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Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

Inflation and high capital costs are causing deteriorating liquidity for Colombian corporates, according to Fitch.

The manufacturer announced their backlog has expanded 17.9% Year-Over-Year to a Record $651 Million USD

The move lowers Interest Expense by an Estimated $3 Million Annually, Representing Cumulative Annual Interest Savings of ~$15 Million Through Refinancing Activities Since 2020

Total Revenues Up 26% YoY to a Record $130.4 Million; Backlog Expands to a Record $576 Million, Up 7.4% YoY; Record Cash Flow From Operations of $32.6 Million

Tecnoglass, Inc. (NASDAQ: TGLS) Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, Thursday reported financial results for the first quarter ended March 31, 2019....

"We were able to capture the profit coming from the higher international oil prices," said Ecopetrol CEO Felipe Bayón.

The third shipment of electrical cables has arrived from Mexico aboard a Ukraine-flagged, Russian-built specialized transport aircraft to make emergency repairs to EPM’s Guatapé hydroelectric generation facility after an accidental fire on February 15 in an access tunnel took the...