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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:

[optinform]

  1. Name *
    * Please enter your name
  2. Email *
    * Please enter a valid email address
  3. Message *
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FedEx Launches New Miami-Bogotá-Medellín 767 Route, Expands Presence In Colombia WIth New Medellín Facilities

At an event today in Medellín, FedEx Express (FedEx),a subsidiary of FedEx Corp. (NYSE: FDX) and billing itself as the world’s largest express transportation company, announced the launch of a new flight that will operate six times per week between Miami, Bogota, and Medellin. The new Boeing 767 flight will...
Posted On August 14, 2019
, By Loren Moss
ACI Medellín's Catalina Restrepo with Finance Colombia's Loren Moss
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Passion & Progress Define Catalina Restrepo’s Tenure At The Helm Of Investment Promotion Agency ACI Medellín

Catalina Restrepo has spent just a year and a half at the helm of ACI Medellín, the city’s investment promotion agency. Still, in that time she has been able to leaver her mark and create a legacy. As the current mayoral administration comes to the  close of its four year term, Finance Colombia’s publisher Loren...
Posted On August 13, 2019
, By Loren Moss
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Continental Gold Closes Stream Transaction with Triple Flag Mining Finance

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced the closing of the previously-announced US$100 million gold and silver stream transaction with Triple Flag Mining Finance Bermuda Ltd. Proceeds from the stream will be used for general and working capital purposes and toward construction, commissioning and...
Posted On August 13, 2019
, By Loren Moss
Left to right: Victor Muñoz, Sylvia Constain, Luis Almagro
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Organization of American States Redoubles Efforts To Combat Corruption With Big Data, Artificial Intelligence & Analytics

Prior to the OAS General Assembly held last month in Medellín, Colombia, member countries of the Organization of American States proposed to strengthen the use of technology to combat corruption in The Americas. “According to the Corruption Perception Index prepared by Transparency International in 2018, Colombia...
Posted On August 13, 2019
, By Loren Moss
Photo: Frontera Energy's oil operations in Quifa, Colombia.
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Frontera Energy Wins Petroleum Exploration Rights For Colombia’s Llanos-99 Block

Frontera Energy Corporation (TSX: FEC) has announced that it was awarded the Llanos-99 block in Colombia following the successful Agencia Nacional de Hidrocarburos (ANH) bid round. This is the first new round of exploration licenses in Colombia in the past five years. The Llanos-99 block includes 134,900 acres...
Posted On August 13, 2019
, By Loren Moss
Buses nuevos de Transmilenio en la planta de carrocera de Pereira
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$131.3 Billion COP Bond Placement Oversubscribed For Renovation of Bogotá’s Transmilenio Bus Fleet

A bond issue was successfully completed last month in the amount of $131,350,000,000 Colombian pesos (Approximately $38.6 million USD) to finance the acquisition of the Transmilenio Phase I and II municipal bus fleet for the city of Bogotá’s 80th Street yard.  The transaction was structured by Colombia’s FDN...
Posted On August 13, 2019
, By Loren Moss
A terminal in Bogotá's El Dorado International Airport sits empty. Photo credit Loren Moss 2014
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Amid Macroeconomic, Fiscal Challenges, Fitch Maintains Colombia’s Negative Credit Rating Outlook

Colombia’s recently released Medium-Term Fiscal Framework (MTFF) utilizes optimistic economic growth assumptions and relies on one-off privatization/asset sales and uncertain administrative measures to boost revenues, says Fitch Ratings. As such, risks to achieving challenging fiscal deficit targets and to...
Posted On August 13, 2019
, By Loren Moss
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US Military, Defense Contractors Present in Force at Colombia’s F-AIR 2019 11th Biennial Aviation & Defense Air Show

Every two years for the past 2 decades, Colombia’s air force along with Corferias, a government events promotion agency organize the F-AIR airshow at the José Maria Córdova international airport in Rionegro, Colombia just outside of Medellín. With the United States once again designated as the “guest country,”...
Posted On August 13, 2019
, By Loren Moss
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Uber Fined 2.1 Billion Pesos For Obstructing Government Investigative Visit To Its Offices

Colombia’s Superintendencia de Industria y Comercio, or Superintendence of Industry & Commerce, akin to the US Federal Trade Commission, has announced a punitive fine on Uber Colombia SAS, Uber’s Colombia subsidiary, after Uber officials and lawyers allegedly blocked access by administrators and refused to...
Posted On August 12, 2019
, By Loren Moss
Courtesy of Fitch Ratings
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Impending Recession: Fitch Says Negative Bond Yields Don’t Necessarily Support Sovereign Credit

Negative yields on long-dated government securities are more reflective of distorted market conditions than of stronger sovereign credit profiles, Fitch Ratings says. Lower interest service costs support sovereign creditworthiness, but this must be weighed against the impact of the economic conditions leading to...
Posted On August 12, 2019
, By Loren Moss
Sede Barragán is small and, like many rural Colombian schools, lacks resources. But the students take great pride in their school, which features the colors and design typical of buildings throughout coffee country. (Credit: Jared Wade)
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Cato Institute Scholar: School Choice Increases Earnings in Colombia

There’s an ongoing debate about how we should evaluate the effectiveness of school choice policies. Last month, two education professors argued that standardized test scores should be “the measure of success.” Other education researchers – including myself – contend that we should take a more holistic approach by...
Posted On August 11, 2019
, By Editorial Staff
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Moody’s Downgrades Lifemiles Loyalty Program To B2

Moody’s Investors Service last week downgraded to B2 from Ba2 LifeMiles Ltd.’s corporate family and senior secured ratings. The outlook has been revised to negative from stable. LifeMiles, Ltd. is a coalition loyalty, program and the sole operator of Avianca Airline’s frequent flyer program....
Posted On August 5, 2019
, By Loren Moss
Avicanna CEO Aras Azadian
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Avicanna, Canadian Cannabis Company With Colombian Operations Lists On TSX Stock Exchange

Ontario, Canada based Avicanna Inc. (TSX: AVCN) a company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products, just announced that its common shares have begun trading on the Toronto Stock Exchange (TSX) on Thursday, July 18, 2019 under the symbol “AVCN”....
Posted On August 5, 2019
, By Loren Moss
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Gran Colombia Gold Produces 118,483 Ounces of Gold in H1 2019, Up 12%

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) has announced that it produced a total of 18,882 ounces of gold in June bringing the total for the second quarter of 2019 to 57,882 ounces, up 9% over the second quarter of 2018. For the first half of 2019, the company produced a total of 118,483 ounces of gold, up...
Posted On August 5, 2019
, By Loren Moss
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Fitch Affirms Credivalores’ Long Term Issuer Default Rating at ‘B+’; Revises Outlook to Negative

Fitch Ratings has affirmed Credivalores Crediservicios S.A.S.‘s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’ and Short-Term Foreign Currency IDR at ‘B’. The Rating Outlook was revised to Negative from Stable. Fitch also affirmed Credivalores’ senior unsecured...
Posted On August 5, 2019
, By Loren Moss
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US Government Experts Assess HidroItuango & Rio Cauca Environmental Conditions By Invitation of Colombia’s National Environmental Licensing Authority

At the behest of Colombia’s National Environmental Licensing Authority (ANLA) scientists from the United States government spent two weeks in Colombia observing and analyzing the environmental impacts of the Hidroituango contingency, the troubled hydroelectric dam construction project located in the department of...
Posted On July 30, 2019
, By Loren Moss
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House Arrest For Laude José Fernández Arroyo, Accused of Spying On Avianca’s Pilot’s Union

Colombia’s former intelligence chief, Laude José Fernández Arroyo has been detained and is currently under house arrest; having been charged with illegally wiretapping ACDAC, the pilot’s union that had been involved in a bitter strike with Avianca during 2017. Fernández headed the infamous DAS, Colombia’s...
Posted On July 30, 2019
, By Loren Moss
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Food Pushed Inflation To 3.42% In June, Says Bancolombia

According to analysis provided by Bancolombia, Colombia’s consumer price index recorded a monthly increase of 0.27%, coming in at 6 basis points higher than the 0.21% expected by economic analysts. The inflation rate is higher than that of the past decade, 0.23% Costs of produce (food) drove the increase, buoyed...
Posted On July 30, 2019
, By Loren Moss
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Latin American Oil & Gas Maintains Low Half Cycle Costs Amid Higher Oil Prices, Says Fitch Ratings

According to ratings firm Fitch, Half-cycle costs for Latin American oil and gas companies increased only slightly in 2018 by 3 percent, versus an 11 percent increase the prior year, according to a new  report the firm issued. “The 2018 increase was caused by higher lifting and selling, general, and...
Posted On July 30, 2019
, By Loren Moss
uber colombia
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Uber Offices Closed And Sealed By Bogotá Authorities

Earlier this month, ride hailing firm Uber’s offices in the Plaza Claro commercial center in Bogotá was ordered closed and sealed by authorities. Though Uber’s legality in Colombia is controversial and fiercely opposed by taxi syndicates, the closure seemed to have a curious justification: The lack of a proper...
Posted On July 30, 2019
, By Loren Moss
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Labor Unrest at Rappi?

Earlier this month, according to various eyewitness reports, around 100 independent Rappi delivery contractors burned their trademark orange merchandise totes in front of Rappi’s offices in the north of Bogotá.  Rappi delivery contractors are not employees but independent contractors. Still, the “Rappitenderos” as...
Posted On July 30, 2019
, By Loren Moss
A new Airbus A320neo operated by Avianca. (Credit: Avianca)
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Avianca Sells 14 Airbus Jets To Fortress Transportation

Avianca Holdings S.A. (NYSE: AVH; BVC: PFAVH; “Avianca”) and Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) yesterday announced that, in accordance with Avianca’s fleet plan and the continued implementation of the “Avianca 2021” transformation plan, Avianca has agreed to sell and FTAI has...
Posted On July 25, 2019
, By Loren Moss
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Colombia’s 1st Renewable Energy Auction Faces Peculiar Challenges

Colombia’s First Renewable Energy Auction has been set for October 22, 2019. The government has published the PPA (Power Purchase Agreement) contract and its terms of reference.  There have been several relevant modifications to the auction’s design intended to incorporate February’s lessons and many important...
Posted On July 18, 2019
, By Francisco Sanclemente
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Announces Timing of Regular Quarterly Dividend for Second Quarter 2019

Tecnoglass, Inc. (NASDAQ: TGLS) (BVC: TGLSC) Colombia’s largest manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, today announced that its board of directors has declared a regular quarterly dividend of $0.14 USD per...
Posted On July 2, 2019
, By Loren Moss
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Credicorp Takes Controlling Stake In Bancompartir

Credicorp Ltd. (NYSE: BAP) announced last week that it has reached an agreement to acquire 74.49% of the capital stock of Banco Compartir S.A. one of the leading microfinance banks in Colombia, from a group of shareholders including Colsubsidio, Cafam, Comfandi, Comfenalco Cartagena, and Accion. Closing of the...
Posted On July 2, 2019
, By Loren Moss
Ecopetrol Reficar Coking
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Fluor Subsidiary Stork Wins Ecopetrol Contract For Cartagena & Barrancabermeja Refineries

Fluor Corporation (NYSE: FLR) announced yesterday that Stork, part of Fluor’s Diversified Services segment, together with its consortium partners, was awarded a 4-year framework agreement for plant turnaround services by Ecopetrol S.A. (NYSE: EC BVC: ECO) for its Barrancabermeja and Cartagena refineries in...
Posted On June 26, 2019
, By Loren Moss
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Sura Selects FRISS For Integrated P&C Claims & Fraud Detection In Personal Lines

FRISS and Guidewire Software, Inc. (NYSE: GWRE) announced last week that SURA Colombia (SURA) has deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. According to FRISS, SURA Colombia is the first insurance company to deploy the...
Posted On June 24, 2019
, By Loren Moss
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Eric Sprott To Take $25 Million USD Stake In Continental Gold

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) announced today that Canadian Billionaire Eric Sprott has agreed to purchase 10,645,200 common shares of the company at a price of $3.10 Canadian dollars per share, representing a 2.9% discount to the five-day volume weighted average price ended June 21, 2019, for a...
Posted On June 24, 2019
, By Loren Moss
Avianca's Boeing 787 Plus taking off
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Avianca Confirms Anko Van Der Werff Appointed As New CEO

Avianca has confirmed in a filing with the US Securities and Exchange Commission The Appointment of Anko Van Der Werff as its new CEO effective July 15
Posted On June 18, 2019
, By Loren Moss
Jehudi Castro Sierra with Won Ki Min
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Colombia & South Korea To Sign Pact Of Cooperation On 5G Mobile Networks & Artificial Intelligence

During his visit to Seoul, South Korea, the Deputy Minister of Digital Economy From MinTIC, Colombia’s Ministry of Information & Communications Technogy, Jehudi Castro Sierra, met with his South Korean counterpart Won Ki Min. Won also serves as the head of Artificial Intelligence and Digital Economy issues for...
Posted On June 17, 2019
, By Loren Moss
VivaColombia Colombia airplane el dorado airport (Photo credit: Viva Air)
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Viva Air Adds New Daily Flights Connecting Barranquilla To Both Medellín & Bogotá

As part of its planned expansion. Rionegro Colombia based air carrier Viva Air is adding two daily flights between Barranquilla (BAQ) and Bogotá (BOG), and one daily flight between Medellín (MDE) and Barranquilla, starting immediately. “Viva Air is proud to return to Barranquilla with two routes to and from the...
Posted On June 17, 2019
, By Loren Moss
Frontera Energy Quifa field Meta Colombia oil petroleum
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Standard & Poor’s Adds Frontera Energy To Major TSX Indices

Toronto based upstream petroleum producer Frontera Energy Corporation (TSX: FEC) announced today that the company will be added to the Standard & Poor’s TSX Composite Index, effective prior to the open of trading on Monday, June 24, 2019. The Frontera is also being added to the S&P/TSX Composit...
Posted On June 17, 2019
, By Loren Moss
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Brasil Based Reinsurers Terra Brasis Re & Austral Re To Merge

Austral Re and Terra Brasis Re announced today that they have signed an investment agreement to merge their activities. This union will result in the second-largest Brazilian reinsurer in terms of reinsurance premiums underwritten (R$ 672 million in combined gross premiums underwritten in 2018) and the...
Posted On June 17, 2019
, By Loren Moss
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United States Air Force Thunderbirds To Perform at F-AIR 2019 In Medellín, Colombia

The 11th edition of F-AIR Colombia 2019, the main military aviation trade event in Colombia and one of the most important in Latin America, is returning and set to take place July 11-14 in Rionegro, Colombia. At this semi-annual event entrepreneurs from the civil and military sector, aircraft manufacturers,...
Posted On June 17, 2019
, By Loren Moss
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Latin American IPO Activity Drops Sharply In First Half Of 2019

Latin America saw a sharp decrease in both value and volume of initial public offerings (IPO), largely due to continuing economic and political turmoil in the region compounded by a climate of global economic uncertainty. Across the region in the first half of 2019, there were only two domestic IPOs totaling USD...
Posted On June 17, 2019
, By Loren Moss
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Unido Digital Launches Global Physical Due Diligence Service For Institutional Investors, Auditors, Investment Banks

Medellín based professional services firm Unido Digital has launched a physical asset due diligence, compliance and verification practice to service the investment community, including investment banks, private equity firms, law firms, corporate investors, and high-net-worth individuals. The offering is designed...
Posted On June 16, 2019
, By Editorial Staff
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Moody’s Affirms Interconexión Electrica (ISA) at Baa2

Moody’s Investors Service has affirmed the Baa2 issuer rating of Interconexion Electrica S.A. E.S.P. (ISA). (OTCQX: IESFY) (BVC: ISA) At the same time, Moody’s revised the outlook to stable from negative. This action follows Moody´s recent rating action on the government of Colombia where the rating...
Posted On June 15, 2019
, By Loren Moss
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EU Promotes Intellectual Property Protection For Colombian Small Business Through : IP Key” Initiative

The European Union is sponsoring a project to help small and medium sized businesses in Colombia take full advantage of their rights under Colombian and international intellectual property law. The program is called IP Key, and operates under the auspices of the European Union Intellectual Property Office. Finance...
Posted On June 15, 2019
, By Loren Moss
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Viva Air Adds Cartagena – Lima International Route

As part of its expansion plan in the region, Viva Air has initiated operations of its new bi-directional international route between Cartagena, Colombia (CTG) and Lima, Peru (LIM) from $195 USD round trip, flying Wednesdays, Fridays and Sundays. On June 7, Viva Air’s pink-livery Arbus A320 called “Claudia Obando”...
Posted On June 15, 2019
, By Loren Moss
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Rumors Say Avianca Has A New CEO. The Airline Says “Not So Fast.”

Many business publications are reporting that Colombian airline Avianca’s board of directors has appointed Aeromexico’s Anko Van Der Werff as the airline’s new CEO. Van Der Werff has been serving for the past 5 years with Aeromexico, most recently as Aeromexico’s Chief Revenue Officer, and...
Posted On June 15, 2019
, By Loren Moss
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Tourist Town of Guatapé Becomes First in Colombia to Ban Polystyrene, Single Use Plastics

On May 27, Hernán Dario Urrea Castaño, mayor of Guatapé, Antioquia ratified an agreement to outlaw the reuse or sales of polystyrene, wax paper, plastic straws, glasses or coffee stirrers. Guatapé is a small town approximately 2 hours outside of Medellín that sits on the shore of the Guatapé reservoir, and...
Posted On June 15, 2019
, By Loren Moss
To ensure your sales candidates are true
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Grupo Valorem To Open Four Seasons Hotel In Cartagena’s Getsemaní Neighborhood

Luxury hotel brand Four Seasons Hotels and Resorts Grupo Valorem subsidiary San Francisco Investments, have announced plans to open a luxury hotel and private residences in Cartagena, Colombia’s dominant Caribbean tourism destination. Located in Getsemaní, a neighborhood adjacent to Cartagena’s convention center...
Posted On June 15, 2019
, By Loren Moss
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Moody’s Rates Bogotá & Medellín At Baa2 With Stable Outlook

Moody’s Investors Service has affirmed the Baa2 issuer (local currency) and debt ratings (foreign currency) of Bogota, and also the Baa2 issuer ratings (foreign and local currency) of the City of Medellin; Colombia’s two largest cities, however the outlook for both cities was changed to stable from negative....
Posted On June 15, 2019
, By Loren Moss
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Copa Sees Airline Passenger Decline, Avianca Sees Increase During May

For the month of May, 2019, Copa Holdings, parent company of Copa Airlines (NYSE: CPA), announced that system-wide passenger traffic (RPMs) decreased 2.6% year over year, while capacity (ASMs or Available Seat Miles) decreased 4.6%.  As a result, system load factor for the month was 86.1%, 1.8 percentage points...
Posted On June 15, 2019
, By Loren Moss
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Continental Gold Announces Up To 25.11 g/t Gold Equivalent Sampling Results at Buriticá

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has just announced high-grade channel sampling assay results from eight development drifts being prepared as part of the underground construction at its fully owned Buriticá project in Antioquia, Colombia. Development of the Buriticá project remains on schedule with...
Posted On June 15, 2019
, By Loren Moss
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Barranquilla Colombia’s Tecnoglass & C.I. Energia Solar Certified by Dow For Outstanding Quality : 1st Certified In Latin America

Dow Has Certified Barranquilla, Colombia based Tecnoglass (NASDAQ: TGLS) and affiliated company C.I. Energia Solar as obtaining the highest level of quality in application of Dow’s Silicone products in insulated glass and architectural glass applications. Tecnoglass was certified for insulating glazing...
Posted On June 15, 2019
, By Loren Moss
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Colombia’s ICT Minister Sylvia Constain Announces 700 & 1900 MHz Spectrum Auction, Enhancing Connectivity For Remote Communities

During a “Construyendo País” workshop last Saturday in Inírida, the remote capital of Colombia’s Guainía Department, ICT minister Sylvia Constain said that the process of structuring the spectrum auction in the 700 and 1900 megahertz (MHz) bands will have a greater impact on such remote communities with the...
Posted On June 15, 2019
, By Loren Moss
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Holbertson School Adds Medellín Campus, Offering Innovative Funding Model For Software Programming Students

The Holberton School, a college alternative for training software engineers, last week announced that it has opened a campus in Medellín, it’s second Colombia campus after opening one in the capital of Bogotá. Holberton provides what it calls “Silicon-Valley grade” peer-learning and project-based software...
Posted On June 15, 2019
, By Loren Moss
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OAG: Viva Air #1 In On-Time Performance As Of May 2019

The Official Aviation Guide of The Airways’ (OAG) ‘On-Time Performance Airlines’ report has recognized Viva Air as the most punctual airline in Colombia and the third in Latin America and the Caribbean with 92% punctuality, as of May 2019. This statistic was derived from Viva Air’s total of 2,107...
Posted On June 15, 2019
, By Loren Moss
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Colombia’s Auction for Petroleum Exploration Blocks Receives Historic 19 Bids From 7 Producers

After five years without any new signed hydrocarbons exploration and production contracts, Colombia’s ANH (National Hydrocarbons Agency) in charge of the allocation of oil fields for production, achieved a historic success rate of 55% of the areas offered. Two continental blocks, LLA 87 of the Llanos Orientales...
Posted On June 15, 2019
, By Loren Moss
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Despite New Board, Management Changes, Fitch Downgrades Avianca Holdings To B- & Negative Ratings Watch

Fitch Ratings has downgraded  Avianca Holding’s  (NYSE: AVH) (BVC: PFAVH),Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to ‘B-‘ from ‘B’ and its USD $550 million senior unsecured notes to ‘CCC+’/’RR5’ from ‘B-‘/RR5’. Fitch has...
Posted On June 15, 2019
, By Loren Moss
oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)
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Frontera Energy Elects Directors, Announces Dividend

Frontera Energy Corporation (TSX: FEC) on May 29 held its annual general and special meeting of shareholders where each of the seven nominees proposed as directors and listed in the Frontera’s management proxy circular dated April 18, 2019 were elected as directors. A total of 74,846,839 common shares were voted...
Posted On June 14, 2019
, By Loren Moss
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BPrO: $8.2 Million USD in Deals Done During 2019 Colombia Customer Experience Summit

After the close of last month’s Customer Experience Summit organized by outsourcing industry association BPro (formerly ACDECC), the association announced the signing of trade agreements for approximately USD $8.2 million dollars between buyers and sellers of contact center and customer experience services and...
Posted On June 13, 2019
, By Loren Moss
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Guest Contribution: Real Collaboration Between Colombia’s BPrO & Jamaica’s JAMPRO

For the second year in a row I had the opportunity to the Customer Experience Summit in Bogota, Colombia, organized by the Colombian BPO and Call Center Association now called BPro. This year, the 16th Customer Experience Summit also incorporated the 9th Annual Awards for Excellence in Customer Interaction. Held...
Posted On June 13, 2019
, By Nicholas Sutherland
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CDPQ and IFC Acquire 50% of Colombia’s Alianza: Brokerage, Trust & Asset Management

Australis Partners, an independent private equity firm focused on Latin America, in association with Caisse de dépôt et placement du Québec (CDPQ), a Canadian institutional investor and the International Finance Corporation (IFC), a member of the World Bank Group, today finalized the acquisition of the 50 percent...
Posted On June 13, 2019
, By Loren Moss
Avianca ATR 72-600
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Avianca Sells Regional Airline Subsidiaries in Nicaragua & Costa Rica

Avianca Holdings S.A.,  (NYSE: AVH) (BVC: PFAVH), through its subsidiaries Grupo Taca Holdings Limited and Nicaraguense de Aviacion S.A., closed the sale of its shares in Turboprop Leasing Company Ltd., parent company of the Costa Rican airline Servicios Aéreos Nacionales S.A (SANSA) and in Nicaraguan airline...
Posted On June 13, 2019
, By Loren Moss
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Aerial Combat: United Airlines Ejects Avianca Chairman Efromovich, Replaces Him With Arch-Nemesis Kriete

Last week United Airlines (NASDAQ: UAL) moved to remove longtime chairman and controlling shareholder Germán Efromovich from Avianca’s  (NYSE: AVH) (BVC: PFAVH), board of directors. Adding insult to injury, United installed Roberto Kriete as the board’s new chairman. All this while Avianca remains without a...
Posted On May 27, 2019
, By Loren Moss
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Interjet Launches New Route Between Medellín & Mexico City, Adding Options For North American Connectivity

Interjet Airlines is beginning service between Mexico and several South America destinations including Medellín, Colombia, Guayaquil, Ecuador and Lima, Peru. These new flights will serve both the business and leisure traveler expanding Interjet’s footprint into South America. “South America is a growing and...
Posted On May 26, 2019
, By Loren Moss
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Multinational Executive Captured For Spying For & Funding ELN Terrorist Group In Colombia

In “Operation Poena,” conducted jointly between Colombia’s National Police, Argentina’s Federal Police and Interpol, 74 year old Argentine executive Roberto Jorge Rigoni was captured in Campana, Argentina, 90 kilometers outside of Buenos Aires. According to Insight Crime, Rigoni was a top...
Posted On May 24, 2019
, By Loren Moss
Photo credit: Kevin_John_Mauricio from Pixabay
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Clearing Skies: Moody’s Upgrades Colombia Outlook to Stable from Negative

Moody’s Investors Service yesterday changed the outlook on the Government of Colombia to stable from negative. Concurrently, Moody’s has affirmed Colombia’s long-term local and foreign-currency issuer, senior unsecured debt ratings and foreign-currency shelf senior unsecured ratings at Baa2. The...
Posted On May 24, 2019
, By Loren Moss
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Gathering Clouds: Fitch Ratings Just Revised Colombia’s Credit Rating Outlook To Negative From Stable

Fitch Ratings has announced today that it has affirmed Colombia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ and revised the Rating Outlook to Negative from Stable. Colombia’s Negative Outlook reflects risks to fiscal consolidation and the trajectory of government debt,...
Posted On May 23, 2019
, By Loren Moss
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Finance Colombia To Participate In GFC Media’s Project Finance & Capital Markets Symposium In Miami

Hosted by GFC Media Group, Project Finance & Capital Markets Latin America, exclusively designed for projects in Latin America to be unlocked, and innovative financing solutions in capital markets can be discussed, will be launching on September 4th 2019, at The Four Seasons Hotel, in Downtown Miami. Since the...
Posted On May 23, 2019
, By Loren Moss
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Mitsubishi Electric Threatened By Criminal Group, Employees Called “Military Objectives”

Japanese multinational Mitsubishi Electric (TYO: 6503) has received threats via an anonymous pamphlet that threatens several managers and supervisors of its Bello, Antioquia factory, and accuses several employees as being complicit with the “Pachelly” criminal gang active in the area; this according to an article...
Posted On May 22, 2019
, By Loren Moss
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Carlos Fiorillo Appointed New Head of Latin America for Fitch Ratings

Today Fitch Ratings announced the appointment of managing director Carlos Fiorillo as head of Latin America, effective immediately. Fiorillo succeeds Peter Shaw, who has retired after 25 years of service at Fitch. Most recently, Fiorillo was the head of Fitch’s Mexico operations, a position he assumed in April...
Posted On May 22, 2019
, By Loren Moss
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Civil & Geotechnical Engineers Invited Landslide & Erosion Mitigation Seminar in Medellín

Next May 28th in Medellín’s Hotel Intercontinental, engineers from around the country are invited to a seminar and workshop on flexible technical solutions for the control and mitigation of geologic and geotechnical risks, led by Geobrugg AG – Warco with support from the Colombian Chamber of Infrastructure’s...
Posted On May 21, 2019
, By Loren Moss
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Liberty Mutual’s Colombia Unit Sells Life Insurance, Occupational Risks Lines To Seguros Bolivar

Liberty Seguros, subsidiary of US based Liberty Mutual Insurance Group, is selling its group, labor and individual life insurance business in Colombia to local insurer Seguros Bolivar. Finalization of the transaction is subject to the approval of Superfinanciera, the Financial Superintendence of Colombia and the...
Posted On May 21, 2019
, By Loren Moss
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March Hotel Occupancy In Colombia Reported Best In 11 Years

José Manuel Restrepo, Colombia’s Minister of Commerce, Industry and Tourism has announced a hotel occupancy rate for March of this year of 58.44% reached by hotel occupancy in March, according to figures released by DANE, Colombia’s national statistics agency. For Restrepo, this result, the highest for the month...
Posted On May 21, 2019
, By Loren Moss
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Fitch Ratings Ratifies Colombian Power Generator Isagen At AAA and F1+ & BBB International Rating

Fitch Ratings ratified the BBB international rating and the AAA and F1 + national long and short-term ratings, respectively, of ISAGEN S.A. E.S.P., all with stable perspective. Likewise, it affirmed the AAA rating of local bond issuances of ISAGEN, and the AAA and F1 + the long and short-term issuances,...
Posted On May 20, 2019
, By Loren Moss
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Royal Road Minerals Lines Up Equity Financing To Purchase AngloGold Ashanti Colombia Assets

Toronto, Ontario based Royal Road Minerals Limited (TSXV:RYR) has announced that it has entered into an agreement with Canadian investment advisors Pollitt & Co. Inc. as its agent in connection with a proposed private placement offering of up to 40 million ordinary shares of Royal Road, at a price of $0.20 per...
Posted On May 20, 2019
, By Loren Moss
la cira infantas ecopetrol loan cash on hand
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Colombia’s House of Representatives Approves Hydraulic Fracturing (Fracking) Studies

Colombia’s house of representatives approved as part of its National Development Plan last week, authorization for the Ministry of Mines & Energy to study the possibility of introducing Hydraulic Fracturing, nicknamed “Fracking,” in Colombia. The unconventional petroleum and gas extraction method involves...
Posted On May 20, 2019
, By Loren Moss
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Colombian Unicorn: Rappi Raises Mammoth $1 Billion Investment From SoftBank Group

Bogotá based Rappi, an on-demand delivery startup operating in Latin America, has announced an investment of up to $1 billion USD from Japanese tech giant SoftBank Group Corp and SoftBank Vision Fund. The investment marks the largest technology financing to date in a Latin America-based company and, upon transfer...
Posted On May 20, 2019
, By Loren Moss
Viva Air Airbus A320 at Medellín's José Maria Córdova International Airport MDE (Photo credit Loren Moss)
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Cartesian Capital Group To Make $50 Million USD Investment in Viva Air

The Viva Air Group and Cartesian Capital Group have announced Cartesian’s capital investment of $50 million to contribute to the growth and internationalization of the airline in Colombia, Peru and more destinations. “The fact that a private global capital firm such as Cartesian has selected the Viva Air...
Posted On May 19, 2019
, By Loren Moss
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Gran Colombia Gold Reports Record Quarterly Gold Production For Q1 2019

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced Thursday its first quarter 2019 results up to March 31, 2019, highlighting record breaking gold production and low production costs. In a written statement, the gold miner operating Marmato and Segovia gold mines in Colombia issued upbeat results for...
Posted On May 19, 2019
, By Loren Moss
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Continental Finds Even More Gold In New Discovery At Its Buriticá Mine

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) yesterday announced high-grade assay results from the initial 12 holes drilled into BMZ4, a new discovery located in the eastern-most part of the Yaraguá system at its 100%-owned Buriticá project in Antioquia, Colombia. Continental Gold plans to drill up to 73,500...
Posted On May 16, 2019
, By Loren Moss
Photo credit: John Dickinson, Chorley UK
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Chevron Texaco Gets Regulatory Go-Ahead To Complete Purchase Of Primax Interest In Fuel Terminals In Colombia

Chevron Petroleum has received a green light from Colombia’s Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio) to purchase Peru-based Primax’s interest in their jointly owned petroleum terminals in the Cali suburb of Yumbo, and the Pacific port city of Beunaventura; exercising...
Posted On May 15, 2019
, By Loren Moss
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Is Avianca In Trouble? Standard & Poor’s Downgrades Avianca Holding’s Credit Rating to CCC+ & LifeMiles down to B

According to Standard & Poor’s, Avianca Holding’s plans to refinance its $550 million (USD) senior unsecured notes has taken longer than expected, given several reasons. These include delays to clear certain contractual proceedings with Avianca’s shareholders associated with a breach of covenants...
Posted On May 14, 2019
, By Loren Moss
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ZFB Group Opens Multitenant BPO Oriented Facility In Cali

Cali has become a strategic point for investment in Colombia’s services sector, earning the moniker “hometown of Corporations”, with more than 150 domiciled in the Valle de Cauca region, servicing national and international markets. The region has 4.7 million inhabitants and it has a GDP of USD $28 billion, as of...
Posted On May 14, 2019
, By Loren Moss
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New Research On Mature Oilfield Recovery Released

ARPEL recently launched the white paper “Systemic Approach to Improve Recovery Factors of Oil Resources,” which aims to share with various stakeholders options to improve the recovery factors of mature oil reservoirs in a systemic way. In particular, an evaluation was made of the various policies and...
Posted On May 14, 2019
, By Loren Moss
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WEF, Colombian Government Announce Low-Carbon Investment Fund, Anti-Deforestation Commitment

The World Economic Forum’s (WEF) Tropical Forest Alliance annual meeting just concluded in Bogotá, Colombia, and the WEF has announced a number of commitments that will contribute to the Alliance’s goal of protecting the world’s tropical rainforests. The meeting took place the same week world scientists warned...
Posted On May 13, 2019
, By Loren Moss
gold zonte metals gran colombia gold eco oro mineral corp
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Royal Road Minerals Appoints Social/Environmental Expert Liz Wall To Board of Directors

Toronto based Royal Road Minerals Limited (TSXV:RYR) has announced the appointment of  social development and environmental specialist, Liz Wall to the Board of Directors. According to Royal Road, Wall has over twenty years of global experience assessing and addressing social and environmental risks and impacts...
Posted On May 13, 2019
, By Loren Moss
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1 Dead at Gran Colombia Gold’s Segovia Mine

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) reported today, expressing regrets that a miner has succumbed to injuries suffered in an accident at its Segovia Operations last Thursday when a cable on an elevator transporting 20 miners from level 8 to level 12 in the Providencia mine failed. The company’s...
Posted On May 13, 2019
, By Loren Moss
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New Speakers Announced For Digital Transformation Andes 2019

With just over a month to go, the Digital Transformation Andes Summit, held at the Habitel Hotel & Convention Center in Bogotá near the El Dorado International Airport has announced exciting new speakers relevant to executives charged with making key strategy and IT decisions in their enterprises. Amikam...
Posted On May 12, 2019
, By Loren Moss
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Colombia’s 13th Feria de las 2 Ruedas Motorcycle Industry Event Breaks All Previous Records

“Like everything a success”, said event organizer Guillermo Pajón. Colombiá’s Feria de las 2 Ruedas motorcycle industry event offered something for everyone: Industry businesspeople, importers, exporters from around the world, and on the last two days of the expo, doors opened to the public. 63,250...
Posted On May 12, 2019
, By Loren Moss
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EPM Orders Emergency Evacuation Of Troubled Ituango Hydroelectric Dam Due To Water Seepage

Medellín based utility company EPM (Epresas Públicas de Medellín) announced that over the weekend it announced an evacuation of 105 workers on the Ituango Hydroelectric Dam, hours north of Medellín. The evacuation was due to water leakage around the inlet from the reservoir to generation unit number 4. While the...
Posted On May 12, 2019
, By Loren Moss
Photo credit - https://imgur.com/user/josemanueldaes
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Tecnoglass Reports Record 8th Consecutive Revenue Quarter, 23% Increase to $107.2 million USD For Q1 2019

Tecnoglass, Inc. (NASDAQ: TGLS) Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, Thursday reported financial results for the first quarter ended March 31, 2019. First Quarter 2019 H...
Posted On May 12, 2019
, By Loren Moss
Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Frontera Energy Output in Colombia up 4%

Petroleum producer Frontera Energy (TSX:FEC)has announced an increase in production to 65,560 barrels of oil per day , equivalent in the first quarter of 2019, up 4% from the same quarter last year. The Canada based company with operations in Colombia attributes the increase to production in their Quifa field,...
Posted On May 12, 2019
, By Loren Moss
Juan Carlos Mendoza - photo courtesy of Superfinanciera de COlombia
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Superfinanciera Appoints Economist Juan Carlos Mendoza as Delegate for Supervision of Market Risk & Liquidity

Colombia’s financial superintendent Jorge Castaño Gutiérrez has appointed the economist Juan Carlos Mendoza as the delegate for the Supervision of Market Risk and Liquidity for Superfinanciera, Colombia’s financial regulatory body. Mendoza worked for more than 10 years in the Bank of the Republic of Colombia where...
Posted On May 12, 2019
, By Loren Moss
Sam Gross (l) Speaking At Ruta-N
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Sam Gross Discusses Ruta-N’s DAPI Initiative: Training Colombian RPA Talent & Connecting It With The World

Digital Americas Pipeline Initiative, or DAPI is a binational company founded last year with offices in Colombia and the US. The Colombian operation is housed in Medellín’s Ruta-N. The company seeks to train and provide RPA (Robotics Process Automation) and other IT talent to enterprise clients in North America,...
Posted On May 6, 2019
, By Loren Moss
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Trump Nominates Philip S. Goldberg As New US Ambassador to Colombia

The White House yesterday released a statement announcing President Donald Trump’s intention to appoint Ambassador Philip Goldberg as the ambassador to Colombia, replacing Kevin Whitaker. Mr. Goldberg is a career member of the Senior Foreign Service, class of Career Ambassador, and is currently the Senior...
Posted On May 2, 2019
, By Loren Moss
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US FAA Issues Emergency Order Restricting Flights Over Venezuela

The United States Federal Aviation Administration (FAA) has issued an emergency “Notice To Airmen” (NOTAM) that restricts US flights and pilots, except those working for foreign commercial air cariers, from flying over Venezuela, with the exception of high altitude flights over 26,000 feet above mean...
Posted On May 1, 2019
, By Loren Moss
Oil Pump Courtesy Kobiecanka - Pixabay
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New petroleum Industry Event, “Colombia Oil & Gas” To Be Held In Bogotá July 10-11

The upcoming international congress and exhibition “COLOMBIA OIL AND GAS” is a business platform for developing effective strategies, sharing experiences, presenting new investment projects and innovations, consolidating efforts of governments and business to implement oil and gas projects and to increase the...
Posted On April 24, 2019
, By Loren Moss
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Marketing Expert Didier Lagae Visits Bogotá to Launch ”Marca Pais” Country Branding Textbook.

Last week in Bogotá, branding & reputation expert Didier Lagae presented at a lunch reception and discussion at the Grand Hyatt Bogotá his new book “Marca País, un país como marca.” The book presents the main challenges in professional brand management of an entire country and offers numerous case...
Posted On April 23, 2019
, By Loren Moss
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Tecnoglass CFO Santiago Giraldo Discusses The Company’s Impressive Growth, Explains The Saint Gobain Deal: Exclusive Interview

Barranquilla Colombia glass manufacturer Tecnoglass (NASDAQ: TGLS) (BVC:TGLSC) has been busy the past year and a half. After posting strong growth numbers in the US, its major export market, the company purchased a large stake in Saint Gobain’s Colombia glass manufacturing facility and announced plans to build...
Posted On April 23, 2019
, By Loren Moss
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Finance Colombia Launches Andes Digital Transformation Summit, June 12-13 In Bogotá

Finance Colombia, in conjunction with Unido Digital S.A.S. as organizer, is launching the first summit focused on CEOs, CIOs, and other executives with responsibility for IT and strategy decisions. Taking place June 12-13 at the Habitel Hotel & Convention Center in Bogotá near the El Dorado International...
Posted On April 23, 2019
, By Editorial Staff
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Regional Petroleum Trade Association Seeks More Women Leaders in Oil & Gas

The Regional Association of Oil, Gas and Biofuels Sector Companies in Latin America and the Caribbean (ARPEL) has announced last week its signature of the statement of support to the Women’s Empowerment Principles promoted by UN Women and the United Nations Global Compact. The Chairman of the Board of...
Posted On April 22, 2019
, By Loren Moss
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Colombian, Caribbean Rums Participate in Miami Rum Festival, May 17-18

In 2008, the Miami Rum Festival began as a small but elegant rum tasting event at Coral Gables’ historic Venetian Pool with 54 luxury rums and 150 rum enthusiasts in attendance. Eleven years later — after growing the event to be the biggest gathering of rum experts and professionals in the world — event producers...
Posted On April 22, 2019
, By Loren Moss
León de Greiff Auditorium, National University of Colombia, 7 March 2007. Photo credit Julián Ortega Martinez
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Report: 15,000 Venezuelans Employed By ELN, Other Guerillas Near Colombian Border

Criminal groups from Colombia have become the major source of employment in Venezuelan villages across the border as they recruit victims of the Venezuelan crisis in order to expand and build up their criminal power, according to a report by a human rights organization. Guerrilla groups like the National...
Posted On April 19, 2019
, By Loren Moss
Centro Argos, under construction earlier this year.
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Bogotá #2 High End Office Market in South America says Cushman & Wakefield

Bogotá continues to consolidate itself as a leader in the high end office market according to a study performed by global real estate firm Cushman & Wakefield. According to the study, Bogotá comes in second, just after Santiago de Chile, with 167 m2 of class A space per 1,000 inhabitants. The Colombian capital...
Posted On April 17, 2019
, By Loren Moss
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Nonprofit Seeking to Place Indigenous & Afrodescendants from Colombia & Brasil into US MBA programs Gets 1st Candidate Into Harvard Business School & Northwestern’s Kellogg School of Management

TalentoTotal’s first TotalMBA Prep Fellow, Thomaz Barbosa, recently earned acceptance to the Full-Time MBA Programs at both Harvard Business School (HBS) and the Northwestern University Kellogg School of Management. TalentoTotal, an international non-profit organization created in 2018, seeks to build an...
Posted On April 13, 2019
, By Loren Moss
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