Carlos Ramírez

Reasons the US dollar stays below $4,000 pesos in Colombia

2025년 10월 29일 Carlos Ramírez

The US dollar has completed eight weeks without exceeding $4,000 pesos in Colombia, driven by global and local factors like the Federal Reserve's rate cut and increased dollar inflows. Analysts point to the DXY index's weakness and government operations strengthening the peso. This stability benefits imports and travel to the United States.

US attacks in Pacific kill 14 suspected narcotraffickers

2025년 10월 28일 Carlos Ramírez

The United States confirmed aerial attacks on four boats suspected of drug trafficking in the eastern Pacific, killing 14 and leaving one survivor. Defense Secretary Pete Hegseth detailed that the operations took place in international waters near Mexico. These bombings are part of a broader offensive against drug trafficking in the region.

Gustavo Petro's inclusion in Clinton List sparks legitimacy crisis

2025년 10월 28일 Carlos Ramírez

President Gustavo Petro was added to the US Treasury's Clinton List, freezing any assets under US jurisdiction and barring transactions with American citizens or companies. The measure also impacts his wife, son, and Interior Minister, marking the first time a Colombian president appears on the list. Experts note that his pension and Ecopetrol remain unaffected, though questions arise over managing his personal finances.

US confirms new bombing of drug traffickers' vessel in the Pacific

US Secretary of War Pete Hegseth confirmed an airstrike on a vessel used for drug trafficking in the Eastern Pacific, killing four people. The operation was ordered by President Donald Trump and took place in international waters. This incident adds to recent bombings in the region targeting narcotrafficking networks linked to terrorist organizations.

Mercado Libre reports US$7,400 million in revenues for Q3 2025

2025년 10월 29일 Carlos Ramírez

Mercado Libre, Latin America's leading e-commerce firm, reported net revenues of US$7,400 million for the third quarter of 2025, a 39% year-over-year increase that beat analyst expectations. Yet, net profit of US$421 million fell short due to instability in Argentina. Growth was driven by initiatives in Brazil and Mexico.

Liquor and wine VAT could increase 14% in tax reform

2025년 10월 29일 Carlos Ramírez

Colombia's National Government is preparing a $16.3 trillion tax reform that includes significant increases in taxes on liquors, wines, and aperitifs. It proposes raising the VAT from 5% to 19% on these products, along with consumption tax hikes of up to 224%. Prolicores warns that this would boost the illegal market from 22% to 50%, impacting jobs and the regional economy.

Juan Martín Caicedo to step down from CCI presidency after over 20 years

Juan Martín Caicedo, executive president of the Colombian Chamber of Infrastructure (CCI), announced his resignation from the role this Wednesday after over two decades leading the guild. He will officially hand over the presidency in February 2026 during the Statutory Assembly in Bogotá. Caicedo has been the sole executive president since the entity's founding in 2003.