COP$1.7 trillion (US$528 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) also rose 12%, to COP$3.9 trillion (US$1.2 billion). So far this year, EPM has spent COP$251 billion (US$78 million)