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//Loren Moss
Ecopetrol Barrancabermeja Oil Spill Santander 2
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Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Cenit, an Ecopetrol Group subsidiary company, has informed that it activated the contingency plan in the pipelines of Caño Limón-Coveñas and Bicentenario to address the emergencies caused by seven attacks that have taken place since last Saturday in Arauca, Boyaca and Norte de...
Posted On June 8, 2020
, By Loren Moss
reinsurance latin america house collapse
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AM Best Revises Outlook To Negative On Colombia’s Insurance Industry

AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which will strain the segment considerably. A new Best’s Market Segment Report, titled, “Market...
Posted On June 8, 2020
, By Loren Moss
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Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.
Posted On June 8, 2020
, By Loren Moss
Image by Денис Марчук from Pixabay
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Latin American Governments’ Weak Public Finances Leave Them Ill-Equipped To Battle Coronavirus Recession: Fitch

According to Fitch Ratings, Latin America sovereigns' weak public finances make them particularly vulnerable to the coronavirus crisis by limiting both their counter-cyclical policy flexibility and their ability to support post-crisis economic recoveries. The pronounced negative...
Posted On June 8, 2020
, By Loren Moss
Avianca's Boeing 787 Plus taking off
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Avianca Claims NYSE Delisting Won’t Directly Affect Colombian Stock Market Investors

Avianca says are unaware of any implication or effect that the NYSE’s decision could have on a Colombian investor, since all the mechanisms for negotiation in respect the Company’s preferred shares in the Colombia Securities Exchange, or BVC (Bolsa de Valores de Colombia) remain...
Posted On June 3, 2020
, By Loren Moss
2

Colombia Coordinating Humanitarian Repatriation Flights For Citizens Stranded Abroad

The Colombian government continues to arrange humanitarian flights to repatriate its citizens stranded abroad. To participate, Colombians must have previously registered with their respective Colombian Consulates to qualify for these flights, and must pay the ticket cost.
Posted On June 1, 2020
, By Loren Moss
1

Colombian Government Makes Work-From-Home The Law For All Public & Private Companies Whenever Possible

The Colombian government has decreed that all government or private-sector employees that can work from home, must work from home as a response to the Coronavirus Pandemic.
Posted On June 1, 2020
, By Loren Moss
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Colombia To Permit International Flights From September 1, Reopens Ticket Sales

Colombia's government announced that Colombia’s airports will reopen to international flights beginning September 1. Domestic flights are expected to resume July 1, as the national curfew is slated to end June 30, though this has not been confirmed.
Posted On May 31, 2020
, By Loren Moss
Baird presents its Global Consumer, Technology & Services Conference to be held virtually Tuesday, June 2 – Thursday, June 4.
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Tecnoglass To Present At Baird Virtual Investor Conference June 4

Colombian glass & aluminum manufacturer Tecnoglass, Inc. (NASDAQ: TGLS) today announced that the company will attend the Baird 2020 Virtual Global Consumer, Technology & Services Conference on Thursday, June 4, 2020.
Posted On May 29, 2020
, By Loren Moss
LATAM Airlines Boeing 787-9 Dreamliner
2

LATAM AIRLINES FILES BANKRUPTCY

LATAM Airlines this morning filed for Chapter 11 Bankruptcy in the US, though Quatar Airways & 2 South American Families have pledged almost $1 billion USD in support to preserve the airline & uninterrupted operations.
Posted On May 26, 2020
, By Loren Moss
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