Archivo de agosto 2nd, 2012



Constitutional Court makes move to protect indigenous

Jueves, agosto 2nd, 2012

In an effort to protect Colombia’s indigenous communities, which have suffered greatly at the hands of the armed conflict, the Constitutional Court ordered the withdrawal of military bases from the reservations of the jiw and nukak peoples in Guaviare and Meta.

The decision comes at a time when indigenous leaders are demanding the autonomy of their lands and asking “all armed groups” to abandon their territory. Luis Andrade, the president of Colombia’s Indigenous Organization (Onic), said the decision “proves we are right in the sense that military presence on indigenous lands cannot be imposed any which way (…) it cannot lead to the violation of indigenous rights or put us at risk.”

Stock market was bound to be affected by global crises

Jueves, agosto 2nd, 2012

The first seven months of the year have been a roller coaster for Colombia’s Stock Exchange (BVC); after starting the year with increases of almost 18 percent in the first quarter, July closed with a slight increase of just five percent, which proves that the market has certainly not been immune to the crises affecting international markets.

For  expert,Rafael Aparicio Escallón, it makes sense that stocks would fall when faced with such uncertainty at a global level, but declines also fail to reflect the financial solidity of companies like Ecopetrol and Pacific Rubiales, both of which registered some kind of depreciation.



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