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//PressRelease – Edited & Rewritten From Contributed Information Submitted to Finance Colombia
1

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 order backlog, up 4.8% over the previous year, and record cash flow from operations of $24.3 million, despite...
Posted On August 7, 2020
, By Loren Moss
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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 the capital city's far north side.
Posted On August 6, 2020
, By Loren Moss
Puerto Antioquia, Gulf of Urabá, Colombia. Photo courtesy of Puerto Antioquia Holdings
1

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

Global Infrastructure Partners Capital Solutions Funds I and II (“GIP CAPS”) has closed on a $110 million USD secured holding company term loan investment  in Puerto Antioquia Holdings S.A.S., the port terminal in the Gulf of Urabá on the Atlantic coast of Antioquia, Colombia
Posted On July 28, 2020
, By Loren Moss
Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss
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PriceSmart Sales Down Less Than 2% In June Despite Coronavirus Restrictions

PriceSmart, Inc. (NASDAQ: PSMT) announced that for June 2020 net merchandise sales decreased 1.5% to $249.2 million USD from $253.1 million in June a year earlier in its warehouse clubs in The Caribbean & Latin America.
Posted On July 28, 2020
, By Loren Moss
seedling pharmacielo marijuana
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Pideka SAS / Ikänik Farms Selling Cannabis Oil In Colombia For Human, Veterinary, Research Uses

Ikänik Farms says that it has obtained all required pharma and agronomic certifications, enabling it to be the first in Colombia to complete a seed to "commercial sale", for use in the pharmaceutical form known as formula magistral.
Posted On July 28, 2020
, By Loren Moss
EPM Headquarters Building in Medellín's Plaza Mayor
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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. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...
Posted On July 8, 2020
, By Loren Moss
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 American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other...
Posted On June 29, 2020
, By Loren Moss
Above photo: Tecnoglass products make up the facade of distinctive architecture such as Fordham University (photo courtesy of Tecnoglass)
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Tecnoglass Announces Q2 Cash Dividend

Headquartered in Barranquilla, Colombia, the Company operates out of a 2.7 million square foot vertically integrated, state- of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific.
Posted On June 29, 2020
, By Loren Moss
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 2019, and the high number of ratings at ‘CCC’ or below categories.
Posted On June 29, 2020
, By Loren Moss
teleperformance
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Foreign Investors Still Confident In Colombia, According To Survey by IPAs

The study revealed that 66% of the surveyed businesspeople were optimistic regarding the operations of their companies in Colombia, while 30% feel the same in respect to the performance of the economy in general.
Posted On June 29, 2020
, By Loren Moss
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