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The company will also have an option to acquire an additional 10% equity interest in LCP Barbados from Latin-Canada Pharma within 60 days following the closing of the transaction by paying USD$600,000 to the shareholders of Latin-Canada Pharma Inc.

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.

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.

Avianca is not renewing employment contracts after filing for bankruptcy. Many employees are on furlough, some of those will not return, no matter Avianca's outcome.

After the first COVID-19 tax holiday was condemned as irresponsible, the Colombian government is restricting electronics & appliance sales during the next two tax holidays taking place in July where shoppers will be exempt from the country's 19% VAT tax.

President Ivan Duque announced a further extension to Colombia’s national curfew in response to the Coronavirus COVID-19 Pandemic to July 15 in Decree 878 of June 25, but also modified Decree 847 of June 14, allowing limited pilots of restaurant and church reopenings.

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.

Colombia's "Day without Tax" may have undone in less than 24 hours the country's past three months of success in battling the Coronavirus COVID-19 Pandemic. Even if the government decides to lift curfews and restrictions, this may have been the dumbest possible way to do it.

Claudia Lopez, Bogotá's increasingly strident Mayor last week threatened to shutter retailers Makro & PriceSmart on a radio interview, saying the stores were not doing enough to fight the Coronavirus COVID-19 Pandemic

Colombia took first place in the Global Big Day birdwatching event organized by Cornell University. Of 1,440 species observed, 600 species were seen in Antioquia, 548 in Valle del Cauca, 532 in Meta, and 505 each in Caldas & Cundinamarca departments.