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//guatemala
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US Government Imposes Travel Ban On Dogs From Colombia & Other Countries – Cases Of Fake Vaccine Certificates Are To Blame

Dr. Emily Pieracci of the CDC told US News Outlet NPR that during 2020, the CDC discovered over 450 cases of dogs arriving to the US from certain countries with false vaccination certificates, prompting the agency to issue the emergency order.
Posted On June 17, 2021
, By Loren Moss
Pricesmart
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PriceSmart Continues To See Strong Growth, Reports Double Digit May Sales Increase

PriceSmart, Inc. (NASDAQ: PSMT) announced that net merchandise sales in May increased 16.3% to $286.4 million from $246.3 million in May a year earlier. Comparable net merchandise sales for the 45 warehouse clubs open at least 13½ full months increased 12.0% when compared to the...
Posted On June 9, 2021
, By Loren Moss
Avianca ATR 72-600
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Avianca Airlines Suspends Multiple International Routes

Avianca indicated that the restrictions were necessitated by “the constant restrictions in different countries in terms of limitation of the entry of tourists, operational reductions, as well as mobility within cities, and the high uncertainty that passengers still have."
Posted On March 2, 2021
, By Loren Moss
Pricesmart COVID temperature thermometer
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PriceSmart Announces January Sales Up 5.2%, Also Declares Dividend & Names New Directors

The company also plans to open new warehouse clubs in Guatemala City, Guatemala and Bucaramanga, Colombia in the fall of 2021, and in Portmore, Jamaica in the spring of 2022. Once these three new clubs are open, the company will operate 50 warehouse clubs.
Posted On February 12, 2021
, By Loren Moss
PriceSmart
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PriceSmart To Open 50th Warehouse Club In Bucaramanga, Colombia This Fall

With the addition of this new Colombia club and the new clubs already under construction in Guatemala City, Guatemala, and the Kingston suburb of Portmore, Jamaica, PriceSmart expects to have 50 clubs in operation by spring 2022.
Posted On February 5, 2021
, By Loren Moss
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Colombia’s 2020 Homicide Rate On Par With México, Exceeds El Salvador & Haiti says Insight Crime

While the homicide rate in Colombia fell again in 2020, the nation struggled to confront a number of other security threats. The 12,018 homicides recorded across the country last year marked a murder rate of 24.3 per 100,000 people, down just over six percent from the total...
Posted On January 29, 2021
, By Insight Crime
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
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Moody’s Says Outlook Negative on Colombian Banks Davivienda, Bancolombia, & Grupo Aval’s Banco de Bogota

Moody's changed to negative, from stable, the outlook on Bancolombia's ratings, while it maintained the negative rating outlook on Banco de Bogota and Davivienda. These actions follow the change in outlook to negative, from stable, on the Government of Colombia's Baa2 government...
Posted On December 17, 2020
, By Loren Moss
Beautiful Colombian woman shops at PriceSmart
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August PriceSmart Sales Flat, Pressured By Coronavirus Pandemic

For the five weeks ended August 30, 2020, comparable net merchandise sales for the 42 warehouse clubs open at least 13 ½ full months decreased 2.8% when compared to the same period last year.
Posted On October 26, 2020
, By Loren Moss
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Bancolombia Takes Over Grupo Agromercantil, Fitch Calls The Move Credit Neutral

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.
Posted On October 6, 2020
, By Loren Moss
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