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Month

//September 2017
An Avianca Airbus A320 Jet
off

Avianca Is Losing $2.5 Million USD in Sales Every Day During Pilot Strike, per Bancolombia Estimate

Overall, the bank estimates this shortfall equates to an overall net income loss of $1.5 million USD per day.
Posted On September 30, 2017
, By Jared Wade
Banco de la Republica, the central bank of Colombia, in Bogotá.
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No Intervention: Colombian Central Bank Makes No Cut for First Time Since January, Holds Interest Rate Steady at 5.25%

The bank left the door open for a future rate cut, saying that the interest rate is now "close to its neutral level, although there is uncertainty about that level."
Posted On September 29, 2017
, By Jared Wade
bancolombia medellin
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Bancolombia Wins eCommerce Award for Digital Banking

Bancolombia's digital transactions have increased 26% so far in 2017 compared to the same period of time in 2016.
Posted On September 29, 2017
, By Jared Wade
cano covenas pipeline ecopetrol attack toledo sep 27 2017 (Credit: Ecopetrol)
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Caño Limon-Coveñas Pipeline in Colombia Suffers 46th Attack of the Year

Ecopetrol said that it “rejects these illegal actions” that endanger people, damage the environment, and harm neighboring communities.
Posted On September 29, 2017
, By Jared Wade
Commerce Minister María Claudia LaCouture speaking at a MinCIT event. (Credit: MinCIT)
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Former Commerce Minister María Claudia Lacouture Named Executive Director of AmCham Colombia

Lacouture served as commerce minister for the Santos administration from May 2016 until last month.
Posted On September 28, 2017
, By Jared Wade
Avianca Holdings Boing 787 in Rionegro Fitch Ratings liquidity
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Colombian Pilot Strike: Avianca Reactivates Tickets Sales Despite Massive Disruptions; Pilot Union Reportedly Lowers Salary Demands

Ticket sales have been reactivated but technical challenges have made searching for a flight complicated in the first day of encouragement that the strike could end soon.
Posted On September 28, 2017
, By Jared Wade
Technoglogy fiber optic Level 3 CREMIL (Photo credit: chaitawat / Pixabay)
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Colombian Armed Forces Retirement Fund Is Working to Modernize Its Tech Infrastructure

The overhaul aims to increase the efficiency of the system CREMIL uses to pay out some 2.5 billion pesos each year in pensions and social benefits.
Posted On September 27, 2017
, By Jared Wade
jorge hurtado absolute software Andicom 2017 Colombia (Photo credit: Loren Moss)
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Interview: Jorge Hurtado of Absolute Software Comes to Colombia to Evangelize “LoJack for Laptops”

"The Samsung security strategy is supported by having Absolute included in their devices," says Jorge Hurtado of Absolute Software.
Posted On September 24, 2017
, By Jared Wade
Christian Daes, chief operating office of Tecnoglass, a Barranquilla-based windowmaker. (Photo credit: Liliana Padierna)
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Interview: Tecnoglass COO Christian Daes Is Striving for Greater Vertical Integration and Further Expansion into the United States

"We want Barranquilla to be known in the future as the capital of windows in the world," said Christian Daes.
Posted On September 21, 2017
, By Loren Moss
The Colombian Supreme Court in Bogotá. (Credit: Kinori)
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Former Colombian Supreme Court Justice Arrested on Corruption Charges

“I am absolutely innocent,” said Francisco Ricaurte last night in a public comment.
Posted On September 21, 2017
, By Jared Wade
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