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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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Chevron Petroleum, Colombia’s Green Heart Foundation Donate House To Widow & Child Of Fallen Police Officer

Chevron Petroleum (NASDAQ: CVX), in conjunction with Colombia’s Green Heart Foundation (Fundación Corazón Verde), local construction company Constructora Capitál and the U.S. Embassy donated this week a new home in the Medellín suburb of Sabaneta to the widow and child of fallen...
Posted On October 2, 2019
, By Loren Moss
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Colombia’s Foreign Direct Investment Up 11.4% Over 2018

Foreign Direct Investment (FDI) in sectors other than those of mines and energy, between January and August, registered an increase of 11.4%, according to Colombia’s Banco de la República (Bank of the Republic), going from $1.4 billion USD the same period last year to $1.564...
Posted On September 30, 2019
, By Loren Moss
reinsurance latin america house collapse
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American Agricultural Insurance Company Approved To Issue Reinsurance In Colombia, Argentina

US based American Agricultural Insurance Company (AAIC) has announced that it is now authorized to reinsure risks based in Argentina and Colombia through the broker marketplace. The company has been named an Admitted Foreign Reinsurer in Argentina and an Approved Reinsurer in...
Posted On September 30, 2019
, By Loren Moss
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Air Wars: Delta Snatches LATAM From American Airlines Partnership, Leaves AA Without Partners In Several Major Markets

Delta (NYSE: DAL) and LATAM Airlines Group S.A. (NYSE: LTM; IPSA: LTM) last week announced that they have entered into a strategic partnership that seeks to reshape the air travel environment in The Americas. Chile based LATAM will sever its ties with longtime partner American...
Posted On September 30, 2019
, By Loren Moss
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Continental Gold Begins Deepest 1.6 km Drill At Buriticá, Construction On Schedule

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has commenced drilling a deep diamond drill hole from the Higabra tunnel elevation at its Buriticá project in Antioquia, Colombia. The planned 1,600-meter hole has been designed to test for gold and copper mineralization within a known...
Posted On September 30, 2019
, By Loren Moss
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Frontera Energy & CGX Energy Announce Conversion of Bridge Loan

CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced last week that Frontera has elected to convert the principal amount outstanding (US$8.8 million) under its bridge loan facility due September 30, 2019. As previously announced, the principal amount...
Posted On September 30, 2019
, By Loren Moss
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Royal Road Minerals Gains Concessions In Caldas & Risaralda, Colombia

Toronto based Royal Road Minerals Limited (TSXV:RYR), a gold and copper focused mineral exploration and development company, has announced that by way of its recently completed purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited, it has...
Posted On September 30, 2019
, By Loren Moss
U.S. Marine Cpl. Johnathon Nettles, a data systems administrator with Special Purpose Marine Air-Ground Task Force – Southern Command, finalizes adjustments on a ground antenna transmit and receive (GATR) communications system during the setup of a command operations center in Base de Entrenamiento de Infanteria de Marina, Coveñas, Colombia, Sept. 28, 2019. A GATR is used to establish local area network-based services through a satellite. The task force is conducting training and engineering projects hand-in-hand with partner nation military members in Latin America and the Caribbean during their deployment to the region, which coincides with hurricane season. Nettles is a native of Annapolis, Maryland. (U.S. Marine Corps photo by Sgt. Stanley Moy)
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US Marines Deployed To Coveñas, Colombia; Establish Command Operations Center on Colombia’s Atlantic Coast

US Marines Special Purpose Marine Air-Ground Task Force under the US Military Southern Command and Colombia’s Infantería de Marina de Colombia begin a week of Humanitarian Assistance/Disaster Relief (HA/DR) rehearsals and Subject Matter Expert Exchanges (SMEEs), in Coveñas,...
Posted On September 30, 2019
, By Loren Moss
Avianca Boeing 787 Dreamliner at Medellín's Airport
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Control of Avianca: New York Court Issues Summary Judgement In Favor of United & Kriete’s Kingsland Holdings, Against BRW Aviation, Efromovich

This morning in a New York court, a judge issued summary judgement affirming Kingsland Holding’s control of Avianca, after industrialist Germán Efromovich defaulted on loan payments to United Airlines collateralized by Efromovich’s stake in Avianca Holdings (NYSE:...
Posted On September 27, 2019
, By Loren Moss
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Colombian Small Business Lender Sempli Raises $8 Million USD In Series A Venture Capital

Sempli, the Colombian online lending platform for small businesses, announced this week that it has secured $8 million USD in Series A venture capital, the round being led by Oikocredit and Incofin CVSO. Existing and new investors joined the round, including BID LAB (The...
Posted On September 26, 2019
, By Loren Moss
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Appoints Carlos Alfredo Cure Cure as a New Director, Replacing Samuel R. Azout

Tecnoglass, Inc.(NASDAQ: TGLS) Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, this week announced the appointment of Carlos Alfredo Cure Cure to its board of...
Posted On September 18, 2019
, By Loren Moss
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Bayport Secures $150 Million USD To Fuel Its Colombian Consumer Payroll Lending

Bayport Colombia, a “libranza” (payroll loan) company, executed a secured credit agreement for up to USD $150 million with a syndicate consisting of a Cerberus Capital Management affiliate, JPMorgan Chase Bank, and a large Canadian institutional investor. The syndicate was led by...
Posted On September 18, 2019
, By Loren Moss
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Colombia Seeks To Export Mango, Pitaya, Bell Peppers To US In Trade Talks

Colombia’s vice minister of foreign trade Laura Valdivieso Jiménez met this week with US undersecretary of commerce Gilbert Kaplan during his visit to Colombia to discuss trade, when she brought up for discussion agricultural admissibility of several agricultural products,...
Posted On September 12, 2019
, By Loren Moss
Photo of Barranquilla skyline credit MinCIT
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Barranquilla Seeing A Surge In International Visitors

In the first half of 2019, 82,549 International visitors arrived in Colombia through Colombia’s Atlantic coastal city of Barranquilla. According to Colombia’s Ministry of Commerce, Industry & Tourism (MinCIT), this is an increase of 9.7% over the same period in 2018. 538,260...
Posted On September 12, 2019
, By Loren Moss
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Gran Colombia Gold Reports Production Up 8%

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 18,710 ounces of gold in August bringing the total for the first eight months of 2019 to 155,359 ounces, up 8% over the first eight months of 2018. Gran Colombia’s trailing 12 months’...
Posted On September 12, 2019
, By Loren Moss
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Pacific Coast Town of Coquí (Nuquí), Chocó Hosts “Siembra Negro” Gastronomy Festival

The 5th version of the “Siembra Negro” Festival launches today and runs through September 14th, in Coquí, a village outside of the coastal town of Nuquí on Colombia’s Pacific coast best known as a launching point for whale watching and ecotourism. The Ministry of Commerce,...
Posted On September 11, 2019
, By Loren Moss
VivaColombia Colombia airplane el dorado airport (Photo credit: Viva Air)
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Viva Air Inks Distribution Deal With Amadeus For Air Tickets

Colombian low-cost airline Viva Air and travel technology platform Amadeus (MSE: AMS) have announced a distribution deal today whereas Viva Air will make its domestic and international flights, as well as negotiated fares, bookable in all Amadeus points of sale. The fares will be...
Posted On September 10, 2019
, By Loren Moss
Fitch Photo credit: Shashank457 licensed under the Creative Commons Attribution-Share Alike 4.0 International license.
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Colombia’s Economy Still Faces Risks Despite 2019 Data: Fitch

Data from the first half of 2019 indicating that Colombia is on track to meet its 2019 fiscal target without one-off asset sales is a positive development, but meeting the 2020 target could be challenging, says Fitch Ratings. The risks to fiscal consolidation and to the...
Posted On September 9, 2019
, By Loren Moss
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Colombia’s Tourist Town of Guatapé Opens New $6 Million Dollar Lakeside Park

Colombia’s popular tourist town of Guatapé, Antioquia, roughly 2 hours outside of Medellín, has opened a new Malecón, or waterfront parkway, modernizing and increasing public space by more than 19,000 square meters. The public work was realized by joint efforts of the Guatapé...
Posted On September 9, 2019
, By Loren Moss
© Loren Moss
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Blue Marble Microinsurance Renews, Expands Weather Index Insurance For Small Colombian Coffee Growers

Blue Marble Microinsurance is renewing its weather index insurance program for smallholder coffee farmers in Colombia and expanding the coverage significantly.
Posted On September 9, 2019
, By Loren Moss
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South American Wayúu Indigenous Leader Says Petroleum Companies, Multinationals Can Live In Harmony With The Environment & Humanity—If They Follow Certain Principles

Wayúu indigenous leader Monica Barros tells Finance Colombia what multinationals must do to make profits in harmony with communities and the land
Posted On September 8, 2019
, By Loren Moss
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President Duque Inaugurates ANDICOM 2019, Colombia’s Largest Annual IT & Telecom Event

Colombian President Ivan Duque was present in Cartagena today to give the opening address to ANDICOM, Colombia’s largest and most important ICT (Information & Communications Technology) event. Duque announced the creation of an entrepreneurial ecosystem initiative led by...
Posted On September 5, 2019
, By Loren Moss
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Colombia To Create Giant Government Holding Company of 19 State Owned Enterprises

Colombia’s Ministry of Finance and Public Credit (Hacienda) announced that by November, Colombia will restructure its ownership of almost two dozen government-owned companies into a single entity with an expected value of $80 billion USD. The holding company would be comprised of...
Posted On September 5, 2019
, By Loren Moss
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Japan & Colombia Agree To Promote “Orange Economy” Bilateral Trade

Representatives of Colombia and Japan have agreed to establish a permanent working group to advance common interests in trade, investment, and cooperation in the “Orange economy.” The effort was agreed upon during a meeting between Colombian vice minister of trade Laura...
Posted On September 5, 2019
, By Loren Moss
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Carolina Duque Joins Baker McKenzie As Partner In Medellín, Colombia

Global law firm Baker McKenzie has added Carolina Duque to its Colombia Banking and Finance practice. Duque is a local partner specializing in local and international project finance. Duque’s addition is expected to complement the firm’s growth strategy defined by the partners....
Posted On September 4, 2019
, By Loren Moss
Chinese yuan bills _ Renminbi. チャイナマネ
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China’s Expected Deceleration Presents Threat To Colombian & Other Latin American Economies, Says Fitch

Heavy commodity dependence and direct trade exposures represent significant vulnerabilities for Latin American economies if China’s slowdown is sharper than expected, says Fitch Ratings. Large commodity exporters such as Chile, Brazil, Peru and Colombia are likely to be...
Posted On September 4, 2019
, By Loren Moss
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Bancolombia Selects US Based Unisys For Service Desk Support & Cybersecurity Solutions

Unisys Corporation (NYSE: UIS) today announced that Bancolombia (NYSE: CIB) has selected Unisys to support the bank’s digital transformation. Unisys will provide secure digital workplace service capabilities supporting more than 24,000 employees, including a help desk that...
Posted On September 3, 2019
, By Loren Moss
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KPMG Completes Review of Avianca Interim Financial Statements

Global accounting and audit firm KPMG has completed a review of Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH)  financial statements and notes as of June 30, 2019. A statement and letter to shareholders was prepared, and the letter was entered into the public record via a 6-K...
Posted On September 3, 2019
, By Loren Moss
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Avianca in SEC Filing: “We Are Currently In Payment Default”

Avianca: "Our business may not succeed even if the Re-profiling Plan is successful and the Stakeholder Investment is consummated."
Posted On September 3, 2019
, By Loren Moss
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Canal 1 Cancels Respected Colombia Weekend News Show “Noticias Uno”

Plural Comunicaciones S.A.S, concessionaire of Canal 1, after a financial review and after exploring numerous alternatives together with its partners, has decided to cancel the popular weekend news program Noticias Uno. Well liked by viewers, Noticias Uno has been consistently...
Posted On September 2, 2019
, By Loren Moss
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Chevron Petroleum Launches Food Bank To Serve Colombia’s Wayúu Indigenous Community & La Guajira Peninsula

Chevron Corporation (NYSE:CVX) last week in Bogotá launched a major initiative to support residents of Colombia’s La Guajira department on the country’s Atlantic Coast. The global petroleum giant collaborated with the local Catholic Diocese of Riohacha and many Colombian delivery...
Posted On September 2, 2019
, By Loren Moss
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Colombia Investment Summit Seeks Foreign Direct Investment & Strategic Alliances

The 5th annual Colombian Investment Summit is being held October 29 & 30 in the Grand Ballroom of the Grand Hyatt Hotel in Bogota. Sponsored by Colombia’s Ministry of Commerce, Industry & Tourism along with Colombia’s investment promotion agency ProColombia, the event has...
Posted On September 1, 2019
, By Loren Moss
medical marijuana cannabis khiron life sciences pharmacielo new colombia resources (Credit: eujava / Pixabay)
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Cannabis Company Khiron Life Sciences Announces Pilot WIth Colombian Health Provider EPS Sura

Khiron Life Sciences Corp. ( (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), has announced that its wholly-owned clinic network, the Latin American Institute of Neurology and the Nervous System (“ILANS”), has partnered with Colombian health insurance company...
Posted On September 1, 2019
, By Loren Moss
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Avianca Statement: “We May Have Violated The US Foreign Corrupt Practices Act”

Stormy skies are not clearing anytime soon for Avianca, it seems. Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) announced in a new filing with the US Securities and Exchange Commission (SEC) that it may have violated the US Foreign Corrupt Practices Act, or FCPA.  Apparently, the...
Posted On September 1, 2019
, By Loren Moss
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Colombia Gets $15 Million USD Loan From The IDB TO Strengthen Public Sector Management

Colombia will advance in the modernization of public management through the implementation of an innovative Government Center (Smart Delivery Unit) that will incorporate cutting-edge technologies to support evidence-based decision-making processes with a $15 million loan approved...
Posted On September 1, 2019
, By Loren Moss
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Report: 5% of Colombian Companies Have Lost up to $4 Billion COP Due to Cyberattacks.

The improper access and hijacking of information, the loss or damage of sensitive data, the attacks of hackers and the crash of digital platforms are dangers  that companies of the country face day by day, and that according to a BDO study titled Impact of digital security...
Posted On September 1, 2019
, By Loren Moss
Leopoldo Albuquerque (left) of Smart City Business America
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Leopoldo Albuquerque Has A Libertarian Vision Of Smart Cities In Latin America, With The Public & Private Sectors Collaborating Towards Common Goals

Leopoldo Albuquerque is on a mission to make the cities in Latin America smarter. Though you might think of technology first, Dr. Albuquerque is talking about smarter ways of governing and managing public and shared resources. The founder and Global President of Smart City...
Posted On September 1, 2019
, By Loren Moss
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Avianca’s Sturm und Drang Continues With Chairman Calling The Airline “Bankrupt” Then Saying He Didn’t Mean It

Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) stock plunged to an all-time low last week after new chairman and major stockholder Roberto Kriete called the company “Bankrupt” during an internal employee meeting. An internal video was leaked showing Kriete’s comments, which...
Posted On September 1, 2019
, By Loren Moss
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Global Hydropower Latin America 2019 Presents Key LatAm Hydroelectric Projects

On October 9 & 10 in Lima, Peru the Hydropower Latin America Congress and Exhibition will bring together over 300 decision making executives of hydroelectric plants, Latin American ministries of energy, hydroelectric companies, investors, EPCs, equipment and service providers...
Posted On August 30, 2019
, By Loren Moss
avianca colombia bogota
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Avianca Chairman Roberto Kriete’s Kingsland Holdings To Loan Avianca $50 Million USD For Working Capital

Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) stated today in an SEC filing that an affiliate of Kingsland Holdings Limited, controlled by Avianca chairman Roberto Kriete, has entered into a commitment to extend a short term secured loan of US$50 million to the Company, subject...
Posted On August 30, 2019
, By Loren Moss
Beautiful Colombian woman shops at PriceSmart
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PriceSmart To Open 3rd Bogotá-Area Store, 8th In Colombia

PriceSmart, Inc. (NASDAQ: PSMT) today announced that on August 21, 2019, it acquired approximately 111,000 square feet of land in the far north of the capital city, Bogotá upon which the company plans to construct its 47th warehouse club.  This club will be located within the...
Posted On August 27, 2019
, By Loren Moss
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Colombian Cinema Delegation Present In Cannes

In recent years, the Colombian audiovisual and animation industry has become known in Europe, South America and North America. Now, to reinforce its global positioning, ProColombia, Colombia’s export, investment and tourism promotion entity, is accompanying 12 companies in...
Posted On August 25, 2019
, By Liliana Padierna
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US Navy Hospital Ship USNS Comfort Attends To Thousands of Colombian Patients On Humanitarian Stop In Santa Marta

United States Navy hospital ship USNS Comfort is in Santa Marta, Colombia this week giving free medical care to local Colombian patients, including several complex surgeries on the hospital ship, along with primary medical care in Santa Marta’s Coliseo Mayor Polideportivo...
Posted On August 21, 2019
, By Loren Moss
Tecnoglass Barranquilla plant
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Barranquilla Based Tecnoglass Reports Best Quarter Ever, Record EBITDA

Tecnoglass, Inc. (NASDAQ: TGLS) (BVC:TGLSC), Colombia’s largest manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, has reported that financial results for the second quarter ended June...
Posted On August 19, 2019
, By Loren Moss
sura asset management senior notes moody's grupo sura suramerica
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Moody’s Maintains Sura Asset Management at Baa1

Moody’s Investors Service has completed a periodic review of the ratings of Sura Asset Management, S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the...
Posted On August 19, 2019
, By Loren Moss
US and Colombian prosecutors meet in Bogotá Photo credit Federico Barón
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US Prosecutors Visit Colombian Counterparts To Fight Organized Crime

Colombia’s attorney general, Fabio Espitia Garzón, received a delegation of prosecutors from The United Sates led by Zachary Terwilliger, Prosecutor for the Eastern District of Virginia. The purpose of the visit was to strengthen cooperation in the fight against organized...
Posted On August 19, 2019
, By Loren Moss
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Reports: Colombia To Get US Immigration Pre-Clearance From Bogotá

According to printed reports in airline industry publications and El Tiempo, outgoing US Ambassador Kevin Whittaker announced that before the end of next year, Bogotá’s El Dorado International Airport will have a US Immigration Pre-Clearance Facility. Such facilities are...
Posted On August 19, 2019
, By Loren Moss
Juan N. Cento of Fedex
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Exclusive Interview: Juan Cento of Fedex Announces New Commitments To Colombia, Ecuador, Peru, Chile

Fedex (NYSE: FDX), previously known as Federal Express, has been present in Colombia for 25 years, but has not been seen as the dominant player that it is in other markets. Fedex would like to convince us that a change is coming. A delegation of top executives has been in...
Posted On August 16, 2019
, By Loren Moss
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US Social Security & Medicare Beneficiaries Living in Colombia Can Meet With US Federal Benefits Unit Representatives in Medellín, Cali, Bogotá: Last Week of August 2019

The U.S. Embassy in Bogota has announced that representatives from the Regional Federal Benefits Unit will visit Medellin, Cali and Bogota to offer services for beneficiaries or individuals with questions about U.S. Social Security and other federal benefits. To schedule an...
Posted On August 14, 2019
, By Loren Moss
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Avianca Offers To Swap Secured For Unsecured Debt

Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) this morning announced in a 6-K filing with the United States Securities and Exchange Commission, in connection with its previously announced re-profiling plan for its capital structure, the commencement of an offer, outside of...
Posted On August 14, 2019
, By Loren Moss
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FedEx Launches New Miami-Bogotá-Medellín 767 Route, Expands Presence In Colombia WIth New Medellín Facilities

At an event today in Medellín, FedEx Express (FedEx),a subsidiary of FedEx Corp. (NYSE: FDX) and billing itself as the world’s largest express transportation company, announced the launch of a new flight that will operate six times per week between Miami, Bogota, and Medellin....
Posted On August 14, 2019
, By Loren Moss
ACI Medellín's Catalina Restrepo with Finance Colombia's Loren Moss
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Passion & Progress Define Catalina Restrepo’s Tenure At The Helm Of Investment Promotion Agency ACI Medellín

Catalina Restrepo has spent just a year and a half at the helm of ACI Medellín, the city’s investment promotion agency. Still, in that time she has been able to leaver her mark and create a legacy. As the current mayoral administration comes to the  close of its four year term,...
Posted On August 13, 2019
, By Loren Moss
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Continental Gold Closes Stream Transaction with Triple Flag Mining Finance

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced the closing of the previously-announced US$100 million gold and silver stream transaction with Triple Flag Mining Finance Bermuda Ltd. Proceeds from the stream will be used for general and working capital purposes and...
Posted On August 13, 2019
, By Loren Moss
Left to right: Victor Muñoz, Sylvia Constain, Luis Almagro
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Organization of American States Redoubles Efforts To Combat Corruption With Big Data, Artificial Intelligence & Analytics

Prior to the OAS General Assembly held last month in Medellín, Colombia, member countries of the Organization of American States proposed to strengthen the use of technology to combat corruption in The Americas. “According to the Corruption Perception Index prepared by...
Posted On August 13, 2019
, By Loren Moss
Photo: Frontera Energy's oil operations in Quifa, Colombia.
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Frontera Energy Wins Petroleum Exploration Rights For Colombia’s Llanos-99 Block

Frontera Energy Corporation (TSX: FEC) has announced that it was awarded the Llanos-99 block in Colombia following the successful Agencia Nacional de Hidrocarburos (ANH) bid round. This is the first new round of exploration licenses in Colombia in the past five years. The...
Posted On August 13, 2019
, By Loren Moss
Buses nuevos de Transmilenio en la planta de carrocera de Pereira
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$131.3 Billion COP Bond Placement Oversubscribed For Renovation of Bogotá’s Transmilenio Bus Fleet

A bond issue was successfully completed last month in the amount of $131,350,000,000 Colombian pesos (Approximately $38.6 million USD) to finance the acquisition of the Transmilenio Phase I and II municipal bus fleet for the city of Bogotá’s 80th Street yard.  The transaction was...
Posted On August 13, 2019
, By Loren Moss
A terminal in Bogotá's El Dorado International Airport sits empty. Photo credit Loren Moss 2014
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Amid Macroeconomic, Fiscal Challenges, Fitch Maintains Colombia’s Negative Credit Rating Outlook

Colombia’s recently released Medium-Term Fiscal Framework (MTFF) utilizes optimistic economic growth assumptions and relies on one-off privatization/asset sales and uncertain administrative measures to boost revenues, says Fitch Ratings. As such, risks to achieving...
Posted On August 13, 2019
, By Loren Moss
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US Military, Defense Contractors Present in Force at Colombia’s F-AIR 2019 11th Biennial Aviation & Defense Air Show

Every two years for the past 2 decades, Colombia’s air force along with Corferias, a government events promotion agency organize the F-AIR airshow at the José Maria Córdova international airport in Rionegro, Colombia just outside of Medellín. With the United States once again...
Posted On August 13, 2019
, By Loren Moss
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Uber Fined 2.1 Billion Pesos For Obstructing Government Investigative Visit To Its Offices

Colombia’s Superintendencia de Industria y Comercio, or Superintendence of Industry & Commerce, akin to the US Federal Trade Commission, has announced a punitive fine on Uber Colombia SAS, Uber’s Colombia subsidiary, after Uber officials and lawyers allegedly blocked access...
Posted On August 12, 2019
, By Loren Moss
Courtesy of Fitch Ratings
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Impending Recession: Fitch Says Negative Bond Yields Don’t Necessarily Support Sovereign Credit

Negative yields on long-dated government securities are more reflective of distorted market conditions than of stronger sovereign credit profiles, Fitch Ratings says. Lower interest service costs support sovereign creditworthiness, but this must be weighed against the impact of...
Posted On August 12, 2019
, By Loren Moss
Sede Barragán is small and, like many rural Colombian schools, lacks resources. But the students take great pride in their school, which features the colors and design typical of buildings throughout coffee country. (Credit: Jared Wade)
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Cato Institute Scholar: School Choice Increases Earnings in Colombia

There’s an ongoing debate about how we should evaluate the effectiveness of school choice policies. Last month, two education professors argued that standardized test scores should be “the measure of success.” Other education researchers – including myself – contend that we...
Posted On August 11, 2019
, By Editorial Staff
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Moody’s Downgrades Lifemiles Loyalty Program To B2

Moody’s Investors Service last week downgraded to B2 from Ba2 LifeMiles Ltd.’s corporate family and senior secured ratings. The outlook has been revised to negative from stable. LifeMiles, Ltd. is a coalition loyalty, program and the sole operator of Avianca...
Posted On August 5, 2019
, By Loren Moss
Avicanna CEO Aras Azadian
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Avicanna, Canadian Cannabis Company With Colombian Operations Lists On TSX Stock Exchange

Ontario, Canada based Avicanna Inc. (TSX: AVCN) a company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products, just announced that its common shares have begun trading on the Toronto Stock Exchange (TSX) on Thursday, July...
Posted On August 5, 2019
, By Loren Moss
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Gran Colombia Gold Produces 118,483 Ounces of Gold in H1 2019, Up 12%

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) has announced that it produced a total of 18,882 ounces of gold in June bringing the total for the second quarter of 2019 to 57,882 ounces, up 9% over the second quarter of 2018. For the first half of 2019, the company produced a...
Posted On August 5, 2019
, By Loren Moss
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Fitch Affirms Credivalores’ Long Term Issuer Default Rating at ‘B+’; Revises Outlook to Negative

Fitch Ratings has affirmed Credivalores Crediservicios S.A.S.‘s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’ and Short-Term Foreign Currency IDR at ‘B’. The Rating Outlook was revised to Negative from Stable. Fitch also affirmed...
Posted On August 5, 2019
, By Loren Moss
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US Government Experts Assess HidroItuango & Rio Cauca Environmental Conditions By Invitation of Colombia’s National Environmental Licensing Authority

At the behest of Colombia’s National Environmental Licensing Authority (ANLA) scientists from the United States government spent two weeks in Colombia observing and analyzing the environmental impacts of the Hidroituango contingency, the troubled hydroelectric dam construction...
Posted On July 30, 2019
, By Loren Moss
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House Arrest For Laude José Fernández Arroyo, Accused of Spying On Avianca’s Pilot’s Union

Colombia’s former intelligence chief, Laude José Fernández Arroyo has been detained and is currently under house arrest; having been charged with illegally wiretapping ACDAC, the pilot’s union that had been involved in a bitter strike with Avianca during 2017. Fernández headed...
Posted On July 30, 2019
, By Loren Moss
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