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According to SIC, the fine is punishment for orders never delivered, delivered, late, or in poor condition, among other things.

Chevron Petroleum has received a green light from Colombia’s Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio) to purchase Peru-based Primax’s interest in their jointly owned petroleum terminals in the Cali suburb of Yumbo, and the Pacific port...

Researchers were able to find the “optimal operating parameters” and the rate of air injection that simulate the emulsions recorded at industrial level.

The violations are related to medications used to treat cancer, diabetes, arthritis, and alzheimer's disease.

If violations are proven, the Superintendency could levy fines as high as $23.7 million USD against each of the involved companies.

The telecom giant must pay back $2 million USD to clients who incurred an irregular charge while switching service plans, says the Superintendency of Industry and Commerce.

The City of Bogotá controlled telecommunications company, Empresas Telefonicas de Bogotá (ETB) (BVC:ETB) has seated a newly formed board of directors that, in their first meeting, elected Jorge Castellanos Rueda (above) as the new president. In Colombia, it is common for...