PriceSmart Declares Dividend, Announces Expansion
PriceSmart declared a US$0.70 per share dividend at the company's 2019 annual meeting of stockholders held on January 30, 2019, in San Diego.
A $0.35 per share is payable on February 28, 2019, to stockholders...
Colombia: Is Cocoa The New Cocaine?
38,000 Colombian families will now work together as a new company called María del Campo, which will operate under a similar business model of that of coffee growers.
The long-term project will be based out...
Colombia, The New Magnet for Investments in Latin America
Colombia is the new “El Dorado” – or “Golden” – for investors in Latin America due to its economic stability, political leadership and openness to foreign markets, Commerce, Industry and Tourism Minister Jose Manuel...
Colombian Soft-Drinks and Sugar Billionaire Bubbles Up
Six decades ago, as a recent college graduate working for his father-in-law’s soft-drinks company, Carlos Ardila Lulle came up with a fizzy, pink, apple-flavored concoction that started outselling all of their other products.
The rose-colored...
Canada, Australia, New Zealand, Singapore Begin Free-Trade Negotiations with Pacific Alliance in Colombia
On Monday, in the city of Cali, Canada began the first round of formal negotiations to forge a free-trade agreement with the Pacific Alliance. Along with three other nations — Australia, New Zealand, and...
IMF says Colombian Economy ‘ At Turning Point’
“The Colombian economy is at a turning point, recovering from a combination of external and domestic shocks since 2014 that lowered growth and increased inflation and the external deficit,” says the concluding statement from...
Low Productivity: the Elephant in the Room in Colombia’s Minimum Wage Debate
Negotiations on the minimum wage in Colombia are fast approaching. On the one hand, unions will demand an increase above inflation to safeguard their purchasing power, which has been badly hit by the recent...
Colombia’s Coffee Output, Exports To Hit 25-year High
Colombia’s recovery in coffee output, and exports, will progress faster than had been thought this season, US officials said – but on an assumption of “normal” weather, even as ideas of La Niña grow.
The...
Avianca In A Battle For Supremacy Of South America’s Skies
Over the past couple of decades, consolidation and bankruptcies have reshaped the airline industry in North America. Historic brands such as TWA, Continental, Northwest, and US Air have gone away, with new ones like...
Canadian Capital Fuels Colombian Cannabis Boom
(Ozy.com) Decades have passed since the bulk of marijuana cultivation in the Americas shifted from Colombia up to Mexico. But the tides are turning again. This time, suited businesspeople, not drug cartels, are betting...
Colombia Aims to Remove Three Zeros From Peso Bills
Colombian authorities want the face value of 500-peso coins to be slashed to 50 centavos, while the minimum wage would be reduced from 781,242 pesos to 781.
A drastic reduction in the values of change,...
Moody’s Affirms Baa2 Credit Rating for Colombia but Lowers Outlook to Negative
Big three credit rating agency Moody’s Investors Services today affirmed it Baa2 sovereign rating for Colombia but lowered its outlook from stable to negative.
The key reasons listed for the negative outlook are uncertainty surrounding...
Court Rules Against Uber and its 83,000 Drivers
Colombia’s Constitutional Court has ruled against Uber with a verdict that affects 83,000 drivers affiliated to the technology platform. The decision follows a similar ruling last December by the European Court of Justice (ECJ)...
UK-Based United Insurance Brokers Launches Colombian Retail Operation
London-based re/insurance broker United Insurance Brokers (UIB) has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO of...
Ecopetrol Adds 2,800 Barrels Per Day to Oil Production with Three New Wells
State-controlled Colombian oil company Ecopetrol has confirmed three new successful wells in northwest Colombia, the Bogotá-based firm announced this week.
The wells are held jointly with U.S.-based Occidental Petroleum Corp. (Oxy) and have reached a...
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PriceSmart Declares Dividend, Announces Expansion
PriceSmart declared a US$0.70 per share dividend at the company's 2019 annual meeting of stockholders held on January 30, 2019, in San Diego.
A $0.35...
Colombia Military Kills Dissident Militant Leader
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Colombia Denies Entry to Over 200 Venezuelan Supporters Of Maduro
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Cuba Will Adhere to Protocol after Breakdown of Colombia-ELN Peace Talks
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