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Privacy Policy

PRIVACY POLICY

Last updated May 14, 2025

This privacy notice for Unido Digital Media LLC (doing business as Empleo Bilingue, Finance Colombia, Cognitive Business News, Finance Americas, and other properties) (“we,” “us,” or “our“), describes how and why we might collect, store, use, and/or share (“process“) your information when you use our services (“Services“), such as when you:

  • Visit any website of ours that links to this privacy notice
  • Engage with us in other related ways, including any sales, marketing, or events

Questions or concerns? Reading this privacy notice will help you understand your privacy rights and choices. If you do not agree with our policies and practices, please do not use our Services. If you still have any questions or concerns, please contact us at [email protected].

SUMMARY OF KEY POINTS

What personal information do we process? When you visit, use, or navigate our services, we may process personal information depending on how you interact with our websites and the services, the choices you make, and the products and features you use.

Do we process any sensitive personal information? We do not process sensitive personal information beyond what may normally be included on a resumé or social media profile.

Do we receive any information from third parties? Generally, no. But if you are a potential purchaser of our services or our products, we may utilize business-to-business data enrichment platforms, for example to prepare for scheduled sales meetings to learn about your company or organization. These may include platforms such as LinkedIn, ZoomInfo, web searches, etc.

How do we process your information? We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent. We process your information only when we have a valid legal reason to do so.

In what situations and with which types of parties do we share personal information? We may share information in specific situations and with specific categories of third parties.

How do we keep your information safe? We have organizational and technical processes and procedures in place to protect your personal information. However, no electronic transmission over the internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information.

What are your rights? Depending on where you are located geographically, the applicable privacy law may mean you have certain rights regarding your personal information.

How do you exercise your rights? The easiest way to exercise your rights is by visiting one of our several contact forms, such as the contact form on this website, via social media, such as LinkedIn, https://www.linkedin.com/company/unido-digital/ or by contacting us. There are telephony links for Whatsapp on our websites. We will consider and act upon any request in accordance with applicable data protection laws.

 

  1. WHAT INFORMATION DO WE COLLECT?

Personal information you disclose to us.

In Short: We collect personal information that you provide to us.

We collect personal information that you voluntarily provide to us when you register on the Services, express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us.

Personal Information Provided by You. The personal information that we collect depends on the context of your interactions with us and the Services, the choices you make, and the products and features you use. The personal information we collect may include the following:

  • names
  • phone numbers
  • email addresses
  • mailing addresses
  • job titles
  • usernames
  • passwords
  • contact preferences
  • contact or authentication data

Sensitive Information. We do not process sensitive information.

Payment Data. We may collect data necessary to process your payment if you make purchases, such as your payment instrument number, and the security code associated with your payment instrument. All payment data is stored by Stripe and PayPal. You may find their privacy notice link(s) here: https://stripe.com/privacy and https://www.paypal.com/us/legalhub/privacy-full.

Social Media Login Data. We may provide you with the option to register with us using your existing social media account details, like your Facebook, Twitter, or other social media account.

All personal information that you provide to us must be true, complete, and accurate, and you must notify us of any changes to such personal information.

Information automatically collected

In Short: Some information — such as your Internet Protocol (IP) address and/or browser and device characteristics — is collected automatically when you visit our Services.

We automatically collect certain information when you visit, use, or navigate the Services. This information does not reveal your specific identity (like your name or contact information) but may include device and usage information, such as your IP address, browser and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our Services, and other technical information. This information is primarily needed to maintain the security and operation of our Services, and for our internal analytics and reporting purposes.

 

Like many businesses, we also collect information through cookies and similar technologies.

The information we collect includes:

  • Log and Usage Data. Log and usage data is service-related, diagnostic, usage, and performance information our servers automatically collect when you access or use our Services and which we record in log files. Depending on how you interact with us, this log data may include your IP address, device information, browser type, and settings and information about your activity in the Services(such as the date/time stamps associated with your usage, pages and files viewed, searches, and other actions you take such as which features you use), device event information (such as system activity, error reports (sometimes called “crash dumps”), and hardware settings).
  • Device Data. We collect device data such as information about your computer, phone, tablet, or other device you use to access the Services. Depending on the device used, this device data may include information such as your IP address (or proxy server), device and application identification numbers, location, browser type, hardware model, Internet service provider and/or mobile carrier, operating system, and system configuration information.
  • Location Data. We collect location data such as information about your device’s location, which can be either precise or imprecise. The information we collect depends on the type and settings of the device you use to access the Services. You can opt out of allowing us to collect this information either by refusing access to the information or by disabling your Location setting on your device. However, if you choose to opt out, you may not be able to use certain aspects of the Services.
  1. HOW DO WE PROCESS YOUR INFORMATION?

In Short: We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent.

We process your personal information for a variety of reasons, depending on how you interact with our Services, including:

  • To create, manage and authenticate accounts: We may process your information so you can create and log in to your account, as well as keep your account in working order.
  • To deliver and facilitate delivery of services to the user. We may process your information to provide you with the requested service.
  • To respond to user inquiries and offer support to users. We may process your information to respond to your inquiries and solve any potential issues you might have with the requested service.
  • To send administrative information to you. We may process your information to send you details about our products and services, changes to our terms and policies, and other similar information.
  • To request feedback. We may process your information when necessary to request feedback and to contact you about your use of our Services.
  • To protect our Services. We may process your information as part of our efforts to keep our Services safe and secure, including fraud monitoring and prevention.
  • To evaluate and improve our Services, products, marketing, and your experience. We may process your information in order to identify usage trends, determine the effectiveness of our promotional campaigns, and to evaluate and improve our Services, products, marketing, and your experience.
  • To identify usage trends. We may process information about how you use our Services to better understand how they are being used so we can improve them.
  • To comply with our legal obligations. We may process your information to comply with our legal obligations, respond to legal requests, and exercise, establish, or defend our legal rights.
  1. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?

In Short: We may share information in specific situations described in this section and/or with the following categories of third parties.

Vendors, Consultants, and Other Third-Party Service Providers. We may share your data with third-party vendors, service providers, contractors, or agents who perform services for us or on our behalf and require access to such information to do that work. We have contracts in place with our third parties, which are designed to help safeguard your personal information. This means that they cannot do anything with your personal information unless we have instructed them to do it. They will also not share your personal information with any organization apart from us. They also commit to protect the data they hold on our behalf and to retain it for the period we instruct. The categories of third parties we may share personal information with are as follows:

  • Payment Processors
  • User Account Registration & Authentication Services

We also may need to share your personal information in the following situations:

  • Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
  • We may share your information with our affiliates, in which case we will require those affiliates to honor this privacy notice. Affiliates include our parent company and any subsidiaries, joint venture partners, or other companies that we control or that are under common control with us.
  • Business Partners. We may share your information with our business partners to offer you certain products, services, or promotions.

 

  1. WHAT IS OUR STANCE ON THIRD-PARTY WEBSITES?

In Short: We are not responsible for the safety of any information that you share with third parties that we may link to or who advertise on our Services, but are not affiliated with, our Services.

The Services may link to third-party websites, online services, or mobile applications and/or contain advertisements from third parties that are not affiliated with us and which may link to other websites, services, or applications. Accordingly, we do not make any guarantee regarding any such third parties, and we will not be liable for any loss or damage caused by the use of such third-party websites, services, or applications. The inclusion of a link to a third-party website, service, or application does not imply an endorsement by us. We cannot guarantee the safety and privacy of data you provide to any third parties. Any data collected by third parties is not covered by this privacy notice. We are not responsible for the content or privacy and security practices and policies of any third parties, including other websites, services, or applications that may be linked to or from the Services. You should review the policies of such third parties and contact them directly to respond to your questions.

  1. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?

In Short: We may use cookies and other tracking technologies to collect and store your information.

We may use cookies and similar tracking technologies (like web beacons and pixels) to access or store information. Specific information about how we use such technologies and how you can refuse certain cookies is set out in our Cookie Notice.

  1. HOW DO WE HANDLE YOUR SOCIAL LOGINS?

In Short: If you choose to register or log in to our Services using a social media account, we may have access to certain information about you.

Our Services offer you the ability to register and log in using your third-party social media account details (like your Facebook or Twitter logins). Where you choose to do this, we will receive certain profile information about you from your social media provider. The profile information we receive may vary depending on the social media provider concerned, but will often include your name, email address, friends list, and profile picture, as well as other information you choose to make public on such a social media platform.

We will use the information we receive only for the purposes that are described in this privacy notice or that are otherwise made clear to you on the relevant Services. Please note that we do not control, and are not responsible for, other uses of your personal information by your third-party social media provider. We recommend that you review their privacy notice to understand how they collect, use, and share your personal information, and how you can set your privacy preferences on their sites and apps.

  1. HOW LONG DO WE KEEP YOUR INFORMATION?

In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law.

We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements). No purpose in this notice will require us keeping your personal information for longer than the period of time in which users have an account with us.

When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.

  1. HOW DO WE KEEP YOUR INFORMATION SAFE?

In Short: We aim to protect your personal information through a system of organizational and technical security measures.

 

We have implemented appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process. However, despite our safeguards and efforts to secure your information, no electronic transmission over the Internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information. Although we will do our best to protect your personal information, transmission of personal information to and from our Services is at your own risk. You should only access the Services within a secure environment.

  1. DO WE COLLECT INFORMATION FROM MINORS?

In Short: We do not knowingly collect data from or market to children under 18 years of age.

We do not knowingly solicit data from or market to children under 18 years of age. By using the Services, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Services. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at [email protected].

  1. WHAT ARE YOUR PRIVACY RIGHTS?

In Short: You may review, change, or terminate your account at any time.

We have no presence in Europe, so if you are in Europe or anywhere else in the world, understand that you are using our website under the terms, conditions, laws, and jurisdiction of the United States.

Withdrawing your consent: If we are relying on your consent to process your personal information, which may be express and/or implied consent depending on the applicable law, you have the right to withdraw your consent at any time.

However, please note that this will not affect the lawfulness of the processing before its withdrawal nor, when applicable law allows, will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent.

Opting out of marketing and promotional communications: You can unsubscribe from our marketing and promotional communications at any time by clicking on the unsubscribe link in the emails that we send, or by contacting us. You will then be removed from the marketing lists. However, we may still communicate with you — for example, to send you service-related messages that are necessary for the administration and use of your account, to respond to service requests, or for other non-marketing purposes.

Account Information

If you would at any time like to review or change the information in your account or terminate your account, you can log in to your account settings and update your user account.

Upon your request to terminate your account, we will deactivate or delete your account and information from our active databases. However, we may retain some information in our files to prevent fraud, troubleshoot problems, assist with any investigations, enforce our legal terms and/or comply with applicable legal requirements.

Cookies and similar technologies: Most Web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove cookies and to reject cookies. If you choose to remove cookies or reject cookies, this could affect certain features or services of our Services.

If you have questions or comments about your privacy rights, you may email us at [email protected].

  1. CONTROLS FOR DO-NOT-TRACK FEATURES

Most web browsers and some mobile operating systems and mobile applications include a Do-Not-Track (“DNT”) feature or setting you can activate to signal your privacy preference not to have data about your online browsing activities monitored and collected. At this stage no uniform technology standard for recognizing and implementing DNT signals has been finalized. As such, we do not currently respond to DNT browser signals or any other mechanism that automatically communicates your choice not to be tracked online. If a standard for online tracking is adopted that we must follow in the future, we will inform you about that practice in a revised version of this privacy notice.

  1. DO WE MAKE UPDATES TO THIS NOTICE?

In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws.

We may update this privacy notice from time to time. The updated version will be indicated by an updated “Revised” date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.

  1. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?

https://www.linkedin.com/company/unido-digital/

  1. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?

You have the right to request access to the personal information we collect from you, change that information, or delete it. To request to review, update, or delete your personal information, please visit the contact form on this website, use the Whatsapp icon, or via LinkedIn: https://www.linkedin.com/company/unido-digital/

 

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Colombia’s Comptroller General Announces Charges Against Politicians & Board For Hidroituango Failures

According to the comptroller, these 28 individuals would be responsible for economic losses exceeding $400 million USD. Among those individuals are former EPM general managers Federico Restrepo and Juan Esteban Calle; former mayors of Medellín Anibal Gaviria & Fabio Salazar, and...
Posted On December 8, 2020
, By Loren Moss
Colombian visa (Photo credit: Bs980)
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Digital Nomads: Is Colombia’s New Freelancer Visa Right For You?

The m-type Colombian freelance visa is granted to expats who want to practice their profession independently within national territory. It was created to give foreign nationals the legal right to work remotely whilst living in Colombia for Colombian businesses and organizations....
Posted On December 8, 2020
, By Loren Moss
Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)
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Tecnoglass Announces Q4 2020 Dividend

The dividend will be paid on January 29, 2021 to shareholders of record as of the close of business on December 31, 2020. Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including the El Dorado Airport (Bogota), United Nations...
Posted On December 8, 2020
, By Loren Moss
Photo: Zerenia's Youtube Channel
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Khiron Opening Zerenia Cannabis Treatment Clinic In Medellín

The Medellin clinic, with a grand opening planned for December 8, 2020, will support Khiron´s goal of expanding regional access to the firm’s clinical services and medical cannabis products for patients.
Posted On December 2, 2020
, By Loren Moss
Sitel is adding Barranquilla to Bogotá and Cali as the third Colombian city where the customer experience provider has a presence.
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Sitel Announces Hybrid Contact Center Coworking Space In Barranquilla, Colombia

Sitel is adding Barranquilla to Bogotá and Cali as the third Colombian city where the customer experience provider has a presence.
Posted On December 2, 2020
, By Loren Moss
ecopetrol america warrior colombia gulf of mexico
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Fitch Affirms Ecopetrol At BBB- With Negative Outlook

The rating agency highlighted Ecopetrol's liquidity profile, supported by its cash generation, strong access to capital markets and adequate debt maturity profile.
Posted On December 2, 2020
, By Loren Moss
En la foto, de izquierda a derecha aparecen: Andrés Valenzuela, Representante Legal de CNE Oil & Gas, Diego Mesa Puyo, Ministro de Minas y Energía, Armando Zamora Reyes, Presidente ANH, María Jimena Yáñez Gelvez, Vicepresidenta de Promoción y Asignación de Áreas - ANH y Rafael Pinto, Representante Legal de Parex Resources, durante la firma de contratos del tercer ciclo del Proceso Permanente de Asignación de Áreas en las instalaciones de la ANH - Diciembre 1 de 2020. Foto: ANH.
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Colombian Government Issues 4 New Petroleum Concessions To Parex Resources & Canacol Energy Unit

Colombia's ANH signed 4 new contracts today, as a conclusion of the third cycle of the Continuous Area Nomination Process, PPAA. Parex Resources and CNE Oil & Gas were awarded four areas, with associated investments estimated at approximately US$ 40 million.
Posted On December 1, 2020
, By Loren Moss
Finance Colombia executive editor Loren Moss was able to sit down with Grupo Renovatio general manager Francisco Sanclemente in Bogotá to understand the renewable energy auction and what it means for the industry, and for all Colombians.
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Video Interview: Renovatio’s Francisco Sanclemente Explains Colombia’s 1st Private Renewable Energy Auction

Finance Colombia executive editor Loren Moss was able to sit down with Grupo Renovatio general manager Francisco Sanclemente in Bogotá to understand the renewable energy auction and what it means for the industry, and for all Colombians.
Posted On December 1, 2020
, By Loren Moss
Alleged members of the “Los Call Center” crime gang prosecuted for over $1.4 million USD of credit card fraud
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Colombian Prosecutors Break Up “Los Call Center” Credit Card Mafia

Alleged members of the “Los Call Center” crime gang that operated throughout Colombia's "Eje Cafetero" coffee growing region prosecuted for over $1.4 million USD of credit card fraud
Posted On December 1, 2020
, By Loren Moss
With so much retail moving to e-commerce this year, and the resultant spike in malicious attempts targeting retailers, shoppers, and broader business in general, it is critical that all companies have personnel properly trained and empowered to address these threats.
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Colombian IT Security Firm Etek Offers Threat Intelligence Certification Course; Enrollment Open Now

With so much retail moving to e-commerce this year, and the resultant spike in malicious attempts targeting retailers, shoppers, and broader business in general, it is critical that all companies have personnel properly trained and empowered to address these threats.
Posted On December 1, 2020
, By Loren Moss
Hospital room Image by Cor Gaasbeek from Pixabay
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Expat Group: Visitors To Colombia Would Be Wise To Explore Travel Health Insurance Options. Here’s How

International visitors are once again able to travel to and from Colombia, but during this pandemic, ensuring that travelers are properly protected and have access to quality medical care is essential. In this interview, Expat
Posted On November 30, 2020
, By Loren Moss
Tecnoglass is a leading manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries,
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Tecnoglass Completes Delisting From Colombia Exchange, Now Exclusively On NASDAQ as TGLS

Tecnoglass (NASDAQ: TGLS) has completed its delisting from Colombia's BVC stock exchange to focus on the US based NASDAQ, where over 99% of its trading volume already takes place.
Posted On November 30, 2020
, By Loren Moss
Ruíz has spent the last 24 years of her career at EPM, where she has held multiple posts including Director of Energy Regulation, and Executive Vice President of Business Management.
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EPM Appoints Blanca Liliana Ruíz Arroyave To Run Acquired Afinia Caribbean Electrical Utility

Ruíz has spent the last 24 years of her career at EPM, where she has held multiple posts including Director of Energy Regulation, and Executive Vice President of Business Management.
Posted On November 30, 2020
, By Loren Moss
Juan Diego Zapata will join the Viva Air Group as the new Director of Sales and Distribution.
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Juan Diego Zapata Joins Viva Air As Director Of Sales & Distribution

Viva Air has appointed Juan Diego Zapata as the new Director of Sales and Distribution to work closely with travel agencies and other travel and tourism industry actors to consolidate Viva’s position in both the tourist and corporate segments.
Posted On November 30, 2020
, By Loren Moss
Tantalum - Headline image by Alchemist-hp (www.pse-mendelejew.de) - Own work, FAL
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Auxico Resources Inks Deal With Minampro To Mine Tantalum, Niobium Rare Earth Metals In Vichada, Colombia

Auxico Resources Canada has signed a deal with Colombian firm Minampro Asociados to mine industrial sands from concessions in Vichada, Colombia containing Tantalum, Niobium, Ytterbium, Hafnium, neodymium, Scandium, Dysprosium, Praseodymium & Gadolinium
Posted On November 25, 2020
, By Loren Moss
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Avianca Reaches Load Factor Of 66.7% For September Flights, Including Humanitarian Repatriations

In September 2020, Avianca and its subsidiaries transported a total of 164,859 air passengers including 5,342 passengers on repatriation flights, resulting in a monthly load factor of 66.7%.
Posted On November 24, 2020
, By Loren Moss
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Strategy Discussion: CTO Sri Shivananda Talks About Paypal’s Push To Help Both The Enterprise & The Unbanked

Finance Colombia’s executive editor Loren Moss was able to speak with PayPal’s CTO Sri Shivananda about the company’s strategy in The Americas, but also drilling down into the company’s plans to bring the unbanked into the world of e-commerce.
Posted On November 21, 2020
, By Loren Moss
Eleonora Betancur (l) & Loren Moss. Photo credit: Liliana Padierna
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Interview: Eleonora Betancur Hopes To Leave Her Imprint On Medellin’s Investment Promotion Agency

Earlier this year, Eleonora Betancur was appointed executive director of ACI Medellin, the Colombian city's investment promotion agency. In this interview, she discusses with Finance Colombia's Loren Moss the new direction she hopes to take the organization.
Posted On November 20, 2020
, By Loren Moss
Adrian Neuhauser
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Avianca Promotes Adrian Neuhauser From CFO To Executive Vice President

Avianca Airlines announced this week that as part of its new management structure, current CFO Adrian Neuhauser will assume additional responsibilities relating to the airline’s operation and the company’s legal affairs as Corporate Executive Vice President, reporting to the CEO,...
Posted On November 20, 2020
, By Loren Moss
Photo credit: Liliana Padierna
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Interview: Etek CEO Praveen Sengar Discusses Adapting To Expat Life In Bogotá

Etek is a multinational IT security company headquartered in Miami, Florida but with operations run out of Bogotá, Colombia. Praveen Sengar was brought in as the company’s new CEO less than a year ago to energize the company’s culture and grow its global reach. In another...
Posted On November 20, 2020
, By Loren Moss
Get the free report about Current Status of the Lithium Industry in Latin America 2020
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Get The Free Report: Current Status Of The Latin American Lithium Industry 2020

Get the free report about Current Status of the Lithium Industry in Latin America 2020 prepared as a prologue to the 2nd Online Business Congress and 1-2-1 meetings “Lithium Latin America” (24-26 November), during which key industrial lithium producing enterprises, regulatory...
Posted On November 20, 2020
, By Loren Moss
Photo credit Elvert Barnes 24.Voting.Waxter.BaltimoreMD.8November2016
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2020 Runoff Election Reminder For US Citizens Abroad

The U.S. 2020 general elections have passed, but election season is not over! If you vote in a state or jurisdiction with runoff elections for federal and local offices, the U.S. Embassy can assist with the return of your voting materials.
Posted On November 20, 2020
, By Loren Moss
https://amzn.to/3pjgOCY
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Book Review-The Viva Effect: How The Irreverent Turned Dreams Into An Airborne Reality (Spanish Version: El Efecto Viva)

The book starts off with a glowing account of the airline’s creation, almost superlative in its description of the personalities involved. However, in the second half the book takes a frank and candid tone when approaching the airline’s growing pains, internal conflict among the...
Posted On November 11, 2020
, By Loren Moss
ColCapital is pleased to invite you to participate in the new version of its annual awards event, recognizing private equity managers with the greatest impact in the Colombian economy. Recognition will be awarded for the adaptation of companies or projects invested by private equity funds that mitigate, minimize or potentiate the effects generated by the current economic and health crisis due to the pandemic affecting the world.
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Carlyle Group’s David Rubenstein To Keynote ColCapital Awards This Friday

ColCapital is pleased to invite you to participate in the new version of its annual awards event, recognizing private equity managers with the greatest impact in the Colombian economy. Recognition will be awarded for the adaptation of companies or projects invested by private...
Posted On November 11, 2020
, By Loren Moss
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Interview: Tecnoglass CFO Santiago Giraldo Discusses The Company’s New $300 Million USD Credit Facility + Land Deal For New Factory

Tecnoglass (NASDAQ: TGLS) just closed on a $300 million USD credit facility from a syndicate of banks. In this Finance Colombia exclusive interview with CFO Santiago Giraldo, he also explains the company's innovative stock-for-land real estate deal for the site of their new...
Posted On November 3, 2020
, By Loren Moss
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Atico Mining Announces Q3 Operating Results For Its El Roble Mine In Chocó, Colombia

Atico Mining's El Roble mine production for the third quarter 2020 totaled 5.55 million pounds of copper and 2,487 ounces of gold in concentrates, a decrease of 3% for copper and 25% for gold over the same period in 2019.
Posted On November 3, 2020
, By Loren Moss
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Tecnoglass Successfully Closes On $300 Million USD Credit Facility

With a new $300 million USD senior secured credit facility consisting of a $250 million delayed draw term loan and a $50 million committed revolving credit facility, Tecnoglass expands its borrowing capacity, significantly reduces cost of capital, lowers interest expense by an...
Posted On November 2, 2020
, By Loren Moss
Viva Air group presents Felix Antelo as its new CEO. (Credit: Viva Air)
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Viva Air Carries Over 100,000 Passengers With 80% Load Factor In First Month Of Colombian Airspace Reopening

Viva Air Is selling tickets for as low as $15,49 USD one-way, and has announced that it has carried over 100,000 passengers in the first month of Colombian airspace reopening. The airline remains in growth-mode despite the COVID-19 Pandemic.
Posted On November 2, 2020
, By Loren Moss
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Copa Airlines Reinitiates Flight Operations In Colombia

Copa has relaunched international flights from Medellín, Cali, Cartagena & Bogotá to its Panamá City hub and from there, other international destinations.
Posted On November 2, 2020
, By Loren Moss
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Delivering Excellent Customer Service and Managing Remote Teams: How to Balance Today’s Dilemmas?

Cloud platforms provide Contact Center companies with all the tools they need to balance the challenges of the new world order
Posted On November 2, 2020
, By Loren Moss
Image by M P from Pixabay
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US State Department Urges: “Reconsider Travel To Colombia” Due To Worsening Conditions

US Department of State: Reconsider travel to Colombia due to COVID-19. Exercise increased caution in Colombia due to crime, terrorism and kidnapping. Some areas have increased risk. Read the entire Travel Advisory. 
Posted On October 30, 2020
, By Loren Moss
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Fitch Expects LatAm Electric Sector To Remain Resilient Through Pandemic

Fitch estimates 2021 and 2022 revenues and EBITDA to be approximately 9% less than prior estimates, given lower overall demand due to the economic downturn. Post-pandemic capex is expected to follow similar trends in 2020, but increase by 9% in 2021 and 15% in 2022.
Posted On October 29, 2020
, By Loren Moss
Gran Colombia Gold
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Gran Colombia Gold Reports Improved Results For Q3 2020

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 19,699 ounces of gold in September 2020 bringing the total for the third quarter of 2020 to 58,454 ounces, up 4% over the third quarter of 2019. The third quarter 2020 production...
Posted On October 28, 2020
, By Loren Moss
Puerto Antioquia
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Interview: Colombia’s New Puerto Antioquia Ocean Port Will Lower Costs & Boost Competitiveness

This new port, along with major highway construction projects upgrading the road connectivity, is expected to increase the competitiveness and lower the transportation cost for the export and import of goods into Colombia.
Posted On October 28, 2020
, By Loren Moss
Image by enriquelopezgarre from Pixabay
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Renovatio Launches Colombia’s First Private Renewable Energy Auction

Global renewable energy operator Renovatio Group has had a presence in Colombia since 2013, trading and marketing green energy and related services to environmentally conscious business customers. Now, it is launching the first private renewable energy auction November 4, 10am,...
Posted On October 28, 2020
, By Loren Moss
Felix Antelo photo by Loren Moss
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Viva Air Launches 2 New Routes From Cali To Barranquilla & Santa Marta, Colombia

While other Colombian airlines cling to life in bankruptcy courts, low cost carrier Viva Air remains in growth mode; this week announcing new routes between Cali, Colombia and the coastal cities of Santa Marta & Barranquilla. In just one year, the Rionegro (Medellín) based...
Posted On October 27, 2020
, By Loren Moss
Paul Harris
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Colombia Gold Symposium 2020 Brings All-Star Speakers, Online Format November 10-13

The Colombia Gold Symposium, organized by Paul Harris, publisher of Colombia Gold Letter, also covers other metals such as silver and copper, and gives Ecuador equal billing in the symposium content, with additional attention given to Peru and Chile.
Posted On October 26, 2020
, By Loren Moss
Beautiful Colombian woman shops at PriceSmart
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August PriceSmart Sales Flat, Pressured By Coronavirus Pandemic

For the five weeks ended August 30, 2020, comparable net merchandise sales for the 42 warehouse clubs open at least 13 ½ full months decreased 2.8% when compared to the same period last year.
Posted On October 26, 2020
, By Loren Moss
Image by Michal Jarmoluk from Pixabay
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Guest Opinion: Russia in 2016—Colombia in 2020?

Some of those Colombians in South Florida have been playing a media game in recent weeks that could influence the balance of power in Washington with the upcoming election on November 3rd.
Posted On October 26, 2020
, By Sergio Escobar
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US Citizens Abroad, Be Sure To Vote In The Upcoming Election. Here is How:

You can use the FWAB as an emergency, back-up option if you do not have time to return your local ballot. If you send a FWAB and subsequently receive your local ballot, you can vote with the local ballot, too – your election official will count only your local ballot, and you...
Posted On October 15, 2020
, By Loren Moss
SINPRO President Olga Lucia Arango
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Interview: EPM’s SINPRO Labor Union President Olga Lucia Arango Expresses Grave Concerns On Utility’s Leadership, Political Interference

Olga Lucia Arango, the president of EPM's largest labor union does not mince words when she expresses her union's concern over alleged mismanagement and political interference at the Medellín-based multinational utility operator. She has a message for the utility's bondholders,...
Posted On October 8, 2020
, By Loren Moss
ETEK International Corporation has announced the appointment of Juan Camilo Reyes as the new Chief Revenue Officer (CRO) for Latin America.
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Juan Camilo Reyes CISSP Appointed As Etek’s Chief Revenue Officer

ETEK International Corporation has announced the appointment of Juan Camilo Reyes as the new Chief Revenue Officer (CRO) for Latin America.
Posted On October 8, 2020
, By Loren Moss
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Bancolombia Takes Over Grupo Agromercantil, Fitch Calls The Move Credit Neutral

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.
Posted On October 6, 2020
, By Loren Moss
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Viva Air Trolls Avianca For Violating In-Flight Biosafety Protocols With Onboard Brass Band Then Bragging About It On Twitter.

UPDATE: TheColombian government has launched an investigation into Avianca - When Avianca pulled a publicity stunt to have musicians on board perform a brass serenade for passengers and then posted it on Twitter, rival airline Viva Air was quick to call their competitor out for...
Posted On October 6, 2020
, By Loren Moss
Hidroituango spillway photo courtesy EPM
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EPM’s Hidroituango: New Report By Independent Geological Engineering Expert Challenges Existing Narrative

This is the abridged version of a new independent technical study of the Hidroituango Hydroelectric Dam project tunnel collapse on Colombia's Cauca River by Canadian geological engineering expert Dean Brox. According to Mr. Brox, serious design flaws and critical decisions led to...
Posted On October 5, 2020
, By Dean Brox
Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)
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US Bankruptcy Court Approves $2 Billion USD Avianca DIP Financing Package

After a $370 million USD government loan was blocked by a Colombian court, a US bankruptcy judge approved a total of $1.217 billion USD in new DIP loans that Avianca was able to negotiate from existing creditors and new investors.
Posted On October 5, 2020
, By Loren Moss
copa airlines avianca colombia venezuela
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With Government Loan In Doubt, Avianca Secures Additional DIP Financing

Avianca says it has raised $2 billion of DIP financing, including new loans and refinancing of existing notes, despite the blockage of a $370 million USD bailout loan from the Colombian government.
Posted On September 22, 2020
, By Loren Moss
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While Asking For Government Bailout & Furloughing Thousands of Employees, Bankrupt Avianca Paid 7 “Insiders” Bonuses Of Over $10.3 Million USD

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...
Posted On September 21, 2020
, By Loren Moss
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Deliflor, Other Breeders Take Colombia’s Chrysanthemum Industry Events Online For 2020

Deliflor held its 2020 open house in conjunction with Colombia Chrysanthemum week, taken online this year due to the Pandemic travel restrictions. Still, Colombia Chrysanthemum Week 2020 online had lots to offer buyers, importers, breeders, and every link in the floriculture...
Posted On September 19, 2020
, By Loren Moss
Colombian police paint over a mural of Julieth Ramirez, who was killed by a police gunfire while protesting the death of Javiér Ordoñez.
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Gruesome Autopsy Report Shows How Colombian Police Killed Unarmed Law Student Javier Ordóñez

“A high energy blunt abdominal trauma caused the right kidney to burst, causing severe bleeding in the abdominal cavity, leading to death,” in addition to a ruptured liver says the coroner’s report on the death of Javier Ordoñez, a Colombian law student who died at the hands of...
Posted On September 19, 2020
, By Loren Moss
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Colombian Schoolchildren Fed Chemically Altered Donkey Meat Labeled As Beef

Colombian Prosecutors took down a macabre conspiracy that sold meat from sick and dead donkeys and horses to local school systems, after first chemically treating the meat to appear more like beef, and give it a palatable texture. Between 2018 & 2019 the culprits moved over 5,500...
Posted On September 18, 2020
, By Loren Moss
Superintendent of Transportation, Camilo Pabón Almanza.
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Colombia’s Transportation Ministry Investigates Viva Air Voucher Policy

Colombia's Superintendent of Transportation is looking into complaints regarding the expiration date and use policy of some travel vouchers issued by Viva Air during the COVID-19 Pandemic. The airline says it is cooperating, and has already revised its redemption policy.
Posted On September 18, 2020
, By Loren Moss
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Colombian Government Announces Biosafety Protocols For Arriving International Travelers

Travelers arriving to Colombia must present a negative result of a PCR test for Covid-19 taken no longer than 96 hours before the stipulated time of travel and whoever has symptoms associated with Covid-19 will not be allowed to get on board.
Posted On September 18, 2020
, By Loren Moss
monedas
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Are You A Member? Support Finance Colombia, Receive Exclusive Benefits & Access

Thank you for being a consistent reader of Finance Colombia. We are committed to maintaining our free subscription model, but were you aware of the benefits of being a paid member?
Posted On September 16, 2020
, By Loren Moss
Photo courtesy US DEA
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Cartagena-Based US DEA Agent Guilty Of Stealing Over $9 Million USD In Drug Money

US DEA Special Agent José Ismael Irizarry and his wife Nathalia Gomez Irizarry pled guilty to all charges in a mammoth scheme to steal government funds, drug proceeds and launder money. The Irizarrys apparently are related to the notorious Ambuila crime family of Cali, Colombia.
Posted On September 15, 2020
, By Loren Moss
Tecnoglass Barranquilla plant
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Tecnoglass Declares Cash Dividend For Q3 2020

Coming off a record breaking second quarter, Barranquilla, Colombia based Tecnoglass (NASDAQ: TGLS) has declared a cash dividend of $0.0275 USD per share, or $0.11 per share on an annualized basis for the third quarter of 2020. The dividend will be paid to shareholders of record...
Posted On September 15, 2020
, By Loren Moss
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Despite Pandemic, Viva Air Expands With New Bogotá – Cali Route

Just days after the Colombian government allowed the restart of commercial aviation in the country, low cost carrier Viva Air has returned to expansion mode with the announcement of a new route between the Colombian capital of Bogotá and the third largest city and Colombia’s...
Posted On September 15, 2020
, By Loren Moss
4

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...
Posted On September 12, 2020
, By Loren Moss
juan manuel santos donald trump plan colombian coca eradication peace colombia farc
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Former President Denounces Colombian Government For Colluding With Trump Re-Election Campaign

Former Colombian President & Nobel Peace Prize Winner Juan Manuel Santos has accused current Colombian President Ivan Duque's administration of unlawfully offering to interfere in the upcoming US Presidential Election on behalf of Donald Trump
Posted On September 10, 2020
, By Loren Moss
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Viva Air Restarts International Flights September 19 With Miami-Cartagena Route

Viva Air is the 1st Colombian carrier to announce international flights after airspace reopens. Colombia-Miami flights start September 19. Viva is waiting on Peruvian authorization to begin flights there as well.
Posted On September 10, 2020
, By Loren Moss
4

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Colombia suffered deadly riots as citizens took to the street to protest police brutality. In the latest incident, a law student was beaten & tasered to death in front of his apartment as friends and family looked on in horror. The attack was apparently unprovoked. Artwork...
Posted On September 10, 2020
, By Loren Moss
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Colombian Government Study To Explore $370 Million USD Loan To Bankrupt Avianca Contracted Just 1 Day Before Loan Approved; To Be Paid By Avianca

Finance Colombia has learned that a feasibility study to determine the viability of a government bailout of Avianca Airlines, where Colombian President Ivan Duque’s sister Maria Paula Duque is a top executive, was contracted by the finance ministry only the day before Duque...
Posted On September 9, 2020
, By Loren Moss
Mark Grenon captured by CTI in Santa Marta
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Father & Son Hucksters From US Peddling Lethal Bleach “Miracle Cure” Captured In Santa Marta, Colombia

Joseph Grenon and one of his three sons, Mark Grenon were arrested in Santa Marta, Colombia in a joint operation between Colombia’s attorney general and the US Department of Justice, after being charged with peddling a lethal industrial bleach solution in both the US and Colombia.
Posted On September 8, 2020
, By Loren Moss
3

Declan Ryan Says Viva Air Not Being Treated Fairly By Colombian Government: Exclusive Interview

Finance Colombia’s founder Loren Moss was able to connect with Viva Air’s Executive Chairman Declan Ryan to better understand the gap between what the Duque Administration has said, and what they are doing. Are investors being treated equitably?
Posted On September 3, 2020
, By Loren Moss
Ruta N Photo credit: Loren Moss
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New Details Emerge On How Medellín Mayor Daniel Quintero Provoked Ruta-N Board Walkout

The board of directors then asked for a meeting with the mayor at the end of July, which they did not get. In their regular board meeting, August 12, the board of directors again asked Quintero’s secretary of economic development, Alejandro Arias for a meeting with the mayor to...
Posted On September 3, 2020
, By Loren Moss
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