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A union leader in Barranquilla said the aim is to "defeat the informality and illegality that are killing the taxi union."

iShop's Barranquilla store will be its largest in Colombia, which is now home to 20 of the company's 49 stores in Latin America.

The quarterly dividend of $0.125 per share will be payable on April 28, said Tecnoglass earlier this month.

Tecnoglass says the $35 million USD acquisition will diversify its distribution network and strengthen its position in the United States.

Tecnoglass plans to repay around $185 million in obligations and fund working capital needs with the funds.

"This report highlights the challenging environment that Colombian consumers are experiencing," says Bancolombia.

The Miami company is the largest importer and reseller of Tecnoglass products in the United States.

Complete with a ceremonial "baptism," Colombia's new discount airline Wingo completed its first official flight yesterday.

Fitch Ratings assigned the company an issuer default ratings of BB-. Moody's handed out its equivalent at Ba3 for the firm's corporate family rating.

Two companies in Carlos Slim's Grupo Carso have interest in taking over Odebrecht's role in the massive Magdalena River project.