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Month

//August 2023
Partha DeSarkar, group CEO of HGS, inaugurates HGS’ new facility in Barranquilla on Tuesday.
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Tushar Sharan of Hinduja Global Solutions Explains Why the Service Provider Bet on Barranquilla

"We've reached a head count of 150 employees, and the plan for us is to be 300-plus by the end of the calendar year," said Tushar Sharan of HGS.
Posted On August 8, 2023
, By Loren Moss
Maluma poses with the Foodology team
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LatAm Cloud Kitchen Startup Foodology Secures $17 Million in New Funding

The popular cloud kitchen startup has now raised more than $86.5 million USD and says it plans to solidify its reach in the region.
Posted On August 8, 2023
, By Elle F. Yap
A worker at Geopark's facility.
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Fitch Affirms GeoPark’s B+ Credit Rating While Raising Concerns on Falling Reserve Life

GeoPark's fossil fuel reserves have fallen below seven years, something Fitch says the firm would be unable to “dramatically reverse” within the next 12 months.
Posted On August 8, 2023
, By Elle F. Yap
A wallet, mobile phone, and car keys
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Rumors of Crypto Losses, Debts, and Extortion Surround Death of Colombian Car Dealer

Officials are reportedly looking into threats made by Oficina de San Andresito de la 38 following Cortés' investment of up to $650,000 USD in a cryptocurrency named dailycop.
Posted On August 8, 2023
, By Gustavo Mejia
Two
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Colombian Agency Investigates Rappi for Failure to Comply with Risk Management Controls

SuperSociedades says there are two investigations because the company does not have methods to control the entry of money from illegal economies. Rappi says it has already implemented such controls.
Posted On August 7, 2023
, By Editorial Staff
What Jumps Out - Rupert Stebbings BVC
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What Jumps Out: Looking at the Economy Before the Start of Another Long Weekend in Colombia

Banco de la República left rates at 13.25% — no surprise! — and lowered their 1.0% GDP estimate for 2023 to 0.9%.
Posted On August 6, 2023
, By Rupert Stebbings
Otoniel in custody.
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NY District Attorney Recommends 45-Year Sentence for Colombian Paramilitary Leader Otoniel

The former AGC leader and drug trafficker could spend the rest of his life in prison in the United States if the sentencing recommendations are following.
Posted On August 5, 2023
, By Editorial Staff

Fitch Affirms BB+ Rating for Colombia as Country’s Future Prospects Stabilize

Colombia has maintained its BB+ credit rating despite high inflation numbers and the loss of Petro’s supermajority.
Posted On August 3, 2023
, By Elle F. Yap
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