Business 653
Cormagdalena to Consider PowerChina Dredging Proposal on March 8
Friday, 24 February 2017 11:54 Written by Roberto Peckham
Cormagdalena – the Colombian government agency overseeing a proposed dredging project for the Magdalena River – announced February 22 that it had received a letter of intent from PowerChina Limited Colombia (PCLC) that would assume control of the long-stalled project.
Celsia’s 2016 EBITDA, Net Income Both Rise Year-on-Year
Friday, 24 February 2017 11:31 Written by Roberto Peckham
Medellin-based electric power producer Celsia reported February 21 that its full-year 2016 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 51% year-on-year, to COP$1.03 trillion (US$357 million) – an all-time-record.
Bancolombia 2016 Profits Jump 13.8% Year-on-Year
Friday, 24 February 2017 10:20 Written by Roberto Peckham
Medellin-based Bancolombia – Colombia’s biggest bank – on February 21 announced that its 2016 full-year profits rose 13.8% year-on-year, to COP$2.86 trillion (US$994 million).
Colombia’s Industrial Manufacturing Rebounded Sharply in 2016: DANE
Tuesday, 14 February 2017 14:57 Written by Roberto Peckham
Colombia’s national economic statistical agency -- Departamento Administrativo Nacional de Estadística, DANE -- reported February 14 that its latest monthly manufacturers’ survey (Encuesta Mensual Manufacturera, EMM) shows a strong industrial rebound for full-year 2016.
Antioquia’s ‘Flores El Capiro’ Wins International Award; Valentine’s Day Exports Surge
Wednesday, 08 February 2017 13:52 Written by Roberto Peckham
Medellin-based flower exporter Flores El Capiro recently won the International Association of Horticultural Producers (AIPH) “International Grower of the Year” award at a ceremony in Essen, Germany.
