Tag

Rebus, a Colombian event and ticketing platform launched in 2017 and led by co-founder Juliana Villalba Torres, has raised $415,000 in seed funding from several angel investors, including Angel Ventures, Magma Partners, Enlaces, Quake Capital, Avalancha Ventures and several...

Last Thursday, January 23, Avianca flight AV693 flying from San José, Costa Rica to Bogotá, Colombia had to land in Panamá City’s Tocumen International Airport after experiencing severe turbulence that sent 3 crew and 1 passenger to the hospital, and left the plane damaged.

Growth in public debt burdens and fiscal deficits in many Latin American countries over the past decade will undermine the ability of governments to respond to shocks and a sharper than expected global slowdown in 2020, says Fitch Ratings. Weakening fiscal dynamics have been a...

S&P Global Ratings last week raised its issuer credit rating to ‘B-‘ from ‘SD’ and its issue-level rating on the 9% senior secured notes due 2023 to ‘B-‘ from ‘CCC-‘ and the 8.375% senior unsecured notes due 2020 to...

Banco de Bogotá has reached an agreement with Multi Financial Group (MFG), Panama’s eighth largest banking group by assets, to acquire 100% of its common capital for about $730 million dollars in an all-cash transaction. The proposed acquisition will add $5 billion to Banco...

 Colombia, Peru, Uruguay and Mexico lead the ranking of the Global Microscope on the environment for financial inclusion, an index that focuses on regulation, political strategies, and infrastructure to address this issue. In these four countries, financial inclusion is a...

Apparently upset by news reports in Finance Colombia and elsewhere, Colombia’s Minister of Agriculture Andrés Valencia Pinzón (above, black suit) has stated that the ministry’s recent resolution 350 of 2019 does not encourage shark finning, the practice of cutting off the fins of...

Avianca: "Our business may not succeed even if the Re-profiling Plan is successful and the Stakeholder Investment is consummated."

PriceSmart, Inc. (NASDAQ: PSMT) today announced that on August 21, 2019, it acquired approximately 111,000 square feet of land in the far north of the capital city, Bogotá upon which the company plans to construct its 47th warehouse club.  This club will be located within the...

Moody’s Investors Service last week downgraded to B2 from Ba2 LifeMiles Ltd.’s corporate family and senior secured ratings. The outlook has been revised to negative from stable. LifeMiles, Ltd. is a coalition loyalty, program and the sole operator of Avianca...