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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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Medellin’s Éxito Purchases Grupo Pão de Açúcar in Brasil, Libertad in Argentina; Now Largest Retailer In South America

Last week, Medellin based Grupo Éxito has entered into a share purchase agreement with Casino regarding the acquisitions in cash of a 50% stake in the holding company of 99.9% the ordinary voting shares of Grupo Pão de Açúcar, representing 18,8% of the total capital, along with...
Posted On August 30, 2015
, By Loren Moss
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Ituango Hydroelectric Project Driving Rural Development In Western Antioquia

Six Antioqueño communities in the area of influence of EPM’s Ituango Hydroelectric project stand to benefit from commitments made by EPM’s CEO Juan Esteban Calle Restrepo, and Medellin’s mayor Anibal Gaviria Correa. The two principals laid out those commitments at a meeting held...
Posted On August 30, 2015
, By Loren Moss
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Ohio Based Murray Energy Buys Colombian Coal Mines From Goldman Sachs

Goldman Sachs has exited the coal mining business by selling its Colombian La Francia and El Hatillo Mines, 3 undeveloped mines, interest in a Colombian railroad, and 184 million tons of coal reserves to Murray Energy, based in St. Clairsville, a small town in Ohio’s Appalachian...
Posted On August 30, 2015
, By Loren Moss
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International Real Estate Convention “Gran Salon Inmobiliario 2015” Launches In Bogotá September 24-27

The 10th edition of Bogota’s principal real estate convention kicks off the 24th of September in the Corferias convention complex, in conjunction with La Lonja Propiedad Raíz de Bogotá (a Lonja is equivalent to a board of realty, or Realtor’s association). Over the four days of...
Posted On August 30, 2015
, By Loren Moss
Photo credit: Loren Moss
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Colombia’s Economy Slowing, But Corporate Credit Quality Not At Risk

Based on statistics available through March of 2015, Colombia’s industrial sector has experienced a negative annualized growth rate through the previous four quarters, led downward by the petroleum sector. This has resulted in decreased tax revenues for municipal and state...
Posted On August 29, 2015
, By Loren Moss
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Red Eagle Mining Raises $19.3 Million, Begins San Ramon Gold Mine Construction

Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) has completed the second tranche of its previously announced private placement in the amount of approximately $5,650,000 for total gross proceeds of approximately $19,350,000, consisting of 71,677,550 common...
Posted On August 28, 2015
, By Loren Moss
The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Mateo Restrepo Villegas Joins Continental Gold as Executive Vice President

Continental Gold Inc. (TSX:CNL)(OTCQX:CGOOF) has announced that Mateo Restrepo Villegas will serve as Executive Vice-President, effective August 12, 2015, and will be located in the company’s Medellín office. Restrepo brings experience in mining, infrastructure, banking and...
Posted On August 28, 2015
, By Loren Moss
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Breaking News: Pacific Rubiales Changes Name To Pacific Exploration & Production Company

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today that it is changing its corporate name to Pacific Exploration and Production Corporation. The name change comes after an acquisition by Alfa S.A.B. and Harbour Energy, Ltd. failed, and the company continues to...
Posted On August 14, 2015
, By Loren Moss
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Premium Companies & Basic Motorcycle Manufacturers Bullish On Colombia

Indian motorcycle company Royal Enfield wants to expand globally, and it is targeting Colombia as a key market. “Currently we are an Indian company,” CEO Siddhartha Lal told India’s Business Standard in July. “We want to be a global player.” Royal Enfield boasts that...
Posted On August 14, 2015
, By Jared Wade
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Medellin Hosting Cities For Life: Global Urbanism Symposium Featuring Experts From 5 Continents – Exclusive Interview

This week, the city of Medellin held the pre-event kickoff for the upcoming Cities For Life Global Meeting 2015, to take place this August 31 to September 1st in Plaza Mayor, the city’s flagship convention center. Cities for Life will bring more than 40 experts from around the...
Posted On August 14, 2015
, By Loren Moss
Kalmar DCG140 Forklift Trucks - photo courtesy of Kalmar Global
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Buenaventura Expanding Port Operations, Books $28 Million Gantry Crane Order

Kalmar, part of Cargotec, has been awarded a major port equipment order from long-standing customer Sociedad Portuaria Regional de Buenaventura S.A. (SPRBun) as they gear up for growth at their operations in Terminal Especializado de Contenedores de Buenaventura S.A. (TECSA) in...
Posted On August 13, 2015
, By Loren Moss
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Bogotá’s Nivel Siete Acquired By Blackboard

Washington DC based Blackboard today announced the acquisition of Bogota based Moodle solutions provider Nivel Siete. By merging, the two companies expect to be able to offer more services and solutions to organizations that leverage Moodle, and support a greater number of...
Posted On August 13, 2015
, By Loren Moss
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Compas & APM Terminals To Invest $200+ Million In Cartagena Port Upgrade

APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multi purpose Cartagena Terminal. APM Terminals and Compas S.A. will...
Posted On August 13, 2015
, By Loren Moss
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University of Wisconsin To Open Tropical Disease Laboratory In Medellín’s Ruta-N

City backed business incubator Ruta-N announced yesterday a deal with the University of Wisconsin (USA) to establish a $2+ million laboratory in part of the space recently abandoned by Hewlett Packard. The initial term will be for three years. The venture expects to count on...
Posted On August 12, 2015
, By Loren Moss
Photo courtesy of Minhacienda
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Colombia’s First Three 4G Highway Concessions Financed For $1.2 Billion USD

Yesterday, Colombia’s Development Finance Agency, FDN (Financiera Nacional de Desarrollo) announced the successful financing of the first three 4G (Fourth Generation) highway concessions, expanding the country’s ground transportation infrastructure. This will facilitate...
Posted On August 12, 2015
, By Loren Moss
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EMCALI Implements Innovari IEP Interactive Energy Platform, Demonstrating Colombia’s Readiness For Smart Grid Technology

Empresas Municipales de Cali (EMCALI) has launched an advanced energy project this summer in the city of Cali, Colombia that will actively manage electrical consumption and supply in selected buildings throughout the capital of the Valle de Cauca. After a successful initial...
Posted On August 11, 2015
, By Loren Moss
Carlos Rodriguez Angulo and Adolfo Urdaneta of Arthur J. Gallagher Colombia
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Arthur J. Gallagher Expands Colombia Presence; Signals Intent to Purchase Guianza

The international division of Arthur J. Gallagher & Co. (NYSE: AJG) has announced that it has signed an agreement to acquire a controlling stake in the Colombian retail insurance broker Guianza S.A. Corredores de Seguros (Guianza), subject to regulatory approval. The...
Posted On August 11, 2015
, By Loren Moss
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Colombian Oil & Gas Congress To Be Held August 26-28 In Corferias, Bogotá

The Colombian Oil & Gas Congress, organized annually by ACIPET (Acronym in Spanish for the Colombian Association of Petroleum Engineers) and Corferias, is the principal petroleum industry event held in Colombia, and billed by its organizers as the fourth most important in...
Posted On July 31, 2015
, By Loren Moss
Epson Ecotank L555 SOHO Inkjet Printer
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Epson Demonstrates Cartridge-Free Printers In Bogotá By Offering Free Photograph Printing To Public

Epson is promoting its new line of cartridge free inkjet printers designed for SOHO (Small Or Home-Office) environments by offering free prints of photographs or documents to the public at certain locations throughout Bogotá. The “Ecotank” system is built into a line of printers...
Posted On July 31, 2015
, By Loren Moss
Cardenas at the Bloomberg Colombia Summit (Photo credit Emilio Aparicio - MHCP)
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Cardenas: ‘Intelligent Austerity’ Is Colombian Government’s Policy Going Forward

Colombia’s Finance Ministry (Minhacienda) head Mauricio Cardenas said Tuesday at Bogotá’s Bloomberg Conference that the government will propose a national budget of “Intelligent Austerity”—belt tightening in public sector spending, and supporting private sector growth into a...
Posted On July 31, 2015
, By Loren Moss
The Bolette Dolphin drilling ship at the Kronos -1 site in the Colombian Caribbean Sea, Southwest of Cartagena
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Ecopetrol & Anadarko Strike Oil Off Colombia’s Atlantic Coast, Almost 4km Deep

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) has issued a statement indicating that, along with partner Anadarko, it has verified the presence of hydrocarbon resources at the ultra-deepwater depth of 3720 meters, via its Kronos-1 well in the Fuerte Sur block. This...
Posted On July 31, 2015
, By Loren Moss
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ID Global Solutions Purchases Colombia’s MultiPay SAS – CEO Thomas Szoke Talks Strategy

Soon after closing a round of convertible debenture financing, Longwood, Florida based ID Global Solutions Corporation has announced its purchase of Bogotá’s MultiPay S.A.S.via a stock swap.  MultiPay is a payment gateway and IT services provider that offers transactional...
Posted On July 31, 2015
, By Loren Moss
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Copa Retains Top Spot In Colombia With 93% On Time Performance

Copa Airlines (NYSE: CPA), has held onto its position as the top airline in on-time performance and flight completion in Colombia during first half of 2015, according to aviation research and data collection firm FlightStats. Copa completed the first six months of the year with...
Posted On July 27, 2015
, By Loren Moss
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Radisson Blu Opening New Hotels In Santa Marta & San Andres

According to an announcement made at the Global Business Travel Association Convention on Sunday,  Carlson Rezidor Hotel Group is building two new Radisson Blu hotels in Colombia, making this the Radisson Blu brand’s first foray into Latin America, along with its renovation of...
Posted On July 27, 2015
, By Loren Moss
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Medellín’s Parques del Rio Project Seeks To Transform Urban Civic Life – 1st Phase On Track For January Completion

In 1941, the artist Pedro Nel Gómez, followed by the architect Juan Wolff in 1942, floated initiatives to make the Medellin river the center for life and development in Colombia’s second largest city. Nothing much happened until urban planners Carlos Julio Calle and Luis Fernando...
Posted On July 26, 2015
, By Loren Moss
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US Filter Manufacturer Donaldson Buys Bucaramanga’s Partmo

MINNEAPOLIS–(BUSINESS WIRE)—Wisconsin based vehicular filter maker Donaldson Company, Inc. (NYSE:DCI), has announced this month the agreement to acquire 100% of Industrias Partmo S.A. Partmo, a $15 million (USD annual revenues) manufacturer of replacement air, lube and fuel...
Posted On July 26, 2015
, By Loren Moss
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Medellín’s “Feria de las Flores” Flower Festival Returns This Weekend

Business travelers to Colombia in the coming weeks would be unwise not to make time for this year’s Feria de las Flores (Flower Fair) taking place in Medellin. Colombia is one of the world’s top flower producers, and Medellin’s Antioquia region is a flower production epicenter....
Posted On July 26, 2015
, By Loren Moss
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Copper Cable Thefts On The Rise, Affecting Ecopetrol Operations

The terrorist actions in recent months against the infrastructure of Ecopetrol, has been compounded by another recent menace: theft of copper cables that supply electrical power to oil wells. So far in 2015, Ecopetrol has reported 393 thefts of copper wire in three production...
Posted On July 26, 2015
, By Loren Moss
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Guest Column: Mobile Applications For The Bank Of The Future

The notion of mobility has become, nowadays, an important factor in people’s personal and professional life. Because of this, companies are increasingly investing in mobile solutions that increase productivity, effectiveness and rapidity in both corporate processes and the...
Posted On July 26, 2015
, By Tannia Alanis
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Why Colombia Is Home To Latin America’s Most Important Motorcycle Industry Event

In some countries, motorcycles are a luxury and a pastime. However in other countries, such as Colombia, they are basic transportation for millions. Cold or hot, rain or shine, motorcycles are on the road in Colombia 24 hours, 7 days a week, 365 days a year. Latin America’s most...
Posted On July 23, 2015
, By Loren Moss
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Grand Tierra Energy Files For Share Buyback

CALGARY, July 22, 2015 – PRNewswire – Gran Tierra Energy Inc.  (NYSE MKT: GTE, TSX: GTE), today announces that it intends to implement a normal course issuer bid through the Toronto Stock Exchange (“TSX”) and the NYSE MKT. Pursuant to the bid and subject...
Posted On July 22, 2015
, By Loren Moss
avianca colombia bogota el dorado rut los angeles
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In June, Avianca Carried 2,336,139 passengers: 10.2% More Than Same Period 2014

In June, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) 2,336,139 passengers, up 10.2% compared to June 2014. Capacity, measured in ASKs (available seat kilometers), increased 7.7%, while passenger traffic, measured in RPKs (revenue passenger...
Posted On July 22, 2015
, By Loren Moss
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ETB Appoints Credicorp Capital As Market Maker For The BVC

Bogota, July 14, 2015 – ETB, Bogotá’s telecommunications company, has named Credicorp Capital Colombia, S.A. to serve as a market maker in the BVC (Bolsa de Valores de Colombia), Colombia’s primary stock exchange. ETB, seeks to make its shares more liquid and attractive to...
Posted On July 21, 2015
, By Loren Moss
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Statement: Fitch Issues Financial Strength Ratings Reviews Of Top Colombian Banks

Fitch Ratings-New York-21 July 2015: Fitch Ratings has completed its review of Colombia’s five largest banks and their related entities. As a result of the review, the ratings for Bancolombia and Banco Davivienda have been upgraded and the ratings for Banco de Bogota, BBVA...
Posted On July 21, 2015
, By Loren Moss
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Arthur J. Gallagher Takes 65% Stake In Colombia’s ARM Re

London, 20 July 2015: Arthur J. Gallagher  (NYSE: AJG) has extended its investment in Latin America by taking a 65% stake in independent Colombian energy and construction specialist ARM Re Ltda. (ARM). Specific terms and pricing of the transaction were not disclosed. Established...
Posted On July 21, 2015
, By Loren Moss
Lloyds of London Image
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Lloyd’s Opening Representative Office In Bogotá, Appoints Realphe As Colombia Head

London based global specialty insurance and reinsurance market Lloyd’s, announced last week that it has received approval from the Colombia’s financial regulatory authority Superfinanciera to open a representative office in Bogotá.  Under the new Lloyd’s representative...
Posted On July 19, 2015
, By Loren Moss
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Axon Partners Group’s Amerigo Ventures Pacifico Fund Takes Stake In Digital Media Provider Enmedio

Colombian digital signage company Enmedio has received a funding round of up to $4 million USD in the next 24 months by Madrid-based Axon Partners Group. Enmedio uses digital screens placed in public and private locations to display advertisements, news, information and...
Posted On July 19, 2015
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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BREAKING NEWS: Ecopetrol Chairman Gonzalo Restrepo Lopez Resigns

BOGOTA, Colombia, July 19, 2015 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) hereby reports that, at the Board of Directors’ meeting on Friday, July 17, 2015, the Board of Directors decided as follows: To accept the resignation of Mr. Gonzalo...
Posted On July 19, 2015
, By Loren Moss
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US Based Insurer W.R. Berkley Launches Berkley International Seguros Colombia S.A.

GREENWICH, Conn.–(BUSINESS WIRE)–W. R. Berkley Corporation (NYSE:WRB) today announced the formation of Berkley International Seguros Colombia S.A. to provide a full range of commercial insurance products, including construction all risk, surety, general liability,...
Posted On July 19, 2015
, By Loren Moss
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Barranquilla’s Technoglass Files For Warrant Exchange Tender

Barranquilla based Technoglass (NASDAQ: TGLS) has filed with the SEC a form S-4 proposing to exchange outstanding warrants for ordinary shares. Under the offer, each warrant holder will be able to receive one share in exchange for every 2.6 outstanding warrants. Upon approval,...
Posted On July 19, 2015
, By Loren Moss
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Fitch Withdraws All Ratings For Banco GNB Sudameris

Fitch Ratings has announced that is has withdrawn all of the ratings that it has issued for Banco GNB Sudameris S.A. The Issuer Default Ratings (IDRs) and senior debt ratings have been withdrawn because Banco GNB Sudameris has chosen to stop participating in the rating process....
Posted On July 19, 2015
, By Loren Moss
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Survey Findings: Colombians Still Somewhat Wary Of ATM Transactions

Colombians view transactions made through ATMs as more vulnerable to cyberattack than other options like phone banking, credit cards, mobile device payments, and online payments made by computers, according to the results of the Unisys Security Insights survey. When asked to...
Posted On July 19, 2015
, By Loren Moss
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A Candid Conversation With Bogotá’s Libertarian Candidate For Mayor

The electoral campaigns are heating up in Bogotá, Colombia’s capital. Finance Colombia endeavors to speak with every serious candidate willing to offer us their time. This year, we were able to sit down first with Bogotá’s Libertarian candidate, Daniel Raisbeck. The Libertarian...
Posted On July 14, 2015
, By Loren Moss
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More Americans Soon To Savor Colombia’s Uchuvas, a.k.a. Cape Gooseberries

Colombia will now be able to export fresh uchuvas, known in English as cape gooseberries, or alternatively, goldenberries with no quarantine restrictions after the Ambassador of Colombia to the United States Luis Carlos Villegas and U.S. Under Secretary of Agriculture Edward...
Posted On July 13, 2015
, By Loren Moss
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Baker & McKenzie: Merger & Acquisition Activity To Increase Through 2018

A recent study by Baker & McKenzie looking at cross border M&A activity indicates that such deals should continue to increase over the next three years. According to the study, after a long and stuttering recovery from the 2008 global financial crisis, transactional...
Posted On July 13, 2015
, By Loren Moss
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Endeavor Colombia Partners With Medellin’s Ruta N To Promote Paisa Entrepreneurship

Endeavor Colombia has launched its regional operations in Medellín along with the city’s flagship business incubator, Ruta N. Endeavor Colombia, a nonprofit organization promoting high impact entrepreneurship, hopes to compliment Ruta N’s business incubation ecosystem and...
Posted On July 13, 2015
, By Loren Moss
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Cencosud Selects Unisys For 5-Year IT Help Desk Outsourcing Deal

South American retailer Cencosud has selected Unisys Corporation (NYSE: UIS) to offer IT help desk services to internal users in Colombia, Chile, Perú, Brasil, and Argentina. The five year deal represents the first time that Cencosud has signed such a deal with a technology...
Posted On July 13, 2015
, By Loren Moss
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Advent International Buys 30% Stake in Avianca’s LifeMiles Loyalty Program

Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH), the parent company for Colombia’s flagship airline, and private equity firm Advent International, today announced that they have inked a deal in which Advent will acquire a 30% of the shares of LifeMiles B.V, the subsidiary of...
Posted On July 13, 2015
, By Loren Moss
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CPGroup Latin America Search Firm Forms Alliance With The Caldwell Partners International

Toronto based executive search firm The Caldwell Partners International Inc. (TSX: CWL) today announced a significant expansion into Latin America by forming a strategic alliance with CPGroup Latam Ltd., a company founded by the partners that established and led the Latin...
Posted On July 13, 2015
, By Loren Moss
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Bancolombia First To Offer Visa Checkout

From July 6, Bancolombia’s customers are now able to use the Visa Checkout online service with any of their Bancolombia charge cards, not just Visa. Visa Checkout is employed by over 100,000 online merchants globally so far, and this further enables Bancolombia customers to make...
Posted On July 13, 2015
, By Loren Moss
Oil Pump Courtesy Kobiecanka - Pixabay
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Pacific Rubiales Acquisition is Dead: ALFA and Harbour Request Termination of Agreement

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that, at the request of ALFA, S.A.B. de C.V and Harbour Energy Ltd. it has terminated the arrangement agreement for a takeover of Pacific Rubiales that was agreed to on May 20, 2015. The purchase price of $6.50...
Posted On July 8, 2015
, By Loren Moss
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Guest Analysis: Both Investors and patients Flocking to Colombia’s Clinics and Hospitals

Surgery sounded like it was going cost Edward Janssen an arm and a leg. Even though he had medical insurance, his deductible created out-of-pocket expenses that would force the 58-year-old construction worker from Kansas to go to great pains to come up with the $80,000 to pay for...
Posted On July 8, 2015
, By Renée-Marie Stephano, JD
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Aerocivil Awards Air Traffic Control Modernization Contract To Rohde & Schwarz

Aerocivil, the Colombian Civil Aeronautics Special Administrative Unit (UAEAC) has awarded Rohde & Schwarz a contract to modernize the country’s civilian air traffic control (ATC) system over the coming months with a target completion date of February 2016. The...
Posted On June 29, 2015
, By Loren Moss
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Cúcuta Receives Its First Holiday Inn Hotel

Global hotel operator InterContinental Hotels Group (IHG), has announced the opening of the Holiday Inn Cúcuta hotel. The newly constructed, 98-room hotel is IHG’s first property in the city of Cúcuta and the fourth Holiday Inn hotel in Colombia. Amenities at the Holiday In...
Posted On June 29, 2015
, By Loren Moss
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Op/Ed: Three Reasons for CIOs to Love Their Bank’s Shadow IT

There’s no doubt that shadow IT, the term used to describe the systems and solutions for Information Technology that are installed and used in organizations without the explicit authorization of the company, poses a real and urgent risk to banks. But shadow IT can also be a boon...
Posted On June 29, 2015
, By Fernando Gómez
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Medellín To Host 1st Latin America / Caribbean SME Financing Innovation Forum

Although small and medium-sized enterprises (SME) are the main driving force behind the economy of Latin America and the Caribbean, their main barrier to growth is a lack of access to resources. The financing gap for SMEs in the region is estimated at between $210 billion and...
Posted On June 28, 2015
, By Loren Moss
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Everest Group Expert Analysis: Colombia To Lead The Next Wave Of Global In-House Centers (GICs)

Global consulting and research firm Everest Group recently released its Global In-house Center (GIC) Landscape Annual Report 2015, in which it reported that the global services market reached US$150 billion in 2014 and GIC model contributed to 25 percent (US$35-40 billion) of...
Posted On June 28, 2015
, By Anurag Srivastava
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Table Trac Signs Significant Casino IT Deal With Colombian Operators

Table Trac, Inc. (OTCQB: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced this month that it will be providing its CasinoTrac Casino Management System to new multiple site gaming operators...
Posted On June 28, 2015
, By Loren Moss
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Ecopetrol Reports Advances In Managing Tumaco Spill

Colombian petroleum producer Ecopetrol has announced today that it has made significant strides in containing the oil spill caused June 22 by the FARC terrorists in Tumaco, thanks in large part to multilateral support from Colombia’s armed forces and national police. Barriers...
Posted On June 28, 2015
, By Loren Moss
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Gran Colombia Gold Elects Board Of Five Directors, KPMG As Auditor

Gran Colombia Gold Corp.’s (TSX: GCM, OTC: TPRFF) Annual Meeting of Shareholders was held on Friday June 26, 2015. The board of directors was set at five members, the board was elected, and KPMG was appointed as auditor. Item No. Description of matter Outcome of vote Voted...
Posted On June 28, 2015
, By Loren Moss
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Statement: Alfa and Harbour Energy Comment on Pacific Rubiales Tender – Say They Won’t Budge A Single Peso

ALFA, S.A.B. de C.V. (“ALFA”) and Harbour Energy Ltd. (“Harbour Energy”) today commented on their proposed acquisition of Pacific Rubiales Energy Corp. (TSX – PRE) (BVC – PREC) (“Pacific Rubiales” or the “Company”). This is a...
Posted On June 28, 2015
, By Loren Moss
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Medellin’s Hipercept Named Americas Channel Partner For Taliance

Hipercept, a global provider of strategy, technology and operations services to the alternative assets industry, has announced that it has been selected by Taliance to serve as its channel partner for North and South America. Taliance’s real estate software solution suite,...
Posted On June 28, 2015
, By Loren Moss
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Gran Tierra Announces Increase in Capital Program, Focus on Colombia

Gran Tierra Energy Inc.  (NYSE MKT: GTE, TSX: GTE), Calgary, Canada based company focused on oil exploration and production in South America, announced last week, an increased 2015 capital program intended to provide accelerated development drilling at the Company’s core...
Posted On June 28, 2015
, By Loren Moss
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Aerocivil Implements New Airline Passenger Service Rules, Increases Penalties & Sanctions

Aerocivil, Colombia’s civil aviation administration has implemented new rules designed to benefit air passengers in Colombia by increasing penalties on air carriers for deficiencies, streamlining the procedures for filing complaints and claims, monitoring and verification audits...
Posted On June 28, 2015
, By Loren Moss
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Bogotá Launches a New Version Of Its Specialized App For Foreign Investors, Entrepreneurs

The city of Bogota has launched a new version of its specialized application for foreign investors seeking business opportunities in the city’s priority sectors: services sector (IT services, BPO and shared services, creative industries, business services and consulting,...
Posted On June 28, 2015
, By Loren Moss
scania articulated bus courtesy Scania CV AB
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Cartagena Awards Transcaribe Natural Gas Powered Bus Contract To Scania

SÖDERTÄLJE, Sweden – The Colombian Atlantic Coast city of Cartagena has selected Scania  (STO:SCVA) (STO:SCVB) as the exclusive provider for two trunk lines for the city’s brand new Bus Rapid Transport (BRT) system, called Transcaribe. Scania will provide 147 Euro 6 emissions...
Posted On June 28, 2015
, By Loren Moss
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