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Month

//February 2018
first data bancolombia colombia (Photo credit: Jared Wade)
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Moody’s Drops Ratings Outlook to Negative for Bancolombia, Banco de Bogotá, and Various Insurers

Others with outlook drops include Seguros Generales Suramericana, Confianza, ISA, EPM, and Enel Americas.
Posted On February 28, 2018
, By Jared Wade
Ecopetrol Reficar Coking
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With Profits of Some $2.3 Billion USD in 2017, Ecopetrol Posts Best Results in Four Years

The net profit of 6.62 trillion pesos ($2.3 billion USD) is more than four times above the results of 2016 and the highest since 2013.
Posted On February 28, 2018
, By Jared Wade
Avianca 787 united airlines
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Avianca Fires 35 Pilots After Initial Disciplinary Hearings for Last Year’s Strike

Among those fired was Colombian Association of Civil Aviators (ACDAC) union head Jaime Hernández.
Posted On February 27, 2018
, By Jared Wade
Zurich historic headquarters in Switzerland. (Credit: Zurich Insurance Group)
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In $409 Million USD Deal, Zurich Will Acquire QBE Insurance Operations in Latin America

Zurich expects the transaction to be finalized “by the end of 2018” and funded by internal sources.
Posted On February 26, 2018
, By Jared Wade
Caltek (Photo credit: Cementos Argos)
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Cementos Argos and Grupo Calidra Jointly Form Lime Production Company Caltek

Following an initial investment of nearly $40 million USD (113 billion pesos), the flagship Caltek plant will be located in Puerto Triunfo.
Posted On February 25, 2018
, By Jared Wade
Moody's Affirms Baa2 Credit Rating for Colombia but Drops Outlook to Negative (Photo credit: Nick Youngson / Alpha Stock Images)
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Moody’s Affirms Baa2 Credit Rating for Colombia but Lowers Outlook to Negative

Political uncertainty due to the upcoming election and challenges adhering to the so-called fiscal rule were cited as reasons for the diminished outlook.
Posted On February 23, 2018
, By Jared Wade
Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Extends Reserve Life to 7.1 Years with 3.7% Increase of Proven Reserves in 2017

Ecopetrol claimed proven reserves of 1.659 billion barrels of oil equivalent at the end of 2017, up from the 1.598 billion barrels in 2016.
Posted On February 23, 2018
, By Jared Wade
The new Bancolombia chatbot Tabot is part of the Colombian bank's ongoing digital transformation effort.
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Bancolombia Has Introduced New Tabot Chatbot for Facebook Messenger

The AI-powered customer service chatbot works through Facebook Messenger and a rollout into more channels is planned down the road.
Posted On February 22, 2018
, By Jared Wade
Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Major Shakeup: PentaNova Energy Appoints New President, CEO, and Chairman in Sweeping Management Overhaul

PentaNova will issue 4.8 million common shares to the new management team “as the inducement to join the company.”
Posted On February 20, 2018
, By Jared Wade
Crude oil production in Colombia energy and natural resources sector. (Credit: lalabell68 / Pixabay)
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Camilo McAllister Resigns as CFO of Frontera Energy Corporation

McAllister will remain in the position through March 9. Alejandro Piñeros will fulfill CFO responsibilities until a permanent replacement is appointed
Posted On February 19, 2018
, By Jared Wade
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