Tax collection in Colombia contracted by 5.69% in October to $2,5 billion, compared to the same month last year, although it reached 101.1% compliance with the goal for that period according to the National Tax and Customs Directorate (DIAN). Taxes associated with domestic economic activity reached $1.9 billion, while those related to foreign trade operations were $556 million.
Colombian gas distributor Promigas on Thursday issued bonds worth $164.5 million to the local capital market, with proceeds earmarked for refinancing existing debt for the company and its subsidiaries, to improve its long-term maturity profile. Promigas issued paper for terms of five and 25 years after seeing demand for $287 million, the Colombian stock exchange said in a statement.
The Colombian central bank announced that remittances to the country increased by $ 200 million as of October 2020, to reach $ 7,023 million in the. Only in October the indicator reached $ 822 million, a figure less than the $ 903 million than the Banco de la República reported in October 2019.
Tecnoglass, a leading manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, announced that the Company has completed its previously-disclosed delisting of its ordinary shares from the Colombia Stock Exchange, upon which the shares listed on that exchange under the ticker symbol “TGLSC” ceased trading. The Nasdaq Stock Market (NASDAQ) now serves as the exclusive exchange to transact Tecnoglass ordinary shares under the ticker symbol “TGLS”.
The National Administrative Department of Statistics (Dane) published the results of the Business Pulse survey, in which it is evidenced that 25.7% of the firms consulted believe that they will be late in paying their outstanding liabilities during November. Companies in the construction sector are the ones that believe the most that they will be late in their payments (37.6%), followed by those in the services sector (30.5%), those in the manufacturing industry (24.3%) and trade (19.9%).
Colombia will begin a new tender process in its $13 bn 5G infrastructure concessions program next month, as infrastructure agency ANI will call for expressions of interest for the $289 mn ALO Sur road PPP in Bogotá, while other projects are nearing new landmarks.