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Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

29 / 06 / 2020

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other nations are each predicted...

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After First COVID-19 Tax Holiday Devolves Into Fiasco, Colombian Government Pushes E-Commerce For Next Two, Restricts In-Store Sales

30 / 06 / 2020

After the first COVID-19 tax holiday was condemned as irresponsible, the Colombian government is restricting electronics & appliance sales during the next two tax holidays taking place in July where shoppers will be exempt from the country's 19% VAT tax....

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Foreign Investors Still Confident In Colombia, According To Survey by IPAs

29 / 06 / 2020

The study revealed that 66% of the surveyed businesspeople were optimistic regarding the operations of their companies in Colombia, while 30% feel the same in respect to the performance of the economy in general....

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Colombia Extends Curfew Until July 15, Some Discretion For Restaurants & Worship Delegated To Mayors

30 / 06 / 2020

President Ivan Duque announced a further extension to Colombia’s national curfew in response to the Coronavirus COVID-19 Pandemic to July 15 in Decree 878 of June 25, but also modified Decree 847 of June 14, allowing limited pilots of restaurant and church reopenings....

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Latin American Corporate Defaults Expected To Rise, says Fitch

29 / 06 / 2020

The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories. ...

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