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Media Partnerships

//Finance Colombia is glad to support the efforts of event organizers domestically and internationally. We offer several different levels of collaboration based on your objectives & constraints.

Finance Colombia is glad to support the efforts of our event organizer partners domestically and internationally. We offer several different levels of collaboration based on your objectives & constraints.

Basic

Finance Colombia offers the following:

  • 728×90 OR 300×250 banner ad in rotation on all article pages and front page
  • 1 email announcing the event to our subscriber base before the event. You provide HTML
  • 12 social media posts: up to 1 per week, Facebook, Twitter, LinkedIn
  • 1 pre-event article announcing and promoting the event
  • 1 post-event article

 

You offer the following:

  • 3 all access media passes (editor, photographer, assistant) for events within Colombia, or 2 all access media passes for events outside of Colombia, including privileges of paid attendees (meals, event receptions, functions, etc.)
  • Prominent listing as media partner with our logo (and link on electronic media) on all print and electronic promotional materials, event programs, etc. including stage backdrops, and photographer’s curtains.
  • Table and suitable space to share our promotional material (primarily offering free subscriptions to attendees) and permission to offer free subscriptions to attendees
  • Airfare + Hotel to and from the event per our travel policy:
    • International, Bogotá: 1 hotel room (official event venue hotel) & 2 business class airfares
    • Rest of Colombia: 2 hotel rooms & 2 business class round trip fares
    • Events in Medellín do not require hotel room or air travel

Speaker / Moderator

We offer each other all of the above plus…

Finance Colombia offers:

  • 2 additional articles, promoting our participation, plus promoting the event (3 total).
  • 2 more promotional emails (up to 1 per month, maximum)
  • Cross platform promotion – banner ads on our other publications & social media channels as relevant: Finance Americas, Cognitive Business News, Lorenmoss.com, Unido Digital Media
  • Social media promotion, participation & engagement during the event
  • Active promotion of our participation via publisher & publication LinkedIn channels & groups, social media
  • Assistance & outreach (as necessary) with identifying & recruiting other speakers, invited guests & experts
  • Finance Colombia editors/publisher will  prepare and give relevant presentations and/or moderate up to 2 sessions, in English or Spanish

 

You offer:

  • Access to any VIP / optional extra-cost event functions
  • Full exhibit space during the event
  • 1 additional all-access exhibitor pass

 

Sponsor Package

We offer each other all of the above plus:

Finance Colombia offers:

  • Video and written interviews of speakers and/or organizers during the event (up to 5).
  • 12 additional social media posts (24 total)
  • 3 pre-event articles promoting the event, such as interviews with speakers
  • 3 (minimum) post-event articles highlighting the event’s success
  • Distribution of your content (such as white papers, reports, etc.) via Finance Colombia: Articles & banners with links to download
  • 2 additional email blasts (spread out, no more than 2 per month)

 

You offer:

  • $5,995 USD
  • 1 additional air fare & hotel room per above policy
  • Listing as silver level sponsor or above (or equivalent)

 

Additional Options

  • Keynote Speaker: Loren Moss, publisher of Finance Colombia will deliver opening or closing keynote presentation, researched and relevant to the event, English or Spanish $6,000 in addition to above – Speaker/Moderator or Sponsorship package
  • Outbound Marketing: A team of 3 of our bilingual outbound sales associates will contact and invite attendees to your event $11,000 USD / month

Use our easy contact form below, or the Whatsapp applet at the bottom right:

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Avianca Loses Lawsuit By Woman Who Paid For Transatlantic 787 1st Class but Was Placed In A300 Economy

Had the airline simply made Ms. Casanova whole, this case would not exist. However, the fact that Avianca chose to battle a $1,500 USD refund all the way to Colombia’s supreme court suggests a new, more hostile attitude towards the same passengers it once coddled.
Posted On July 13, 2021
, By Loren Moss
isagen colombia FDI
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Major Colombian Firms Downgraded By Fitch After Colombia Debt Falls To Junk Status

The sovereign downgrade reflects the deterioration of the public finances with large fiscal deficits in 2020-2022, a rising government debt level, and reduced confidence around the capacity of the government to credibly place debt on a downward path in the coming years.
Posted On July 7, 2021
, By Loren Moss
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What Jumps Out : Meat Loaf (and the ratings agencies)

All three agencies said publicly many months ago that they were looking for the tax reform to right the fiscal ship which has been listing badly ever since COVID struck - to put it bluntly, the authorities have failed to deliver - and it is on them.
Posted On July 7, 2021
, By Rupert Stebbings
One person was captured with the total of 1,216 kilograms of ore, that according to the Colombian prosecutor’s office may be worth as much as 453,000 USD. Coltan is an ore containing rare-earth metals like tantalum and niobium, useful in the manufacture of electronics and metal alloys.
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Illicit Coltan Being Mined By Armed Insurgents In Vichada, Colombia

One person was captured with the total of 1,216 kilograms of ore, that according to the Colombian prosecutor’s office may be worth as much as 453,000 USD. Coltan is an ore containing rare-earth metals like tantalum and niobium, useful in the manufacture of electronics and metal alloys.
Posted On July 6, 2021
, By Loren Moss
With these new twice weekly flights, Wingo will now operate four direct routes from Medellín, the other destinations being Cancún, Bogotá and México City.
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Wingo Launches Twice-Weekly Flights Between Medellín, Colombia & Punta Cana, Dominican Republic

With these new twice weekly flights, Wingo will now operate four direct routes from Medellín, the other destinations being Cancún, Bogotá and México City.
Posted On July 6, 2021
, By Loren Moss
Image by vkingxl from Pixabay
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Fitch Downgrades Colombia Credit Rating To Junk, Losing Investment Grade Held Since 2011

Colombia's gross general government debt to GDP ratio is forecast to reach 60.8% in 2021, more than double the 30% level when Fitch upgraded Colombia back to the 'BBB' category in 2011.
Posted On July 2, 2021
, By Loren Moss
Yesterday a Colombian air force Boeing 767 arrived in Bogotá from Memphis, Tennessee in the United States carrying 2.5 million Janssen vaccines donated by the US government.
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US Government Donates 2.5 Million Single-Dose Janssen Covid-19 Vaccines To Colombia

Because this vaccine confers immunity in a single dose, this USD 25 million shipment will provide immunity to 2.5 million Colombians. After landing in Bogota, the vaccine shipment will go to the Ministry of Health’s warehouse in El Dorado international airport.
Posted On July 2, 2021
, By Loren Moss
Filed by assembly member Maria Agnese Catini, The motion goes on to demand resolution of an investigation over the death a year ago of Italian citizen Mario Paciolla, a UN human rights observer in Colombia.
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Rome Petitions European Union To Suspend Colombia Ties Over Duque Administration’s Human Rights Abuses; US Congress Begins Hearings

The resolution condemns Colombian President Ivan Duque by name, saying “The behavior of Colombian President Ivan Duque Marquez should be considered a grave signal in repressing the people instead of committing himself to building a dialogue with the protesters."
Posted On July 2, 2021
, By Loren Moss
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4th Annual LatAm IoT & Tech Conference Launches Online August 26

Share experiences learned and applied by peers, champions and thought leaders in industries as diverse as mining, energy, telecommunications, banking, financial services, insurance, education, government and others.
Posted On July 1, 2021
, By Loren Moss
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Lulo Bank From Gilinski Group Approved For Operation By Colombian Financial Superintendence

The bank will launch with almost $27 million USD of capital, and operate digitally, through apps, its (currently inoperative) website, and Gilinski group’s Servibanca network of ATMs (Automated Teller Machines) throughout Colombia.
Posted On July 1, 2021
, By Loren Moss
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Bayport Colombia Receives The 1st $50 Million USD Of A $200 Million Credit Line By US Development Finance Corporation

This is a senior credit line announced in 2020 granted by the United States International Development Finance Corporation
Posted On June 30, 2021
, By Loren Moss
Photo shared from the Twitter account of Jaime Carvajal
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Colombian ESMAD Riot Police Attack Journalists & Passing Children In Brutal Suburban Bogotá Incident

As the video evidence shows, these are not instances of one or two rogue police officers, but swarms of Colombian police, indiscriminately attacking journalists, bystanders, children...
Posted On June 30, 2021
, By Loren Moss
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Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Mihai Ionut Paunescu was placed at the disposal of Colombia’s Attorney General's Office after his arrest by the DIJIN investigative unit of the National Police. Paunescu is accused by US prosecutors as being part of the cybercriminal network that designed the 'Gozi' malware.
Posted On June 29, 2021
, By Loren Moss
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Legal Reconciliation Between Ex EPM CEO & Medellín Mayor Daniel Quintero Fails

Not only did Quintero fire Rendón earlier this year after appointing him to head the city-owned utility conglomerate a year before, Quintero made several public statements that Rendón considers disparaging, slanderous, and untrue leading to the lawsuit.
Posted On June 29, 2021
, By Loren Moss
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US President Biden Calls To Express Support For Colombian President Ivan Duque After Helicopter Attack, But Admonishes Him On Rights Of Protesters

President Biden also voiced support for the rights of peaceful protestors, underscored that law enforcement must be held to the highest standards of accountability, and condemned wanton acts of violence and vandalism, something the Colombian leader omitted in his official account of the conversation.
Posted On June 29, 2021
, By Loren Moss
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With $54 Million USD Seed Investment, Grupo Sura Launches VaxThera Biologic Pharmaceutical Developer In Colombia

With $54 million USD from Colombian insurance conglomerate Sura, Jorge Emilio Osorio Benitez is launching biological pharma company VaxThera to produce vaccines and other medical therapies within Latin America.
Posted On June 29, 2021
, By Loren Moss
Humanos 3D Foundation Literally “Giving A Hand” To Deserving Young Colombians In Need Of Advanced Prosthetics
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Humanos 3D Foundation Literally “Giving A Hand” To Deserving Colombians In Need Of Advanced Prosthetics

The Humanos 3D Foundation he established is busy providing advanced functional prosthetics to Colombians across the country; many victims of violence, others overcoming congenital medical issues or accidents.
Posted On June 28, 2021
, By Loren Moss
Shikun & Binui
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FDN Loans 200 Billion Pesos To The 4G Autopista Río Magdalena 2 Highway Project

The 153.2km project will connect Medellín with the Ruta del Sol highway and with the department of Santander and will also improve Bogotá's connection with the Caribbean ports.
Posted On June 28, 2021
, By Loren Moss
Colombian native Leonardo Garzon (above) has been appointed as the new Latin America managing director for global insurance provider McLarens,
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Leonardo Garzon Appointed McLarens Managing Director For Latin America

Garzon is a recognized leader within the region, holding 25 years of experience in forensic engineering, construction vulnerabilities, and pre-loss and post-loss consulting. His experience in the provision of risk and loss adjusting services includes advising on high value disputes within the energy, oil,...
Posted On June 28, 2021
, By Loren Moss
In May 2021 Viva's position was reconfirmed as the most punctual airline in Colombia with 93.3% according to OAG: https://www.oag.com/en/on-time-performance-data
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Viva Crowned Most Punctual Airline In Colombia, 94.9% On-Time Rating

Since February 2021 when OAG resumed its post-pandemic punctuality measurement, Viva remains the most punctual airline in Colombia with a weighted average of 94.9%, between February and May of this year, continuing a 3-year run.
Posted On June 26, 2021
, By Loren Moss
A Khiron agricultural technician in their Ibagué, Tolima facilities.
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Khiron Awarded High-THC Extract Export Quotas for Mexico by the Government of Colombia

Khiron plans to launch its Zerenia clinics across Mexico in 2021, building on the success of its vertically integrated model in Colombia and Peru, & leveraging its education partnership with Tecnologico de Monterrey.
Posted On June 26, 2021
, By Loren Moss
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itel Rebrands, Launches Expansion Into Colombia, Guyana, Honduras

Founded in Jamaica, the rebrand highlights the company’s expansion into new operations in Guyana and Honduras & a technology development center in Colombia.
Posted On June 26, 2021
, By Loren Moss
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Colombia President Attacked During Flight; Helicopter Shot 6 Times

The helicopter carrying Colombian President Ivan Duque was shot 6 times as it approached the airport in Cúcuta, a Colombian city that borders Venezuela. The US-made Black Hawk military helicopter was able to land safely after taking fire.
Posted On June 26, 2021
, By Loren Moss
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What Jumps Out – Fedesarrollo (June)

Monday saw the latest surveys released by Fedesarrollo - the Financial Opinion Survey (FOS) & Stock Market Confidence Indices (SMCI) - for the month of June. The overall confidence number stands at 96.97% which is up 5.1% from May - breaking that down we see other improvements.
Posted On June 25, 2021
, By Rupert Stebbings
Selected sample from the tin-tantalum target area (CNW Group/Auxico Resources Canada Inc.)
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Auxico Reports Abundance of Rare Earths & Tin In Vichada, Colombia Exploration

Tantalum is widely used in every kind of electronic device, such as phones, computers, automotive electronics and cameras.  Tantalum alloys can be extremely strong and have been used for turbine blades, rocket nozzles and nose caps for supersonic aircrafts.
Posted On June 25, 2021
, By Loren Moss
Luis Merchan, the CEO of Flora Growth.
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Colombian Cannabis Cultivator Flora Growth Bucks Convention WIth NASDAQ IPO – CEO Luis Merchan Explains Why

Flora Growth Corp (NASDAQ: FLGC) last month became the first ever cannabis cultivator to list on the NASDAQ stock exchange in the US without using a SPAC (Special Purpose Acquisition Company), reverse merger, or dual listing, and became the first all-outdoor cannabis grower to ever list on NASDAQ. Cantor...
Posted On June 23, 2021
, By Loren Moss
1

Interview: Medellín City Councilman Daniel Carvalho On The EPM Crisis, Medellín Governance & Colombia Unrest

City council member Daniel Carvalho has said enough is enough, and that the mayor’s mismanagement is putting Colombia’s second largest enterprise and Medellín’s single largest municipal revenue source at grave risk.
Posted On June 23, 2021
, By Loren Moss
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Rider Beware! Über Overcharging Some Colombia Riders With Airport Surcharges For Non-Airport Trips

The takeaway from this seems to be: Always check carefully the presented fares before accepting a trip. If something doesn’t seem right, or if there are surcharges that don’t coincide with the trip starting point or destination, the traveler is wise to understand available alternatives.
Posted On June 22, 2021
, By Loren Moss
The latest aircraft delivered has the livery nickname “Efecto Viva” after the phenomenon the airline says occurs when competitors lower their prices significantly whenever Viva enters a new market.
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Aviation Capital Group Announces Delivery of Eighth Airbus A320neo to Viva Air

Viva has recently added Orlando flights to its Miami flights in the US, and increased flights between Medellín, Colombia and Miami to four daily, up from one daily round trip. The carrier has also launched flights to México City and Cancún.
Posted On June 22, 2021
, By Loren Moss
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¡Blinblineo! Bogotá Police Capture Suspect Near Airport With $500,000 USD Cash & No Excuses

Prosecutors charged Rico with money laundering, to which he pled not guilty. A judge ordered Rico, the truck and the cash held pending trial.
Posted On June 22, 2021
, By Loren Moss
Hired in October 2019 to the role of Managing Director and Chief Legal Counsel, Khiron Europe, Katterbach's promotion to the position of President aligns with the company's commitment to diversity and inclusion throughout the organization, including at the executive level, the company said in a statement.
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Khiron Life Sciences Appoints Franziska Katterbach As President, Europe

Hired in October 2019 to the role of Managing Director and Chief Legal Counsel, Khiron Europe, Katterbach's promotion to the position of President aligns with the company's commitment to diversity and inclusion throughout the organization, including at the executive level, the company said in a statement.
Posted On June 21, 2021
, By Loren Moss
Rodriguez has a postgraduate degree in Information Technology Management from the Colombian School of Business Administration (EAN), and he holds the CISSP and CISM certifications.
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ETEK Appoints Carlos Rodríguez as Advisory & Consulting Director for LATAM and APAC

“At Etek, I’ll be responsible for leading advisory-led client engagement, helping clients transform into the digital era”, said Rodriguez, who will also lead Etek's cybersecurity advisory services vision, evangelizing new solutions to address client business challenges, lead a team of highly specialized advisors...
Posted On June 21, 2021
, By Loren Moss
Viva Air Foundation & Humanos 3D Team Up To Provide Custom Prosthetics To Valledupar Youth
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Viva Air Foundation & Humanos 3D Team Up To Provide Custom Prosthetics To Valledupar Youth

Prosthetics of this type can cost almost $2,000 USD in Colombia, but due to support from benefactors such as the Viva Air Foundation and the Australian Embassy, Humanos 3D hopes to fabricate and donate at least 100 in 2021.
Posted On June 20, 2021
, By Loren Moss
Bernio Jordan Enzo Verhagen - Photo: Twitter
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Dutch Con-Man Captured By Prostitutes After Ripping Off Colombian Tourism Businesses

Police quickly appeared and had to save Verhagen from a lynching by the indignant crowd that the prostitutes had organized.
Posted On June 18, 2021
, By Loren Moss
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US Government Imposes Travel Ban On Dogs From Colombia & Other Countries – Cases Of Fake Vaccine Certificates Are To Blame

Dr. Emily Pieracci of the CDC told US News Outlet NPR that during 2020, the CDC discovered over 450 cases of dogs arriving to the US from certain countries with false vaccination certificates, prompting the agency to issue the emergency order.
Posted On June 17, 2021
, By Loren Moss
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Asurion Opens 1500 Seat Tech Support Center In Bogotá

Asurion is expected to create more than 1,500 local full-time jobs within 2021 for candidates with a high proficiency in Spanish and English in positions as technical support customer care and sales representatives, with additional human resources, operations, training, and support positions within 2021.
Posted On June 14, 2021
, By Loren Moss
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Viva Air Launches Medellín – Orlando Route

Viva recently inaugurated direct routes to Mexico City from Bogotá, and to Cancun from Medellín with four and three weekly flights, respectively. Similarly, in early August it will begin operations to Mexico City from Medellín, with four flights a week.
Posted On June 14, 2021
, By Loren Moss
Reason Foundation's Daniel Raisbeck
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The Reason Foundation’s Daniel Raisbeck On What Peru’s Election Can Tell Us About Economic Liberty In Colombia & Latin America

What can observers take from events in Peru? And what takeaways are relevant for Colombia’s upcoming 2022 elections, and for economic and civil liberty more broadly in the Americas? Daniel Raisbeck has some prescient observations.
Posted On June 13, 2021
, By Loren Moss
Tuesday was a historic day in Colombia - not because the football team managed to snatch a 2-2 draw against Argentina in a World Cup qualifier, but because it represented the first time ever that local investors could buy and sell Chilean stocks in local currency.
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What Jumps Out – The Chileans Are Here!

Tuesday was a historic day in Colombia - not because the football team managed to snatch a 2-2 draw against Argentina in a World Cup qualifier, but because it represented the first time ever that local investors could buy and sell Chilean stocks in local currency.
Posted On June 13, 2021
, By Rupert Stebbings
According to Tracxn, Frubana, an online marketplace offering fruits & vegetables, has raised a $65M Series B investment round from GGV Capital, Lightspeed Venture Partners, SoftBank Corp, Tiger Global Management, and Monashees.
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Frubana Raises $65 Million In Series B Funding

According to Tracxn, Frubana, an online marketplace offering fruits & vegetables, has raised a $65M Series B investment round from GGV Capital, Lightspeed Venture Partners, SoftBank Corp, Tiger Global Management, and Monashees.
Posted On June 13, 2021
, By Loren Moss
colombia renewable solar wind geothermal (Photo credit: MaxPixel)
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ABO Wind Signs Power Purchase Agreement With Grupo Renovatio After Landmark Private Renewable Auction

With this agreement, Renovatio enables the entry of two new solar farms to the Colombian electricity generation market, consolidating the entry of two new multinational players listed on major European stock exchanges.
Posted On June 13, 2021
, By Loren Moss
Daniela Trejo is the new Secretary of Economic Development, Innovation & New Economies for Antioquia
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Daniela Trejo, Antioquia’s New Secretary of Economic Development Says Despite The Pandemic, Antioquia Is Open For Business & Investment

Antioquia's new secretary of economic development has obviously done her homework, and has a lot to say on the goals she and the governor's administration has for the area. In this interview, Daniela Trejo speaks with Finance Colombia's Loren Moss on Antioquia's rapid growth, social inclusion, and rebound from the...
Posted On June 13, 2021
, By Loren Moss
Pricesmart
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PriceSmart Continues To See Strong Growth, Reports Double Digit May Sales Increase

PriceSmart, Inc. (NASDAQ: PSMT) announced that net merchandise sales in May increased 16.3% to $286.4 million from $246.3 million in May a year earlier. Comparable net merchandise sales for the 45 warehouse clubs open at least 13½ full months increased 12.0% when compared to the same period last year.
Posted On June 9, 2021
, By Loren Moss
Rupert’s opinions & analysis as an independent expert contributor are his own and not necessarily those of Finance Colombia or the BVC.
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What Jumps Out : Reactivation

This past week most headlines have been so contaminated with politics it has been hard to find much else to discuss. Everyone who ever picked up a banner and marched in Colombia is a descendant of Vladimir Lenin and anyone who ever owned a business has modeled it on the Victorian era factories-So instead let's...
Posted On June 9, 2021
, By Rupert Stebbings
Iris CEO, banking industry veteran Lorenzo Garavito.
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New Colombian Digital Bank “Iris” Seeks To Enable Business Clients With Technology

The new Colombian tech-forward bank offers interest bearing business accounts with no transactions or maintenance fees, and a 100% digital services portfolio, says Iris CEO, banking industry veteran Lorenzo Garavito.
Posted On June 9, 2021
, By Loren Moss
Travelers arriving to Colombia are no longer required to obtain a negative COVID test to enter the country.
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Travelers to Colombia No Longer Required to Provide a Negative COVID-19 Test Result

Travelers presenting COVID symptoms are still prohibited from flying, and travelers, foreign & domestic must report any symptoms to Colombian authorities. Masks must still be worn at all times in airports and commercial aircraft. Travelers to destinations from Colombia must continue to abide by the COVID...
Posted On June 7, 2021
, By Loren Moss
Avasant and Unisys are pleased to invite you to the LATAM Digital Forum,
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Join Avasant & Unisys Next Week To DIscuss The Future Of Work

Avasant and Unisys are pleased to invite you to the LATAM Digital Forum, "Transforming Your Enterprise for the Future of Work." This session will be taking place on Wednesday, June 16th at 8:00 AM PDT | 10:00 AM CDT.
Posted On June 7, 2021
, By Loren Moss
Maracaibo - Barquisimeto bus ticket booth. Photo © Loren Moss
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Here Is How Colombia’s Temporary Protected Status For Venezuelan Refugees Works

Venezuelan refugees in Colombia may now be protected under Temporary Protected Status, but there are important conditions and limitations. Attorney Humberto Rodriguez explains key provisions of this new measure.
Posted On June 7, 2021
, By Humberto Rodriguez
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Announces Dividend, To Present At Baird, Stifel Investor Conferences This Week

Tecnoglass will present at the following virtual investor conferences: The Baird 2021 Global Consumer, Technology & Services Conference, June 9, 2021 & the Stifel 2021 Virtual Cross Sector Insight Conference, June 10, 2021
Posted On June 7, 2021
, By Loren Moss
Ivan Duque photo credit César Carrión of the Presidencia de la República
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In Apparent Desperation, Colombian President Ivan Duque Releases English Self-Interview, Whining About Protests & Deflecting Blame

As the video is in English, it appears not directed at Colombians, but at influencing his image in the eyes of foreigners. Under 3 years of Duque’s presidency, Colombia has lost its investment grade currency rating, experienced multiple cases of police abuse, record levels of cocaine production, a rash of...
Posted On May 25, 2021
, By Loren Moss
passport courtesy kpgolfpro - pixabay
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Some US Citizens May Travel On Expired Passports Under These Conditions:

Please be advised that currently, routine passport processing in the United States can take 10-12 weeks.  If you need a passport in less than 10-12 weeks due to international travel plans, you can pay an additional $60 fee to expedite your passport, which will shorten the processing time to 4-6 weeks.  
Posted On May 25, 2021
, By Loren Moss
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Originally Viva Colombia, Viva Air Rebrands As “VIVA;” With Growth, The Airline Seeks To Connect The Americas & Caribbean

With the deployment of operations to new national and international destinations this year, the airline will operate 26 routes to 12 domestic destinations and seven international routes to five destinations that include Peru, Mexico and the United States. Viva estimates that as a group it will transport...
Posted On May 25, 2021
, By Loren Moss
25 alleged members of the Diamante gang were captured in raids across 4 cities. (Photos: Fiscalia General de Colombia)
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US, Colombian Officials Bust Transnational Weapons Trafficking Syndicate

In raids last Tuesday, 22 people were captured by court order and 3 more in flagrante delicto. In 28 raids, an arsenal containing short- and long-range firearms, different caliber ammunition and $97 million in cash was seized.
Posted On May 21, 2021
, By Loren Moss
isagen colombia FDI
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Colombian Infrastructure Firms’ Credit Downgraded Follow Sovereign Currency Junk Rating

S&P says it may downgrade these companies in case of a similar rating action on Colombia. The firm could lower the sovereign ratings if the potential long-term damage caused by the pandemic, other domestic developments, or new external shocks, prevent the Colombian economy from recovering in 2021 and results in...
Posted On May 21, 2021
, By Loren Moss
The 3rd
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Colombia Oil & Gas Congress Returns Online 21-25 June, 2021

The 3rd "Colombia Oil & Gas" Online Business Congress and 1-2-1 meetings is an international business platform bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. The Colombia Oil & Gas 2021 Online Business Congress enables executives to continue networking,...
Posted On May 21, 2021
, By Loren Moss
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Colombian Financial Entities Take Ratings Hit After Country Currency Downgraded To Junk

As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade, potentially hindering their ability...
Posted On May 21, 2021
, By Loren Moss
Image by David Mark from Pixabay
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S&P Lowers Colombian Currency Rating to Junk: BB+

The move further weakens Colombia’s precarious financial position brought on by the COVID-19 pandemic, causing an almost 7% contraction in the country’s economy. Fitch may likely downgrade Colombia as well, as the country already sits at the firm’s lowest investment grade before junk.
Posted On May 21, 2021
, By Loren Moss
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What Jumps Out – Standard & Poor Makes Their Move (Colombia Downgraded To Junk)

The big question is what Fitch (BBB-) & Moody's (Baa2) chose to now do. Will they wait to see what is contained within 'Tax Reform II' when it is resubmitted? The issue is that there is little clarity on when that will be. Congress will shut down for the holidays in just over a month and there has been no progress...
Posted On May 20, 2021
, By Rupert Stebbings
Headline photo of the Kronosaurus Boyacensis fossil in Villa de Leyva, Boyacá, Colombia By Edward M Johnson - FunkMonk, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=11475799
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Colombian Paleontology: A Wealth Of Opportunities But Serious Challenges

Protecting fossils goes beyond preventing them from being used to construct roads or being the basis of illegal trade, Patarroyo said. By preserving, studying, and teaching about fossils paleontology can contribute to a sense of belonging and responsibility to the land. This article has been republished here...
Posted On May 14, 2021
, By Eos AGU
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Colombia Approves Delta Airlines – LATAM Joint Venture, Chile Has Yet To Rule

The joint venture between Delta and LATAM airlines has been in the works since 2020, after Delta managed to break LATAM's long-standing business partnership with American Airlines in order to strengthen its presence in Latin American markets.
Posted On May 14, 2021
, By Loren Moss
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass to Present at Sidoti Microcap Virtual Investor Conference On May 20

A live broadcast of the presentation, including presentation materials, may be accessed through the Investor Relations section of the Tecnoglass website. A replay of the webcast will be available after the event.
Posted On May 13, 2021
, By Loren Moss
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Viva Air Increases Miami-Medellín Flights To 4 Daily, Seeks To Add 2 New Medellín-Argentina Routes

Viva Air has quietly increased the daily frequency of flights between its Medellín hub and Miami, Florida fron one daily flight up to as many as four daily flights in June. Viva has pledged to add 15 more international routes, and has already filed for permission to operate multiple routes to Argentina from both...
Posted On May 13, 2021
, By Loren Moss
Donations were transported on three Viva flights, from Medellín and Bogotá to Riohacha on April 14, 15 and 16; and delivered by the Vice Minister of Education to 11 educational establishments in the municipalities of Dibulla, Manaure and Riohacha.
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Viva Air Foundation Delivers School Supplies to 3,502 Students in La Guajira, Colombia

Donations were transported on three Viva flights, from Medellín and Bogotá to Riohacha on April 14, 15 and 16 to 11 educational establishments in the municipalities of Dibulla, Manaure and Riohacha. The airline also transported 1,000 backpacks donated by the Totto brand and 500 Nosotras feminine protection kits.
Posted On May 11, 2021
, By Loren Moss
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What Jumps Out: Band-Aid (or, Colombia’s Dire Economic Straits Need A Bit More)

Against the backdrop of the images we have seen, it appears almost churlish to discuss Colombia's investment grade credit rating, however its removal would have more effect on those protesting than most of them could imagine.
Posted On May 11, 2021
, By Rupert Stebbings
Tecnoglass has a 3 million square foot headquarters and production facility in Colombia's Atlantic port city of Barranquilla
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Tecnoglass Announces Record Q1 2021 Results, Shares Trading At All Time Highs As Guidance Remains Positive

Tecnoglass raises Full Year 2021 Growth Outlook to Adjusted EBITDA1 of $115 Million to $125 Million on Total Revenues of $420 Million to $435 Million. Record Cash Flow From Operations of $29.0 Million Marks 4 Straight Quarters of Exceptional Cash Generation and Supporting Further Leverage Reduction to 1.4x Net...
Posted On May 11, 2021
, By Loren Moss
Justin Trudeau in Canada (Photo credit: Adam Scotti / PMO)
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Canada Government Calls Out Colombian Police Brutality In Statement, Offers Assistance to Canadians

At any time, Canadians requiring emergency consular assistance can contact the Embassy of Canada to Colombia in Bogotá at 57 (1) 657-9800 or Global Affairs Canada’s 24/7 Emergency Watch and Response Centre in Ottawa by calling +1 613 996 8885 collect or by sending an email message to...
Posted On May 11, 2021
, By Loren Moss
1

Nobody Likes Ivan: Understanding The Nationwide Protests & Unrest In Colombia

Colombian President Ivan Duque's withdrawal of his controversial tax hikes were not enough to stop nationwide protests in Colombia. The reason the protests continue vary, with much legitimate discontent and dissatisfaction, but provocateurs and common criminality must also be taken into account.
Posted On May 5, 2021
, By Loren Moss
Headline photo: Peaceful protesters in the Medellín neighborhood of San Javier (photo: Julian Padierna)
1

United States Government, United Nations Call On Colombian Government To Respect Human Rights Amid Nationwide Unrest

Colombia's own government human rights ombudsman has reported alarm at over 87 cases of disappearances in areas where there have been clashes between protestors or rioters and government security forces. While there have been incidents of looting and rioting, there have been alarming reports of riot police...
Posted On May 5, 2021
, By Loren Moss
Cali's Alfonso Bonilla Aragón International Airport (CLO) in the suburb of Palmira (Photo: Loren Moss)
1

Aerocivil Announces Reopening of Cali Colombia’s International Airport

All passengers should contact their air carriers directly to confirm flight measures or to make necessary arrangements. Please contact your air carrier directly. Finance Colombia does not provide airline or passenger service.
Posted On May 4, 2021
, By Loren Moss
1

“Let’s Not Hit Each Other Anymore” — Colombian Riot Police Stop Battling Protesters, & Then Join Them

You can hear in the video (in Spanish) that his call was met with lots of skepticism, though some in the group urged calm, to hear him out. He continued...
Posted On May 4, 2021
, By Loren Moss
“On the issue of eggs, it depends on its quality. Let’s say $1,800 COP (48 cents, US) a dozen or something like that.”
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Finance Minister Alberto Carrasquilla Replaced By José Manuel Restrepo As Colombia’s Finance Minister After Tax Package Leads To Deadly Nationwide Protests

Carrasquilla became the personification and villain of the tax package—and dissatisfaction with the Duque administration more broadly—after admitting to Colombian journalist Vicky Davila in the weeks leading up to the protests that as one of Colombia’s elite, he had no idea how much basic staples like rice or eggs...
Posted On May 4, 2021
, By Loren Moss
President Duque withdraws the Fiscal Reform package.
2

Colombian Fiscal Reform Proposal Defeated By Protests, President Ivan Duque Admits Defeat

Colombian President Ivan Duque announced that he was asking Congress to withdraw from consideration his fiscal reform package, brainchild of his Finance Minister Alberto Carrasquilla. The controversial package was put forward to broaden the Colombian government’s revenue base, but in the third year of a deeply...
Posted On May 4, 2021
, By Loren Moss
Cali's Alfonso Bonilla Aragón International Airport (CLO) in the suburb of Palmira (Photo: Loren Moss)
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Colombian Government Closes Cali International Airport Due To Civil Disturbances

Last night, Aeronáutica Civil (Aerocivil), Colombia’s civil aviation authority announced the temporary closure of the Alfonso Bonilla Aragón International Airport (above) in the Cali suburb of Palmira, leaving passengers stranded both at the airport and at other domestic and international airports with flights...
Posted On May 4, 2021
, By Loren Moss
Image: twitter
3

Colombian Anger With President Duque’s Administration Boils Over Into National Protests & Violent Confrontations With Riot Police

Beyond the tax reform, which was the primary theme of the protests, Colombians took the opportunity to express deep discontent with the current government’s failure to manage the COVID pandemic, and lack of vaccines available in the country, and the government’s failure to protect community and social leaders from...
Posted On April 30, 2021
, By Loren Moss
Jorge Andrés Carrillo Cardoso Appointed As New CEO of EPM
1

Jorge Andrés Carrillo Cardoso Appointed As New CEO of EPM

Bond investors and ratings agencies will be watching closely for signs that Carrillo has both the autonomy and acumen to successfully move the company forward while avoiding the political intrigue brewing in Colombia’s second largest city.
Posted On April 29, 2021
, By Loren Moss
Juan Manuel Barrientos of El Cielo
1

El Cielo Is Now The First Colombian Restaurant To Earn A Michelin Star

  Chef Juan Manuel Barrientos, has become the first Colombian to win a Michelin star for his newest Colombian themed ElCielo restaurant, located in Washington D.C. ElCielo, a concept based on neuroscience applied to local products and ancestral roots is also the first Colombian restaurant to appear on the...
Posted On April 29, 2021
, By Loren Moss
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What Jumps Out: Colombians Out On The Streets

Administrations come and go but the country needs to move forward, and the failure of the tax reform is currently threatening the short-term future of Colombia.
Posted On April 29, 2021
, By Rupert Stebbings
Avianca CEO Anko van der Werff
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Investment Banker To Lead Avianca, Anko Van Der Werff Leaves To Run SAS in Europe

Before joining Avianca as CFO, Neuhauser was managing director covering Latin American airlines for Credit Suisse and worked as an investment banker for Deutsche Bank, Bank of America, and Merril Lynch.
Posted On April 29, 2021
, By Loren Moss
Above photo: Twittter @Giovasummer
2

Colombians Take To The Streets To Protest, Lambast President Duque’s Fiscal Reform Package

Firearms and heavy weapons remain exempt from taxation, along with bottled mineral water and most soft drinks. In a “Let them eat cake” moment, Duque’s finance minister Alberto Carrasquilla in an interview defending the tax package, admitted that he had no idea how much basic staples like rice or eggs cost.
Posted On April 29, 2021
, By Loren Moss
Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)
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Tecnoglass To Hold Q1 2021 Earnings Call The Morning Of May 7

Management will host a webcast and conference call that same day at 10:00 a.m. Eastern time (9:00 a.m. Bogota, Colombia time) to review the company’s results. The conference call will be broadcast live over the Internet. Additionally, a slide presentation will accompany the conference call. To listen to the...
Posted On April 13, 2021
, By Loren Moss
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Etek Launches Identity & Access Management Service

A centralized, secure, and highly scalable service that simplifies identity and access management, increases productivity, and protects the sensitive assets of the organization.
Posted On April 13, 2021
, By Loren Moss
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GCA Airlines Files To Fly New Routes To Bucaramanga, Santa Marta, San Andrés & Pereira, Colombia

Colombian Airline GCA has filed for permission to fly new routes from Cartagena, Barranquilla, Pereira, and Cali to destinations in Bucaramanga, Pereira, and San Andrés. The routes are currently under review by Colombia's civil aviation authority.
Posted On April 13, 2021
, By Loren Moss
PharmaCielo horticultural worker harvests THC dominant and unique cultivar (CNW Group/PharmaCielo Ltd.)
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Colombian Cannabis Cultivator PharmaCielo Closes $13.5 Million CAD Capital Raise

PharmaCielo grows and produces cannabis products for export from its agricultural facilities in Rionegro, Antioquia, just outside of Medellín, Colombia. The company lists on the Canadian TSX Venture and over-the-counter exchanges as TSXV: PCLO & OTCQX: PCLOF.
Posted On April 13, 2021
, By Loren Moss
Photo from Twitter
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Support for Colombian Fugitive Alex Saab Turns Out To Be Nigerian Troll Farm

The operation was allegedly masterminded by a Nigerian PR firm and a British nonprofit called Digital Good Governance for Africa that paid Nigerian Twitter trolls to tweet support for Alex Saab in an attempt to influence the judicial process in Cape Verde and broader public opinion.
Posted On April 13, 2021
, By Loren Moss
After 1 week, Alejandro Calderón Chatet will no longer be CEO of EPM.
2

EPM Governance Crisis Deepens: New CEO Alejandro Calderón Chatet Resigns, 1 Week After Being Appointed

The letter of resignation came just hours after a contentious press conference where Calderón wished to discuss his investment plan, but the press, including Finance Colombia, wished to delve into the numerous gaps and inconsistencies in his qualifications.
Posted On April 12, 2021
, By Loren Moss
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What Jumps Out: Where Is Everyone Going?

Earlier this week we had the equity market flows for March, a month when the index lost 3%, and we find that foreigners, whilst continuing their healthy participation at 34.8% were almost the largest net sellers. Now $30mn is not the end of the world however given the poor performance of Colombia versus its peers...
Posted On April 9, 2021
, By Rupert Stebbings
medellin colombia
1

Medellín Selected As Co-Headquarters For World Economic Forum G20 Smart Cities Alliance Initiative

The World Economic Forum is launching two regional networks of cities in Latin America and South Asia to share knowledge on smart city development while protecting public interests related to privacy, security, and sustainability. Under the umbrella of the Forum’s G20 Global Smart Cities Alliance the two city...
Posted On April 8, 2021
, By Loren Moss
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El Cielo Hospitality Group Expands With New Medellín Hotel, Washington DC Restaurant

Behind the new DC restaurant & Medellín hotel is impresario Juan Manuel Barrientos, the youngest chef to be recognized among the 50 best chefs in Latin America by San Pellegrino’s World’s 50 Best three consecutive years (2013, 2014, 2015).
Posted On April 6, 2021
, By Loren Moss
A Khiron agricultural technician in their Ibagué, Tolima facilities.
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Khiron Begins Exports of Colombian Cannabis To Germany

Khiron is now shipping its branded EU-GMP certified medical cannabis to Germany, providing immediate access to the German market through its distribution partner, Nimbus Health GmbH. Khiron teams continue to educate physicians with plans to leverage clinical evidence from both the UK and Colombia
Posted On April 6, 2021
, By Loren Moss
© 2020 Loren Moss
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US Embassy Issues Guidance On Colombia Post-Easter Covid Restrictions

Colombia has announced additional measures to reduce the risk of contagion by COVID-19. Movement restrictions in municipal areas will be triggered if hospital occupancy rates of hospital Intensive Care Unit (ICU) reach certain levels. These measures will be in effect from Monday, April 5, until Monday, April 19.
Posted On April 6, 2021
, By Loren Moss
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Don’t Miss: Bonds & Loans Andes 2021 – Virtual Conference, April 27th

There has never been a more important time to bring together 200+ of the Andean region's most senior issuers, investors, bankers, rating agencies and lawyers to share knowledge, debate and network.  Finance Colombia readers receive a discount with the code FC10
Posted On April 6, 2021
, By Loren Moss
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Viva Air, Sky, Latam Approved For New Lima – Buenos Aires Routes

The Lima – Buenos Aires route is one of the most important in South America, connecting the capitals of Peru and neighboring Argentina. Viva & Sky may fly 4 weekly routes, while Latam may now fly 6.
Posted On April 6, 2021
, By Loren Moss
Ed Delgado of Ecuatoreana (right) speaks with Finance Colombia's Executive Editor Loren Moss
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Ecuadorean American Aviator Working To Resurrect The Country’s Flag Airline Ecuatoreana As A Regional Carrier

The COVID-19 Pandemic isn't holding Ed Delgado down, as he seeks to resurrect the Ecuatoreana aviation brand as a domestic regional carrier connecting Quito and Guayaquíl with The Galapagos Islands and other important destinations within Ecuador for citizens and tourists alike. In this interview he discusses his...
Posted On April 6, 2021
, By Loren Moss
Alejandro Calderón Chatet is the new CEO of Empresas Públicas de Medellín (EPM).
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Alejandro Calderón Chatet Appointed CEO of EPM

Calderón has a background in finance and investment, working as a credit analyst for Standard & Poor in Paris, serving as the Colombian consul in Boston, Massachusetts during the Juan Manuel Santos administration, and holding several investment banking roles in Bogotá.
Posted On April 6, 2021
, By Loren Moss
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What Jumps Out: Shakespeare, COVID, & The Colombian Economy

It is doubtful that in 1603 that Mr Shakespeare was thinking of COVID when he sat down to write Hamlet however that doesn't mean his words aren't valid for today's circumstances.
Posted On April 4, 2021
, By Rupert Stebbings
Photo courtesy Minsalud
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Colombia Enacts Stricter New COVID-19 Travel Restrictions

Effective April 7, 2021. To combat the COVID-19 Pandemic, no passengers, foreign or domestic, may fly if he or she has tested positive for COVID-19, has been in contact with a suspected case, or has symptoms.
Posted On April 3, 2021
, By Loren Moss
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Viva Air Now Offers Discounted COVID-19 Testing For Passengers Through Collaborating Laboratories

Viva Air is offering its air passengers access to special discounts on the Covid-19 tests now required on all domestic and international flights. The participating laboratories in Colombia are Aerosanidad, Idime, Laboratorio Lorena Vejarano and Centrolab. In Peru, it is Inbiomedic, and in the United States it is...
Posted On April 3, 2021
, By Loren Moss
Khiron CEO Álvaro Torres & Finance Colombia Executive Editor Loren Moss on a Webex call
1

Khiron Life Sciences CEO Álvaro Torres Discusses The Cannabis Company’s Unique Go-To-Market Strategy & Its Network Of Zerenia Integrative Care Clinics

Like several other companies in Colombia, Khiron (TSX.V: KHRNF) cultivates and processes cannabis at its agricultural facilities in Ibagué, Tolima. But Khiron takes the unique approach of launching and operating a chain of integrative medical clinics under its Zerenia brand, providing a broad range of medical...
Posted On April 3, 2021
, By Loren Moss
Sergio Hernán Perdomo Llévano, from Huila, Colombia
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Colombian Lothario Dies In Custody While Awaiting Extradition To US For Bank Fraud

The charges against Perdomo stem from 2004, when he convinced a woman in the US to collaborate with him on financing for a condominium. The two took out a loan for $950,000 but Perdomo absconded with the money, leaving the woman on the hook for the amount and victimized.
Posted On April 1, 2021
, By Loren Moss
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