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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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Posted On February 16, 2015
, By Loren Moss
Pictured, from left to right: Gabriel Vallejo, Minister of Environment and Sustainable Development, Diego Molano Vega, Minister of Information and Communications Technologies, Nancy Patricia Gutiérrez, President Asomovil, Sergio González Guzmán, CEO Asomovil, Sebastian Cabello, Head of GSMA Latin America GSMA, Ariel Ponton, CEO Movistar, Santiago Pardo, VP Regulation for Claro, Marcelo Cataldo, VP Unidad Movil, Tigo – Photo courtesy GSMA
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Mobile Phone Industry Launches Customer Experience Initiative With Government, Trade Groups

Colombian mobile operators Claro, Telefónica Movistar and Tigo and trade association Asomóvil, together with the GSMA industry group today announced a series of joint initiatives to enhance mobile users’ experiences throughout the country. These initiatives are supported by the...
Posted On February 12, 2015
, By Loren Moss
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In Time For Valentines Day Flower Shipments, Avianca Adds Temperature Controlled 5th Airbus A-330-F

In line with its plan to expand and strengthen its presence in markets with a high demand in the transport of goods and merchandise, Avianca Cargo has incorporated its fifth Airbus A-330 aircraft exclusively for freight. The addition of this new aircraft allows Avianca Cargo to...
Posted On February 12, 2015
, By Loren Moss
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Colombians Ranked World’s 2nd Most Romantic, Likely To Give Gifts. Chile #1

While Valentine’s Day has become a holiday celebrated in many countries around the world, attitudes about love and the way it gets expressed vary significantly among nationalities. While in Colombia, like much of Latin America, the Dia del Amor, celebrated the third...
Posted On February 12, 2015
, By Loren Moss
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In the Shadow Of The Expedia Orbitz Merger, Colombia’s Undertrail Focuses On A Growing Market

The big travel news across the globe today has been the Expedia Orbitz acquisition, which many analysts say is taking place to compete against Priceline. While the global travel market continues to grow and evolve, there are still many targeted niches, whether that be type of...
Posted On February 12, 2015
, By Loren Moss
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Exclusive Interview: InnoSocial’s Natalia Cortes Discusses Social Entrepreneurship

Colombian Nonprofit Fundacion InnoSocial held their first “International Congress of Personal Branding, Entrepreneurship, & Digital Marketing in Bogotá last month. The event, the first of its kind, was designed to bring together students, business people, aspiring...
Posted On February 9, 2015
, By Loren Moss
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Ohio Based Dayton Superior Expanding Construction Support Operations In Bogotá

Dayton Superior Corporation, an Ohio based international supplier chemicals, devices and accessories to the commercial and industrial cement construction industry, has announced today that the company will expand their operations in Bogota, Colombia. The company will move to...
Posted On February 9, 2015
, By Loren Moss
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FedEx Study: Colombian Consumers Prefer Small Retailers, While Catalogs Drive Online Shopping

A new study commissioned by FedEx and conducted by Forrester Consulting reveals that online shopping has largely taken hold in Colombia, and other Latin American markets. Worldwide, online shopping has exceeded $1 trillion (USD) per year, and is forecast to double again in four...
Posted On February 9, 2015
, By Loren Moss
Oil Pump Courtesy Kobiecanka - Pixabay
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Gran Tierra Reduces 2015 Colombia Capital Budget To $66 Million USD, Slashes Entire Budget By Over Half To Ride Out Low Oil Prices

Gran Tierra announced that it has reduced its capital budget for 2015 to $140 million.  This is a reduction of $170 million from the previously announced budget of $310 million.   The revised budget for operations in Colombia, Peru and Brazil allocates $50 million t...
Posted On February 9, 2015
, By Loren Moss
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Fitch: Colombian Merger & Acquisition Market Expected To Stay Hot

Fitch Ratings announced this week that the US based ratings firm expects that favorable financing conditions and projected GDP growth of 3.5% for 2015 bode well for mergers and acquisitions (M&A) activity in the Colombian corporate sector. ‘Colombia has become a vibrant...
Posted On February 8, 2015
, By Loren Moss
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Business Travel Survey Cites Avianca As Best Airline in South America

Readers of Business Travel Magazine had the opportunity to vote for their favorite products and services, in line with their most efficient, productive and enjoyable travel experiences. The business travelers participating in Best in Business Travel Awards selected the best...
Posted On February 8, 2015
, By Loren Moss
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US Based Travelers Partners With Brazilian J Malucelli To Take Control Of Cardinal Compañía de Seguros

Bogota Based Cardinal Compañia de Seguros has concluded negotiations leading to The Travelers Companies of The United States partnering with Brasil based J Malucelli to  acquire a majority stake in the upstart surety provider. The company will remain in Bogotá but be rebranded as...
Posted On February 8, 2015
, By Loren Moss
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Brazilian Reinsurer Terra Brasis Enters Colombian Market

Superfinanciera, the Colombian regulator of insurance activities, has given Brazilian Reinsurance provider Terra Brasis Re authorization to enter the Colombian insurance market as a foreign reinsurer, as registered in Colombia’s REACOEX, or Registry of Foreign Reinsurers and...
Posted On February 8, 2015
, By Loren Moss
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Latin American Fixed Income Investors Forum To Host Central Bankers, Sovereign Reserve Fund Managers

Global meeting and events organizer Markets Group is gearing up for a one day pan regional meeting hosting leading fixed income investors from throughout Latin America, including pension funds, sovereign reserves, and central bankers. The event is designed to demystify the...
Posted On February 6, 2015
, By Loren Moss
Kevin Whitaker, U.S. Ambassador to Colombia with Ximena Agudelo
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US Ambassador Accepts Invitation By Farm Worker, Visits Rionegro Flower Farm

In January, Ximena Agudelo, a Colombian flower worker at the ‘Flores la Esmeralda’ farm near Medellin, sent a hand-written letter to Kevin Whitaker, the U.S. Ambassador to Colombia, thanking the United States for supporting her country’s flower industry. She...
Posted On February 6, 2015
, By Loren Moss
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Gran Colombia Gold Corp. Funds Upcoming Interest Payment On Unsecured Notes Currently In Default

Gran Colombia Gold, the Canadian based gold and silver mining concern, announced today that it sent US$1,058,062 to the trustee to fund monthly interest payments to be made on February 27, 2015 on its Senior Secured Gold-Linked Notes due 2017 and its Senior Unsecured...
Posted On February 5, 2015
, By Loren Moss
Canacol's Capella Oil Field
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Canacol Energy Ltd. Appoints Francisco Diaz to the Board of Directors

Canacol Energy Ltd.  (TSX:CNE; OTCQX:CNNEF;BVC:CNEC) announced last week, the appointment of Francisco Diaz to the board of directors with immediate effect. Mr. Diaz is currently a Managing Partner of Evolvere Capital, a Private Equity firm that manages variou...
Posted On February 4, 2015
, By Loren Moss
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Avianca Building Major Aviation “MRO” Aviation Maintenance Facility Outside Of Medellín

The Avianca Aeronautical Center is being built adjacent to the José María Córdova International Airport in Rionegro, Colombia, which is the international airport serving Medellín and the surrounding Antioquia department. This is in line with the size of its fleet, which currently...
Posted On February 3, 2015
, By Loren Moss
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Four Seasons Enters Bogotá Hotel Market With 2 Gilinski Group Properties

The Four Seasons Hotels and Resorts, along with regional conglomerate Gilinski Group, today announced new management plans for two hotels in Bogota. Following extensive updates and renovations, the historic Hotel Casa Medina Bogota will re-open as the Four Seasons Hotel Casa...
Posted On February 3, 2015
, By Loren Moss
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Airing Soon, Border Contraband Exposé: La Frontera Mas Caliente: Colombia-Venezuela

Above: Contraband gasoline smuggled into Maicáo, Colombia from Venezuela. Photo Credit: Loren Moss MIAMI, Feb. 3, 2015, (PRNewswire) — The border between Colombia and Venezuela is home to some of the world’s richest oil and gas reserves. But it is also...
Posted On February 3, 2015
, By Loren Moss
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Cencosud Announces Growth Plans For Next 3 Years

Cencosud (NYSE: CNCO), the South American retailer operating the “Jumbo”supermarkets in Colombia and other South American countries, as well as home improvement stores, shopping centers and department stores in Chile, Argentina, Brazil, Peru and Colombia, announced its guidance...
Posted On February 2, 2015
, By Loren Moss
Christian Onetto
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Cisco is Bullish on Colombia

Finance Colombia’s Loren Moss sat down with with Christian Onetto, the general manager of Cisco Colombia, to get his take on why Cisco sees such promise in Colombia. Cisco recently moved to expansive, revamped offices in Bogotá’s Usaquen district, complete with Colombia’s first...
Posted On January 28, 2015
, By Loren Moss
Courtesy Stevepb - Pixabay
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What Colombia’s New Tax Reform Means For You

Through the enactment of Law 1739 of December 23rd, 2014, the Colombian Tax Code was modified and certain mechanisms were created in order to avoid tax evasion. Below are the most relevant issues of the new Tax Reform: WEALTH TAX Taxpayers: Individuals and companies that are...
Posted On January 27, 2015
, By Oscar Jimenez
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Colombian Tax Expert Discusses Forming A Business In Colombia, Tax Ramifications

There are several ways by which a legal entity may be structured under Colombian law, depending upon the circumstances and needs of the foreign investor. In this sense, and even though the following are not the only ways by which a legal entity can be structured in Colombia, they...
Posted On January 27, 2015
, By Oscar Jimenez
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Hampton Inn opening in Bogotá’s Usaquén district

Just north of the upscale Hacienda Santa Barbara shopping mall in Bogotá’s Usaquen area, a new Hampton Inn is under construction, at the corner of Ave. 7 and Calle 119. The new Hampton Inn, a Hilton Worldwide brand, is geared to serve Bogotá’s cosmopolitan north side,...
Posted On January 27, 2015
, By Loren Moss
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IHG Opens Second Holiday Inn Express Hotel In Bogotá

InterContinental Hotels Group (IHG)announced the opening of the Holiday Inn Express Hotel & Suites Bogotá Zona Financiera. The new-build, 99-room hotel is a LEED Gold certified property and is located in Bogotá’s financial district at Carrera 7 N. 67-39. The hotel is part of...
Posted On January 27, 2015
, By Loren Moss
Ford Mustang being loaded for export. Photo courtesy FORD
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Colombian Auto Sales At Record Pace

According to a report jointly produced by the gremios (trade groups) ANDI (National Businessmen’s Association of Colombia), FENALCO (National Federation of Merchants), and the Colombian Automotive Committee, in December 2014 new automobile sales in Colombia surpassed 40,000 units...
Posted On January 26, 2015
, By Loren Moss
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Colombia Implements Registry For Sale Of Gold To Combat Money Laundering, Illicit Mining

Starting January 1, 2015, Colombia’s national mining agency, the ANM (Agencia Nacionál de Minas) has implemented a registry of authorized gold traders within Colombia to combat the widespread illicit and informal gold mining. This registry is designed to combat two problems, the...
Posted On January 25, 2015
, By Loren Moss
Marinilla, Colombia. Photo Credit: Loren Moss
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Minvivienda Announces Interest Rate Subsidies, Programs for Home Buyers, Free Housing

Vipa, Colombia’s primary mortgage interest rate subsidy program, its initials in Spanish standing for Vivienda de Interest Prioritario para Ahorradores, will continue promoting homeownership in 2015 by offering interest rate subsidies on home loans for families earning up to...
Posted On January 25, 2015
, By Loren Moss
Headline Photo courtesy Minvivienda - Credit: René Valenzuela. MVCT
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Colombia’s Maximum Rent Increases Nationally Set At 3.66% For 2015

Minvivienda, Colombia’s ministry of housing announced that maximum rent increases for those residential renters in leases that conform to the official rate when adjusting rents a contract anniversary dates will be limited to 3.66%, a rate equal to the rate of inflation determined...
Posted On January 25, 2015
, By Loren Moss
Couretesy j26jp - Pixabay
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Pacific Rubiales Stock down 90%—Is It a Possible Takeover Target?

The depressed global oil prices have not been kind to Pacific Rubiales, Colombia’s largest independent oil producer. Heavily staffed with refugees from Venezuela’s PDVSA, the company is finding it even more challenging to create shareholder value than its other petroleum sector...
Posted On January 24, 2015
, By Loren Moss
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Understanding Petroleum Production Acronyms, Phrases & Abbreviations

Definitions                                                                                    Bcf Billion cubic feet. Bcfe Billion cubic feet of natural gas equivalent. bbl Barrel of oil. bbl/d Barrel of oil per day. boe Barrel of oil equivalent. Boe’s may be misleading,...
Posted On January 24, 2015
, By Loren Moss
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Gran Colombia Gold to Resume Paying Interest on Senior Debt

Struggling Gran Colombia Gold Corp. (TSX: GCM, OTC: TPRFF) announced today that it has negotiated a favorable contract amendment with the primary contract miner at its Segovia Operations and the company will resume monthly interest payments on February 28, 2015 on its Senior...
Posted On January 24, 2015
, By Loren Moss
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Colombia’s Mining Regulatory Agency Selects Argus Coking Coal Price Assessments

Colombia’s mining regulatory agency, Agencia Nacionál de Mineria (ANM) has started pricing coking coal for royalty calculations using price assessments published by global energy and commodity news and price reporting agency Argus. This expands Colombia’s innovative...
Posted On January 24, 2015
, By Loren Moss
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Neuberger Berman Opens 2nd Latin American Office in Bogotá

Neuberger Berman, a New York based employee-owned investment manager, is pleased to announce the opening of a new office in Bogota, Colombia. The office is located on the 14th floor of Calle 100 #7-33, Tower 1. Bogota is Neuberger Berman’s second location in Latin America,...
Posted On January 24, 2015
, By Loren Moss
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Fitch: Outlook Stable for Colombian Insurance Sector in 2015

Fitch Ratings this week announced a stable outlook for the Colombian insurance industry today. The stable sector outlook reflects Fitch’s expectation that the key credit metrics of the Colombian insurance sector will remain broadly stable and the industry will manage to...
Posted On January 23, 2015
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Fitch Affirms Davivienda at ‘BBB-‘; Revises Outlook to Positive

Davivienda’s Rating Outlook was revised to Positive given Fitch’s expectation that the banks’ financial profile and performance will continue to improve. The bank’s integration of its subsidiaries in Central America (HSBC’s former subsidiaries in...
Posted On January 23, 2015
, By Loren Moss
President Santos in Bogotá's El Dorado International Airport, flanked by 2 airport employees. Photo credit: Efraín Herrera
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Colombia Announces Plans For Airport Expansions, Including Possible 2nd Bogotá Airport

President Juan Manuel Santos announced Wednesday plans to expand the El Dorado International Airport in Bogotá, which seeks to increase the current capacity of 50 operations per hour and 27 million passengers per year, to 90 operations per hour and approximately 40 million...
Posted On January 21, 2015
, By Loren Moss
Mauricio Cardenas, photo courtesy MinHacienda
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Colombia Issues $1.5 Billion (USD) Bonds At Record Low 5% Rate

The bonds, due in 2045, have a 5% coupon, the lowest rate that Colombia has achieved to date. The Ministry of Housing and Public Credit, Minhacienda, completed a successful bond offering today of $1.5 Billion (US), though there was $5 billion worth of demand from 244...
Posted On January 21, 2015
, By Loren Moss
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Fitch Affirms Medellín’s International Credit Ratings, Outlook Stable

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...
Posted On January 20, 2015
, By Loren Moss
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OECD Urges Colombian Tax Reform For Economic Diversification

The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing countries in Latin America, but a comprehensive tax reform that promotes investment and diversifies the economy is now needed to put the country on a path toward...
Posted On January 20, 2015
, By Loren Moss
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Foreign Banks Eyeing Colombia

According to a report by Bloomberg, major global and regional banks, both commercial and investment, are looking to increase their stakes and presence in Colombia. Among them, Brasil’s Itaú is said to be purchasing Chilean Corpbanca SA, which recently purchased the majority...
Posted On January 20, 2015
, By Loren Moss
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Colombia Raises Monthly Minimum Wage To $644,350 (US $270 as of Jan.20) For 2015

Mintrabajo, Colombia’s ministry of labor, announced that the monthly minimum wage throughout the country will be set at $644,350 pesos per month, an increase of 4.6%. The labor minister, Luis Eduardo Garzón, announced that the increase was higher than in previous years, thus...
Posted On January 20, 2015
, By Loren Moss
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Public Servants Receive Low Murtra Service Medal by Colombia’s Office of the Attorney General

According to the Fiscalia General (Federal Prosecutor’s Office) on December 12, 2014, Prosecutor, Pedro David Berdugo Salcedo; CTI investigator, Harold Mauricio Sánchez Hernández, and accountant Over José Ospino González were conferred the Enrique Low Murtra medal in...
Posted On January 17, 2015
, By Loren Moss

Former Colombian Mayor To Be Extradited to USA

According to reports in El Tiempo, the former mayor of Milán, Caquetá is being extradited to the US to face charges for narcotics trafficking. Jhon Eduarth Monje Alvarado has been indicted by a Texas court of belonging to an organized trafficking ring that has moved close to 100...
Posted On January 17, 2015
, By Loren Moss
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Avianca’s First Boeing 787 Route Goes Live, Bogotá to New York City

Friday January 16th at 3:14 p.m., the first Boeing B787-8 of Avianca departed from the El Dorado International Airport in Bogotá en route to New York with 236 passengers and 10 crew. On board this sophisticated aircraft, passengers of route AV 244 will enjoy a more comfortable...
Posted On January 16, 2015
, By Loren Moss
Colombia's President Santos (L) with Facebook CEO Mark Zuckerburg in Casa Nariño, Bogotá
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Facebook’s Mark Zuckerberg Travels To Colombia, Announces Internet.org App

Today, at an event in Bogotá, Colombia, Facebook founder and CEO Mark Zuckerberg and President Juan Manuel Santos announced the availability of Facebook’s Internet.org app for Tigo customers in Colombia. Zuckerberg hosted a live question & answer session ...
Posted On January 14, 2015
, By Loren Moss
Photo credit: Loren Moss
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Colombia’s Inflation Rate For 2014 Rises Significantly to 3.66% Still Beats Neighbors

Photo credit: Loren Moss According to statistics released by DANE (National Department of Statistics), Colombia faced a 2014 inflation rate of 3.66%, an increase of 88% over 2013. The government statistics are important because many charges are set and adjusted annually based on...
Posted On January 12, 2015
, By Loren Moss
One of Avianca new 787s at Medellin's Airport
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Avianca Takes Delivery of 4 Boeing 787-8 Dreamliners. More To Come

In December 2014, and in just 13 days, Avianca received delivery of its first four Boeing 787 Dreamliner aircraft. This signals the end of the first phase of incorporation of the Dreamliners. The remaining aircraft will be incorporated into the fleet between 2015 and 2019....
Posted On January 7, 2015
, By Loren Moss
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Spotlight: Barranquilla Boxing Beauty Is Making It Big In The USA

UPDATE: Patty Alcivar returns to the boxing ring , Friday, March 13, 2015 from 6:00 PM to 10:00 PM in Westbury, NY – Tickets and information here. Gold medalist boxer, Patricia Alcivar was born in Barranquilla, Atlántico, but moved with her parents to the USA when she was...
Posted On January 7, 2015
, By Loren Moss
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Hilton Worldwide Launches Colombia’s First Hilton Garden Inn, Barranquilla, Atlántico

Hilton Worldwide recently opened their 123 room Hilton Garden Inn Barranquilla in Colombia’s most important coastal city. The hotel marks the first of Hilton’s Garden Inn brand in Colombia and is indicative of Hilton’s expansion strategy for Colombia, and Latin America at larg...
Posted On January 7, 2015
, By Loren Moss
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Petroleum Employment Firm Swift Opens Bogotá Office

HOUSTON, Jan. 6, 2015 /PRNewswire/ — Swift Worldwide Resources, the premier supplier of manpower resources to the oil and gas industry, is expanding its global reach by opening three new international branches. These offices bring the total number of Swift locations to 30,...
Posted On January 6, 2015
, By Loren Moss
Photo courtesy lalabell68 - Pixabay
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Ecopetrol Breaks Record at Chichimene Oil Field

According to company reports, government owned Ecopetrol broke a single day production record in it’s Chichimene, Meta oil field, pumping 86,389 barrels of crude oil on January 2nd. A year ago, the field was producing 48,446 barrels per day, so the mature field is now...
Posted On January 6, 2015
, By Loren Moss
Photo courtesy nemo - Pixabay
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1181 Colombians Deported by US Government In FY 2014

Colombians made up far less than 1% of the removals by US Immigrations & Customs Enforcement According to a report issued by the United States Department of Homeland Security’s Immigration and Customs Enforcement, there were 1,181 Colombians deported by the US during the 2014...
Posted On January 5, 2015
, By Loren Moss
Homicide Crime Photo Courtesy Geralt Pixabay
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Colombia’s Homicide Rate Reaches 30 Year Low In 2014

Colombia’s homicide level of 12,800 nationally, is the lowest since 1984, according to reports, while the more meaningful rate of homicides per 100,000 residents dipped under 30 per 100,000; a rate not seen since the 1970s. According to El Tiempo, this rate is still higher...
Posted On January 5, 2015
, By Loren Moss
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Asoenergía: New Energy Consumer Trade Group Launched

On  November fifth, large industrial and commercial corporate energy consumers in Colombia formed the latest “gremio,” or trade association, in order to push back against the high cost of energy, especially electricity, in Colombia.  The new trade group, named...
Posted On January 4, 2015
, By Loren Moss
Cartagena Shoreline - Photo Credit: Loren Moss ©2013
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Cartagena Is New JetBlue Destination From Fort Lauderdale

Above Photo: Cartagena’s condominium towers in the Laguito area of Bocagrande JetBlue Airways at the end of October expanded its destination offerings at Fort Lauderdale-Hollywood International Airport (FLL) with the addition of daily service to Cartagena, Colombia’s Rafael...
Posted On January 1, 2015
, By Loren Moss
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