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February 2018
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Moody’s Drops Ratings Outlook to Negative for Bancolombia, Banco de Bogotá, and Various Insurers
Others with outlook drops include Seguros Generales Suramericana, Confianza, ISA, EPM, and Enel Americas.
Posted On
February 28, 2018
,
By
Jared Wade
off
With Profits of Some $2.3 Billion USD in 2017, Ecopetrol Posts Best Results in Four Years
The net profit of 6.62 trillion pesos ($2.3 billion USD) is more than four times above the results of 2016 and the highest since 2013.
Posted On
February 28, 2018
,
By
Jared Wade
off
Avianca Fires 35 Pilots After Initial Disciplinary Hearings for Last Year’s Strike
Among those fired was Colombian Association of Civil Aviators (ACDAC) union head Jaime Hernández.
Posted On
February 27, 2018
,
By
Jared Wade
off
In $409 Million USD Deal, Zurich Will Acquire QBE Insurance Operations in Latin America
Zurich expects the transaction to be finalized “by the end of 2018” and funded by internal sources.
Posted On
February 26, 2018
,
By
Jared Wade
off
Cementos Argos and Grupo Calidra Jointly Form Lime Production Company Caltek
Following an initial investment of nearly $40 million USD (113 billion pesos), the flagship Caltek plant will be located in Puerto Triunfo.
Posted On
February 25, 2018
,
By
Jared Wade
off
Moody’s Affirms Baa2 Credit Rating for Colombia but Lowers Outlook to Negative
Political uncertainty due to the upcoming election and challenges adhering to the so-called fiscal rule were cited as reasons for the diminished outlook.
Posted On
February 23, 2018
,
By
Jared Wade
off
Ecopetrol Extends Reserve Life to 7.1 Years with 3.7% Increase of Proven Reserves in 2017
Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.
Posted On
February 23, 2018
,
By
Jared Wade
off
Bancolombia Has Introduced New Tabot Chatbot for Facebook Messenger
The AI-powered customer service chatbot works through Facebook Messenger and a rollout into more channels is planned down the road.
Posted On
February 22, 2018
,
By
Jared Wade
off
Major Shakeup: PentaNova Energy Appoints New President, CEO, and Chairman in Sweeping Management Overhaul
PentaNova will issue 4.8 million common shares to the new management team “as the inducement to join the company.”
Posted On
February 20, 2018
,
By
Jared Wade
off
Camilo McAllister Resigns as CFO of Frontera Energy Corporation
McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed
Posted On
February 19, 2018
,
By
Jared Wade
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