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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...
Posted On August 7, 2020
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DHL Express To Open 10 New Retail Service Locations In Colombia

Posted On July 30, 2020
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Puerto Antioquia, Gulf of Urabá, Colombia. Photo courtesy of Puerto Antioquia Holdings

Puerto Antioquia Gets $110 Million USD Debt Financing From Global Infrastructure Partners

Posted On July 28, 2020
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Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss

PriceSmart Sales Down Less Than 2% In June Despite Coronavirus Restrictions

Posted On July 28, 2020
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Energy

EPM Headquarters Building
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EPM’s New Dollar-Denominated Debt Rated As BBB By Fitch

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031....
Posted On July 8, 2020
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Finance Colombia Readers Invited On Virtual Tour of Ecopetrol’s Cartagena Refinery

Posted On June 11, 2020
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Ecopetrol Barrancabermeja Oil Spill Santander 2

Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Posted On June 8, 2020
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Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

Posted On June 8, 2020
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Mining

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Caldas Gold Releases Q1 2020 Results

Caldas Gold production totaled 5,901 ounces of gold and 9,012 ounces of silver in the first quarter of 2020 compared with 6,215 ounces of gold and 9,839 ounces of silver in...
Posted On May 25, 2020
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Photo courtesy Guyana Goldfields

Gran Colombia Gold Stock Swap Offer Rejected By Guyana Goldfields

Posted On May 18, 2020
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Image by Sebastian Ganso from Pixabay

Gran Colombia Gold To Purchase 11.2 MW Solar Project In Tolima

Posted On May 18, 2020
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Gran Colombia Gold Seeks To Acquire Guyana Goldfields and Gold X

Posted On May 11, 2020
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BFSI: Financial Services

The above IHME map shows the mean value (across the 1,000 regressions that IHME runs in its SEIR model) of effective reproductive number, R, on June 9. Infections on June 9 roughly correspond to cases of COVID-19 on June 20 given the average duration of 11 days between infection and being reported as a case. Where this value is greater than 1, it means that every person infected with COVID-19 will produce more than one additional infected person. To successfully eliminate a disease from a population, R needs to be less than 1. The map shows that on June 9 in many parts of the world, R was lower than 1, including many parts of North America, Europe, Africa, India, Australia, and New Zealand. Locations that are showing effective R values greater than 1, which means that the number of cases of COVID-19 in the population is growing, include several states in India, the US, Mexico, and Brazil, as well as many countries in the Southern Hemisphere, such as Argentina, Chile, and Indonesia. Several countries in the Middle East, including Egypt, Saudi Arabia, Iraq, and Yemen, as well as Turkey and Iran, also had R values greater than 1 as recently as two weeks ago.
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Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin America...
Posted On June 29, 2020
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Reverse Mortgages Coming To Colombia

Posted On June 17, 2020
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ADDI co-founders Santiago Suarez, Daniel Vallejo, and Elmer Ortega (Photo: Globe Newswire)

Colombian Consumer Lender ADDI Raises $15 Million In VC Round

Posted On June 10, 2020
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reinsurance latin america house collapse

AM Best Revises Outlook To Negative On Colombia’s Insurance Industry

Posted On June 8, 2020
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Real Estate & Construction

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Colombia’s 4G Autopista al Mar 1 Highway Project 71% Complete

In Cañasgordas, Autopista al Mar 1 will connect with the Autopista al Mar 2 project which runs from Cañasgordas to the Gulf of Urabá on Colombia’s Atlantic coast,...
Posted On July 29, 2020
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Bogotá Class-A Office Space Pricing Down 8-9% According To Cushman & Wakefield

Posted On July 29, 2020
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Puerto Antioquia, Gulf of Urabá, Colombia. Photo courtesy of Puerto Antioquia Holdings

Puerto Antioquia Gets $110 Million USD Debt Financing From Global Infrastructure Partners

Posted On July 28, 2020
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Corporate Responsibility, Giving

Photo courtesy Pionerasdev
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PionerasDev Wins $50,000 USD Grant From IBM For Developing Colombian Women In Programming

IBM has announced that it has awarded a $50,000 USD grant to Colombia-based PionerasDev, a nonprofit whose mission is to create and cultivate self-managed communities for...
Posted On July 27, 2020
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Spirit Airlines Fined By US Government For Unethical Behavior, Violating Passenger Rights

Posted On June 23, 2020
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Viva Air Delivers Medical & Humanitarian Aid To Pandemic-Stricken Leticia, In Colombia’s Amazon

Posted On May 19, 2020
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Viva Air Now Transporting Cargo For Humanitarian Deliveries In Passenger Cabin

Posted On May 10, 2020
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Public Sector, Education

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Former Colombian President Alvaro Uribe, 2 Sons Are Infected With Coronavirus COVID-2

1 day after being detained in house arrest by Colombia’s supreme court on charges of witness tampering, former president and current senator Alvaro Uribe is infected with the...
Posted On August 5, 2020
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This familiar view of the Capitol’s East Front appeared in Die Gartenlaube, a popular German illustrated weekly newspaper. Published in Leipzig, the periodical was aimed at the middle classes and deemed a “friend of the family,” both for its instructive and entertaining content and generous use of images with text. The Capitol exterior was completed two years before this publication, during the Civil War, and its image appeared frequently in international periodicals. 1865, Collection of the U.S. House of Representatives

94 US Congress Members Call Out Colombia’s Duque Administration For Failures To Protect Human Rights Defenders & 2016 Peace Accord Implementation

Posted On July 7, 2020
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Colombia Extends Curfew Until July 15, Some Discretion For Restaurants & Worship Delegated To Mayors

Posted On June 29, 2020
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avocado colombia hass colombian avocados USDA import world avocado association

Colombia UK Bilateral Trade Agreement Passes Out Of Colombian Senate

Posted On June 29, 2020
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Entrepreneurship

ADDI co-founders Santiago Suarez, Daniel Vallejo, and Elmer Ortega (Photo: Globe Newswire)
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Colombian Consumer Lender ADDI Raises $15 Million In VC Round

Bogotá firm ADDI has raised $15 million USD in venture capital to grow ADDI’s business in Colombia and to expand to new Latin American markets. Addi provides consumer point of...
Posted On June 10, 2020
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fedex

Fedex Launches Grant Program For Colombian Entrepreneurs

Posted On May 4, 2020
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Photo © Loren Moss

Colombian Airline Viva Air Offers $10,000 Prize For Innovative Ideas To Support The Aviation Sector

Posted On April 6, 2020
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Singularity Summit: Deloitte’s Duleesha Kulasooriya Examines Colombia’s Orange Economy Initiative

Posted On March 28, 2020
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Law & Justice

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Former Colombian President Alvaro Uribe, 2 Sons Are Infected With Coronavirus COVID-2

1 day after being detained in house arrest by Colombia’s supreme court on charges of witness tampering, former president and current senator Alvaro Uribe is infected with the...
Posted On August 5, 2020
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Breaking News: Former Colombian President Alvaro Uribe Under House Arrest

Posted On August 4, 2020
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Photo of Marta Lucia Ramirez by Felipe Castaño, Vicepresidency of The Republic

Exposed For Verified Family Ties To Narcotraffickers, Colombia’s Vice President Files Criminal Charges Against Investigative Journalist

Posted On August 1, 2020
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Bogotá’s Mayor Threatens To Shutter PriceSmart, Makro

Posted On June 20, 2020
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Food, Health, Agriculture

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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...
Posted On August 6, 2020
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Ecopetrol, Universities Launch Cosmetic Palm Oil Development Initiative

Posted On July 30, 2020
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Image courtesy Sanaty - Twitter https://www.facebook.com/ipssanaty/photos/pcb.1034819156654376/1034818803321078/

QuestCap Social Impact Investors Take 28% Stake In Colombian Health Clinic Sanaty IPS

Posted On July 29, 2020
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Ivan Duque photo credit César Carrión of the Presidencia de la República

Colombian Coronavirus Curfew, Lockdown & Quarantine Extended Until September

Posted On July 29, 2020
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IT & Telecommunication

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...
Posted On August 10, 2020
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Photo credit: Tienda Movistar» de Andreuvv - Trabajo propio. Disponible bajo la licencia CC BY-SA 3.0 vía Wikimedia Commons

Movistar Issues $500 Million USD In Bonds

Posted On July 30, 2020
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Photo courtesy Pionerasdev

PionerasDev Wins $50,000 USD Grant From IBM For Developing Colombian Women In Programming

Posted On July 27, 2020
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Image by Finn Maxwell Cousineau from Pixabay

5 Firms To Begin 5G Network Trials In Colombia While 4G Deployment Continues

Posted On June 29, 2020
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Travel & Hospitality

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...
Posted On August 10, 2020
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copa airlines boeing 737 Max

Copa Airlines Reports $386 Million USD Loss For Q2 2020

Posted On August 7, 2020
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Viva Air Receives Post COVID-19 Biosecurity Approval From Colombian Government

Posted On July 29, 2020
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Avianca Not Renewing Certain Employment Contracts Due To Bankruptcy & Pandemic

Posted On July 28, 2020
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Economy

LATAM Fine colombia
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Latin American Corporate Defaults Expected To Rise, says Fitch

The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of...
Posted On June 29, 2020
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Colombia's meeting of the Superior Fiscal Policy Council of the Finance Ministry where suspension of the Fiscal Rule was approved. (photo: Minhacienda)

Colombian Government Suspends Fiscal Rule, Opening Door To Deeper Deficit Spending

Posted On June 20, 2020
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Image by Денис Марчук from Pixabay

Latin American Governments’ Weak Public Finances Leave Them Ill-Equipped To Battle Coronavirus Recession: Fitch

Posted On June 8, 2020
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Colombia's Tatacoa Desert image by Makalu from Pixabay 

Fitch: Real GDP Will Fall 4.5% in Colombia & 3.9% In Chile; Countries Will Struggle To Recover

Posted On May 25, 2020
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Interviews

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While The Global Aviation Industry Faces Crisis, Viva Air Remains In Growth Mode: Exclusive Interview With CEO Felix Antelo

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the...
Posted On May 17, 2020
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Colombia’s Petroleum Producers & Labor Union United In Decrying Oil Transport Rate Inflexibility

Posted On May 5, 2020
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Expats, Visitors Stuck Inside (or outside) Colombia? Here Is What You Should Do Now

Posted On May 4, 2020
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Interview: Will Avianca & LATAM Airlines Survive? Standard & Poor’s Analysts Weigh In

Posted On April 18, 2020
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Guest, Op-Ed, Analysis

Photo credit: Laura LaRose via Flickr https://flic.kr/p/QACXgS Creative Commons Attribution 2.0 license
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Cuban Doctors Deploying To Medellín? Not All Roads Lead To Cuba In International Cooperation – Op Ed

A leaked letter showed that Medellín Mayor Daniel Quintero wrote the cuban government asking for Cuban doctors to potentially come to Medellin and help with the COVID-19...
Posted On August 1, 2020
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Editorial: President Duque’s “Day Without Sales Tax” Devolves Into Public Health Fiasco

Posted On June 21, 2020
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Guest Editorial: The Challenging New Path For Tourism In Medellín & Antioquia

Posted On June 1, 2020
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Colombia's Tatacoa Desert image by Makalu from Pixabay 

Fitch: Real GDP Will Fall 4.5% in Colombia & 3.9% In Chile; Countries Will Struggle To Recover

Posted On May 25, 2020
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