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By

//Jared Wade
LATAM Airlines Boeing 787-9 Dreamliner
off

LATAM Airlines Fined $22 Million USD for Bribery Charges in Argentina

The U.S. Department of Justice says that LAN's actions in Argentina were in violation of the Foreign Corrupt Practices Act.
Posted On July 26, 2016
, By Jared Wade
consumer confidence santafe centro comercial bogota
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Consumer Confidence Creeps Up in Colombia for the Fifth Straight Month

Despite an increase for the fifth straight month, BBVA analysts caution against an overly optimistic reaction to another minor uptick
Posted On July 26, 2016
, By Jared Wade
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Fitch Puts Colombia’s Ratings on Negative Outlook

Colombia's troubling current account deficit, external debt, and government deficit have led Fitch to assign the country a negative outlook.
Posted On July 25, 2016
, By Jared Wade
CAF loan colombia guasca
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CAF Grants a $450 Million USD Development Loan to Colombia

"Today, more than ever, we need more inclusive, competitive, efficient, and sustainable cities," said CAF head Enrique Garcia.
Posted On July 22, 2016
, By Jared Wade
truck paro camionero colombia
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Trucker Strike Ends in Colombia After 45 Days of Disrupting the Nation’s Transportation Network

“This strike, which lasted 45 days, has been very costly for everyone,” said Colombia President Juan Manuel Santos in announcing the deal reached with the truckers.
Posted On July 22, 2016
, By Jared Wade
Bogotá, Colombia imf growth
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IMF Maintains 2.5% GDP Growth Forecast for Colombia in 2016

In terms of large Latin American economies, Peru and Colombia are the only two countries currently projected for growth of 3.0% or more in 2017.
Posted On July 21, 2016
, By Jared Wade
VivaColombia Colombia airplane el dorado airport (Photo credit: Viva Air)
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Ryanair Investment Arm Purchases Majority Stake of Discount Airline VivaColombia

Ryanair investment arm Irelandia Aviation has increased its ownership of VivaColombia from 25% to 75% to take the majority stake in Colombia’s only discount airline. In announcing the move, it highlighted Colombia’s potential for growth and said it plans to continue...
Posted On July 21, 2016
, By Jared Wade
corn in colombia, representative of food inflation
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Analyst Predicts Further Interest Rate Hikes in Colombia due to High Inflation and Food Prices

"There is little room for policymakers to leave interest rates on hold," according to Capital Economics analyst Adam Collins.
Posted On July 20, 2016
, By Jared Wade
Essel Propack
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Indian Packaging Giant Essel Propack Establishes New “Gateway to South America” Plant in Valle del Cauca

The Mumbai-based Essel Propack says that its new facility will double its capacity in Colombia while allowing it to manufacture another 180 million packaging tubes per year.
Posted On July 20, 2016
, By Jared Wade
bancolombia
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Fitch Maintains Rating Watch Negative for Bancolombia and Banco de Bogotá

Though Bancolombia's recapitalization plan may yield dividends, "Fitch does not expect capitalization to return to levels reported in 2014 during this period."
Posted On July 19, 2016
, By Jared Wade
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