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Colombia’s incoming administration faces a currency challenge as the peso’s strength pressures exporters, tourism and investment.

The peso sits near $3,200COP, but Bancolombia’s model pegs fair value at $3,720 COP — and sees it drifting back by 2027.

A stronger dollar and a 21% oil slump battered peers, yet Colombia's currency broke ranks. Bancolombia explains why - and where it goes next.

Service-oriented and labor-intensive businesses may face higher operating costs due to the 23% minimum wage hike and its immediate impact on indexed service categories

“It’s as if all the stars lined up for us and what you saw were the results as of 2022, where we were able to grow 44%”

Record Q4 Gross Margin, Operating Margin, Net Income, Adjusted EPS & Free Cash Flow

Net merchandise sales grew 8.6%. Membership renewals were 87.9% and EPS grew 7.1% to $1.05 per share.

Gross profit for the third quarter of 2022 nearly doubled to $105.3 million, representing a 52.2% gross margin

The order backlog for Tecnoglass includes 20 of the 22 tallest skyscrapers currently under construction or planning to break ground in South Florida.

In many markets PriceSmart is the only reliable source for high quality grocery imports from the US, such as whole turkeys or authentic bacon, ham, cheeses & condiments.