Finance

Inbound tourism generated $5.619 billion in foreign currency in the first half of 2026
According to ANATO figures presented on October 22, 2026, inbound tourism generated $5.619 billion in foreign currency for Colombia in the first half of the year, a 4.9% increase over the same period in 2025. The guild also reported about 3.3 million non-resident visitors through July and a 20% rise in international arrivals to Nariño between January and September. ANATO submitted proposals to the Government to improve business competitiveness and international promotion.
FinanceColombiaDiario del SurOct 24AI
Corficolombiana warns El Niño could pressure food prices in Colombia toward 2027
A Corficolombiana report says a possible El Niño phenomenon with very high temperatures would pressure food prices in Colombia, with a stronger effect on meat, milk, vegetables, fruit and rice. Although no significant impact is evident yet, the phenomenon's growing intensity suggests its effects could pass through to these prices toward the end of the year. The forecast indicates inflation would moderate to 5.5% in 2027, with a slow convergence to the target.
FinanceColombiaPulzoOct 24AI
Colombia's dollar TRM falls to 3,158.43 pesos on Saturday, October 24
The Representative Market Rate stood at 3,158.43 pesos per dollar on Saturday, October 24, a drop of 26.58 pesos (0.83%) from Friday, when it was 3,185.01. The foreign exchange market is closed over the weekend, so the published rate remains in force. The TRM is a reference indicator and does not necessarily match the buy and sell prices of banks and exchange houses.
FinanceColombiaDiario del SurOct 24AI
Corficolombiana adds solar energy with batteries and Bogotá's new stadium to its portfolio
Corficolombiana, part of Grupo Aval, bet on solar generation with storage after buying 100% of Zelestra Latam in late May 2026 through Promigas, a platform with projects in Colombia, Chile and Peru. The deal multiplied Promigas's renewables presence twentyfold, to about 3,500 megawatts. In January 2026 it signed the purchase of 51% of Sencia, concessionaire of the El Campín stadium. In 2025 it allocated 1.4 trillion pesos to its four business lines and its net profit was 471,667 million.
FinanceColombiaRevista SemanaOct 24AI
Camacol: housing is key to the 6% growth target and pending projects would mobilize 98 trillion pesos
At Camacol's congress in Cartagena, the guild argued that housing is key to the Government's 6% growth target. Its president, Guillermo Herrera, said there are 1,424 pending projects that would add 257,000 homes, mobilize 98 trillion pesos and create 2.3 million jobs. The sector fell back to 2007 levels, with losses of 47 trillion pesos, equivalent to 2.5% of GDP, and an 11.9% drop in sales between January and September 2026.
FinanceColombiaRevista SemanaOct 23AI
Bancolombia chairman proposes 8.5% to 9% increase in Colombia's 2027 minimum wage
Juan Carlos Mora, chairman of Grupo Cibest, the parent company of Bancolombia, said Colombia's minimum wage increase for 2027 could range between 8.5% and 9%. Speaking at the Colombian Construction Congress organized by Camacol, he proposed using inflation and productivity as references, with the possibility of adding a few extra points. His estimate is based on inflation of 6.29% and productivity of between 1.5% and 2%. The figure is not official and does not represent an agreement between the government, businesses and unions.
FinanceColombiaPulzoOct 23AI
Cali Chamber of Commerce unveils agenda to double Valle del Cauca's GDP per capita by 2038
The Cali Chamber of Commerce presented a Productive Transformation Agenda for Valle del Cauca at its 2026 Annual Members Meeting, based on market access, productivity, innovation and investment. The entity projects that, with 6% annual growth, GDP per capita would reach 79.5 million pesos in 2038, compared with about 55 million under the 2.8% trend scenario. The department contributes close to 10% of national GDP and 16,054 companies reported damage from the August 10 earthquake.
FinanceColombiaEl TiempoOct 23AI
Banco de la República pushes Amira de la Rosa theater works to first quarter of 2029
Banco de la República said the comprehensive renovation works at the Amira de la Rosa theater in Barranquilla will continue until the first quarter of 2029. The entity attributed the schedule adjustment to the technical complexity of the foundation and structural reinforcement work and to unforeseen situations during execution. Pile construction is 90% complete and the first phase of restoration and reinforcement of the folded roof has been finished.
FinanceColombiaRevista SemanaOct 23AI
Anserma mayor asks national government for more support after bank robbery in Caldas
After a robbery at a Banco Agrario branch in Anserma, Caldas, mayor Ómar Andrés Reina asked the national government to pay attention to the department over the possible relocation of criminal actors from other regions. An armed man entered the bank, located in the Municipal Palace, and threatened a customer and a teller to hand over a large sum of money. Authorities are carrying out an operation with Police, Sijín and CTI and are reviewing the bank's video footage.
FinanceColombiaLa PatriaOct 23AI
Dollar closed the week at $3,158.62, its second-lowest figure in October
The dollar closed the week at $3,158.62, the second-lowest figure of the tenth month of the year, against a TRM of $3,185.01, a difference of $26.39. During the session there were 1,925 transactions worth US$1,556 million, with lows of $3,136 and highs of $3,189. Expert Alfredo Barragán attributed the decline to the oil rebound on Middle East tensions, profit-taking and foreign inflows attracted by peso interest rates.
FinanceColombiaLa FMOct 23AI
Dollar ends the week lower in Colombia, near COP 3,145
The Colombian peso strengthened sharply against the dollar and interbank trading closed Friday near COP 3,145 per dollar. According to traders and bank treasuries, the lower rate was driven by foreign currency inflows from month-end corporate settlements and by foreign funds' appetite for fixed-rate TES sovereign bonds. Internationally, stable U.S. employment figures and easing commodity risk premiums kept sentiment optimistic on regional stock exchanges.
FinanceColombiaDiario del SurOct 23AI
Dollar closed the week lower in Colombia at COP 3,158.62
The U.S. dollar closed the session in Colombia at COP 3,158.62, a drop of COP 26.39 against the day's TRM of COP 3,185.01, according to the Colombian Stock Exchange. The currency opened at COP 3,172, hit a high of COP 3,189 and a low of COP 3,136, averaging COP 3,175. The session moved US$1.556 billion. Abroad, Brent rose to US$114.31 and WTI to US$101.12 on tensions between the United States and Iran and attacks on infrastructure in Saudi Arabia.
FinanceColombiaRevista SemanaOct 23AI
Medellín reshapes land use with the POT review that already cleared its first test at the City Council
Medellín's district administration filed the mid-term review of its Land-Use Plan (POT), which seeks to update the rules on which economic activities can operate, where and under what conditions. The proposal classifies the territory into six activity areas and four impact levels, adds 29 previously unrecognized activities —such as electric vehicle charging stations and data centers— and cuts the land enabled for tourist housing from 18% to 10.4%. The project has already passed its first test at the City Council.
FinanceColombiaMinuto 30Oct 23AI
Bancolombia chairman proposes minimum wage increase of between 8% and 9% for 2027
At the 2026 Colombian Construction Congress, Bancolombia chairman Juan Carlos Mora said the minimum wage increase for 2027 should be between 8%, 8.5% and 9%. According to Mora, the adjustment should follow the traditional formula of inflation plus productivity and "add a few points", using the 6.29% annual inflation rate in September as a reference. A percentage that does not exceed 9% "could be very reasonable" for the economy and workers, he said.
FinanceColombiaEl TiempoOct 23AI
Bancolombia chairman proposes minimum wage increase of around 8.5% to 9%
At the Camacol Congress, Bancolombia (now Grupo Cibest) chairman Juan Carlos Mora proposed that the minimum wage increase return to the previous formula: compensating workers with the sum of inflation, productivity and "perhaps a few small points." With inflation at 6.29% plus 1.5 or 2 points of productivity, he estimated an increase of around 8.5% or 9%. Mora said the minimum wage has a social component because families depend on it.
FinanceColombiaRevista SemanaOct 23AI
Dollar at exchange houses: buying at 3,118.70 pesos and selling at 3,225.87
According to the portal Wilkinsonpc, the national average buying price for the dollar at exchange houses stood at 3,118.70 pesos and the selling price at 3,225.87 pesos, as of 9:30 a.m. on Friday, October 23. In Bogotá the average was 3,153 pesos for buying and 3,241 pesos for selling. The TRM reported for that day was 3,185.01 pesos, below the cash selling price.
FinanceColombiaLa FMOct 23AI
Minimum wage increase should be between 8% and 9%, Bancolombia chairman says
Juan Carlos Mora, chairman of Bancolombia, said the minimum wage increase for 2027 should be between 8% and 9%. Speaking at a press conference at the Camacol Congress, Mora said the mechanism should combine inflation, productivity and "a few small points." He added that the suggested increase is reasonable for the economy and for workers, and that the social component of the minimum wage must also be considered.
FinanceColombiaELHERALDO.COOct 23AI
Colombian peso: dollar falls to 3,185.01 and moves away from 3,200
The representative market rate of the dollar in Colombia stood at 3,185.01 pesos on Friday, October 23, 2026, a decrease of 6.46 pesos from the previous day, equivalent to a 0.20% drop. On Thursday the official rate was 3,191.47. Since the start of 2026, the currency has accumulated a reduction of 572.07 pesos, or 15.23%, and compared with October 23, 2025, its value is 715.81 pesos below the current level.
FinanceColombiaNoticias RCNOct 23AI
Corficolombiana proposes an 8.0% minimum wage increase for 2027
A report from Corficolombiana's economic research team says the 2027 minimum wage adjustment should use as reference the inflation expected at the end of 2026, at 6.8%, and an estimated 1.2% growth in total factor productivity. Under those assumptions, the technically desirable increase would be 8.0%. The report warns that a disproportionate raise would add pressure on prices and labor costs, and calls for reviewing whether the minimum wage remains an adequate reference for the country's productive conditions.
FinanceColombiaPulzoOct 23AI
Daniel Briceño calls for a fiscal adjustment of 40 trillion pesos, equal to two points of GDP
Ahead of the government submitting its fiscal adjustment bill to Congress, Representative Daniel Briceño said on Blu Radio that Colombia urgently needs a 40 trillion peso adjustment, equal to two points of GDP, to give the economy breathing room. He also defended a bill filed three months ago to restore the legal stability system and called for simplifying the tax system without raising taxes.
FinanceColombiaBlu RadioOct 23AI