JPMorgan is preparing its peso payments network in Colombia, according to Portafolio. The bank marks 20 years of local operation and anticipates a record year for mergers. The institution sees Colombia in a regional pro-market shift, amid the fiscal challenge.
Nine out of every 10 tonnes of rice Colombia imports come from the United States. Since the free trade agreement with that country took effect, Colombia has imported 1.5 million tonnes of US rice. By 2030, the product will enter tariff-free.
NG Energy announced the results of the Aruchara-6 well, in La Guajira, and began drilling a key block in the Sinú. With the addition of this well, total production at the María Conchita field is expected to rise to 23.0 MMcf/d gross, equivalent to 18.4 MMcf/d net.
Real revenue in the hotel sector fell 11.8% in August, amid an accelerating crisis marked by staff cuts and rising wages. In the Pacific region, real revenue dropped 26.8% and occupancy went from 42.5% to 37% in a year, according to Portafolio.
Ximena López, manager of Autonal, said that nearly 60% of the company's sales come from the hybrid and electric vehicle segment. The executive also said the company is studying entering the heavy truck segment and estimates closing the year with 4,000 units sold.
RTVC warned about alleged overcosts in a mobile unit of the Petro government valued at $11.924 billion. The vehicle remains out of service due to technical failures and the entity referred the case to oversight bodies.
