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//panama
1

Interview: Medellín City Councilman Daniel Carvalho On The EPM Crisis, Medellín Governance & Colombia Unrest

City council member Daniel Carvalho has said enough is enough, and that the mayor’s mismanagement is putting Colombia’s second largest enterprise and Medellín’s single largest municipal revenue source at grave risk.
Posted On June 23, 2021
, By Loren Moss
Daniela Trejo is the new Secretary of Economic Development, Innovation & New Economies for Antioquia
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Daniela Trejo, Antioquia’s New Secretary of Economic Development Says Despite The Pandemic, Antioquia Is Open For Business & Investment

Antioquia's new secretary of economic development has obviously done her homework, and has a lot to say on the goals she and the governor's administration has for the area. In this interview, Daniela Trejo speaks with Finance Colombia's Loren Moss on Antioquia's rapid growth,...
Posted On June 13, 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
Tecnoglass has a 3 million square foot headquarters and production facility in Colombia's Atlantic port city of Barranquilla
1

Tecnoglass Announces Record Q1 2021 Results, Shares Trading At All Time Highs As Guidance Remains Positive

Tecnoglass raises Full Year 2021 Growth Outlook to Adjusted EBITDA1 of $115 Million to $125 Million on Total Revenues of $420 Million to $435 Million. Record Cash Flow From Operations of $29.0 Million Marks 4 Straight Quarters of Exceptional Cash Generation and Supporting Further...
Posted On May 11, 2021
, By Loren Moss
Ed Delgado of Ecuatoreana (right) speaks with Finance Colombia's Executive Editor Loren Moss
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Ecuadorean American Aviator Working To Resurrect The Country’s Flag Airline Ecuatoreana As A Regional Carrier

The COVID-19 Pandemic isn't holding Ed Delgado down, as he seeks to resurrect the Ecuatoreana aviation brand as a domestic regional carrier connecting Quito and Guayaquíl with The Galapagos Islands and other important destinations within Ecuador for citizens and tourists alike....
Posted On April 6, 2021
, By Loren Moss
husband and wife couple (above), Martha Lucía Osorio Cárdenas & Fernando Zuleta Bermúdez
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Married Couple & Daughter Arrested For Human Trafficking, Selling Colombian Women Into Sexual Slavery

Martha Lucía Osorio Cárdenas & Fernando Zuleta Bermúdez along with their daughter, Leidy Johana Osorio Bermúdez are charged with preying on poor Colombian women in Bogotá, Cali, & the Medellín area, selling them into sexual slavery abroad.
Posted On March 30, 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
Photo courtesy of Copa Airlines
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Copa Airlines Reports $168.8 Million USD Loss For Q4 2020

For the full year 2020, Copa Holdings reported a net loss of $598.6 million, or $14.08 per share. Excluding special items, the airline would have reported a net loss of $259.5 million, or $6.11 per share. Special items for the full year include a $191.2 million in total...
Posted On February 12, 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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