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//colombia
Avianca flyers can say goodbye to the full featured seats and legroom they are accustomed to. (Photo: Loren Moss)
1

Avianca To Cram 24 More Seats Per Plane Amid Staggering Drops in Net Income & Passenger Traffic

Avianca  (NYSE: AVH, BVC: PFAVH)  has announced that it is changing out the seats in its Airbus A320 fleet with cheaper, thinner versions that will allow the airline to squeeze 24 more passengers on a flight, even though its passenger traffic is down almost 10% and on-time...
Posted On March 4, 2020
, By Loren Moss
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Coronavirus A Threat To Colombia, Latam Economies, Even Without Infections Says Fitch

Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.
Posted On February 27, 2020
, By Loren Moss
Javier Cordova, Para Resources. Photo source: Government of Ecuador
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Focusing On South American Mining, Para Resources Names Javier Cordova CEO

Junior mining company Para Resources Inc. (TSXV: PBR,WKN: A14YF1,OTC: PRSRF) announced last week that going forward it will focus on the company’s Colombian assets and other opportunities in South America. As such, the company announced that Mr. Javier Cordova (above) has been...
Posted On February 27, 2020
, By Loren Moss
map-of-the-world (Image credit: Yuri_B / Pixabay)
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Korean Re Approved To Begin Operations In Colombia

Korean Reinsurance Company has obtained approval from Colombian regulators to open a representative office in Bogota.
Posted On February 27, 2020
, By Loren Moss
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New Data Center Under Construction In Tocancipá By HostDime

Datacenter developer HostDime broke ground last week on a built-to-suit data center facility in the Bogotá, suburb of Tocancipá..
Posted On February 27, 2020
, By Loren Moss
Photo: Cayo Cangrejo, off the islands of San Andrés and Providencia in the Caribbean, is one of many tropical paradises in Colombia. (Credit: Roberto San Andrés)
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Colombia’s Insurance Industry “Stable” According To AM Best

AM Best is maintaining its stable market segment outlook on Colombia’s insurance industry, citing Colombia’s favorable economy, strong capital positions among carriers and adequate regulation. The new Best’s Market Segment Report, titled, “Market Segment Outlook: Colombia...
Posted On February 26, 2020
, By Loren Moss
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Marmato Gold Mine Spun Off From Gran Colombia Gold, To Trade On TSXV

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) has completed the spin-off of its Marmato Mining assets through a reverse takeover transaction completed this week with Bluenose Gold Corp. The resulting issuer is named Caldas Gold Corp. and subject to fulfillment of all of the...
Posted On February 26, 2020
, By Loren Moss
uber colombia bogota
1

Über Restarts Operations In Colombia With Altered Legal Operating Model

Thursday, ride-hailing platform Über restarted its Colombian operations with a modified legal operating model, after adverse rulings and harassment from the taxi sector were able to cause the company to cease operations in the country a month ago.
Posted On February 26, 2020
, By Loren Moss
1

Rappi Cofounder Juan Pablo Ortega Added To Viva Air Board of Directors

Colombian low-cost airline Viva Air this week announced that Rappi co-founder Juan Pablo Ortega Merino, co-founder of Rappi has been added to the company’s board of directors.
Posted On February 26, 2020
, By Loren Moss
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102 Colombian Municipalities Facing Drinking Water Shortages Due To Drought, Up From 32

Minvivienda, Colombia’s Ministry of Housing has announced in a follow-up study to one completed last month that the number of municipalities affected by the lack of rainfall has increased to 102; this even though several areas in the country have experienced heavy rain...
Posted On February 26, 2020
, By Loren Moss
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