Business 653
Colombia Congress Rubber-Stamps ‘Peace’ Deal with FARC
Thursday, 01 December 2016 09:31 Written by Roberto Peckham
With the opposition Centro Democratico party boycotting the votes, Colombia’s House of Representatives and Senate voted unanimously November 29 and November 30 to approve a revised “peace” deal with the narco-terrorist Fuerzas Armadas Revolucionarias de Colombia (FARC).
Grupo Argos 3Q 2016 Net Profit Jumps 39% Year-on-Year
Wednesday, 30 November 2016 15:07 Written by Roberto Peckham
Medellin-based construction, energy, cement and port-operator giant Grupo Argos announced November 29 that its third quarter (3Q) 2016 net profits jumped 39% year-on-year, to COP$880 billion (US$286 million) on sales of COP$10.8 trillion (US$3.5 billion), up 24%.
Exito 3Q 2016 EBITDA Improves, but Posts Net Loss
Wednesday, 30 November 2016 14:30 Written by Roberto Peckham
Medellin-based retail giant Exito reported November 29 that its third quarter (3Q) 2016 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 4.2% year-on-year, to COP$732 billion (US$238 million) on sales of COP$16.5 trillion (US$5.36 billion), up 12.5%.
Netcentric Boosting High-Tech Hiring in Medellin
Friday, 18 November 2016 10:27 Written by Roberto Peckham
Investment promotion agency Agencia de Cooperación e Inversión de Medellín (ACI Medellín) announced November 17 that Switzerland-based software developer Netcentric aims to boost hiring dramatically in Medellin over the next four years.
Colombia Government, FARC Ink Revised ‘Peace’ Deal
Sunday, 13 November 2016 07:58 Written by Roberto Peckham
Colombia President Juan Manuel Santos announced November 12 that his government and the Fuerzas Armadas Revolucionarias de Colombia (FARC) have signed a revised “peace” agreement following five weeks of talks that took place in the wake of a national plebiscite.
