Finance Colombia

Colombian Government Announces Biosafety Protocols For Arriving International Travelers

Travelers arriving to Colombia must present a negative result of a PCR test for Covid-19 taken no longer than 96 hours before the stipulated time of travel and whoever has symptoms associated with Covid-19 will not be allowed to get on board.

Posted On September 18, 2020

, By Loren Moss

Viva Air Restarts International Flights September 19 With Miami-Cartagena Route

Viva Air is the 1st Colombian carrier to announce international flights after airspace reopens. Colombia-Miami flights start September 19. Viva is waiting on Peruvian authorization to begin flights there as well.

Posted On September 10, 2020

, By Loren Moss

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Posted On September 1, 2020

, By Loren Moss

Spirit Air To Fly Humanitarian Flights From Colombia To US In August

The U.S. Embassy has announced that Spirit Airlines will operate three humanitarian flights at the end of August from Colombia to the United States for US citizens and permanent residents that wish to return to the US during this period of closed airspace due to the Coronavirus...

Posted On August 18, 2020

, By Loren Moss

Avianca Seeking $1.2 Billion USD Debtor In Possession Financing During Bankruptcy

Bankrupt airline Avianca has revealed that it is working on debtor in possession financing with several investment banks including Seabury Securities, Goldman Sachs, and JPMorgan Chase; subject to approval by US Bankruptcy Court and creditors. The deal would potentially open a...

Posted On August 18, 2020

, By Loren Moss

Colombia, USA Announce Bilateral Investment & Rural Development Pact

US DFC CEO Adam Boehler and US National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the US-Colombia Growth Initiative to strengthen US-Colombia bilateral cooperation while leveraging US government resources to create economic...

Posted On August 18, 2020

, By Loren Moss

Photo credit: Laura LaRose via Flickr https://flic.kr/p/QACXgS Creative Commons Attribution 2.0 license

Cuban Doctors Deploying To Medellín? Not All Roads Lead To Cuba In International Cooperation – Op Ed

A leaked letter showed that Medellín Mayor Daniel Quintero wrote the cuban government asking for Cuban doctors to potentially come to Medellin and help with the COVID-19 Pandemic. But he bypassed Colombia's foreign ministry and ignited a major controversy that a more experienced...

Posted On August 1, 2020

, By Sergio Escobar

Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss

PriceSmart Sales Down Less Than 2% In June Despite Coronavirus Restrictions

PriceSmart, Inc. (NASDAQ: PSMT) announced that for June 2020 net merchandise sales decreased 1.5% to $249.2 million USD from $253.1 million in June a year earlier in its warehouse clubs in The Caribbean & Latin America.

Posted On July 28, 2020

, By Loren Moss

This familiar view of the Capitol’s East Front appeared in Die Gartenlaube, a popular German illustrated weekly newspaper. Published in Leipzig, the periodical was aimed at the middle classes and deemed a “friend of the family,” both for its instructive and entertaining content and generous use of images with text. The Capitol exterior was completed two years before this publication, during the Civil War, and its image appeared frequently in international periodicals. 1865, Collection of the U.S. House of Representatives

94 US Congress Members Call Out Colombia’s Duque Administration For Failures To Protect Human Rights Defenders & 2016 Peace Accord Implementation

Yesterday, almost 100 members of the US Congress sent a letter to Secretary of State Mike Pompeo asking him to put additional pressure on Colombian President Ivan Duque to implement the 2016 Peace Accords signed by previous President Juan Manuel Santos, and also to reverse the...

Posted On July 7, 2020

, By Loren Moss

Above photo: Tecnoglass products make up the facade of distinctive architecture such as Fordham University (photo courtesy of Tecnoglass)

Tecnoglass Announces Q2 Cash Dividend

Headquartered in Barranquilla, Colombia, the Company operates out of a 2.7 million square foot vertically integrated, state- of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific.

Posted On June 29, 2020

, By Loren Moss