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Month

//August 2023
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Grupo Aval Will Pay $80 Million USD to Resolve Odebrecht Investigations by US and Colombian Authorities

The resolution brings an end to the long-running corruption and bribery saga surrounding Corficolombiana and Odebrecht's illicit attempts to gain favor with officials overseeing the Ruta del Sol 2 highway project.
Posted On August 22, 2023
, By Gustavo Mejia
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Major Shakeup Hits Ecopetrol as Four Vice Presidents Abruptly Leave the State-Controlled Oil Company

The board of directors' decision has spurred fears of a leadership crisis and controversy about the future of Colombia's most important company.
Posted On August 21, 2023
, By Santiago Ramirez
Photo courtesy Arajet
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Arajet to Offer Add-On Ground Transportation to Punta Cana with Flights to Santo Domingo

"We offer users the convenience of being able to reach their final destination buying everything under the umbrella of Arajet," said the low-cost Dominican airline.
Posted On August 21, 2023
, By Editorial Staff
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Report: Latin American Countries Could See Growth as Fashion Industry Looks for Suppliers Outside of China

With growing concerns about forced labor and deteriorating US-China relations, some companies are increasingly looking for a plan B.
Posted On August 20, 2023
, By Elle F. Yap
Image by Alberto Adán from Pixabay
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Fitch Says Competition & High CapEx to Pressure Colombia Telecom Credit Profiles

Colombia’s mobile market is the most saturated in the Andean region, with over 82 million mobile lines for its 50 million citizens.
Posted On August 17, 2023
, By Loren Moss
Tecnoglass launches on the NYSE
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Tecnoglass Becomes A US Company

Tecnoglass says that the move will have no effect on the company’s Barranquilla manufacturing or production employment,
Posted On August 17, 2023
, By Loren Moss
Former Environment Minister Frank Pearl is now president of the Colombian Petroleum Association, ACP. (photo: ACP)
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Frank Pearl To Lead ACP, Colombia’s Largest Petroleum Industry Association

Pearl was the country’s Environment Minister in 2011 where he led plans for the country to adapt to climate change, and was also High Commissioner for Peace, where he negotiated with guerilla groups ELN and FARC.
Posted On August 17, 2023
, By Loren Moss
Finance Colombia's Loren Moss (left) interviews F2R organizer Guillermo Pajón.
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Interview: F2R’s Guillermo Pajón Talks About the Promising Future for Colombia’s Motorcycle Industry

Guillermo Pajón of F2R: "The space that the Japanese brands left, other brands are going to take it ... there's a market for every user and for every pocket, as they say"
Posted On August 17, 2023
, By Loren Moss
In September 2022, the Colombian military destroyed four dredging rafts on the Pureté River, which runs from Brazil into Colombia’s Tarapacá region
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Digging Into a Toxic Trade: Illegal Mining in Amazon Tri-Border Regions

Illegal mining is by far the most widespread and insidious environmental crime occurring in the Amazon’s tri-border region of Colombia, Brazil, and Peru.
Posted On August 17, 2023
, By Insight Crime
An ugly brawl broke out when angry Avianca passengers were stranded in Barranquilla.
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¡Arróz con Mango! Fed Up Passengers Brawl After Avianca Leaves Over 100 Stranded Overnight In Barranquilla

An ugly brawl broke out when angry Avianca passengers attempted an airport blockade after being left stranded in Barranquilla.
Posted On August 15, 2023
, By Loren Moss
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