Colombia Business News6 Juni 2024

Petro threatens "forced investment," Uribe on trial, GM leaves, Sura quits, UNGRD Scandal!

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 https://www.reuters.com/world/americas/colombia-prosecutors-weigh-immunity-ex-officials-government-corruption-case-2024-05-07/
Sura wants out of the EPS health care system https://www.financecolombia.com/breaking-news-sura-seeks-to-leave-colombias-eps-health-system/
Colombiás San José Shipwreck https://www.financecolombia.com/colombia-to-start-recovery-of-san-jose-galleon-shipwreck-treasure-but-many-complications-remain/
Criminal groups expanding under Petro https://www.reuters.com/world/americas/colombias-illegal-armed-groups-grew-2023-secret-security-report-2024-05-07/
Illegal deforestation & road building in Amazon growing while Petro Administration stands by https://www.reuters.com/world/americas/operations-destroy-illegal-roads-colombias-amazon-hit-standstill-sources-say-2024-05-27/
Tracking of illegal road building https://www.maaproject.org/2024/illegal-roads-colombia/
Hacienda Napoles https://haciendanapoles.com/

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