Finance Colombia

Beautiful Colombian woman shops at PriceSmart

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PriceSmart To Open 3rd Bogotá-Area Store, 8th In Colombia

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...

Posted OnAugust 27, 2019

, ByLoren Moss

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Sura Selects FRISS For Integrated P&C Claims & Fraud Detection In Personal Lines

FRISS and Guidewire Software, Inc. (NYSE: GWRE) announced last week that SURA Colombia (SURA) has deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. According to FRISS, SURA Colombia is the first...

Posted OnJune 24, 2019

, ByLoren Moss

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Avianca Sells Regional Airline Subsidiaries in Nicaragua & Costa Rica

Avianca Holdings S.A., (NYSE: AVH) (BVC: PFAVH), through its subsidiaries Grupo Taca Holdings Limited and Nicaraguense de Aviacion S.A., closed the sale of its shares in Turboprop Leasing Company Ltd., parent company of the Costa Rican airline Servicios Aéreos Nacionales S.A...

Posted OnJune 13, 2019

, ByLoren Moss

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Colombia’s 13th Feria de las 2 Ruedas Motorcycle Industry Event Breaks All Previous Records

“Like everything a success”, said event organizer Guillermo Pajón. Colombiá’s Feria de las 2 Ruedas motorcycle industry event offered something for everyone: Industry businesspeople, importers, exporters from around the world, and on the last two days of the expo,...

Posted OnMay 12, 2019

, ByLoren Moss

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Wingo Launches Flights from Colombia to Dominican Republic and Curaçao

Discount Colombian airline Wingo announced this week that it will launch two new flights from Bogotá to the Dominican Republic and Curacao.

Posted OnFebruary 22, 2019

, ByJared Wade

(Image credit: mohamed_hassan / Pixabay)

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Colombia Falls Three Spots in Global Competitive Report to 60th Among All Nations

Despite the drop — from 57th in 2017 to 60th this year — Colombia's overall score in the Global Competitiveness Report actually increasing by 0.1 points to 61.6.

Posted OnOctober 23, 2018

, ByJared Wade

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Grupo Éxito CEO Carlos Mario Giraldo Named ‘Dynamic CEO of the Year’ by Council of the Americas

The CEO was honored for "outstanding performance leading the group's extensive portfolio of brands in several countries," said Council of the Americas.

Posted OnSeptember 10, 2018

, ByJared Wade

The new Bancolombia chatbot Tabot is part of the Colombian bank's ongoing digital transformation effort.

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Bancolombia to Invest $140 Million USD in Digital Transformation This Year

About 80% of the sum will be devoted to operations in Colombia with the remainder going to holdings in Panama, Guatemala, and El Salvador.

Posted OnMarch 16, 2018

, ByJared Wade

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Banistmo Completes $50 Million USD Bond Issuance

This was the first round of a planned $300 million USD series of corporate bond issuances.

Posted OnMarch 6, 2018

, ByJared Wade

colombia corruption panama papers (Image credit: Vexels)

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Colombian Corruption: How Seven Scandals Have Rocked a Nation and Eroded Faith in Justice

From Odebrecht and the Panama Papers to court and Congress officials accepting bribes, Colombians are increasingly fed up with their nation's pervasive corruption.

Posted OnDecember 6, 2017

, ByMark Kennedy