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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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Colombian Banks’ Disclosures Improve With IFRS Adoption, Says Fitch

The introduction of IFRS reporting in 2015 for Colombian banks is an improvement in financial disclosure, says Fitch Ratings. A majority of IFRS rules became effective for all Colombian financial institutions on Jan. 1, 2015 and introduced material changes in the treatment of...
Posted On March 26, 2015
, By Loren Moss
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Interview: ETB Making Moves To Catch Up, Surpass Competition

Empresa Telefónica de Bogotá (ETB), claiming to be the second oldest existing telephone company on the planet, has been making impressive moves in 2014 and 2015, transforming its business model into a modern digital communications enterprise. CEO Saul Kattan Cohen was recognized...
Posted On March 26, 2015
, By Loren Moss
Colombia's Banco De La RepublicaBoard of Directors, Photo credit Juan Enrique Rodríguez.
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Colombia’s Central Bank Leaves Benchmark Interest Rate at 4.5%

The Board of Colombia’s Bank of The Republic, at its meeting last Friday decided to keep the benchmark interest rate at 4.5%. According a statement released by the Central Bank, the Board took into consideration the following aspects when reaching its decision: The average...
Posted On March 25, 2015
, By Loren Moss
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ETB Reports Record 20-Year Profits, New Board of Directors Elected At Shareholder Meeting

The General Shareholders’ Meeting of 2015 took place yesterday for Empresa Telefónica de Bogotá (ETB), where an improvement in the telecom’s balance sheet of an increase in equity (25.6%) and a decrease in liabilities (29.1%) during the last three years was the highlight,...
Posted On March 25, 2015
, By Loren Moss
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Invitation: Deepwater & Unconventional Oil Exploration & Production in Colombia Forum

Deepwater and unconventional E&P activities in Colombia are experimenting a significant boost, creating great business opportunities for international companies. Monday, May 4th, 2015, 8:00 am – 12:00 pm OTC – NRG Arena – Houston, TX 77054 While Colombia is...
Posted On March 24, 2015
, By Loren Moss
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Fitch Revises Rating Outlook on Grupo Sura to Positive; Affirms IDR at ‘BBB-‘

Fitch Ratings has revised the Rating Outlook for Grupo de Inversiones Suramericana’s (GRUPO SURA) long-term foreign and local currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed the IDRs at ‘BBB-‘. Fitch has also affirmed outstanding debt...
Posted On March 24, 2015
, By Loren Moss
Avianca 787 united airlines
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Avianca, Subsidiaries, Carried Over 2 Million Passengers in February, 2015

In February, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) transported 2,049,954 passengers, up 7.4% compared to February  of 2014. Capacity, measured in ASKs (available seat kilometers), increased 6.8%, while passenger traffic, measured in RPKs...
Posted On March 24, 2015
, By Loren Moss
President Juan Manuel Santos
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President Santos Lauds $1 Billion Dollar (US) Bond Placement, Global Investor Confidence in Colombian Economy

The President of  Colombia, Juan Manuel Santos, said today that Colombia successfully placed a new $1 billion (USD)  bond issue on the global debt market yesterday, demonstrating the world’s confidence in the soundness of the Colombian economy. “We placed  a billion...
Posted On March 24, 2015
, By Loren Moss
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Bladex Reports 4Q 2014 Income At $36.1 Million (USD), 51% Growth over 2013

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, “Bladex”), the Panama-based supranational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade finance and economic integration in the Region, announced...
Posted On March 24, 2015
, By Loren Moss
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PRAXIS Launches Pay Wallet, Virtualized NFC Electronic App in Colombia

PRAXIS, a Mexican transnational corporation, and provider of technology solutions, announced the availability in Colombia of “Pay Wallet”, their electronic wallet model for corporations and banking institutions, that in the form of an application, enables the information exchange...
Posted On March 23, 2015
, By Loren Moss
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Fitch Affirms Empresa de Telecomunicaciones de Bogota S.A. E.S.P. at ‘BBB-‘; Outlook Stable

Fitch Ratings has affirmed Empresa de Telecomunicaciones de Bogota S.A. E.S.P.’s (ETB) ratings as BBB- regarding Long-term foreign and local currency Issuer Default Ratings (IDRs). ETB has COP 530 billion senior notes due 2023 at ‘BBB-‘, and the agency has...
Posted On March 23, 2015
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Wednesday March 25: Banco Davivienda to host Fourth Quarter 2014 Earnings Conference Call & Webcast Presentation

Banco Davivienda (BVC: PFDAVVNDA), a subsidiary of Grupo Bolivar, announced it will host its Fourth Quarter 2015 Earnings Conference Call & Webcast Presentation on Wednesday, March 25, 2015. Conference Call in English at 10:30am Eastern Time To participate, please dial:...
Posted On March 23, 2015
, By Loren Moss
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Continental Gold Developing Buriticá Project, Preparing Issue On Colombia’s Stock Exchange

In an interview with Bloomberg News, Continental Gold Ltd. CEO Ari Sussman says the mining company is preparing to list shares on the Bolsa de Valores de Colombia, with a target of raising roughly $20 million (USD) to increase liquidity and the company’s investor base. The...
Posted On March 22, 2015
, By Loren Moss
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Colombia’s GDP Grew 4.6% in 2014, Says Finance Ministry

The Minister of Finance, Mauricio Cardenas, said Tuesday that the economic activity during 2014 grew by 4.6% from the previous year, according to figures published by DANE, Colombia’s official statistics agency. “The result of 3.5% for the fourth quarter allowed the...
Posted On March 22, 2015
, By Loren Moss
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Minhacienda’s Mauricio Cardenas Affirms Government’s “Absolute Support” For Bogotá’s Proposed Metro

Colombia’s Finance Minister Mauricio Cardenas, confirmed last Monday “absolute support ” by the national government for the proposed construction of the Metro de Bogotá, the capital city’s planned subway and light rail project. While participating in the...
Posted On March 22, 2015
, By Loren Moss

Fitch: Colombian Electric Demand Continues to Lag GDP Growth

Fitch Ratings expects electric demand in Colombia to continue to lag real gross domestic product (GDP) growth albeit with a shrinking gap over the short to medium term. This is due to low industrial electricity consumption as a percentage of total demand. Over the past decade,...
Posted On March 22, 2015
, By Loren Moss
Photo courtesy lalabell68 - Pixabay
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Pacific Rubiales Energy Delists From Brazil’s BOVESPA Exchange

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced last week that it has received approval from the Brazilian Securities Commission and the Brazilian Stock Exchange (BM&FBOVESPA – Bolsa de Valores, Mercadorias e Futuros), effective immediately, for the...
Posted On March 22, 2015
, By Loren Moss
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Countdown Begins To F-Air Colombia 2015 Aeronautical Trade Show

Yesterday evening in Bogotá’s Corferias Convention Center, an reception attended by civilian officials, police and military brass from several different countries formally launched the preparatory phase for the 2015 F-Air Colombia International Air Show, to take place from July...
Posted On March 20, 2015
, By Loren Moss
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KLM Launches scheduled service to Bogotá & Cali

KLM Royal Dutch Airlines is launching a new scheduled service to Colombia’s capital, Bogota, and Cali, the country’s third-largest city. Beginning March 31, KLM will fly three times a week operating a Boeing 777-200 on flight KL745. The round trip route will start in Amsterdam,...
Posted On March 20, 2015
, By Loren Moss
Daniel Nieves - Grupo Char's EVP, Lina Chaar - Grupo Char's Director and Peter Tropoli - Luby's, Inc. COO celebrate a partnership to bring Fuddruckers fast casual brand to Colombia at a recent press conference in South America. The event was also attended by Jeff Hamilton, Commercial Attache U.S. Embassy, Bogota, Colombia (PRNewsFoto/Fuddruckers)
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Fuddruckers Fast Casual Restaurants Entering Colombia With New Franchise Partner Grupo Char’s

Houston, Texas-based Luby’s Fuddruckers Restaurants, LLC has finalized a new development agreement that will extend the fast casual hamburger restaurant group’s base in South America.  A partnership with Grupo Char’s calls for an initial restaurant opening in Bogota,...
Posted On March 20, 2015
, By Loren Moss
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MAPFRE Insurance Names José Carpio As CEO For Colombia

MAPFRE, the Spanish based global insurer, has named José Carpio as the new CEO for Colombia, replacing Raul Fernandez Maseda, who is retiring after 20 years with the company. Carpio has been the CEO of MAPFRE in Mexico, and has also held responsibilities with MAPFRE Asistencia in...
Posted On March 20, 2015
, By Loren Moss
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Lorenzo Garavito Charts Course For Growth At Helm Banca de Inversion (HBI)

HBI (Helm Banca de Inversion) the independent investment bank belonging to Helm Group, has started 2015 as Colombia’s leading investment bank in the discipline of Project Finance. Currently, the investment bank is working on more than 20 large transactions in sectors such as...
Posted On March 18, 2015
, By Loren Moss
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Inmarsat Appoints Ray Villar as Regional Director, Aviation For Latin America

Inmarsat (LSE:ISAT.L), the provider of global mobile satellite communications services, today announced that Raymundo (Ray) Villar has joined the company as Regional Director, Aviation, Latin America. Villar brings 17 years’ worth of business development experience from...
Posted On March 17, 2015
, By Loren Moss
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Ecopetrol Board of Directors Appoints Juan Carlos Echeverry as New CEO and Camilo Marulanda as Executive Vice President

Ecopetrol (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced last week that its board of directors appointed Juan Carlos Echeverry as the new CEO of the company, effective April 6, 2015. With extensive knowledge of economics, the ability to lead processes of change, experience in...
Posted On March 16, 2015
, By Loren Moss
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Avianca Inaugurates New Route Between Bogotá And Los Angeles

Avianca will inaugurate its nonstop Bogotá-Los Angeles-Bogotá flight on July 1st, giving travelers access to over 2,000 seats per week, along with available seats through three daily flights from San Salvador to the movie capital. According to Avianca CEO, Fabio Villegas Ramírez,...
Posted On March 16, 2015
, By Loren Moss
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Inter-American Investment Corp (IIC) Launches New Free Mobile App to Advise LatAm/Caribbean Entrepreneurs

The Inter-American Investment Corporation (IIC) has launched its first mobile app, geared towards business owners in Latin America and the Caribbean. FINPYME is designed to help small business owners and executives improve their competitiveness and access advisory services on the...
Posted On March 16, 2015
, By Loren Moss
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Colombia Floats $350 Billion (COP) In UVR Denominated Treasury Notes

As part of their public debt program, Colombia auctioned $350 billion in treasury notes, denominated in UVR (Units of Real Value), with maturities of 5, 10 and 20 years. The placement corresponds to 1.616 billion UVR. The yield on the issue is 1.83% for 5 year maturities, 2.65%...
Posted On March 7, 2015
, By Loren Moss
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Yellow Pepper Launches Yepex Mobile Payment Solution in Colombia, Mexico

Above photo: Serge Elkiner, CEO of Yellow Pepper Yellow Pepper, the first Latin American mobile financial company to receive a World Bank IFC (International Financial Corporation) equity investment, has launched Yepex, Latin Americas’ first “smart wallet” with functionality...
Posted On March 6, 2015
, By Loren Moss
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Exclusive: New Unisys Head Discusses the State of Colombia’s Bank Technology, IT Talent & the Best Sushi

Carlos Ferrer has been making moves since taking over as the general manager and vice president of Unisys LACSA, encompassing all of Latin America except Mexico and Brasíl. Running everything from his Bogotá office, Ferrer is responsible for leading over 2,000 employees,...
Posted On March 6, 2015
, By Loren Moss
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Avianca Holdings Reports an Operating Profit of $118.4 Million for the Fourth Quarter of 2014

Avianca Holdings S.A., (NYSE: AVH) (BVC: PFAVH), announced this week its fourth quarter 2014, financial and operational results. The carrier earned an adjusted net income for the quarter ended December 31, 2014 of $47.4 million, excluding special items, while posting an adjusted...
Posted On March 4, 2015
, By Loren Moss
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Japanese Rating Agency “Rating and Investment Information Inc.” Upgrades Colombia to BBB

The Japanese rating agency Rating and Investment Inc. (R & I) has upgraded Colombia’s long-term debt rating from BBB- to BBB with a stable outlook. R & I confirmed its confidence in the country’s economic stability in recent years, noting that Colombia recorded real GDP...
Posted On March 4, 2015
, By Loren Moss
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Minhacienda Floats $700 Billion (COP) Notes To Strong Demand; Issuance Oversubscribed

The Colombian Finance Ministry issued $700 billion pesos (roughly $280 million USD) of public debt through Colombia’s domestic financial markets last week, with yields of 5.18% increment for five year maturity, 6.492% for a ten year term, and 735% for a 15 year maturity. The...
Posted On March 4, 2015
, By Loren Moss
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Colombia Enjoying Historically Low Unemployment Rates

Colombia’s Finance Minister Mauricio Cardenas said Friday from Puerto Inirida, Guainia, that the unemployment rate in Colombia dropped to 10.8% for January 2015, “in an environment of increased labor force participation by Colombian households with an increase in...
Posted On March 4, 2015
, By Loren Moss
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Bloomberg Philanthropies Selects Bogotá to Participate in The Global Road Safety Initiative

Bloomberg Philanthropies has announced the winning cities and countries selected to participate in a new phase of the foundation’s Global Road Safety Initiative, which aims to reduce fatalities and injuries from road traffic crashes. With a new commitment of $12...
Posted On March 4, 2015
, By Loren Moss
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Breaking News: GeoPark Limited Discovers New Oil Field In Colombia’s Eastern Plain

Latin American oil and gas explorer GeoPark Limited announced this morning a new oil field discovery following the drilling of exploration well Tilo 1, located on the Llanos 34 Block in Casanare Department,Colombia, several hours East of Bogotá. GeoPark operates and has a 45%...
Posted On February 18, 2015
, By Loren Moss
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How The Digital Revolution is Going to Transform Banking in 2015

As the digital revolution transforms the economy, one megabank chairman warned his staff recently, “The industry faces more change in the next 10 years than there has been in the past 200.” So where will those banking changes emerge in 2015? Let’s use the familiar categories of...
Posted On February 17, 2015
, By Fernando Gómez
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Interamerican Development Bank Offering $7 Million In Grants To Support Regional Cooperation

The Inter-American Development Bank (IDB) launched the 2015 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for...
Posted On February 17, 2015
, By Loren Moss
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Bonds, Loans & Derivatives Andes Will Discuss Investment Challenges And Economic Growth In The Andean Region

On March 3rd and 4th over 350 delegates will gather at the JW Marriot in Bogotá for the 4th annual Bonds, Loans & Derivatives Andes. The leading event in banking and finance in the Andean region, the symposium brings together public and private financial institutions,...
Posted On February 17, 2015
, By Loren Moss
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Avianca’s Valentine’s Day Floral Cargo Flights Up 43% Over 2014, 10,200 Tons of Flowers Shipped

By leveraging specialized technology for the transportation of perishable goods, Avianca Cargo was able to transport a wide variety of flowers, along with other cargo, from Colombia and Ecuador to Miami, Los Angeles, Houston, Chicago, Indianapolis, San Juan Puerto Rico, London,...
Posted On February 16, 2015
, By Loren Moss
Photo courtesy palmanova.com
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New IHG Crowne Plaza Hotel Being Built In Medellin’s Poblado, Part of Luxury Mixed-Use Center

InterContinental Hotels Group (IHG), announced the signing of a new-build, 199-room Crowne Plaza® hotel in Medellin, Colombia. The hotel will be located in Medellin’s”El Poblado” neighborhood, occupying one of two towers in the Palmanova luxury, mixed-use...
Posted On February 16, 2015
, By Loren Moss
tigo colombia tigo une
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Millicom International Cellular, “Tigo,” Reports Strong 2014 Results

Millicom International Cellular, operating in Colombia and other Latin American markets as Tigo, reported last week strong revenue growth, up 14.9% to $6.39 billion (all figures in USD) and an EBITDA of $2.09 billion, revealing a solid operating margin of 32.8%. The resultant...
Posted On February 16, 2015
, By Loren Moss
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UN-based Alliance: Colombia Needs A More Inclusive Consumer Financial System

Colombia has made significant strides in the shift to electronic payments, but further progress in addressing the informal cash economy, increasing merchant acceptance and consumer adoption is needed to further advance the shift to digital payments in the country, according to a...
Posted On February 16, 2015
, By Loren Moss
Vive Agro founding brothers Pablo Arbelaez (left), and Juan Felipe Arbelaez (right)
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ViveAgro Founders Felipe & Juan Pablo Arbelaez Revolutionizing Colombia’s Freshcut Supply Chain, Selected As Endeavor Entrepreneurs Of The Year

Above photo: ViveAgro Founders Juan Pablo Arbelaez & Felipe Arbelaez During the celebration of Global Entrepreneurship Week recently, the two brothers Felipe and Juan Pablo Arbelaez, founders of Vive Agro, were selected by Endeavor Colombia as the 2014 Endeavor Entrepreneurs....
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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