Colombia Business News Loren Moss

In this week's Colombia Business News Recap, Collective Mining keeps finding gold, President Gustavo Petro threatens the private sector with "forced investments," General Motors to close its Colombia factory, Alvaro Uribe is formally charged with bribery and witness tampering, Colombia to open 5 more consulates in the US, the US opens work and summer job visas to Colombians, the mammoth UNGRD scandal threatens the Petro administration and congressional allies at the expense of poor indigenous people dying of thirst! Grupo Sura, the insurance giant wants out of Colombia's mandatory health care system called EPS, conflict may arise with Spain and Bolivian indigenous group over the gold in the San José shipwreck 2,000 feet down in the Caribbean. Colombia has finally outlawed bullfighting! Mafia guerilla groups are flourishing and expanding under Petro's "Total Peace" fiasco, and some of these groups are building illegal roads in protected areas of the Amazon, accelerating deforestation. 
Links and mentions: 

BPRO, Colombia’s BPO Trade Association https://www.bpro.org/
BPRO’s CX Summit in Cartagena https://cxsummit.com.co/
Collective Mining https://www.collectivemining.com/
Collective Mining Expands its Box Target Area with New High-Grade Samples; Drilling Continues https://www.financecolombia.com/collective-mining-expands-its-box-target-area-with-new-high-grade-samples-drilling-continues/
Petro’s forced investment threats (Spanish) https://www.pulzo.com/economia/inversion-forzosa-bancos-propuesta-gustavo-petro-tendria-problemas-PP3613841A
General Motors to close its Colombia factory https://www.financecolombia.com/general-motors-to-cease-auto-manufacturing-in-colombia-ecuador/
Colombia’s Minister of Labor tells GM it can’t fire workers because it is closing its factory (Spanish) https://www.mintrabajo.gov.co/comunicados/2024/mayo/mintrabajo-decreta-medidas-preventivas-o-cautelares-para-las-sociedades-general-motors-colmotores-s.a-zona-franca-industrial-colmotores-s.a.s-y-zoficol-sas
Uribe charged with witness tampering https://apnews.com/article/colombia-alvaro-uribe-charges-witness-tampering-bd11a922142d000db1fcac178a1a147e
Colombia to open new consulates, US opens work visas to Colombians https://www.financecolombia.com/colombia-announces-opening-of-five-new-consulates-in-the-us-amid-bilateral-migration-talks-in-bogota/
UNGRD Scandal a...

In this week’s Colombia Business News Recap:
Canadian Sacha Lemaire Lepage facing Narcotics, Firearms & Wildlife Abuse Charges In Colombia https://www.financecolombia.com/canadian-sacha-lemaire-lepage-facing-narcotics-firearms-wildlife-abuse-charges-in-colombia/Jimmy Carter’s Colombia Blacklist Revealed https://nsarchive.gwu.edu/briefing-book/colombia/2024-04-15/jimmy-carters-colombia-blacklist-revealedColombian Kidnapper Hiding In Chile Captured & Sent to US https://www.justice.gov/opa/pr/foreign-national-extradited-chile-united-states-kidnapping-and-assaulting-us-army-soldiersWOM is bankruptRuta-N and SAP Announce Alliance To Support Entrepreneurship and Investment in Medellín https://www.financecolombia.com/ruta-n-and-sap-announce-alliance-to-support-entrepreneurship-and-investment-in-medellin/The Feria 2 Ruedas motorcycle convention returns to Medellín May 2-5, bringing commerce, fun & learning opportunities. https://www.feria2ruedas.com/en/visitantesSubscribe free at https://fcsubscribe.com Need to hire bilingual talent? Try EmpleoBilingüe! https://empleobilingue.com/

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In this week’s Colombia Business News Recap for April 13, 2024:  

Gringos gone wild! “Cannabis Jimmy,” Californian pot producer caught near Medellín. https://www.policia.gov.co/noticia/ciudadano-estadounidense-realizaba-tours-cannabicos-extranjeros-sabaneta Colombian economic growth stalls, 277,000 jobs lost in January & February alone. https://openknowledge.worldbank.org/bitstreams/5a4de9c0-52ef-4b3f-8592-249995492a9a/download Former President Alvaro Uribe’s prosecution moving forward under new attorney general. From 2018: Former Colombian President Álvaro Uribe Submits Resignation from Senate Amid Investigation  https://www.financecolombia.com/former-colombian-president-alvaro-uribe-resigns-from-senate-amid-investigation/ From 2020: Breaking News: Former Colombian President Alvaro Uribe Under House Arrest https://www.financecolombia.com/breaking-news-former-colombian-president-alvaro-uribe-under-house-arrest/ Water rationing comes to major cities in Colombia due to serious drought conditions. Collective Mining (TSX: CNL) is finding more gold, copper & silver in its Apollo porphyry. https://www.financecolombia.com/?s=cnl&id=25319 US Ambassador Palmieri meets with Medellín’s Mayor Gutierrez & pledges full support against sexual predators and human traffickers. https://www.financecolombia.com/us-government-pledges-medellin-mayor-federico-gutierrez-full-support-against-sexual-predators-human-trafficking/ The Feria 2 Ruedas motorcycle convention returns to Medellín May 2-5, bringing commerce, fun & learning opportunities. https://www.feria2ruedas.com/en/visitantes  

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In this week’s Colombia Business News Recap for April 4, 2024:
Petro’s health reform buried in the Colombian senateGeopark (NYSE: GPRK) launches a stock buybackAvianca launches flights to Montreal & Paris, but gets fined for unfair competitionNew Colombian Public Debt ETF launchedAntioquia’s governor asks for public donations to complete highwaysImprovements in the road connecting Medellín to its international airportEconomic uncertainty affecting foreign investmentCorrupt prosecutor sent to jailLuis Carlos Sarmiento retires from Grupo Aval (NYSE: AVAL)Chickens being sacrificed and their blood spattered over Bogotá’s Metro Construction project. See: https://x.com/andreanimalidad/status/1770142966411317525?s=20Medellín is fighting back against perverts like Dominick DiVincenzo and Timothy Alan LivingstonRead more at Finance Colombia https://www.financecolombia.com/
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In this Finance Colombia exclusive, Francisco “Pacho” Santos sits down for an in-depth interview with Loren Moss to discuss current events in Colombia. Santos is the former vice president of Colombia under Alvaro Uribe, and former Ambassador to the United States during the Ivan Duque administration.

Santos is equally outspoken and fluent in English as he is in Spanish, and shares his opinion on:
Petro’s frustration, improvisation and his stalled reformsColombia’s new Attorney General Luz Adriana CamargoWeaknesses in Colombia’s prosecutorial structureGustavo Petro’s “Paz Total” or “Total Peace” initiativeSantos’ time as a victim of kidnapping and how it shaped his politicsThe state of the Colombia – US bilateral relationshipThe surging cocaine production in ColombiaA critique of both Biden & TrumpThe failure of US domestic drug policyColombia’s health system & Petro’s proposed health reformThe governance crisis at EcopetrolThe Thomas Greg passport scandal in the foreign ministryFiscal discipline and institutionality in the current administrationThe former Vice President’s future projects  

Read more at Finance Colombia https://www.financecolombia.com/
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In The Colombia Business News Recap for March 16 2023:
Why did the US release one of Colombia’s 10 most wanted criminals after he crossed the border illegally from México into Texas?President Gustavo Petro’s frustration is reaching the boiling point as his “revolutions” fail and he calls for a constituent assembly (constitutional convention).JetSmart launches domestic operations in ColombiaLuz Adriana Camargo is the new attorney generalFederico Gutierrez submits 501 corruption allegations implicating the Daniel Quintero administration to prosecutors and inspector general’s office.Ecopetrol is facing a corporate governance crisis.Petro has said he wants to end fossil fuels. Does he want to end Ecopetrol?


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