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//Exchange Rate
Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss
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Pricesmart December Sales Up 2.8%

PriceSmart, Inc. (NASDAQ: PSMT) Net Merchandise Sales grew 2.8%, after negative 3.1% FX impact. Comparable Net Merchandise Sales decreased 1.7%, after 2.9% negative FX impact. E-Commerce Penetration was 2.8% of Total Net Merchandise Sales
Posted On January 25, 2021
, By Loren Moss
Tecnoglass facilities in Barranquilla
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Despite Coronavirus Pandemic Tecnoglass Reports Strong Results

Tecnoglass (NASDAQ: TGLS) Reported gross profit for the first quarter of 2020 was $30.5 million, representing a 34.9% gross margin compared to gross profit of $31.9 million, representing a 29.8% gross margin in the prior year quarter.
Posted On May 8, 2020
, By Loren Moss
Photo credit - https://imgur.com/user/josemanueldaes
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Tecnoglass Reports Strong Growth, Record $431 Million In 2019 Revenues

Tecnoglass, Inc. (NASDAQ: TGLS), the largest Colombian manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, this week reported financial results for the fourth quarter and full year ended...
Posted On March 4, 2020
, By Loren Moss
bancolombia medellin
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Bancolombia Projects Colombian GDP to Grow by 2.5% in 2018

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.
Posted On February 4, 2018
, By Jared Wade
LG Colombia Jhon Fredy Giraldo G6 Smartphone Signature washing machine refrigerator smart TV
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Q&A: Why Colombia Is Becoming More Important In LG’s Premium Global Consumer Strategy

"We have products for the whole Colombian market — so we’re thinking about quite ambitious growth," said Jhon Fredy Giraldo of LG.
Posted On April 4, 2017
, By Jared Wade
colombia inflation colombian peso
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Colombian Peso Takes Big Hit in the Wake of Donald Trump Election

The Colombian peso began depreciating in the lead up to the U.S. presidential election and took a big tumble today.
Posted On November 10, 2016
, By Jared Wade
santos colombia peace vote FARC umbrella bogota plebiscite
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The Economic Fallout of Colombia Rejecting Peace

The biggest risk for the economy is that Santos has now lost too much political capital to get tax reform passed this year.
Posted On October 3, 2016
, By Jared Wade
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