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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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(Photo credit: Avianca)
1

Avianca Seeking $1.2 Billion USD Debtor In Possession Financing During Bankruptcy

Bankrupt airline Avianca has revealed that it is working on debtor in possession financing with several investment banks including Seabury Securities, Goldman Sachs, and JPMorgan Chase; subject to approval by US Bankruptcy Court and creditors. The deal would potentially open a path to Avianca retaking ownership of...
Posted On August 18, 2020
, By Loren Moss
2

Financial Entities Suspend “Commercial Relations” With EPM Citing Governance, Credit Concerns

EPM has received notification from local and international financial entities of the suspension of commercial relations, resulting in the reduction of quotas and credit limits in operations such as loans, exchange risk hedges and bank guarantees, after the board of directors quit and the utility's credit rating...
Posted On August 18, 2020
, By Loren Moss
US DFC CEO Adam Boehler and US National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the US-Colombia Growth Initiative. Photo credit: DFC
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Colombia, USA Announce Bilateral Investment & Rural Development Pact

US DFC CEO Adam Boehler and US National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the US-Colombia Growth Initiative to strengthen US-Colombia bilateral cooperation while leveraging US government resources to create economic opportunity in rural Colombia.
Posted On August 18, 2020
, By Loren Moss
Ventilator bellows as designed by Medellín's Innspiramed initiative. Photo courtesy: Ruta N
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In A Rebuke To Mayor Daniel Quintero, Beverage Giant Postobón Withdraws From COVID-19 Pact With Medellín

Colombian soft drink producer Postobón has announced it is pulling out of the Innspiramed mechanical ventilator project due to concerns over governance and political intrigue following the resignation of the initiative’s manager Gabriel Sanchez, and Ruta-N’s entire board of directors in protest of the governance...
Posted On August 18, 2020
, By Loren Moss
Photo courtesy: Proantioquia
2

Potential Board Appointees Turning Their Back On Medellín Mayor Daniel Quintero

Preciado took to Twitter to publicly reject the offer. Curiously these public rebukes took place after Quintero announced the appointments, leaving the question of whether he spoke to these individuals beforehand.
Posted On August 18, 2020
, By Loren Moss
Medellín's Féria de las Flores. Photo credit: Loren Moss
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Guest Editorial: Another 8/11 To Remember

The decisions of Mayor Quintero and his CEO at EPM without having his Board of Directors present on one side; and on the other with a similar behavior in Route N put asunder respect for the institutions and good governance of both entities; valuable heritage of our community.
Posted On August 18, 2020
, By Sergio Escobar
2

Fitch Downgrades EPM, Citing “Deterioration Of Corporate Governance” After Medellín Mayor’s Usurpations

After the entire board of directors resigned in protest of Medellín Mayor Daniel Quintero's usurpation of board prerogative and corporate governance, international ratings firm Fitch has downgraded EPM's credit rating, and placed it on a negative ratings watch.
Posted On August 17, 2020
, By Loren Moss
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Free Webinar August 26: Hydropower of Latin America: Implementation of HPPs Construction & Modernization Projects

Free webinar August 26: Hydropower of Latin America: implementation of HPPs construction and modernization projects 11 am Colombia time Organizer: Vostock Capital Website: https://www.latinamericahydrocongress.com/en/webinar
Posted On August 17, 2020
, By Loren Moss
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CEO, Entire Board Of Medellín’s Ruta N Resign 1 Day After EPM’s Board, Deepening Crisis For Mayor Daniel Quintero

Just one day after the board of directors of Medellín utility EPM resigned in protest, Medellín technology incubator Ruta N’s entire board of directors, citing a lack of confidence in Quintero’s stewardship.
Posted On August 17, 2020
, By Loren Moss
Photo montage courtesy EPM
5

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

The board’s resignation left the utility’s CEO, Álvaro Guillermo Rendón trying to explain to the media and public why the entire board of directors resigning or the mayor’s actions are nothing to worry about.
Posted On August 17, 2020
, By Loren Moss
Lisa Mota Pinto is commercial vice president of the Viva Air Group.
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Viva Air Launches New Frequent Flyer Prepurchase Program

Medellín based low cost carrier Viva Air in association with travel technology company Caravelo, has launched a new product for its frequent passengers that allows them to pre-purchase packages of coupon vouchers redeemable for domestic or international flights, without having to commit to travel itineraries.
Posted On August 10, 2020
, By Loren Moss
IBM Bogotá
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IBM Opens Cognitive Process Transformation Center In Bogotá

IBM has announced the opening of its Cognitive Process Transformation Center in Bogotá Colombia, supporting IBM clients in Spanish, English & Portuguese with various outsourced back-office functions.
Posted On August 10, 2020
, By Loren Moss
1

Despite Temporary COVID-19 Plant Shutdown, Tecnoglass Reports Record Backlog, Margins

Barranquilla, Colombia based glass & aluminum manufacturer Tecnoglass (NASDAQ: TGLS) reported second quarter results yesterday, highlighting a record $550 million USD order backlog, up 4.8% over the previous year, and record cash flow from operations of $24.3 million, despite the factory closing for several...
Posted On August 7, 2020
, By Loren Moss
copa airlines boeing 737 Max
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Copa Airlines Reports $386 Million USD Loss For Q2 2020

Copa has now scheduled the restart of its regular commercial flights for September 4th, 2020.
Posted On August 7, 2020
, By Loren Moss
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Little Caesars Pizza Coming To Colombia

Global pizza chain Little Caesar's is coming to Colombia. The first two restaurants in Bogotá will be located in the San Cipriano and Prado Veraniego neighborhoods of Suba, on the capital city's far north side.
Posted On August 6, 2020
, By Loren Moss
1

Former Colombian President Alvaro Uribe, 2 Sons Are Infected With Coronavirus COVID-2

1 day after being detained in house arrest by Colombia’s supreme court on charges of witness tampering, former president and current senator Alvaro Uribe is infected with the COVID-2 Coronavirus, that leads to the COVID-19 disease.
Posted On August 5, 2020
, By Loren Moss
3

Breaking News: Former Colombian President Alvaro Uribe Under House Arrest

For the first time in modern history, a former Colombian president has been detained and must face criminal charges. Alvaro Uribe & his lawyer are charged with witness tampering and bribery in an attempt to falsely accuse an opposition senator.
Posted On August 4, 2020
, By Loren Moss
Photo credit: Laura LaRose via Flickr https://flic.kr/p/QACXgS Creative Commons Attribution 2.0 license
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Cuban Doctors Deploying To Medellín? Not All Roads Lead To Cuba In International Cooperation – Op Ed

A leaked letter showed that Medellín Mayor Daniel Quintero wrote the cuban government asking for Cuban doctors to potentially come to Medellin and help with the COVID-19 Pandemic. But he bypassed Colombia's foreign ministry and ignited a major controversy that a more experienced politician might have avoided....
Posted On August 1, 2020
, By Sergio Escobar
Photo of Marta Lucia Ramirez by Felipe Castaño, Vicepresidency of The Republic
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Exposed For Verified Family Ties To Narcotraffickers, Colombia’s Vice President Files Criminal Charges Against Investigative Journalist

Colombia's Vice President Marta Lucia Ramirez filed criminal charges against investigative journalist & British citizen Jeremy McDermott after he reported on a business deal between the Vice President's husband and alleged narcotrafficker and paramilitary leader Guillermo León Acevedo Giraldo, or "Memo Fantasma"
Posted On August 1, 2020
, By Loren Moss
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DHL Express To Open 10 New Retail Service Locations In Colombia

DHL Express announced that it is in the process of opening 10 additional retail service centers throughout Colombia during the second half of 2020 to serve growing demand for international express shipping.
Posted On July 30, 2020
, By Loren Moss
Photo credit: Tienda Movistar» de Andreuvv - Trabajo propio. Disponible bajo la licencia CC BY-SA 3.0 vía Wikimedia Commons
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Movistar Issues $500 Million USD In Bonds

Telefonica’s Colombian subsidiary Colombia Telecomunicaciones, operating under the Brand name Movistar, has raised $500 million USD in senior unsecured notes, the company has announced. $350 million of the placement proceeds will be used to replace senior unsecured notes issued on September 27, 2012 The $500...
Posted On July 30, 2020
, By Loren Moss
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Ecopetrol, Universities Launch Cosmetic Palm Oil Development Initiative

The initiative seeks to diversify the country’s economy, spur industrial innovation, and promote Colombia’s palm oil industry that enjoys significant sustainability and social advantages over other global palm-oil producing regions.
Posted On July 30, 2020
, By Loren Moss
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Viva Air Receives Post COVID-19 Biosecurity Approval From Colombian Government

Colombian low-cost airline Viva Air became the first airline to receive the “Check in Certificado” safety certificate developed by Colombia’s Ministry of Commerce Industry & Tourism and issued by Colombia’s Institute of Technical Standards and Certification, ICONTEC.
Posted On July 29, 2020
, By Loren Moss
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Colombia’s 4G Autopista al Mar 1 Highway Project 71% Complete

In Cañasgordas, Autopista al Mar 1 will connect with the Autopista al Mar 2 project which runs from Cañasgordas to the Gulf of Urabá on Colombia’s Atlantic coast, where the Puerto Antioquia ocean port & terminal is under construction.
Posted On July 29, 2020
, By Loren Moss
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Bogotá Class-A Office Space Pricing Down 8-9% According To Cushman & Wakefield

With several real estate projects expected to open in 2H2020, office rents are down and vacancy up in Colombia's capital city according to brokerage Cushman & Wakefield. Net absorption is negative due to the COVID-19 Pandemic.
Posted On July 29, 2020
, By Loren Moss
Image courtesy Sanaty - Twitter https://www.facebook.com/ipssanaty/photos/pcb.1034819156654376/1034818803321078/
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QuestCap Social Impact Investors Take 28% Stake In Colombian Health Clinic Sanaty IPS

The company will also have an option to acquire an additional 10% equity interest in LCP Barbados from Latin-Canada Pharma within 60 days following the closing of the transaction by paying USD$600,000 to the shareholders of Latin-Canada Pharma Inc.
Posted On July 29, 2020
, By Loren Moss
Ivan Duque photo credit César Carrión of the Presidencia de la República
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Colombian Coronavirus Curfew, Lockdown & Quarantine Extended Until September

President Ivan Duque indicated that the mandatory isolation, which was set to expire this Saturday, August 1, has been extended to August 30, but with different restrictions depending on whether municipalities are low, medium or highly affected by the COVID-19 Pandemic.
Posted On July 29, 2020
, By Loren Moss
Puerto Antioquia, Gulf of Urabá, Colombia. Photo courtesy of Puerto Antioquia Holdings
1

Puerto Antioquia Gets $110 Million USD Debt Financing From Global Infrastructure Partners

Global Infrastructure Partners Capital Solutions Funds I and II (“GIP CAPS”) has closed on a $110 million USD secured holding company term loan investment  in Puerto Antioquia Holdings S.A.S., the port terminal in the Gulf of Urabá on the Atlantic coast of Antioquia, Colombia
Posted On July 28, 2020
, By Loren Moss
Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss
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PriceSmart Sales Down Less Than 2% In June Despite Coronavirus Restrictions

PriceSmart, Inc. (NASDAQ: PSMT) announced that for June 2020 net merchandise sales decreased 1.5% to $249.2 million USD from $253.1 million in June a year earlier in its warehouse clubs in The Caribbean & Latin America.
Posted On July 28, 2020
, By Loren Moss
seedling pharmacielo marijuana
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Pideka SAS / Ikänik Farms Selling Cannabis Oil In Colombia For Human, Veterinary, Research Uses

Ikänik Farms says that it has obtained all required pharma and agronomic certifications, enabling it to be the first in Colombia to complete a seed to "commercial sale", for use in the pharmaceutical form known as formula magistral.
Posted On July 28, 2020
, By Loren Moss
Avianca
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Avianca Not Renewing Certain Employment Contracts Due To Bankruptcy & Pandemic

Avianca is not renewing employment contracts after filing for bankruptcy. Many employees are on furlough, some of those will not return, no matter Avianca's outcome.
Posted On July 28, 2020
, By Loren Moss
Photo courtesy Pionerasdev
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PionerasDev Wins $50,000 USD Grant From IBM For Developing Colombian Women In Programming

IBM has announced that it has awarded a $50,000 USD grant to Colombia-based PionerasDev, a nonprofit whose mission is to create and cultivate self-managed communities for women to learn and work on computer and web programming.
Posted On July 27, 2020
, By Loren Moss
EPM Headquarters Building in Medellín's Plaza Mayor
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EPM’s New Dollar-Denominated Debt Rated As BBB By Fitch

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior notes due 2027 payable in Colombian...
Posted On July 8, 2020
, By Loren Moss
This familiar view of the Capitol’s East Front appeared in Die Gartenlaube, a popular German illustrated weekly newspaper. Published in Leipzig, the periodical was aimed at the middle classes and deemed a “friend of the family,” both for its instructive and entertaining content and generous use of images with text. The Capitol exterior was completed two years before this publication, during the Civil War, and its image appeared frequently in international periodicals. 1865, Collection of the U.S. House of Representatives
2

94 US Congress Members Call Out Colombia’s Duque Administration For Failures To Protect Human Rights Defenders & 2016 Peace Accord Implementation

Yesterday, almost 100 members of the US Congress sent a letter to Secretary of State Mike Pompeo asking him to put additional pressure on Colombian President Ivan Duque to implement the 2016 Peace Accords signed by previous President Juan Manuel Santos, and also to reverse the deteriorating security situation...
Posted On July 7, 2020
, By Loren Moss
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After First COVID-19 Tax Holiday Devolves Into Fiasco, Colombian Government Pushes E-Commerce For Next Two, Restricts In-Store Sales

After the first COVID-19 tax holiday was condemned as irresponsible, the Colombian government is restricting electronics & appliance sales during the next two tax holidays taking place in July where shoppers will be exempt from the country's 19% VAT tax.
Posted On June 29, 2020
, By Loren Moss
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Colombia Extends Curfew Until July 15, Some Discretion For Restaurants & Worship Delegated To Mayors

President Ivan Duque announced a further extension to Colombia’s national curfew in response to the Coronavirus COVID-19 Pandemic to July 15 in Decree 878 of June 25, but also modified Decree 847 of June 14, allowing limited pilots of restaurant and church reopenings.
Posted On June 29, 2020
, By Loren Moss
Image by Finn Maxwell Cousineau from Pixabay
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5 Firms To Begin 5G Network Trials In Colombia While 4G Deployment Continues

In July, 5 companies will begin 5G network trials in the Colombian cities of Medellín, Bogotá, Tolú, Barrancabermeja, and Cali. Meanwhile the country announced a strategy to move consumers at least to 4G and dismantle the aged 2G mobile telecommunications network.
Posted On June 29, 2020
, By Loren Moss
The above IHME map shows the mean value (across the 1,000 regressions that IHME runs in its SEIR model) of effective reproductive number, R, on June 9. Infections on June 9 roughly correspond to cases of COVID-19 on June 20 given the average duration of 11 days between infection and being reported as a case. Where this value is greater than 1, it means that every person infected with COVID-19 will produce more than one additional infected person. To successfully eliminate a disease from a population, R needs to be less than 1. The map shows that on June 9 in many parts of the world, R was lower than 1, including many parts of North America, Europe, Africa, India, Australia, and New Zealand. Locations that are showing effective R values greater than 1, which means that the number of cases of COVID-19 in the population is growing, include several states in India, the US, Mexico, and Brazil, as well as many countries in the Southern Hemisphere, such as Argentina, Chile, and Indonesia. Several countries in the Middle East, including Egypt, Saudi Arabia, Iraq, and Yemen, as well as Turkey and Iran, also had R values greater than 1 as recently as two weeks ago.
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Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other nations are each predicted to exceed...
Posted On June 29, 2020
, By Loren Moss
movistar colombia fine million ultramagic
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Colombia Telecomunicaciones’ (Movistar) Credit Ratings Remain Stable

Fitch says Movistar has a diversified service portfolio with a national footprint and improving 4G and fiber broadband networks. Mobile accounts for approximately 60% of revenues in 2019, in line with the regional median.
Posted On June 29, 2020
, By Loren Moss
avocado colombia hass colombian avocados USDA import world avocado association
1

Colombia UK Bilateral Trade Agreement Passes Out Of Colombian Senate

A bilateral trade agreement between Colombia and the United Kingdom has passed in Colombia’s plenary senate session and now passes to the Andean nation’s lower house for approval.
Posted On June 29, 2020
, By Loren Moss
Above photo: Tecnoglass products make up the facade of distinctive architecture such as Fordham University (photo courtesy of Tecnoglass)
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Tecnoglass Announces Q2 Cash Dividend

Headquartered in Barranquilla, Colombia, the Company operates out of a 2.7 million square foot vertically integrated, state- of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific.
Posted On June 29, 2020
, By Loren Moss
LATAM Fine colombia
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Latin American Corporate Defaults Expected To Rise, says Fitch

The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories.
Posted On June 29, 2020
, By Loren Moss
teleperformance
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Foreign Investors Still Confident In Colombia, According To Survey by IPAs

The study revealed that 66% of the surveyed businesspeople were optimistic regarding the operations of their companies in Colombia, while 30% feel the same in respect to the performance of the economy in general.
Posted On June 29, 2020
, By Loren Moss
Photo of Nicolas Takahashi by Liliana Padierna
2

Video (Spanish): How Viva Air Plans To Protect Passengers From COVID-19

Viva Air ha tomado medidas para volar de nuevo, y proteger sus pasajeros y tripulación. Gracias a sus nuevos protocolos de bioseguridad, a la limpieza constante de sus aviones y a los filtros especiales HEPA del aire en las cabinas, el riesgo de contagio de Covid-19 se reduce al máximo.
Posted On June 29, 2020
, By Loren Moss
2

Spirit Airlines Fined By US Government For Unethical Behavior, Violating Passenger Rights

Spirit was found guilty of undercompensating passengers, forcing them to sign untruthful documents, and denying their rights after overbooking flights.
Posted On June 23, 2020
, By Loren Moss
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Copa Airlines Fined BY US Department of Transportation $450,000 For Illegal Flights Between US & Venezuela

 The U.S. Department of Transportation fined Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point. Copa was ordered to cease and desist from future similar violations.
Posted On June 23, 2020
, By Loren Moss
2

Editorial: President Duque’s “Day Without Sales Tax” Devolves Into Public Health Fiasco

Colombia's "Day without Tax" may have undone in less than 24 hours the country's past three months of success in battling the Coronavirus COVID-19 Pandemic. Even if the government decides to lift curfews and restrictions, this may have been the dumbest possible way to do it.
Posted On June 21, 2020
, By Loren Moss
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UPDATED: Spirit Air To Fly Humanitarian Flights From Colombia To US In July

The U.S. Embassy has announced that Spirit Airlines will operate three humanitarian flights on April 30, May 1 and May 3 from Colombia to the United States for US citizens and permanent residents that wish to return to the US during this period of closed airspace due to the Coronavirus COVID-19 Pandemic.
Posted On June 20, 2020
, By Loren Moss
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Bogotá’s Mayor Threatens To Shutter PriceSmart, Makro

Claudia Lopez, Bogotá's increasingly strident Mayor last week threatened to shutter retailers Makro & PriceSmart on a radio interview, saying the stores were not doing enough to fight the Coronavirus COVID-19 Pandemic
Posted On June 20, 2020
, By Loren Moss
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72% Of All SIC Platform Complaints Against Airlines In Colombia Filed Against Avianca

Colombian air travel passengers have battled with airlines over fare refunds more than any other complaint during the Coronavirus COVID-19 Pandemic, according to the Superintendence of Commerce.
Posted On June 20, 2020
, By Loren Moss
Photo courtesy Uber
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Anti-Über Order Struck Down In Colombia By Superior Court of Bogotá

Yesterday, Bogotá's Superior Court struck down the administrative ruling by Colombia's Superintendence of Commerce that banned Über's operations from the Andean nation.
Posted On June 20, 2020
, By Loren Moss
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Viva Air Begins Domestic Humanitarian Flights Between San Andrés Archipelago & Colombian Mainland

Last week, Viva Air began limited domestic humanitarian flights returning residents of the San Andrés Archipelago in the Caribbean Sea from other parts of mainland Colombia and also bringing home mainland Colombians who were stranded on the Islands. On the first flight, 150 passengers flew to Medellín from San...
Posted On June 20, 2020
, By Loren Moss
Photo credit Loren Moss
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Colombians Have Until July 6 To Apply For Scholarships & Admission To Texas MBA Programs

The master's degrees are in Spanish and are delivered virtually with a two-week component of face-to-face immersion in Texas in 2021.
Posted On June 20, 2020
, By Loren Moss
Colombia's meeting of the Superior Fiscal Policy Council of the Finance Ministry where suspension of the Fiscal Rule was approved. (photo: Minhacienda)
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Colombian Government Suspends Fiscal Rule, Opening Door To Deeper Deficit Spending

On June 15 Colombia’s Fiscal Rule Consultative Committee accepted a proposal by Minhacienda, Colombia’s Finance Ministry, to suspend the application of Colombia’s Fiscal Rule that strictly limited deficit spending, for the years 2020 and 2021. While the government seeks to mitigate effects of the Coronavirus...
Posted On June 20, 2020
, By Loren Moss
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Bogotá Expected To Continue In Good Financial Shape, Says Fitch

Bogota will maintain a strong operating performance and manageable debt levels in Fitch's view. The district is well positioned to overcome the current global and national adverse economic scenario, says the ratings agency
Posted On June 20, 2020
, By Loren Moss
Screenshot of Falabella page with consumer warning
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Colombian Government Issues Strong Rebuke To Retail Chain Falabella For Pandemic Web Failures, Unethical Practices

Falabella has been widely denounced for taking customer money then not delivering product during the pandemic. Now the Colombian government is responding.
Posted On June 19, 2020
, By Loren Moss
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Reverse Mortgages Coming To Colombia

Reverse Mortgages will now be legal in Colombia, says President Ivan Duque, providing a financial option that may benefit Colombian homeowners 65 years of age or older.
Posted On June 17, 2020
, By Loren Moss
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Colombian Pork Exports Begin To The Ivory Coast and Hong Kong

Colombian pork exports begin this weekend, with the shipment of 25 tons to Hong Kong and 25 tons to the Ivory Coast, from the port of Cartagena.
Posted On June 17, 2020
, By Loren Moss
The departments that registered the most birds were Antioquia, with 600 species, Valle del Cauca, with 548 species, Meta, with 532, and Caldas and Cundinamarca with 505 each.
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Colombia Wins Cornell Global Birdwatching Competition For 4th Straight Year: 1,440 Species Observed

Colombia took first place in the Global Big Day birdwatching event organized by Cornell University. Of 1,440 species observed, 600 species were seen in Antioquia, 548 in Valle del Cauca, 532 in Meta, and 505 each in Caldas & Cundinamarca departments.
Posted On June 17, 2020
, By Loren Moss
Groubani de Wikipedia en inglés.
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Bilateral Colombia UK Trade Bill Passes Out Of Colombia’s Senate Committee

A post-Brexit trade deal between Colombia and the United Kingdom was approved by Colombia’s congress in its first debate. The bill seeks to maintain trade integration, market access and commercial relationship between the two Atlantic countries.
Posted On June 16, 2020
, By Loren Moss
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Colombia Launches Covid-19 Biosafety Certification For Tourism Sector

Colombia’s Ministry of Commerce, Industry & Tourism has launched a biosafety certification for the tourism sector that allows tourism services providers to demonstrate compliance with mandatory protocols issued by the national government.
Posted On June 16, 2020
, By Loren Moss
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Survey: 80% Of Colombians Prefer To Work From Home

g and 80% of respondents stated that they would like to telework more in the future. Colombians are those most enthusiastic about telework at 80%, followed by Portugal with 77%, Mexico 76%, Brazil 72% and finally Spain and Italy, both with 68%.
Posted On June 16, 2020
, By Loren Moss
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Security Alert: Current Demonstrations near the U.S. Embassy

The U.S. Embassy is tracking ongoing protests outside the U.S. Embassy (Bogotá, Colombia) along Avenidas Esperanza and El Dorado. Clashes with police and violent demonstrations have been reported.
Posted On June 15, 2020
, By Loren Moss
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Finance Colombia Readers Invited On Virtual Tour of Ecopetrol’s Cartagena Refinery

Finance Colombia readers are invited to attend a virtual tour around the production site of Ecopetrol’s Cartagena Refinery within the Online Business Congress and one-on-one Meetings during the “Colombia Oil and Gas 2020” congress  July 22-24.
Posted On June 11, 2020
, By Loren Moss
ADDI co-founders Santiago Suarez, Daniel Vallejo, and Elmer Ortega (Photo: Globe Newswire)
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Colombian Consumer Lender ADDI Raises $15 Million In VC Round

Bogotá firm ADDI has raised $15 million USD in venture capital to grow ADDI’s business in Colombia and to expand to new Latin American markets. Addi provides consumer point of sale financing for retail purchases as an alternative to credit cards.
Posted On June 10, 2020
, By Loren Moss
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Avianca’s 25 Largest Shareholders Revealed

Beyond the expected, some interesting names appear on the list of those with the most to lose should Avianca end up liquidated. The City of New York Group Trust?
Posted On June 9, 2020
, By Loren Moss
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Spirit Air To Fly Several Humanitarian Flights From Colombia to US June 13-30

The U.S. Embassy has announced that Spirit Airlines will operate 2 humanitarian flights from Colombia to US May 24-27
Posted On June 8, 2020
, By Loren Moss
Ecopetrol Barrancabermeja Oil Spill Santander 2
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Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Cenit, an Ecopetrol Group subsidiary company, has informed that it activated the contingency plan in the pipelines of Caño Limón-Coveñas and Bicentenario to address the emergencies caused by seven attacks that have taken place since last Saturday in Arauca, Boyaca and Norte de Santander. In the last weeks there...
Posted On June 8, 2020
, By Loren Moss
reinsurance latin america house collapse
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AM Best Revises Outlook To Negative On Colombia’s Insurance Industry

AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which will strain the segment considerably. A new Best’s Market Segment Report, titled, “Market Segment Outlook: Colombia Insurance,”...
Posted On June 8, 2020
, By Loren Moss
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Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.
Posted On June 8, 2020
, By Loren Moss
Image by Денис Марчук from Pixabay
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Latin American Governments’ Weak Public Finances Leave Them Ill-Equipped To Battle Coronavirus Recession: Fitch

According to Fitch Ratings, Latin America sovereigns' weak public finances make them particularly vulnerable to the coronavirus crisis by limiting both their counter-cyclical policy flexibility and their ability to support post-crisis economic recoveries. The pronounced negative ratings pressures in the region...
Posted On June 8, 2020
, By Loren Moss
Avianca's Boeing 787 Plus taking off
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Avianca Claims NYSE Delisting Won’t Directly Affect Colombian Stock Market Investors

Avianca says are unaware of any implication or effect that the NYSE’s decision could have on a Colombian investor, since all the mechanisms for negotiation in respect the Company’s preferred shares in the Colombia Securities Exchange, or BVC (Bolsa de Valores de Colombia) remain in place.
Posted On June 3, 2020
, By Loren Moss
2

Colombia Coordinating Humanitarian Repatriation Flights For Citizens Stranded Abroad

The Colombian government continues to arrange humanitarian flights to repatriate its citizens stranded abroad. To participate, Colombians must have previously registered with their respective Colombian Consulates to qualify for these flights, and must pay the ticket cost.
Posted On June 1, 2020
, By Loren Moss
1

Colombian Government Makes Work-From-Home The Law For All Public & Private Companies Whenever Possible

The Colombian government has decreed that all government or private-sector employees that can work from home, must work from home as a response to the Coronavirus Pandemic.
Posted On June 1, 2020
, By Loren Moss
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Guest Editorial: The Challenging New Path For Tourism In Medellín & Antioquia

Of all the economic sectors in Antioquia & Medellin, tourism is the most affected, including its entire value chain including lodging, travel agencies, air, land, river, & maritime transport, gastronomy, bars, and entertainment. Its recovery is the most complex of all, since it not only depends on...
Posted On June 1, 2020
, By Sergio Escobar
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Colombia To Permit International Flights From September 1, Reopens Ticket Sales

Colombia's government announced that Colombia’s airports will reopen to international flights beginning September 1. Domestic flights are expected to resume July 1, as the national curfew is slated to end June 30, though this has not been confirmed.
Posted On May 31, 2020
, By Loren Moss
Baird presents its Global Consumer, Technology & Services Conference to be held virtually Tuesday, June 2 – Thursday, June 4.
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Tecnoglass To Present At Baird Virtual Investor Conference June 4

Colombian glass & aluminum manufacturer Tecnoglass, Inc. (NASDAQ: TGLS) today announced that the company will attend the Baird 2020 Virtual Global Consumer, Technology & Services Conference on Thursday, June 4, 2020.
Posted On May 29, 2020
, By Loren Moss
LATAM Airlines Boeing 787-9 Dreamliner
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LATAM AIRLINES FILES BANKRUPTCY

LATAM Airlines this morning filed for Chapter 11 Bankruptcy in the US, though Quatar Airways & 2 South American Families have pledged almost $1 billion USD in support to preserve the airline & uninterrupted operations.
Posted On May 26, 2020
, By Loren Moss
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Colombia Oil & Gas 2020 To Be Held Online July 22-24

The 2nd Online Business Congress and One-on-One meetings event “Colombia Oil And Gas 2020” is an international, professional platform, bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. The Colombia Oil and Gas 2020 Business Congress enables...
Posted On May 25, 2020
, By Loren Moss
Colombia's Tatacoa Desert image by Makalu from Pixabay 
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Fitch: Real GDP Will Fall 4.5% in Colombia & 3.9% In Chile; Countries Will Struggle To Recover

Further reductions to our growth forecasts for Chile (A/Negative) and Colombia (BBB-/Negative) due to the coronavirus pandemic will mean faster increases in budget deficits and public debt this year, Fitch Ratings says. The ability to develop credible medium-term plans to reverse these trends will be one important...
Posted On May 25, 2020
, By Loren Moss
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Caldas Gold Releases Q1 2020 Results

Caldas Gold production totaled 5,901 ounces of gold and 9,012 ounces of silver in the first quarter of 2020 compared with 6,215 ounces of gold and 9,839 ounces of silver in the first quarter of 2019.
Posted On May 25, 2020
, By Loren Moss
gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Gran Tierra Energy Announces Q1 2020 Results

Gran Tierra Energy announced that its net loss was $252 million compared with net income of $27 million in the Prior Quarter, due to lower revenues primarily from the collapse in oil price
Posted On May 25, 2020
, By Loren Moss
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Fitch Rates Banco GNB Sudameris’ Upcoming Tier 2 Notes ‘BB-(EXP)’

Fitch Ratings has assigned Banco GNB Sudameris S.A.'s (GNB) upcoming issue of U.S. dollar-denominated, 11-year Tier 2 notes an expected long-term rating of 'BB-(EXP)'.
Posted On May 25, 2020
, By Loren Moss
Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Announces Q1 2020 Results

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced last week the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. Table 1: Financial Summary of Income Statement – Ecopetrol Group Billion...
Posted On May 25, 2020
, By Loren Moss
Photo courtesy Migración Colombia via Twitter
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Guest Analysis: Migration Colombia Adjusts Procedures For Visas & Renewals Due To COVID-19

According to experts and attorneys at Expat Group, Colombia’s foreign ministry and immigration authority, Migración Colombia have taken measures to accommodate those foreign nationals that find themselves within Colombia’s borders during the Coronavirus COVID-19 Pandemic and the associated travel restrictions....
Posted On May 25, 2020
, By Jaime Aristizabal
Avianca 787 united airlines
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Liquidation Begins Of Avianca Peru

Avianca has begun dissolving its Peru subsidiary and will no longer fly domestic flights in the country. In the future, Avianca says it will continue to serve routes to and from Peru through its airline subsidiaries in Colombia, El Salvador and Ecuador, once the restrictions imposed by the authorities under the...
Posted On May 24, 2020
, By Loren Moss
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Viva Air Delivers Medical & Humanitarian Aid To Pandemic-Stricken Leticia, In Colombia’s Amazon

Fundación Viva Air, in alliance with the Antioquia Presente Corporation and other entities have operated a special flight to Leticia, Amazonas to deliver training personnel and 15 tons of food, medical equipment and other vital cargo. The low-cost airline’s charitable foundation is coordinating efforts based in...
Posted On May 19, 2020
, By Loren Moss
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Avianca’s Top Creditors Revealed, One Small Bank Has Half A Billion USD In Exposure

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) confirmed in a filing with the US Securities & Exchange Commission that the information published on May 11 by newspaper El Tiempo, relating to the bankrupt airline’s five largest creditors is accurate. One of the motions the air carrier filed in connection with...
Posted On May 19, 2020
, By Loren Moss
Colombia’s science minister, Dr. Mabel Gisela Torres
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Colombia’s Science Minister Announces $64 Million USD Funding For 88 Regional Biology Laboratories

Dr., Mabel Gisela Torres announced an allocation of over $64 million USD to biology laboratories in 27 Colombian departments for upgrades, training, and other enhancements to facilitate research and fight disease.
Posted On May 18, 2020
, By Loren Moss
Flavia Santoro, president of ProColombia.
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Despite Coronavirus Pandemic, Colombia Still Expects 45 New Foreign Investment Projects From 21 Countries

ProColombia announced new investments from 21 countries totalling $1.477 billion USD generating 17,000 new jobs.
Posted On May 18, 2020
, By Loren Moss
Photo credit Loren Mosss
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JC Decaux Wins 15-Year Bogotá Outdoor Advertising & Information Contract

A joint venture between JCDecaux and Caracol Television has won a contract for bus stop advertising & information in Bogotá for the next 15 years.
Posted On May 18, 2020
, By Loren Moss
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Frontera Energy’s Cost Cutting Is a Positive Development, Says Fitch

Fitch Ratings believes Frontera Energy's (TSX: FEC) cost cutting initiative and reduction in production volumes are positive developments to preserve the company's strong liquidity position.
Posted On May 18, 2020
, By Loren Moss
Photo courtesy Guyana Goldfields
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Gran Colombia Gold Stock Swap Offer Rejected By Guyana Goldfields

Guyana Goldfields Inc. has said that its board of directors has unanimously determined to reject the unsolicited proposal announced by Gran Colombia Gold Corp. made last week to acquire the company in a stock swap.
Posted On May 18, 2020
, By Loren Moss
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Spirit Air To Fly Humanitarian Flights From Colombia to US May 26, 28, 30

The U.S. Embassy has announced that Spirit Airlines will operate 2 humanitarian flights from Colombia to US May 24-27
Posted On May 18, 2020
, By Loren Moss
Image by Sebastian Ganso from Pixabay
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Gran Colombia Gold To Purchase 11.2 MW Solar Project In Tolima

Gran Colombia Gold has announced a deal with Renergetica to purchase the 11.2 MW Suarez Solar Project In Tolima, Colombia
Posted On May 18, 2020
, By Loren Moss
1

While The Global Aviation Industry Faces Crisis, Viva Air Remains In Growth Mode: Exclusive Interview With CEO Felix Antelo

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.
Posted On May 17, 2020
, By Loren Moss
1

Guest Analysis: Colombia Freezes Visa Deadlines & Expirations For Foreigners

According to experts and attorneys at Expat Group, Colombia’s foreign ministry and immigration authority, Migración Colombia have taken measures to accommodate those foreign nationals that find themselves within Colombia’s borders during the Coronavirus COVID-19 Pandemic and the associated travel restrictions....
Posted On May 17, 2020
, By Jaime Aristizabal
Invest Pacific Executive Director Alejandro Ossa Cardenas
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Guest Editorial: Nearshoring, The Best Opportunity On The Other Side Of The Pacific

As companies shift their location strategy from Asia to the nearshore, Cali, Valle del Cauca and Southwest Colombia provide options to be considered, says Alejandro Ossa, executive director of Invest Pacific
Posted On May 12, 2020
, By Alejandro Ossa
Avianca flights delayed and canceled at MDE
1

NYSE to Suspend Trading In & Delist Avianca Shares

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) announced today in a 6K filing with the United States Securities & Exchange Commission (SEC) that the New York Stock Exchange (NYSE) has suspended trading in the Company’s American Depositary Shares, each representing eight preferred Avianca shares as a result of...
Posted On May 12, 2020
, By Loren Moss
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