By Admin Wednesday, March 10, 2010
The Chilean earthquake had a negative impact on the country’s economic expectations, reflected by a fall in the stock market and a rise in expected inflation. Positive activity data flow across the region this week (Brazilian, Colombian and Mexican industrial production, GDP data in Peru, IMACEC in Chile). On the other hand, the conflict over the use of reserves to secure payment of debt maturing this year has been flared up again in Argentina.
Colombia’s AIRES going strong in FloridaBy Admin Wednesday, March 10, 2010
Colombian low-cost carrier AIRES is seeing such a strong response to its launch of services to South Florida that it is adding more service to the region in preference to opening a second destination in the US.
By Admin Wednesday, March 10, 2010
This databook provides key data and information on the pasta and noodles market in Colombia. This report is a comprehensive resource for market, category and segment level data including value, volume, distribution share and company & brand share. This report also provides expenditure and consumption data for the historic and forecast periods.
Emerging Markets Investing 2010, Colombia Is Open for BusinessBy Admin Saturday, March 6, 2010
Following a recent group email exchange with Louis James, the truly tireless editor of Casey’s International Speculator currently kicking rocks in Colombia, one of the non-Casey Research participants in the exchange commented, “You guys are doing it right. How many research shops have emails that start out with ‘Greetings from Medellin’?”
Carboandes has invested roughly US$3.4mn in Boyacá - ColombiaBy Admin Saturday, March 6, 2010
By Harvey Beltrán / Business News Americas
Colombian company Carbones de los Andes (Carboandes) has invested approximately US$3.4mn over three years in the town of Rondón in the country’s Boyacá department, general manager María Victoria Saade told BNamericas.
“Investments have been made in various different fields, from exploration to social and environmental development,” she said.
By Admin Friday, March 5, 2010
La Cortez Energy, Inc. ("La Cortez” or the “Company") (OTC Bulletin Board: LCTZ) and Avante Petroleum S.A. ("Avante") are pleased to announce the signing of a stock purchase agreement for and simultaneous closing of La Cortez’ acquisition of Avante’s subsidiary Avante Colombia S.a.r.l. ("Avante Colombia") in exchange for common stock of La Cortez. The purchase includes Avante Colombia’s Colombian branch, Avante Colombia Ltd Sucursal. Avante holds interests in oil fields covering 11,535 acres in the Catatumbo region in northeast Colombia.
Senators warn Obama on EU trade competitionBy Admin Friday, March 5, 2010
US senators from both parties on Wednesday (3 March) pressured the Obama administration to implement free trade agreements with South Korea and Colombia, warning of competition from the EU, which recently clinched similar deals.
Washington’s free trade agreements with Colombia, Panama and South Korea were signed during the George W. Bush administration, but their implementation has been blocked for some three years now due to opposition from Barack Obama’s own Democratic Party.
Colombia: A New Gold Rush?By Admin Friday, March 5, 2010
For many investors, Colombia remains a grey spot on their mental maps of South America. La Violencia, the 50-year dark age in its recent past, came to an end with the close of the 20th century. But the memories are fresh, and the impact on the local economy and international perceptions of the country lingers. This reputation still prevents most foreigners from investigating Colombia’s potential – and that spells opportunity.
Grupo Buscapé buys colombian electronic payment site PagosOnline.netBy Admin Friday, March 5, 2010
That’s it! The value of the purchase by the brazilians was not revealed but it’s said they now own 75% of the company. By the way, almost nothing was revealed about this new acquisition from the heroes of the brazilian startup scene: no traditional press coverage and just a bit mentioned on Twitter (only some colombians retweeting the same 2 colombian posts - and it doesn’t mean we have relentlessly adopted every imaginable method of acquiring information).
Colombian Foreign Minister Jaime Bermudez to lobby Australia for APEC seatBy Admin Thursday, March 4, 2010
AUSTRALIA will be pressed to open a consulate in Bogota and help Colombia gain membership of the Asia Pacific Economic Cooperation grouping APEC, when Foreign Minister Jaime Bermudez arrives on his first official visit to Australia later this month.
As a founding member of APEC and an influential regional player, Australian support for Colombia’s membership bid is essential and the issue is expected to dominate official talks when Mr Bermudez meets Foreign Minister Stephen Smith on March 18, he said.
