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For the five weeks ended August 30, 2020, comparable net merchandise sales for the 42 warehouse clubs open at least 13 ½ full months decreased 2.8% when compared to the same period last year.

You can use the FWAB as an emergency, back-up option if you do not have time to return your local ballot. If you send a FWAB and subsequently receive your local ballot, you can vote with the local ballot, too – your election official will count only your local ballot, and you...

Olga Lucia Arango, the president of EPM's largest labor union does not mince words when she expresses her union's concern over alleged mismanagement and political interference at the Medellín-based multinational utility operator. She has a message for the utility's bondholders,...

ETEK International Corporation has announced the appointment of Juan Camilo Reyes as the new Chief Revenue Officer (CRO) for Latin America.

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.

UPDATE: TheColombian government has launched an investigation into Avianca - When Avianca pulled a publicity stunt to have musicians on board perform a brass serenade for passengers and then posted it on Twitter, rival airline Viva Air was quick to call their competitor out for...

After a $370 million USD government loan was blocked by a Colombian court, a US bankruptcy judge approved a total of $1.217 billion USD in new DIP loans that Avianca was able to negotiate from existing creditors and new investors.

Avianca says it has raised $2 billion of DIP financing, including new loans and refinancing of existing notes, despite the blockage of a $370 million USD bailout loan from the Colombian government.

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...

Deliflor held its 2020 open house in conjunction with Colombia Chrysanthemum week, taken online this year due to the Pandemic travel restrictions. Still, Colombia Chrysanthemum Week 2020 online had lots to offer buyers, importers, breeders, and every link in the floriculture...