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Rating agency Fitch Ratings opened a new office in Bogotá amid higher foreign investment. The agency highlighted Colombia as a strategic hub for the Andean region and, despite fiscal challenges, said it is optimistic about the growth path.
Read the flashLa RepúblicaBetween January and September, Tesla recorded 16,542 electric vehicle registrations, while Chinese brands and MG, which has Chinese capital, added another 17,585 units, according to La República. With those figures, Tesla and Chinese brands account for about 86% of the electric car market.
Read the flashLa RepúblicaThe Chamber of Representatives corrected the procedural flaws in the pension reform flagged by the Constitutional Court, which had returned 10 articles for failing to debate the proposals. Congress adjusted the procedure without changing the text of the articles.
Read the flashLa RepúblicaGabriel Oliva, president of Grupo Avianca, warned that airlines are going through a tough situation due to rising fuel prices. He said jet fuel prices rose more than 100%, forcing carriers to pass costs on to fares and to review capacity.
Read the flashLa RepúblicaDaniel Acosta, Binance's head for Latin America, said that with Bre-B it is possible to scan a QR code in a store and make a payment through crypto. Acosta also noted that offering more services and reaching more users requires a regulatory framework.
Read the flashLa RepúblicaThe Federal Reserve kept its interest rate unchanged in the 3.75% to 4% range, according to La República. The decision comes amid growing inflation concerns, cost-of-living pressures and rising energy prices.
Read the flashLa RepúblicaAccording to the coal sector's calculations, every $100 drop in the dollar's price would mean losses of 450 billion pesos for the sector. The sector works with an average exchange rate of 3,700 pesos per dollar, so the current difference of more than 500 pesos would imply losses above 2 trillion pesos.
Read the flashLa RepúblicaBanco Santander reported third-quarter 2026 results, with 17 million customers added in a year and a 25% increase in earnings per share, according to the report's headline. The lender chaired by Ana Botín showed operating strength in costs and in the United Kingdom, against moderating revenue and adjustments in Brazil and the United States.
Read the flashmerca2.esIn the third quarter, remittances arriving in the country neared US$10 billion, according to Portafolio. The outlet notes that growth in transfers from abroad has been moderating in recent months.
Read the flashPortafolioAbout 90 percent of Chinese automobile manufacturers are losing money, according to a report published by Portafolio, which points to fewer Chinese car brands in the future.
Read the flashPortafolioAvianca Group anticipates that capacity "will shrink" in 2027 due to high jet fuel prices and announced a route review. Gabriel Oliva, the group's executive president, explained the effects of fuel doubling in price.
Read the flashPortafolioGFT developed an artificial intelligence-based solution to migrate Itaú Unibanco's systems to the cloud. According to the published information, the process began in 2018 and AI was used to speed up repetitive processes, which remained supervised by operators.
Read the flashLa RepúblicaThe Aifi26 congress discussed how to implement artificial intelligence in banking operations. The event featured speakers from companies such as Rappi, Itaú, BBVA, Banco de Occidente and Banco Davivienda.
Read the flashLa RepúblicaGrupo Argos will receive more than COP 183 billion in extraordinary dividends from Odinsa. According to the outlet, the transaction is part of ACE 1.0 (Argos Convergence Effort), the strategy with which the group seeks to optimize its financial structure.
Read the flashLa RepúblicaLulo Bank entered the digital insurance market with coverage starting at COP 10,440 a month. According to the outlet, the plans include payments of up to COP 3.5 million for people who lose their jobs, backing for credit installments and financial protection for families.
Read the flashLa RepúblicaColombia's Democratic Center party presented a pension counter-reform that revives the option to choose between Colpensiones and private funds. The proposal also calls for transfers without age limits and the return of savings, among other changes to the pension system.
Read the flashPortafolioThe De la Espriella government will study applying taxes to platforms such as Temu and Shein, following the proposals presented by Fenalco president Jaime Alberto Cabal during the opening of Góndola 2026 in Cartagena.
Read the flashValora AnalitikKOA Compañía de Financiamiento entered the Colombian Stock Exchange as a CDT issuer, one year after launching its CDT to the public. During that period, the company surpassed 18,000 clients, according to La República.
Read the flashLa RepúblicaAutopistas del Café presented the balance of its concession as its termination and the reversion of the infrastructure to the State approach. In parallel, the private initiative Conexión Centro proposes a new road intervention.
Read the flashValora AnalitikColombia's Ministry of Labor invited organizations of domestic workers to take part in next year's wage discussions, meaning the sector will be included for the first time in the negotiations over the 2027 minimum wage. The agenda also includes proposals to strengthen labor formalization.
Read the flashLa RepúblicaColombia's Minister of Commerce, Mauricio Gómez, announced that the taxes paid by platforms such as Shein will be reviewed. According to the official, the Fiscal Adjustment Law will seek to level the taxes between these platforms and local merchants.
Read the flashLa RepúblicaColombia's Centro Democrático party filed a counter-reform to the pension law that proposes changes to Petro's legislation. According to the published information, one of the main changes would be to restore members' freedom of choice.
Read the flashValora AnalitikHedge funds are reducing their short positions in the energy sector during the earnings season, as the Ibex 35 Energy index heads toward its best year on record. The move comes on a day when the Ibex 35 fell 1.45%, with Repsol as the index's best performer and Solaria as the main exception.
Read the flashexpansion.comDe la Espriella announced that Fondes will invest in the design of Bogotá Metro Line 4. The Government will also seek resources for the system's new electric buses and said it will not cut contributions to Metro Line 1.
Read the flashLa República
