Finance Colombia » Rodrigo Torres

off

Grupo Exito Braces for Amazon Competition with Digital Marketplace Expansion and Plan to Launch Puntos Colombia

Exito plans to monetize its Big Data assets through a program called Puntos Colombia, which has been developed with Bancolombia and will launch in early 2018.

Posted On December 18, 2017

, By Rodrigo Torres

Avianca Airbus A320 plus Colombia (Credit: Avianca)

off

Avianca Holdings Reports $36.1 Million USD Net Income for Third Quarter of 2017

“The pilot strike will have an adverse effect on our fourth quarter results,” said Hernán Rincón, CEO of Avianca Holdings.

Posted On November 21, 2017

, By Rodrigo Torres

Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)

off

Based On a Solid Profile, Fitch Ratings Affirms Its BB- Rating for Tecnoglass with a Stable Outlook

Fitch says the rating reflects the firm's good market position in windows, low cost base, and long-term expected growth rate.

Posted On November 8, 2017

, By Rodrigo Torres

colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin

off

Fitch Ratings Analyst: Tax Reform May Not Be Enough to Improve Colombia’s Ratings Outlook

“We have to wait for the results of the tax reform," analyst Richard Francis told Finance Colombia in New York.

Posted On January 12, 2017

, By Rodrigo Torres

off

Bogotá City Council Approves Sale of the 20% of Public Utility EEB

The mayor is seeking to raise up to $1.4 billion USD for new infrastructure, especially highways and a regional train.

Posted On November 9, 2016

, By Rodrigo Torres

off

Ahead of Vote, Bogotá City Council Debates Mayor’s Plan to Sell EEB Shares for $1.4 Billion USD

Mayor Enrique Penãlosa wants to raise some $1.35 billion USD for transportation projects, but he is facing strong opposition from labor and the Social Party of National Unity.

Posted On October 28, 2016

, By Rodrigo Torres