About 90% of Chinese carmakers are losing money
About 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.
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Avianca Group expects capacity to "shrink" with expensive jet fuel in 2027 and announces route review
Avianca 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 AI solution to migrate Itaú Unibanco's systems to the cloud
GFT 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 RepúblicaAifi26 congress discussed how to implement AI in banking operations
The 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 to receive more than COP 183 billion in extraordinary dividends from Odinsa
Grupo 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 enters the digital insurance market with coverage from COP 10,440 a month
Lulo 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 RepúblicaDemocratic Center unveils pension counter-reform that revives choice between Colpensiones and private funds
Colombia'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 flashPortafolioDe la Espriella government to study taxes on platforms such as Temu and Shein, as merchants requested
The 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 joins the Colombian Stock Exchange as a CDT issuer
KOA 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 reports balance of its concession ahead of handing infrastructure back to the State
Autopistas 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 AnalitikDomestic workers to take part in 2027 minimum wage negotiations for the first time
Colombia'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 RepúblicaMauricio Gómez announces review of taxes for platforms such as Shein
Colombia'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 RepúblicaCentro Democrático files counter-reform to pension law with changes to Petro's legislation
Colombia'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 cut short positions in Ibex 35 energy stocks
Hedge 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 announces Fondes investment to design Bogotá Metro Line 4
De 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 RepúblicaLawmakers from the fifth committees propose easing environmental permits and giving legal certainty to coal
Lawmakers from the Congress's fifth committees presented a roadmap to activate the energy sector during this four-year term. According to the outlet, the legislators asked to ease environmental licensing and give legal certainty to coal, aiming to guarantee energy supply ahead of El Niño.
Read the flashLa RepúblicaFenalco calls for scrapping the 40% tariff on clothing and changing rules for Temu and Shein
Fenalco asked to eliminate the 40% tariff on clothing, remove taxes on small shopkeepers and change the rules that apply to platforms such as Temu and Shein. The guild questions the effects of the tariff on the sector and calls for new tax relief, according to Portafolio.
Read the flashPortafolioCIE Automotive lifts profit 3.23% through September to 274.8 million
CIE Automotive posted a net profit of 274.8 million euros in the first nine months of the year, up 3.23%, according to merca2.es. Sales rose 5.61% to 3.141 billion euros, and the EBITDA margin stood at 19%, despite the slowdown in the automotive sector.
Read the flashmerca2.esColombian tools brand aims to reach 4,500 hardware stores in 2027
A Colombian tools brand aims to reach 4,500 hardware stores in 2027. For the coming year, the company plans to strengthen its digital channels and optimize its logistics network as part of its strategy, according to Portafolio.
Read the flashPortafolioGrupo Argos to receive COP 183 billion in extraordinary dividends from Odinsa
Grupo Argos will receive 183 billion pesos in extraordinary dividends from Odinsa, a move the company frames within its ACE 1.0 strategy, according to Valora Analitik.
Read the flashValora AnalitikColombians earning up to 2.5 salaries account for 78% of card originations
The FGA Fondo de Garantías reported that Colombians with incomes of up to 2.5 salaries account for 78% of card originations. In addition, people under 26 account for up to 26% of cards originated in the system.
Read the flashLa RepúblicaColombians earning up to 2.5 salaries account for 78% of card originations
The FGA Fondo de Garantías reported that Colombians with incomes of up to 2.5 salaries account for 78% of card originations. According to the entity, people under 26 represent up to 26% of cards originated in the system.
Read the flashLa RepúblicaSamsung leads TV sales in Colombia as TCL, Hisense, LG and iFFALCON close in
Samsung remains one of the main players in Colombia's television business, though competition is intensifying. TCL, Hisense, LG and newer entrants such as iFFALCON are seeking to boost sales in a year when the FIFA World Cup drove screen upgrades in thousands of households.
Read the flashEnter.coYPF beats expectations, debt hits a decade low and shares rise on Wall Street
Oil company YPF posted revenue 41% higher than a year earlier and an adjusted EBITDA of US$2.503 billion, 12% above the analyst consensus. The company said its debt reached a decade low and that it is adding five new RIGI projects worth US$44 billion. Its shares rose on Wall Street.
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