Reposted from Bloomberg
By Andrea Jaramillo
Colombia’s peso bonds rose, pushing yields to the lowest level in four weeks, before a report forecast to show inflation slowed in May. More…
Tag Archives: Colombia News
Austrade opens office in Colombia: Eyes future growth Reply
Reposted from the Brisbane Times
By Larissa Ham
A DECADE ago, Colombia was pretty much a no-go zone for foreign investors, who were scared off by stories of crime, cocaine, kidnapping and corruption.But Colombia, with a population of 46 million, is a country in transition, with a growing middle class, improved security and huge potential for businesses. It also now has Latin America’s fourth-largest economy, and has dodged the economic collapses and hyperinflation of countries such as Argentina. More…
Bancolombia’s rise reflects emerging Colombian economy. Reply
Colombian consumer credit grew 25% in 2011.
Reposted from Reuters
By Helen Murphy and Luis Jaime Acosta
Bancolombia BIC.CN(CIB.N) is considering acquisitions in Latin America when the right opportunity arises, and it may use capital markets for financing if necessary, its chief executive said.
Colombia’s biggest lender is on the lookout for acquisitions of brokerages, fiduciary funds and banks from Mexico to Chile, Carlos Raul Yepes said in an interview for the Reuters Latin America Summit. No purchase is imminent, he said. More…
Goldman invests in Colombian coal Reply
The Decade of the CIVETS? Reply
Reposted by Emerging Markets Outlook
The global bank HSBC, in its Business Without Borders newsletter, tells us that while the past decade was all about the BRIC countries – Brazil, Russia, India, China – we are now in the decade of what it has dubbed the CIVETS, which stands for Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa, a set of countries “whose rising middle class, young populations and rapid growth rates make the BRICs look dull in comparison.” More…
Colombia: A new Latin American Tiger Reply
Downtown Bogota
Reposted from Market Watch
By Myra P. Saefong
“In Colombia, household earnings are growing faster than the regional average,” Frontier Strategy Group analysts said in a recent report. It has “vigorous” export growth, an uptick in oil and gas production, an impressive investment in infrastructure, disciplined economic policy-making and a stable security environment after years of violence. More…
The Economist: Politics this week May 05 2012 Reply
Aung San Suu Kyi and members of the NLD take their seats in Parliament
Aung San Suu Kyi and other members of Myanmar’s democracy movement took their seats in parliament. It is the first time that Ms Suu Kyi, who spent years under house arrest after the regime ripped up the election result in 1990, has held public office. Her protest against the wording of the parliamentary oath had threatened to stop her entering parliament, but she relented during a visit to Myanmar by Ban Ki-moon, the UN secretary-general. More…
Vietnam eager to boost cooperation with Colombia Reply
Foreign Minister Pham Binh Minh and Colombian counterpart Maria Angela Holguin
Vietnam hopes to strengthen ties with Colombia in various fields such as politics, diplomacy, economics, trade, energy, oil and gas, culture, education and tourism. Foreign Minister Pham Binh Minh emphasized this during February 27 talks with his Colombian counterpart, María Ángela Holguin, in Hanoi.
He highly appreciated Colombia’s proposal to create a mechanism and legal foundation for bilateral relations and its decision to send a cultural and art troupe to the 2012 Hue Festival, within the framework of the Forum for East Asia-Latin America Cooperation (FEALAC). More…
Vietnam’s Skyscraper Keangnam to Drive Hanoi Rents to 5-Year Low Reply
Vietnam’s Keangnam Hanoi Landmark Tower
Feb. 28 (Bloomberg) — Vietnam’s Keangnam Hanoi Landmark Tower, the tallest in Southeast Asia after Petronas Towers, is boosting prime office space in the capital Hanoi by half and threatening to drive rents to a five-year low.
The property, which includes a hotel, luxury apartments and mall, is adding 100,000 square meters (1.1 million square feet) of office space, said Choi Yong-Ho, marketing manager of Keangnam Vina, the unit of South Korea’s Keangnam Enterprises Ltd. that built the 346 meters (1,135 feet) tower.
Vietnam’s property market has slowed down as the government tightened credit to help curb Asia’s fastest inflation. The additional space from the tower may drive Hanoi’s office rents down as much as 8 percent in the first half to their lowest since the fourth quarter of 2006, according to Jones Lang LaSalle Inc. More…
Investing in the World’s Frontier Markets Reply
Douglas Clayton, CEO of Leopard Capital
Dear Special Situations Reader,
Doug Clayton is an investor who works the frontiers. He likes to go into markets that are already so beaten up they can’t help but get better. “I like markets where you don’t have to be very smart,” he says. “Where you can invest in some basic things and know you’ll do well.” More…
