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By

//Jared Wade
seedling pharmacielo marijuana
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PharmaCielo Forms Research Advisory Board to Advance Legal Marijuana Studies

Canadian-based PharmaCielo Ltd. yesterday announced that it has formed a research advisory board to advance its studies of cannabis with hopes of further developing itself in the legal marijuana market. The company operates its PharmaCielo Colombia Holdings S.A.S. subsidiary in...
Posted On October 19, 2016
, By Jared Wade
aig fairfax colombia lloyd's brit advent
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AIG Sells Operations in Colombia and Other Emerging Markets to Fairfax for $240 Million USD

The AIG sale of its business in Colombia to Fairax should spell good news for Lloyd's office in the capital.
Posted On October 19, 2016
, By Jared Wade
colombia social impact bond inter-american development bank
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New Social Impact Bond Looks to Increase Employment in Colombia with Innovative Funding

This pay-for-success initiative will pay back investors returns based on results.
Posted On October 18, 2016
, By Jared Wade
colombia startup apes cititaxi campus kiwi
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Inventory Tracking Company Apes Wins Big at Record-Breaking Colombia Startup Summit

More than 1,500 attendees gathered in the capital for the fourth edition of Colombia Startup.
Posted On October 17, 2016
, By Jared Wade
ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Ecopetrol Pays Off $340 Million USD Loan Early

Interestingly, this loan — for 990 billion Colombian pesos — wasn't due until February 2024.
Posted On October 15, 2016
, By Jared Wade
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Challenges in Colombia: “Fitch Does Not Rule Out Further Negative Rating Actions Among Colombian Banks”

Fitch's Latin American Sovereign Overview report reflects the weakness in economies throughout the region, with Colombian banks facing major headwinds.
Posted On October 14, 2016
, By Jared Wade
Lloyds of London Image
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Lloyd’s Appoints Daniel Revilla as New Latin American Head

With an insurance penetration rate of just 3.1%, Lloyd's sees great opportunity in Latin America.
Posted On October 14, 2016
, By Jared Wade
bogota mayor enrique penalosa summit (Credit: Jared Wade)
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Bogotá Mayor Peñalosa and Urban Planners Assess Transportation Challenges and Potential Benefits of High Population Density

Bogotá's high-density population is one of the city's strengths but further development must be better planned. "The government has to intervene," says Mayor Peñalosa.
Posted On October 13, 2016
, By Jared Wade
Tecnoglass Barranquilla plant
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Tecnoglass to Review Third Quarter Financial Results During October 31 Conference Call

The Barranquilla-based glass manufacturer is coming off a warrant exchange offer and the start of its quarterly dividend payment.
Posted On October 12, 2016
, By Jared Wade
ACH Colombia Superfinanciera online payments PSE disruption
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Disruption in ACH Colombia’s Online Payment System Provokes Financial Regulator Intervention

Superfinanceria said it will continue to monitor the situation in search of a solution.
Posted On October 12, 2016
, By Jared Wade
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