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The agreement provides Scotiabank with a 20% ownership stake in the newly formed holding company, Davivienda Group.

It is Black Friday and Colombians are doing what they do best.....consuming!!

The government justifies the move based on a reported deficit of 12% domestic supply meeting producer demand.

As part of the deal, Scotiabank takes board seats and a partial interest in Davivienda.

The company is actively recruiting personnel for positions in Bogotá and Medellín, including service technicians, sales managers, and distribution coordinators.

"So a lot of these guys think that the local women have been ruined by feminism here in America,.." - Dr. Meszaros

The company announced a 36% increase in its quarterly dividend, raising it to $0.15 per share, and simultaneously expanded its share repurchase program to $100 million.

The confirmation of a permanent Chief Compliance Officer occurs during a period of heightened legal and political scrutiny for the company.

The implementation of the 0% tariff is part of a broader government strategy aimed at strengthening the competitiveness of the domestic apparel and footwear industries.

"An excessive minimum salary increase is a threat on two fronts. It will impact inflation as suppliers face higher costs and also further push that domestic demand."