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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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Fitch: Banco Agromercantil de Guatemala Acquisition Should Have No Impact on Bancolombia’s Creditworthiness

On Sept. 11, 2015, Bancolombia announced an agreement to acquire an additional 20% stake in Banco Agromercantil de Guatemala which would bring the bank’s share of Banco Agromercantil de Guatemala’s equity to 60%. Once the transaction is approved by regulators in both...
Posted On November 9, 2015
, By Loren Moss
colombian peso
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Credivalores Closes Syndicated Loan For COP $270 Billion (US $ 93 Million)

Credivalores-Crediservicios SAS, a large consumer lender in Colombia, announced on October 13 the successful closing of a COP $ 270,000 million ($93 million USD) syndicated structured loan with a tenor of 60 months and a revolving availability period of 3 years. This new facility...
Posted On November 9, 2015
, By Loren Moss
Epson textile printers
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TechnoMultimedia InfoComm Electronic Expo Held This Week In Bogotá

This week, Corferias, Bogotá’s flagship convention facility, is host to TecnoMultimedia InfoComm Colombia; Colombia’s combined electronics and multimedia trade show. The event combines academic courses from InfoComm International along with the CEDIA (Custom Electronic Design...
Posted On November 9, 2015
, By Loren Moss
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Move Over Vistaprint, Colombian Online Printing Provider ‘Printu.co’ Launches In Bogotá

Online printing services provider Printu.co launched last month in Colombia, an website providing printing services via an online ordering model geared towards small and medium sized businesses. Based in Bogotá, the site, run by sibling entrepreneurs Julián Montejo and Adriana...
Posted On November 9, 2015
, By Loren Moss
Gifliola Aycardi, Nicolas Loaiza, bodytech
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Gala Fetes 2015 Endeavor Colombian Entrepreneurship Award Winners

The Country Club of Bogota was the host for the Second Endeavor Colombia Gala on the 28th of October, bringing together 200 business leaders dedicated to promoting social development by leveraging the the high impact of entrepreneurship. In addition to the business leaders...
Posted On November 9, 2015
, By Loren Moss
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Corferias To Host Expodefensa 2015, Military, Police & Security Trade Show November 30-December 2

Colombia’s defense ministry, Coges International, and Corferias – Bogotá’s primary convention venue, are holding the 5th edition of Expodefensa, an event showcasing security and defense industry innovation and technology for Latin America.  The international event serves as a...
Posted On November 9, 2015
, By Loren Moss
bancolombia
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Bancolombia Analysis: Central Bank Responds to Inflationary Challenges with a 50 Basis Point Rate Hike

At its October meeting, the Board of the Central Bank decided by majority to give a 50-bp hike to the repo rate to 5.25%. This adjustment was above our expectation and market consensus, which aimed at a 25-bp increase. In addition, the Bank reactivated auctions of FX call options...
Posted On November 4, 2015
, By Loren Moss
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Fitch: El Nino Testing Colombia Electricity Regulatory Framework

Fitch Ratings-New York-29 October 2015: The weather phenomenon known as El Nino, which causes lower water precipitation in Colombia, is currently putting the country’s electricity regulatory framework to the test, according to Fitch Ratings. A drought that could last until...
Posted On October 30, 2015
, By Loren Moss
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Data & Cloud Services Provider Rackspace Arrives In Colombia, Allies With Praxis

Market leader Rackspace (NYSE: RAX) has announced its formal entry into the Colombian market, after first establishing a Latin American beachhead in México City in 2014. The hosting provider has had a presence in Latin America for a decade, offering managed hosting from its San...
Posted On October 23, 2015
, By Loren Moss
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Bogotá ICANN Forum Underscores Internet Developments, Reveals Fundamental Changes Coming. Avianca First To Adopt gTLD

The Internet Corporation For assigned Names and Numbers (ICANN) has concluded its inaugural forum on September 28 in Bogotá, held to address topics related to the Domain Name System, internet infrastructure, and the new gTLD program. The LAC-i-Roadshow is part of the regional...
Posted On October 23, 2015
, By Loren Moss
Multibank Colombia President Maria Mercedes Machado
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Bogotá’s Multibank Launches Online Transactional Banking Capability

Multibank, the Colombian bank owned by Panama based Multibank, Inc. has recently released its online banking platform across its various customer segments. The primary phase of the online banking release allows customers to verify balances and make some payments. The second...
Posted On October 18, 2015
, By Loren Moss
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Wyndham Hotels Launches Loyalty Program in Colombia

Wyndham Hotel Group has launched this month the Wyndham Rewards loyalty program at an event taking place in the Hotel Wyndham Art, near Bogotá’s El Dorado International Airport. The event, which featured Colombian PGA golfer Camilo Villegas, revealed the Wyndham rewards program...
Posted On October 18, 2015
, By Loren Moss
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Spanish CRM Software Firm Selects Bogotá As LatAm Headquarters

CRM (Customer Relationship Management) software company ForceManager has opened a Bogotá Colombia office to serve Colombia and the Andes market, after over a year of preparation. ForceManager already has clients in 22 countries and the software works in five languages: English,...
Posted On October 18, 2015
, By Loren Moss
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Ágora Bogotá Convention Center To Open In 2017, Major Events Already Booked

Already under construction, the Ágora Bogotá International Convention Center is slated to open the first trimester of 2017, and has already booked significant events such as the World Neurosurgery Congress in 2021, and the One Young World youth event. The new convention center...
Posted On October 18, 2015
, By Loren Moss
Paypal is pulling out of Colombia
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Breaking News – Paypal Returns To Colombia Via Exclusive Davivienda Alliance

Less than a month after announcing that it was suspending domestic activity in the Colombian market, Finance Colombia has learned that Paypal and Davivienda, a major Colombian bank, plan to announce an alliance this week that makes Davivienda the exclusive banking channel for...
Posted On October 10, 2015
, By Loren Moss
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5th Annual National Coffee Tasting Championship Comes To Bogotá October 15-18

The 5th National Championship of Coffee Tasters (V Campeonato Nacional de Catadores) will be held in the ExpoEspeciales Café de Colombia taking place in Bogotá’s Corferias Convention Center from October 15-18. The event is held to select the coffee taster that demonstrates speed,...
Posted On October 4, 2015
, By Loren Moss
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Unisys Announces Regional Restructuring, Carlos Ferrer To Head Financial Services, Fernando Schaeffer To Head Sales

Global IT services firm Unisys has announced a vertical realignment of its LACSA region (Latin America, Central, South & Andean), naming current Vice President and General Manager Carlos Ferrer (above) as the head of the region’s financial services practice. Unisys counts...
Posted On October 4, 2015
, By Loren Moss
Ku Antenna courtesy Pix1861 - Pixabay
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Interview: Colombia’s Skynet Bringing Broadband Internet Trunking To Leticia, Amazonas via O3b Mid Earth Orbit Satellites

Colombian wholesale Internet Service Provider (ISP) Skynet is using the O3b Satellites to provide connectivity in and around the city of Leticia, the capital city of the Amazonas Department in Colombia. Skynet will provide broadband trunking services to Mobile Network Operators...
Posted On September 24, 2015
, By Loren Moss
Colombian President Juan Manuel Santos (right) welcomes US Secretary of State John Kerry to Colombia
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Breaking News: Statement by US Secretary of State John Kerry On Developments In Colombia’s Peace Process

STATEMENT BY SECRETARY KERRY Colombia Peace Process I am very pleased to see that the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) have reached major breakthroughs on the outstanding issues in the peace process negotiations:  transitional justice,...
Posted On September 23, 2015
, By Loren Moss
Richard Cajiao, Cosmos Group, and Juan Corvinos, Hilton Worldwide, sign agreement to open two DoubleTree by Hilton hotels in Bogota, Colombia. (Photo: Business Wire)
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2 Bogotá Cosmos Hotels To Become DoubleTree by Hilton

Hilton Worldwide (NYSE: HLT) has announced the signing of two franchise agreements to convert two Cosmos hotels in Bogotá into DoubleTree by Hilton properties, bringing the brand into Colombia for the first time. DoubleTree by Hilton Bogotá Parque 93 and DoubleTree by Hilton...
Posted On September 23, 2015
, By Loren Moss
International Journalists at the 2015 Feria de 2 Ruedas in Medellin, Colombia
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Internships Now Available at Finance Colombia

Due to continued interest, Finance Colombia is now accepting applications for a very limited number of unpaid internships in Colombia with 3 & 6 month durations from graduate students in Journalism, Communications, Finance, Economics, International Relations, or synonymous...
Posted On September 23, 2015
, By Loren Moss
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Atento Opens 3rd Contact Center in Pereira, Risaralda; 8th in Colombia

Contact center outsourcing firm Atento S.A. (NYSE: ATTO) has opened a new contact center for customer service in Pereira, Risaralda, Finance Colombia has learned. This makes Atento’s third center in Pereira, and eighth center in Colombia. The center in Tres Nevados-Pereira will...
Posted On September 23, 2015
, By Loren Moss
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Colombia Among Andean Nations Receiving SES-10 Satellite Training In Betzdorf, Luxembourg

Satellite operator SES (NYSE Paris:SESG) (LuxX:SESG), announced today the kickoff of annual training for the Andean Community as part of the company’s stated goal of providing worldwide training to broadcast communities in regions of the world where SES operates. SES-10 is a new...
Posted On September 22, 2015
, By Loren Moss
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Grupo Aval, Along With Yellow Pepper & Credibanco, Introduces Aval Pay Digital Wallet

Visa users within Grupo Aval’s Banks: Banco Occidente, Banco de Bogotá, Banco AV Villas, and Banco Popular and have an Android or iOS smartphone will be the first to Access Aval Pay, a new digital wallet in Colombia. The platform was developed using technology by Yellow Pepper,...
Posted On September 21, 2015
, By Loren Moss
Drones like this may not be used by civilians in Colombia.
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Colombia Issues Strict Regulations For Drone Usage

Colombia’s civil aviation authority has released Circular 002, published in Official Diary #49.624 that sets out the regulations for operating drones, known formally as Aeronaves Pilotadas a Distancia (Airships Piloted from a Distance) within Colombian airspace. Primary...
Posted On September 21, 2015
, By Loren Moss
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The United States Remains Top Travel Destination For Colombians – And Top Source of Visitors

According to ANATO, the Colombian Association of Travel Agencies and Tourism, the US continues to be the top international travel destination for Colombians, a position it has held for almost a decade. The most popular travel packages are trips to Orlando and New York Cit...
Posted On September 21, 2015
, By Loren Moss
Paypal is pulling out of Colombia
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Here’s Why PayPal Is ‘Leaving’ Colombia: Exclusive Interview

PayPal, the global electronic payments system that was purchased, then spun out of internet auction platform eBay, recently announced that it is pulling out of Colombia, at least for domestic payments. The company, that allows individuals and businesses to send money to each...
Posted On September 21, 2015
, By Loren Moss
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Baker & McKenzie Feted As Top Tax Lawyers In Colombia

Last week in New York City during the International Tax Review award event for The Americas honoring top tax lawyers, auditors and accountants, the international law firm Baker & McKenzie won several awards categories including Tax Firm Of The Year for Colombia, Tax Firm Of...
Posted On September 21, 2015
, By Loren Moss
volcanic eruption photo courtesy of Wikilmages - Pixabay
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$44 Billion USD Economic Risk In Bogotá And Medellín; $20 Billion Due To Human Factors, Says Lloyd’s

Not counting the rest of Colombia, Bogotá and Medellín alone face a total of $43.97 billion USD of risk over the next decade, according to analysis by Lloyd’s of London. Human created risks, such as terrorism, cyber attacks, or market collapse make up 45% of the measured risk....
Posted On September 21, 2015
, By Loren Moss
Colombia leads major LatAm economies in mobile churn
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Colombia Leads Large Latin American Economies For Mobile Churn

In the last 12 months, just 20 percent of cell phone users in Colombia have changed their provider, followed by 19 percent in Brazil and Mexico, 17 percent in Chile and Peru, and just nine percent in Argentina. Across Latin American countries, only 20 percent or less of cell...
Posted On September 21, 2015
, By Loren Moss
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Suramericana To Make $674 Million USD Acquisition Of RSA Insurance Group’s Latam Assets

Medellín based Grupo SURA´s insurance and risk management subsidiary, Suramericana S.A., has announced that it has reached a definite agreement to acquire RSA Insurance Group PLC´s operations in Latin America, for a total of £403 million British pounds, representing COP 1.91...
Posted On September 14, 2015
, By Loren Moss
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Kuepa Buys Bogotá Based First Class English, Raises Additional $3 Million USD To Fuel Latam Growth

Online learning and workforce development firm Kuepa.com has grown its Colombian presence by taking a majority stake in Colombian language school First Class English, which provides educational programs, test preparation, and exams for the corporate market in Colombia. First...
Posted On September 14, 2015
, By Loren Moss
Toronto from Lake Ontario - courtesy Pixabay
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ProColombia, MinTIC TO Hold “Colombia Bring IT On” Business Event in Toronto In October

ProColombia and the Colombian Ministry of Information Technologies and Communications will host the first technology focused Business Matchmaking forum to pair roughly 70 Colombian companies with an expected 150 to 200 Canadian and US buyers and investors October 28 and 29, 2015...
Posted On September 14, 2015
, By Loren Moss
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President’s Forum Unites Key Colombian Business Leaders for 3rd Annual Leadership Encounter

Bogotá’s Club El Nogal will be the host of the 3rd annual Leadership Encounter sponsored by the Colombian Presidents’ Forum, named “Leaders that inspire actions of change.”  The event, September 30 from 7am to 1pm, seeks to bring together the most successful professionals and...
Posted On September 14, 2015
, By Loren Moss
Jacana oilfield chachalaca 1 caribbean graphic
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GeoPark Strikes Oil At 12,270 Foot Depth Off Colombia’s Caribbean Coast

Latin American oil and gas explorer GeoPark Limited (NYSE: GPRK), with current operations in Chile, Colombia, Brasil, and Argentina, has announced a new oil field discovery following the drilling of the Chachalaca 1 exploration well, located on the Llanos 34 Block in Colombia,...
Posted On September 14, 2015
, By Loren Moss
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High Level US Trade Delegation Arrives In Colombia This Week

Beginning Wednesday, September 16th and 17th, 20 US companies will be visiting Colombia, accompanied by the US Chamber of Commerce and the US State Department. The delegation will be meeting with top Colombian government representatives to discuss different topics relevant to...
Posted On September 14, 2015
, By Loren Moss
Exento Extento, Exencion,Aeronautica Civil, Aerocivil, Tax Stamp
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International Visitors No Longer Have To Stand In Line For Tax Stamp When Departing From Colombia’s Airports

Up until now, International visitors, and Colombians in certain circumstances, have had to go to a counter and get a tax exemption stamp known as an “exento” when departing Colombia. This exempts them from a modest departure tax, but creates an unnecessary hassle, and another...
Posted On September 14, 2015
, By Loren Moss
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Pacific Exploration & Production Subsidiary Debuts Puerto Bahia Cargo Port in Cartagena

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, has announced the start of operations of Puerto Bahía port facilities in Cartagena, Colombia. The multimodal terminal officially started liquid and general bulk transport...
Posted On September 13, 2015
, By Loren Moss
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Ecopetrol & Cenit Increase Petroleum Storage Capacity By 820,000 Barrels At Coveñas Maritime Terminal

State owned petroleum company Ecopetrol and its subsidiary Cenit has commenced operation of two new hydrocarbon storage tanks in the Coveñas maritime terminal, Colombia’s primary petroleum shipping port. The two new tanks, each with capacity of 420,000 barrels, are part of a...
Posted On September 13, 2015
, By Loren Moss
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Exclusive Interview: The US Commercial Service Is A Vital Link In The Value Chain Connecting The US & Colombian Economies

Three years after the Free Trade Agreement was ratified and put into effect between the US and Colombia, both sides are already seeing tangible benefits. Vital in managing the trade relations between the two countries, the US Commercial Service works out of the United States...
Posted On August 31, 2015
, By Loren Moss
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First Look: Epson’s Ecotank Small Office Printers Aim To Rewrite The SOHO Inkjet Equation

By now, most of us are aware of the ‘game’ played by printer manufacturers:  Offer an inkjet or small-office laser printer at a price lower than the cost of manufacturing, then make significant profits on the exorbitantly priced printer cartridges, known as “consumables” by...
Posted On August 31, 2015
, By Loren Moss
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6 Months After Licensure, Banco Multibank Achieves AA/F1+ By Fitch Ratings

After operating for over 20 years as Macrofinanciera S.A. Compañia de Financiamiento, and six months after receiving a Colombian banking license, Banco Multibank S.A. has been rated AA for long term risk by Fitch Ratings, and F1+ for short term risk. The ratings reflect the...
Posted On August 30, 2015
, By Loren Moss
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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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