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Month

//January 2015
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Foreign Banks Eyeing Colombia

According to a report by Bloomberg, major global and regional banks, both commercial and investment, are looking to increase their stakes and presence in Colombia. Among them, Brasil’s Itaú is said to be purchasing Chilean Corpbanca SA, which recently purchased the majority...
Posted On January 20, 2015
, By Loren Moss
2

Colombia Raises Monthly Minimum Wage To $644,350 (US $270 as of Jan.20) For 2015

Mintrabajo, Colombia’s ministry of labor, announced that the monthly minimum wage throughout the country will be set at $644,350 pesos per month, an increase of 4.6%. The labor minister, Luis Eduardo Garzón, announced that the increase was higher than in previous years, thus...
Posted On January 20, 2015
, By Loren Moss
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Public Servants Receive Low Murtra Service Medal by Colombia’s Office of the Attorney General

According to the Fiscalia General (Federal Prosecutor’s Office) on December 12, 2014, Prosecutor, Pedro David Berdugo Salcedo; CTI investigator, Harold Mauricio Sánchez Hernández, and accountant Over José Ospino González were conferred the Enrique Low Murtra medal in...
Posted On January 17, 2015
, By Loren Moss

Former Colombian Mayor To Be Extradited to USA

According to reports in El Tiempo, the former mayor of Milán, Caquetá is being extradited to the US to face charges for narcotics trafficking. Jhon Eduarth Monje Alvarado has been indicted by a Texas court of belonging to an organized trafficking ring that has moved close to 100...
Posted On January 17, 2015
, By Loren Moss
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Avianca’s First Boeing 787 Route Goes Live, Bogotá to New York City

Friday January 16th at 3:14 p.m., the first Boeing B787-8 of Avianca departed from the El Dorado International Airport in Bogotá en route to New York with 236 passengers and 10 crew. On board this sophisticated aircraft, passengers of route AV 244 will enjoy a more comfortable...
Posted On January 16, 2015
, By Loren Moss
Colombia's President Santos (L) with Facebook CEO Mark Zuckerburg in Casa Nariño, Bogotá
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Facebook’s Mark Zuckerberg Travels To Colombia, Announces Internet.org App

Today, at an event in Bogotá, Colombia, Facebook founder and CEO Mark Zuckerberg and President Juan Manuel Santos announced the availability of Facebook’s Internet.org app for Tigo customers in Colombia. Zuckerberg hosted a live question & answer session ...
Posted On January 14, 2015
, By Loren Moss
Photo credit: Loren Moss
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Colombia’s Inflation Rate For 2014 Rises Significantly to 3.66% Still Beats Neighbors

Photo credit: Loren Moss According to statistics released by DANE (National Department of Statistics), Colombia faced a 2014 inflation rate of 3.66%, an increase of 88% over 2013. The government statistics are important because many charges are set and adjusted annually based on...
Posted On January 12, 2015
, By Loren Moss
One of Avianca new 787s at Medellin's Airport
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Avianca Takes Delivery of 4 Boeing 787-8 Dreamliners. More To Come

In December 2014, and in just 13 days, Avianca received delivery of its first four Boeing 787 Dreamliner aircraft. This signals the end of the first phase of incorporation of the Dreamliners. The remaining aircraft will be incorporated into the fleet between 2015 and 2019....
Posted On January 7, 2015
, By Loren Moss
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Spotlight: Barranquilla Boxing Beauty Is Making It Big In The USA

UPDATE: Patty Alcivar returns to the boxing ring , Friday, March 13, 2015 from 6:00 PM to 10:00 PM in Westbury, NY – Tickets and information here. Gold medalist boxer, Patricia Alcivar was born in Barranquilla, Atlántico, but moved with her parents to the USA when she was...
Posted On January 7, 2015
, By Loren Moss
1

Hilton Worldwide Launches Colombia’s First Hilton Garden Inn, Barranquilla, Atlántico

Hilton Worldwide recently opened their 123 room Hilton Garden Inn Barranquilla in Colombia’s most important coastal city. The hotel marks the first of Hilton’s Garden Inn brand in Colombia and is indicative of Hilton’s expansion strategy for Colombia, and Latin America at larg...
Posted On January 7, 2015
, By Loren Moss
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