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Month

//August 2020
Medellín's Féria de las Flores. Photo credit: Loren Moss
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Guest Editorial: Another 8/11 To Remember

The decisions of Mayor Quintero and his CEO at EPM without having his Board of Directors present on one side; and on the other with a similar behavior in Route N put asunder respect for the institutions and good governance of both entities; valuable heritage of our community.
Posted On August 18, 2020
, By Sergio Escobar
2

Fitch Downgrades EPM, Citing “Deterioration Of Corporate Governance” After Medellín Mayor’s Usurpations

After the entire board of directors resigned in protest of Medellín Mayor Daniel Quintero's usurpation of board prerogative and corporate governance, international ratings firm Fitch has downgraded EPM's credit rating, and placed it on a negative ratings watch.
Posted On August 17, 2020
, By Loren Moss
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Free Webinar August 26: Hydropower of Latin America: Implementation of HPPs Construction & Modernization Projects

Free webinar August 26: Hydropower of Latin America: implementation of HPPs construction and modernization projects 11 am Colombia time Organizer: Vostock Capital Website: https://www.latinamericahydrocongress.com/en/webinar
Posted On August 17, 2020
, By Loren Moss
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CEO, Entire Board Of Medellín’s Ruta N Resign 1 Day After EPM’s Board, Deepening Crisis For Mayor Daniel Quintero

Just one day after the board of directors of Medellín utility EPM resigned in protest, Medellín technology incubator Ruta N’s entire board of directors, citing a lack of confidence in Quintero’s stewardship.
Posted On August 17, 2020
, By Loren Moss
Photo montage courtesy EPM
5

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

The board’s resignation left the utility’s CEO, Álvaro Guillermo Rendón trying to explain to the media and public why the entire board of directors resigning or the mayor’s actions are nothing to worry about.
Posted On August 17, 2020
, By Loren Moss
Lisa Mota Pinto is commercial vice president of the Viva Air Group.
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Viva Air Launches New Frequent Flyer Prepurchase Program

Medellín based low cost carrier Viva Air in association with travel technology company Caravelo, has launched a new product for its frequent passengers that allows them to pre-purchase packages of coupon vouchers redeemable for domestic or international flights, without having to...
Posted On August 10, 2020
, By Loren Moss
IBM Bogotá
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IBM Opens Cognitive Process Transformation Center In Bogotá

IBM has announced the opening of its Cognitive Process Transformation Center in Bogotá Colombia, supporting IBM clients in Spanish, English & Portuguese with various outsourced back-office functions.
Posted On August 10, 2020
, By Loren Moss
1

Despite Temporary COVID-19 Plant Shutdown, Tecnoglass Reports Record Backlog, Margins

Barranquilla, Colombia based glass & aluminum manufacturer Tecnoglass (NASDAQ: TGLS) reported second quarter results yesterday, highlighting a record $550 million USD order backlog, up 4.8% over the previous year, and record cash flow from operations of $24.3 million, despite...
Posted On August 7, 2020
, By Loren Moss
copa airlines boeing 737 Max
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Copa Airlines Reports $386 Million USD Loss For Q2 2020

Copa has now scheduled the restart of its regular commercial flights for September 4th, 2020.
Posted On August 7, 2020
, By Loren Moss
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Little Caesars Pizza Coming To Colombia

Global pizza chain Little Caesar's is coming to Colombia. The first two restaurants in Bogotá will be located in the San Cipriano and Prado Veraniego neighborhoods of Suba, on the capital city's far north side.
Posted On August 6, 2020
, By Loren Moss
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