Bancolombia, a major player in Colombia’s financial sector, has announced a significant change in its corporate structure. The bank plans to create a new holding company called Grupo Cibest. This move aims to bring Bancolombia in line with global financial industry standards. The new holding company will oversee all of Bancolombia’s businesses, both financial and […]
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Rising LNG imports in Vietnam and the Philippines reflect growing demand in Southeast Asia
Vietnam and the Philippines recently initiated the import of liquefied natural gas (LNG), reflecting Southeast Asia’s increasing shift towards this alternative energy source. Vietnam’s first shipment of LNG, a 70,000-tonne consignment from Indonesia, arrived at the Thi Vai LNG terminal in the southern province of Ba Ria-Vung Tau. PetroVietnam Gas (PV Gas), which oversees the […]
Islamic Militants Displace 80,000 Christians in Mozambique
In the northern province of Cabo Delgado, Mozambique, armed Islamic radicals have launched a series of violent attacks. These assaults have driven 80,000 people, predominantly Christians, from their homes. They have razed villages, destroyed churches, and kidnapped children, marking a significant increase in aggression. A detailed report from The Telegraph on Friday reveals the growing […]
Brazil Sets January Trade Surplus Record
In January, Brazil’s trade surplus soared to $6.527 billion, the highest for the month since record-keeping started in 1989. This achievement was announced by MDIC, the Ministry of Development, Industry, Commerce, and Services’ Secretariat of Foreign Trade. It resulted from $27.016 billion in exports against $20.49 billion in imports. January 2024 marked a historic performance […]