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Ryanair investment arm Irelandia Aviation has increased its ownership of VivaColombia from 25% to 75% to take the majority stake in Colombia’s only discount airline. In announcing the move, it highlighted Colombia’s potential for growth and said it plans to continue...

"There is little room for policymakers to leave interest rates on hold," according to Capital Economics analyst Adam Collins.

The Mumbai-based Essel Propack says that its new facility will double its capacity in Colombia while allowing it to manufacture another 180 million packaging tubes per year.

Though Bancolombia's recapitalization plan may yield dividends, "Fitch does not expect capitalization to return to levels reported in 2014 during this period."

While Colombia is the best over-performer in all of Latin America, "this does not mean there is room for complacency," states the new report from Telefónica.

With a 3% market share of printed circuit boards in Colombia and global ambitions, the Medellín-based Invertrónica is pushing for greater growth and international reach.

While the uptick provided much needed revenue for the government, the news isn't so positive outside of the one $2 billion sale of a state-owned utility.

Using Microsoft's Azure technology, the companies say they will offer improved data services, increased security, local currency payments, and account management.

"This is an efficient and innovative initiative that allows Bancolombia to make life easier for its customers," says the bank.

The Spanish carrier allegedly promoted a direct flight from Medellín to Madrid when the route in fact included a stopover in the nearby Colombian city of Cali.