Tax revenue collection in Colombia falls 5.7% in October

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.

Colombia’s Promigas issues $164.5 mn worth of local bonds

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.

Tecnoglass Completes Delisting of Shares from the Colombia Stock Exchange

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”.

DANE survey: 25.7% of Colombian companies will not be able to pay debts in November

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%).