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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 *
    * Please enter message
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Lawsuit Accusing Dole Food Co. Of Financing Paramilitaries Thrown Out Of Court, Plaintiffs & Their Lawyers Sanctioned

Dole Food Company, Inc. today announced that the Los Angeles Superior Court dismissed with prejudice the case Perez v. Dole Food Company, Inc. The lawsuit, which was filed in 2009, had been brought by 167 Colombian plaintiffs claiming that Dole had funded the Autodefensas Unidas de Colombia (AUC) paramilitaries...
Posted On March 9, 2016
, By Loren Moss
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Trinidad & Tobago Breaks Through Into Top Tier Of Global Services Destinations

The global landscape for service delivery, whether Business Process Outsourcing (BPO) or in-house shared services is never static. Global executives in the process of short-listing locations are unwise to simply return to the default choices of a decade ago. Things change. There is no better proof of this than the...
Posted On March 9, 2016
, By Loren Moss
Photo courtesy Pixabay
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Inter-American Development Bank & Bancoldex To Fund Colombian Rural Renewable Electricity

The Inter-American Development Bank (IDB), through the Banca Nacional de Desarrollo, has announced the approval of a loan for $9.3 million to promote private investment in the generation of renewable energy in areas of Colombia that are isolated or not interconnected to the national electricity grid. About 60...
Posted On February 29, 2016
, By Loren Moss
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Digital Marketing Agency Demand Frontier Stakes Claim In Medellín, Sees Rapid Growth

Demand Frontier is a digital marketing agency founded in Texas, with a rapidly growing outpost in Medellín. The business-to-business firm services Fortune-500 companies from both locations, but sees Colombia as key to its plans for growth. Finance Colombia executive editor Loren Moss had a chance to speak with...
Posted On February 28, 2016
, By Loren Moss
Bogotá - Villavicencio © Loren Moss
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Sura Asset management & Credicorp Capital Lauch Investment Vehicle To Fund Colombia’s 4G Highway Infrastructure Program

Medellín based SURA Asset Management and Peru’s Credicorp Capital  have announced a strategic alliance creating a new fund in order to invest  $1.3 billion COP (approximately $400 million USD) in Colombia’s “fourth generation” (4G) roadway infrastructure projects. The professional manager of the newly created fund...
Posted On February 28, 2016
, By Loren Moss
Photo © Loren Moss
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Everest Group Says Colombia Is A Rising BPO Destination, But Needs To Promote Itself Better: Exclusive Interview

The Global analyst firm Everest Group has released a comprehensive, 165 page report (available here) covering global service delivery locations, and the report cites Colombia as a nascent location in the global services market. While the country still has only a small share of the IT services market, for example,...
Posted On February 28, 2016
, By Loren Moss
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OECD: Colombia’s Health Care Is Universal In Coverage, But Serious Accessibility, Parity & Efficacy Challenges Remain

According to an OECD report, Colombia has significantly improved its health system over the past 20 years, leading to a rise in life expectancy and a fall in infant mortality. Infant mortality has fallen from 40 deaths per 1 000 live births in 1970 to 12.8 and life expectancy at birth reached 75.2 years in 2013....
Posted On February 28, 2016
, By Loren Moss
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IMF Head Christine Lagarde Praises Colombia’s Fiscal, Monetary Policy

During an interview earlier this month, International Monetary Fund (IMF) head Christine Lagarde was queried by IMF communications director about how various emerging economies were handling the current slump in commodities prices, especially petroleum. Lagarde singled out Colombia as navigating the turbulence in...
Posted On February 28, 2016
, By Loren Moss
Ecopetrol Reficar Coking
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Ecopetrol Launches $478 Million USD Austerity Plan To Weather Low Oil Prices

Given the challenging petroleum price environment observed since the beginning of 2016, Ecopetrol S.A. (BVC:ECOPETROL; NYSE:EC; TSX:ECP) has announced that it will seek to save an additional $1.6 trillion COP ($478.736 million USD) through 2016. This comes after the company announced that during 2015 the state...
Posted On February 28, 2016
, By Loren Moss
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Brasil’s Stefanini Buys Paipa, Boyaca Based ERP Integrator Sysman

São Paulo based Stefanini, a $1B global provider of IT outsourcing, applications management and consulting, and strategic staffing services, has announced that it has acquired Paipa, Boyacá based Government ERP provider Sysman SAS, which will change its name to Stefanini Sysman going forward. In Colombia, Sysman...
Posted On February 28, 2016
, By Loren Moss
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TransUnion Buys CIFIN: Colombian Credit Bureau

US based credit reporting agency TransUnion (NYSE: TRU) has acquired a 71% ownership interest in Central de Informacion Financiera (CIFIN), one of two primary Colombian credit bureaus; the other being DataCrédito, already owned by TransUnion competitor Experian. In addition to its US operations, TransUnion...
Posted On February 28, 2016
, By Loren Moss
Bogotá headquarters of Banco de la República (Banrepublica). Photo credit Juan Enrique Rodríguez, courtesy Banrepublica
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Colombia’s Central Bank Raises Interest Rate 25 Basis Points In Gambit Against Inflation

Colombia’s central bank moved to tighten Colombia’s money supply yesterday, by raising the benchmark interest rate a quarter of a percentage point to 6.25%. Colombia is facing inflationary pressures due to the precipitous fall of its Colombian peso against the US dollar, falling over 30% in 2015. Even though...
Posted On February 20, 2016
, By Loren Moss
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Epson’s Colombia Head Discusses Textiles Entrepreneurship with Finance Colombia

Epson launched its SureColor F9200 dye sublimation printers at Colombiatex, Colombia’s textile industry trade show this year. The SureColor line of dye sublimation printers allow designers and producers to print intricate, full color designs either directly on fabric, or on papers transferrable to fabric, for use...
Posted On February 19, 2016
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Appoints Adolfo Tomas Hernández As Vice President of Refining & Industrial Processes

Ecopetrol (BVC:ECOPETROL; NYSE:EC; TSX:ECP) has announced that effective February 15, chemical engineer Adolfo Tomás Hernández Núñez has been appointed the new vice president of refining and industrial processes for the Colombian-government controlled petroleum company. Hernandez has worked for 37 years in the oil...
Posted On February 19, 2016
, By Loren Moss
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Colombia’s Regulatory Authority Orders Cooper Gay To Suspend Operations In Colombia

Superfinanciera, Colombia’s Financial Superintendence that oversees banking and insurance operations, has issued Resolucion 0130 de 2016, a cease and desist order against Cooper Gay Ecuador C.A. Intermediario de Reaseguros, demanding that they suspend all reinsurance intermediation within Colombia. The...
Posted On February 19, 2016
, By Loren Moss
Photo credit bruceg1001 - flickr https://www.flickr.com/photos/62697772@N02/8161979478
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Citibank To Exit Colombia, Brasil, Argentina Consumer Banking & Credit Card Operations: Region had “No Material Effect On Citi Net Income”

New York – Citi (NYSE:C) today announced its intention to exit from consumer banking operations in Brasil, Argentina and Colombia. The businesses, which include retail banking and credit card operations, will initially be transferred from Citicorp into Citi Holdings and will report financial results as part of...
Posted On February 19, 2016
, By Loren Moss
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Proyecto Vida Silvestre Releases 20 Critically Endangered Orinoco Crocodiles Into Tuparro National Park

20 Orinoco Crocodiles (Crocodylus Intermedius) were reintroduced into their natural habitat this month, in the Tuparro National Park, the same environment that received 21 crocodiles in May of last year. Orinoco Crocodiles (Caimán Llanero in Spanish) are a critically endangered species with very few remaining in...
Posted On February 19, 2016
, By Loren Moss
From left: André Almeída, Unisys commercial industry leader; Antonio José Pérez, Director of services and IT infrastructure for EPM, and Juan Villegas, Unisys client executive for Central Latin America, South, and Andes. Photo courtesy of Unisys.
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EPM Wins Global Award for IT Excellence

Empresas Publicas de Medellin (EPM), the municipally owned multinational utility company based in Medellín, Antioquia was announced the winner of the Lighthouse Innovation Awards 2015 prize, for setting itself apart as a visionary and leader in applying modern technologies to resolve its IT challenges. Above...
Posted On February 19, 2016
, By Loren Moss
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Breaking News: Ecopetrol to Delist From The Toronto Stock Exchange

Ecopetrol’s  (BVC:ECOPETROL NYSE:EC TSX:ECP) board of directors has decided to delist the Ecopetrol ADRs (Depositary Receipts) from the Toronto Stock Exchange, pursuant to section 720 of the TSX Companies’ Manual. The decision was based, according to a statement put out this evening by Ecopetrol, due to the low...
Posted On February 17, 2016
, By Loren Moss
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Software Developer Rainbow Tree, Conceived in Chicago, Chooses Medellin’s Ruta-N As Home Base

Rainbow Tree is a software company dedicated to providing early childhood education software that engages young learners, and can be utilized in a scholastic or home environment. Conceived in the US, Rainbow Tree’s founders decided to stake their claim in Medellin’s Ruta-N; a business incubator and entrepreneurial...
Posted On February 16, 2016
, By Loren Moss
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Sheraton Hotel, Habitel, Groove Studios Found Guilty, Fined For Blocking Mobile Phone Signals Of Visitors

Colombia’s Agencia Nacional del Espectro (National Spectrum Agency) and MINTIC (Ministry of Information and Communication Technology) have imposed fines on three hotels operating in Bogotá for unlawfully using electronic devices to jam mobile phone signals within their premises.  The hotels found culpable are the...
Posted On February 16, 2016
, By Loren Moss
Photo of Chubb’s Sunbury Cross, UK offices copyright David Howard and licensed for reuse under this Creative Commons License.
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After ACE & Chubb Insurance Merger, Moodys Rates Colombian Subsidiary A3 Global / Aaa.co National

Moody’s Investors Service has affirmed the insurance financial strengths (IFS) ratings of Chubb de Colombia Compañía de Seguros S.A. after the completion of the ACE and Chubb merger by Switzerland-based Chubb Limited (NYSE: CB, formerly named ACE Limited). The merger created the largest publicly traded...
Posted On February 16, 2016
, By Loren Moss
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Bogotá Design Festival Returns March 1-5

Various locations throughout the north side of Bogotá will host events that together make up the second annual Bogotá Design Festival, to take place from March 1-5.  The free event seeks to connect citizens and visitors of Colombia with design and innovation, also to contribute to the cultural, creative, and...
Posted On February 15, 2016
, By Loren Moss
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Ecopetrol Wins Third Accenture Innovation Award For Its EcoDiDesh Crude Oil Dehydration Technology

Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP) has won, for the third time, the Accenture Innovation Prize for its EcoDiDesh technology for removing moisture from heavy crude oil products in a more efficient manner than traditional methods. Launched in 2012, this award represents Accenture’s third competition, and is...
Posted On February 15, 2016
, By Loren Moss
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Inter-American Development Bank Offering Grants in Latin America & Caribbean To Promote ‘Regional Public Goods’

The Inter-American Development Bank (IDB) launched the 2016 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for development through regional cooperation....
Posted On February 15, 2016
, By Loren Moss
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Presidents Obama, Santos Mark 15 Years of Bilateral Plan Colombia; Discuss Peace Process, Combating Crime, Zika Virus

Last week, Colombian President Juan Manuel Santos visited US President Barack Obama in the White House to discuss ongoing issues, and commemorate 15 years of US diplomatic, military, and social aid to Colombia via the package known as Plan Colombia. Colombia and Chile are the United States’ most consistent allies...
Posted On February 15, 2016
, By Loren Moss
Valentine's day is an important date for Colombian exports (graphic courtesy ProColombia)
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2016 Sees Records Broken For Valentine’s Day Flower Shipments From Colombia To US, Europe, Asia

2016 marked another record year for bilateral trade between Colombia and the US in the area of flower exports. Over half a billion flowers were shipped to North America from Colombia for the Valentine’s day holiday, last Sunday. According to ProColombia, Colombia’s export promotion agency, in 2015, Colombia...
Posted On February 15, 2016
, By Loren Moss
EIG Global Energy Partners’ CEO and Harbour Energy’s co-chairman R. Blair Thomas
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Harbour / EIG continues pursuing Pacific Exploration & Production, Reduces Tender Offer For Debt To 16% Of Face Value

While initially offering $175 per $1,000 face value of delinquent Pacific Exploration & Production (TSX: PRE) (BVC: PREC) notes due between 2019 and 2015, Harbour Energy subsidiary EIG Pacific Holdings has revised downward its offer to $160 per $1,000 face value, and amended other important terms of its tender...
Posted On February 11, 2016
, By Loren Moss
Corferias hosts many events such as ExpoVino 2015 pictured here (photo credit: Loren Moss)
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ProColombia Hosting Macrorrueda 60: International Business Matchmaking Forum At Corferias In March

Macrorrueda 60, the Colombian Business Matchmaking Forum, sponsored by ProColombia will take place March 17-18, 2016 at the Corferias conference center in Bogotá. The event aims to introduce 2,000 Colombian suppliers with more than 1000 international buyers. During this 2-day event, buyers are presented with a...
Posted On February 11, 2016
, By Loren Moss
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Pacific Exploration Gets Another Extension On Liquidity Deadline To February 26, Still In Arrears

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the Toronto based petroleum company’s lenders have agreed to extend the liquidity deadline to 11:59 pm EST on February 26, 2016, which is the end of the existing waiver period. The waivers obtained by the company provide relief...
Posted On February 5, 2016
, By Loren Moss
The Techniamsa Waste Incenerator in Mosquera, outside of Bogotá is a Findeter financed project. (photo courtesy of Findeter)
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Colombia’s State-Backed Development Banks In Good Shape, Says Fitch

Fitch Ratings last week published a peer review of four state-owned financial institutions in Colombia: Banco Agrario de Colombia S.A. (Banagrario), Banco de Comercio Exterior de Colombia S.A. (Bancoldex), Financiera de Desarrollo Nacional S.A. (FDN) and Financiera de Desarrollo Territorial S.A. (Findeter).  While...
Posted On February 3, 2016
, By Loren Moss
Bruno Freire is the CEO of Rio de Janeiro based Austral Resseguradora
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Brasil’s Austral Resseguradora Expands Into Colombia & Ecuador

Five year old Brazilian reinsurance company Austral Resseguradora has received authorization to operate in Colombia and Ecuador, the Rio de Janeiro firm has announced. The firm is a subsidiary of Austral Participações S.A. Aside from operations in Brasil, Colombia and Ecuador, the reinsurer already operates in...
Posted On February 3, 2016
, By Loren Moss
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Fundación Cardiovascular de Colombia Does Sale-Leaseback Of Bucaramanga Hospital With Rizk Ventures & Goldman Sachs

Rizk Ventures, LLC has announced that its subsidiary Rizk Ventures Colombia and Goldman Sachs have created a joint venture to invest in sale-leaseback transactions in the Colombian hospital market. The joint venture has already consummated its first sale-leaseback transaction of the Instituto del Corazon...
Posted On February 3, 2016
, By Loren Moss
Photo courtesy jarp - pixabay
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Canadian Owned PharmaCielo Asks Colombian Government For Medical Marijuana License

Privately held PharmaCielo Ltd. today announced that its Rionegro, Colombia based subsidiary, PharmaCielo Colombia Holdings S.A.S. has submitted its formal application to Minsalud, Colombia’s Ministry of Health, and the Consejo Nacional de Estupefacientes (National Drugs Council) to become a licensed marijuana...
Posted On February 3, 2016
, By Loren Moss
Inside Isagen's Sogamoso Hydroelectric Facility -(photo courtesy Isagen)
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After Brookfield Sale, Isagen Seats New Board Of Directors

Monday at 10 am, in Medellín’s Plaza Mayór, during a special shareholder’s meeting called by BRE Colombia Investments LP, a new board of directors was seated for Medellín-based Colombian energy producer Isagen. BRE Colombia Investments LP is the majority shareholder of Isagen (BVC:ISAGEN), having purchased the...
Posted On February 3, 2016
, By Loren Moss
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Ecopetrol Forms Offshore Exploration & Production Company While Divesting of Plastics Company

Colombia’s state controlled petroleum company Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP)  has announced that last Wednesday as part of its divestment plan, its board of directors approved proceeding with the process of selling 100% of its shares in the company Polipropileno del Caribe S.A. This decision is part...
Posted On February 1, 2016
, By Loren Moss
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Ecopetrol Takes Out Additional Financing, Sees Credit Ratings Downgraded

Colombian petroleum company Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP) announced Friday that it opened a $175 million USD ($578 billion COP) line of credit with The Bank of Tokyo-Mitsubishi UFJ,Ltd. (NYSE:MUFG, TSE:MUFG) The loan was approved by Minhacienda, Colombia’s finance and public credit ministry by...
Posted On February 1, 2016
, By Loren Moss
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Harbour Energy Back In Pursuit Of Pacific Energy; Floats Tender Offer For Outstanding Debt At 17.5% Of Face Value

After being rebuffed last summer by a major Venezuela based shareholder when it attempted to acquire Pacific Exploration & Production (TSX:PRE) (BVC:PREC) , then known as Pacific Rubiales, in a joint offer along with ALFA S.A.B. of Mexico, Harbour Energy is attempting to take control of the faltering petroleum...
Posted On January 25, 2016
, By Loren Moss
US Ambassador Kevin Whitaker (Photo courtesy US Embassy, Bogotá)
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US Ambassador Fetes Success of “100,000 Strong In The Americas” Exchange Student Program in Colombia

Ambassador of the United States Kevin Whitaker received at his residence last Friday morning several members from Colombia’s private sector to celebrate the success of the  100,000 Strong in the Americas (La Fuerza de 100,000 en las Americas) higher education initiative in Colombia. This meeting also served to...
Posted On January 23, 2016
, By Loren Moss
Downtown Bogota street scene - Photo credit Loren Moss
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Fitch: Colombia’s Insurance Market Continues To Be Attractive To New Participants

Bogotá, Colombia–(Business WIre)– Fitch Ratings has announced that its Sector and Rating Outlooks for the Colombian insurance industry are currently stable, and that there is a high likelihood Fitch will affirm the ratings of most Colombian insurance companies in 2016, despite the challenging economic...
Posted On January 23, 2016
, By Loren Moss
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Electricaribe Awards Peru’s Graña Y Montero Subsidiary 5-Year $63 Million USD Electricity Technical Services Contract

Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) announced Friday evening that their subsidiary CAM Colombia Multiservicios S.A.S. has obtained the Buena Pro for the “Comprehensive Electricity Contract” to provide engineering and technical services for the Colombian company Electricaribe. The approximate amount...
Posted On January 23, 2016
, By Loren Moss
LNG Floating Storage Unit (CNW Group/Pacific Rubiales Energy Corp.)
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Pacific Exploration & Production Gets An Extension To Looming Minimum Liquidity Deadline

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the company and its lenders have agreed to extend the Liquidity Deadline to February 4, 2016, “or such later date as the company and its lenders shall agree.” This comes after the oil company missed interest payments that came...
Posted On January 21, 2016
, By Loren Moss
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Zonte Metals Closes Private Placement

Zonte Metals Inc. (TSXV: ZON) has announced the closing of a private placement offering including the second tranche which closed on January 20, 2016. Zonte Metals Inc. is a junior explorer focused on gold and copper that is actively reviewing and completing field due diligence on projects in Colombia, and also...
Posted On January 21, 2016
, By Loren Moss
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Nielsen: 57% Of Colombian E-Commerce Shoppers Still Pay COD (Cash On Delivery)

New York, January 20, 2016 (PRNewswire) — E-Commerce is going mobile and innovative technology is allowing consumers around the world unprecedented access to products. Consumers are no longer limited to the product selection at their local store or even in their own country; 57% of online respondents in...
Posted On January 20, 2016
, By Loren Moss
Mayors Challenge - Bloomberg
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Call For Entries: Bloomberg Philanthropies Offers $9 Million To Latin American, Caribbean Cities For Innovative Ideas

Michael R. Bloomberg today launched Bloomberg Philanthropies’ 2016 Mayors Challenge, a competition to inspire Latin American and Caribbean cities to develop bold new ideas that solve major problems and improve city life – and that ultimately can be shared with other cities. The competition includes a $5 million...
Posted On January 20, 2016
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Downgraded By Moody’s To Baa3/ba3, Persistent Low Oil Prices Cited

Moody’s Investors Service announced yesterday that it has downgraded Colombia’s government controlled petroleum company Ecopetrol’s senior unsecured ratings to Baa3 from Baa2. At the same time, the company’s BCA (Baseline Credit Assessment) was lowered to ba3 from baa3. The ratings are on review for...
Posted On January 19, 2016
, By Loren Moss
Courtesy JayMantri - Pixabay
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European Based Transcom WorldWide Contact Centers Pulling Out Of Colombia; Chile & Peru May Be Next

Sweeden based Transcom WorldWide AB, trading on the Stockholm NASDAQ exchange (STO:TWW) today announced that it will close its loss-making contact center in Cali, Colombia, and that the board of directors is evaluating strategic alternatives for the company’s remaining Latin American business in Chile and Peru....
Posted On January 19, 2016
, By Loren Moss
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The Bonds Loans & Derivatives Andes Conference Returns To Bogotá February 23-24

For the second year in a row, Finance Colombia will be participating as a media sponsor of Bonds, Loans & Derivatives Andes, at the JW Marriott in Bogotá February 23 & 24th.  As the only conference in the Andean region bringing together Colombian and Peruvian capital markets issuers and borrowers, making...
Posted On January 19, 2016
, By Loren Moss
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Jorge Castellanos Rueda Named New President of ETB, Bogotá’s Telecommunications Company

The City of Bogotá controlled telecommunications company, Empresas Telefonicas de Bogotá (ETB) (BVC:ETB) has seated a newly formed board of directors that, in their first meeting, elected Jorge Castellanos Rueda (above) as the new president. In Colombia, it is common for government controlled enterprises like ETB...
Posted On January 18, 2016
, By Loren Moss
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Pacific Exploration & Production To Miss Interest Payments Due Tomorrow (January 19)

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced on Thursday that it has elected to utilize the 30 day grace period pursuant to the indentures governing its 5.625% notes due January 19, 2025, and its 5.375% notes due January 26, 2019, rather than make...
Posted On January 18, 2016
, By Loren Moss
The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Colombian Law Enforcement Begins Eviction of Illegal Miners From Continental Gold’s Buritica Claim

Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF)  announced today that national and regional police authorities in Buriticá, Antioquia launched a significant operation to evict illegal miners from unsafe areas near the company’s Veta Sur operations in the town of Buriticá during the weekend. Minminas,...
Posted On January 18, 2016
, By Loren Moss
Photo credit - https://imgur.com/user/josemanueldaes
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Exclusive: CEO José M. Daes Discusses Tecnoglass’ Recipe For Success, NASDAQ & BVC Listings, Barranquilla’s Talent Pool

Tecnoglass can be called one of the first true Colombian multinationals, going beyond selling to other Latin American countries and establishing a significant market presence in the United States, which now accounts for more than half of revenues. With headquarters on Colombia’s Atlantic coast in the port city of...
Posted On January 17, 2016
, By Loren Moss
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International Tax Lawyer Adrian Rodriguez Answers Critical Questions On Colombia’s Tax Law

Editor’s note: Adrian Rodriguez, partner with the international law firm Lewin & Wills, has graciously allowed Finance Colombia to reprint the answers he prepared for a professional symposium for the benefit of our readers. Mr. Rodriguez may be contacted at the above links. His information is also in the...
Posted On January 17, 2016
, By Adrian Rodriguez P.
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Colombia Gets 57 New Airline Routes in 2015, Bogotá’s El Dorado International Gets New Air Traffic Control Tower

Colombia’s civil aviation authority, Aeronautica Civil, also known as Aerocivil,  approved 57 new airline routes requested by airlines in 2015, including 34 national and 23 international routes. From the dates of approval, airlines have up to 180 days to provide service on those routes, but most have begun...
Posted On January 17, 2016
, By Loren Moss
cropped Photo of Isagen HQ courtesy Isagen
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Colombia’s Stake In Isagen Sold To Brookfield Renewable Energy For $2 Billion USD

Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN)(NYSE:BEP) has committed to acquire 57.6% of the outstanding common shares of Medellín based Isagen S.A. (BVC:ISAGEN) from the Colombian government. In an auction held at 8am today that had only Brookfield as a bidder, the Colombian government announced and...
Posted On January 13, 2016
, By Loren Moss
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Analyst: Colombia & Brasíl’s Local Governments Pressured By Low Commodity Prices

Local and regional governments (LRGs) in Brazil and Colombia should face similar challenges from the decline in commodities prices and their importance to their economies, according to Fitch Ratings. LRGs in Colombia and Brazil suffer from high numbers of informal workers (those partially or fully outside of the...
Posted On January 13, 2016
, By Loren Moss
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Level 3 Communications Opens New Data Center In Cali

Cali, January. 12, 2016 (PRNewswire) Global telecommunications provider Level 3 Communications, Inc. (NYSE: LVLT) announced the expansion of its global data center network with the opening of its newest data center facility in Latin America on December 28, 2015. Located in Cali, Colombia, the new data center...
Posted On January 12, 2016
, By Loren Moss
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Exclusive Interview: How Colombia Made The Biggest Jump, 23 Spots, on A.T. Kearney’s 2016 Global Services Location Index

Last Sunday, global management consulting firm A.T. Kearney released its 2016 Global Services Location Index (GSLI), an annual report researched by the firm that analyzes and ranks the top 55 countries for outsourcing worldwide based on metrics in three categories: financial attractiveness, people skills and...
Posted On January 12, 2016
, By Loren Moss
cropped Photo of Isagen building HQ courtesy Isagen
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An Auction of One? Only Brookfield Remains As Bidder For Tomorrow’s Pending Isagen Sale

After Colbun dropped out of bidding last Friday (causing Colbun’s stock to rally strongly, up of 3.2%), only one bidder remains in contention for tomorrow’s January 13 auction for Colombian government controlled power producer, Isagen. Isagen is the third largest energy producer, behind Emgesa, and City of...
Posted On January 12, 2016
, By Loren Moss
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Petroamerica Shareholders Overwhelmingly Approve Gran Tierra Tender Offer; 98% + Say Yes

Calgary, January 11, 2016 /CNW/ – Petroamerica Oil Corp. (TSX-V: PTA.V), an international oil and gas company operating in Colombia, has just announced that the plan of arrangement under the provisions of the Alberta (Canada) Business Corporations Act among Petroamerica, Gran Tierra Energy Inc. (TSX:GTE...
Posted On January 11, 2016
, By Loren Moss
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Enters into New $109.5 Million Senior Secured Credit Facility With LatAm Bank Syndicate

Barranquilla, Colombia–(Business Wire)– Tecnoglass, Inc. (NASDAQ:TGLS BVC:TGLSC), the Barranquilla, Colombia based manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, today announced that it entered into a new...
Posted On January 11, 2016
, By Loren Moss
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Minminas, Colombia’s Mining Ministry Obtains $30 Million USD IDB Loan To Modernize Procedures

Colombia ‘s mining and energy sector will strengthen the way it makes policy decisions and its administration of information for efficient services, as well as its controls and audit methods, with the support of the Inter-American Development Bank (IDB). An IDB loan of $30 million for the Institutional...
Posted On January 11, 2016
, By Loren Moss
Sogamoso Is Isasgen's Most Recent Hydroelectric Project (Photo courtesy Isagen)
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Isagen Auction Slated For Wednesday, Canadian & Chilean Firms Brookfield & Colbún To Vie For The Colombian Power Generator

UPDATE: According to Colombia Reports, Chile’s Colbun drops out of bidding for Colombia’s Isagen on Monday, January 11, 2 days before the slated auction After a series of debates in Congress and conflicting positions between Colombian political parties, the Colombian government has announced the...
Posted On January 10, 2016
, By Loren Moss
Bancolombia in Medellín, Colombia.
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Bancolombia Takes Control With 60% of Guatemala’s Banco Agromercantil, Fitch Upgrades Credit

Two years after purchasing 40% of Guatemala’s Grupo Agromercantil Holding, parent company of Grupo Financiero Agromercantil and Banco Agromercantil de Guatemala, Bancolombia (NYSE:CIB BVC:BCOLOMBIA), based in Medellín, Colombia has moved to take a controlling interest in the Central American financial concern,...
Posted On January 9, 2016
, By Loren Moss
tigo colombia tigo une
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Fitch Affirms Tigo & UNE’s Parent Millicom Cellular As BB+, Stable Outlook

CHICAGO—(Business Wire)–Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular, S.A. (Millicom) (STO:MIC-SDB) at ‘BB+’ with a Stable Outlook. Fitch has also affirmed Millicom’s senior unsecured debt at...
Posted On January 9, 2016
, By Loren Moss
Mauricio Cardenas is Colombia's Finance Minister. Photo Credit Global Financial Conferences
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Finance Minister Mauricio Cardenas To Outline Colombia’s Financing Strategy At Bonds, Loans & Derivatives Andes 2016

Mauricio Cardenas Santamaria (pictured above), Minister of Finance and Public Credit in Colombia will be delivering a keynote address at Bonds, Loans & Derivatives Andes conference next month, February 23 & 24.  Speaking for the third consecutive year, the Finance Minister will share his views on how...
Posted On January 8, 2016
, By Loren Moss
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Colombia Sets Airline Ticket Administrative Fee Maximums for 2016

Aeronautica Civil, the Colombian aviation regulatory authority commonly known as Aerocivil, has adjusted and announced the new maximum administrative fees that airlines may attach to passenger airfares for Colombian domestic and international flights. These fees are often charged by some airlines in addition to...
Posted On January 8, 2016
, By Loren Moss
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Boating Trade Congress To Debut April 27-29 In Cartagena With International Marine Industry Backing

The National Marine Manufacturers Association (NMMA), International Council of Marine Industry Associations (ICOMIA) and Asociación Náutica de Colombia (ANC) have announced they will produce Colombia Nautica: the International Nautical Congress of Colombia, April 27-29 in Colombia’s seaside recreation...
Posted On January 7, 2016
, By Loren Moss
Guest contributor Carlos Ferrer is the Vice President and General Manager of Unisys for South, Central and Andean Latin America, and the Head of Financial Services for Latin America
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Guest Contribution: Transforming Financial Services With Analytics

We live in a time when every minute we generate millions of records of information that, in a disorganized way, is stored in servers from different companies or networks in the cloud, often without any clear policies on how to manage, process and take advantage of such information. But with the challenges that...
Posted On January 6, 2016
, By Carlos Ferrer
Photo of an example mine courtesy 24ox24 and Pixabay.
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Mark Moseley Williams Named CEO of Eco Oro, Jean Sebastien Blanchette Leaves Board

Eco Oro Minerals Corp. (TSX:EOM) announced yesterday that Mark Moseley-Williams has been promoted to president and chief executive officer of the company, retaining the title of president. Moseley-Williams previously served as Eco Oro’s president and chief operating officer. Eco Oro Minerals Corp. is a...
Posted On January 6, 2016
, By Loren Moss
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Federico Gutierrez Appoints Jorge Londoño de la Cuesta As New General Manager Of EPM

Medellín’s newly elected mayor, Federico Gutierrez Zuluaga , upon taking office January first, immediately appointed engineer Jorge Londoño de la Cuesta (above) as the general manager of Empresas Publicas de Medellín (EPM), the multinational utility company directly owned by the city of Medellin. The appointment...
Posted On January 6, 2016
, By Editorial Staff
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Petroamerica Amalgamates Subsidiaries; Special Meeting Announced On Gran Tierra Energy Purchase

Petroamerica Oil Corp. (TSX-V: PTA), has announced that it has completed a vertical amalgamation with its wholly-owned subsidiaries, Aries Exploration Corp., Petroamerica Inc. and Petroamerica International Corp. pursuant to subsection 184(1) of the Business Corporations Act of Alberta, Canada (ABCA).  Each of the...
Posted On January 5, 2016
, By Loren Moss
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Colombia’s Processed Food Industry Projected To Grow 51.5% Between 2014-2019

Colombia is positioned as a high growth market for the processed foods industry, according to the industry gremio (industry association) ANDI (National Association of Businesspeople). Statistics provided by ANDI indicate that while Latin America regional per capita processed food consumption amounts to $505.40 USD...
Posted On January 5, 2016
, By Loren Moss
generic asian bullet train courtesy publicdomainpictures - pixabay
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Breaking News: Chinese Engineering Firm ShenZhen Sunwin Intelligent Co. To Enter Colombia

Finance Colombia has learned that Chinese engineering firm ShenZhen Sunwin Intelligent Co. Ltd. intends to open operations in Bogotá. The firm is active in the engineering and fabrication of public transportation technology such as fare collection devices, passenger information systems, and technology for...
Posted On January 4, 2016
, By Loren Moss
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Colombia’s Public Auditor Receives $30 Million USD Loan To Modernize Fiscal Controls

Colombia will strengthen the quality, efficiency and citizen participation of fiscal controls with support from the Inter-American Development Bank (IDB). The IDB’s $30 million loan is designed to strengthen the Contraloría General de la Republica, the government comptroller’s office (CGR) so that it...
Posted On January 4, 2016
, By Loren Moss
Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Banks Grant Pacific Exploration & Production Temporary Covenant Relief, Fitch Downgrades Credit

Last week, Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced that it has obtained an extension of the waivers previously granted by its lenders in respect of the Net Worth Covenant that requires the company to maintain its consolidated net worth above...
Posted On January 4, 2016
, By Loren Moss
EPM loan signing - juan calle restrepo
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EPM Closes Mammoth $1 Billion USD Loan From Syndicate Of US & Japanese Banks

Empresas Publicas de Medellín (EPM) the City of Medellín-owned multinational utility announced last week the signing of a $1 billion USD loan from a syndicate of banks in a club deal to fund growth plans in 2016, including the Ituango hydroelectric project. Bank of America and HSBC Securities served as global...
Posted On January 3, 2016
, By Loren Moss
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Four Seasons Casa Medina Hotel Now Open In Bogotá’s Zona-G

The first of two Four Seasons Hotels has opened in Bogotá Q4 2015. After a multimillion dollar remodel that started in December of 2014, the historic Casa Medina in Bogotá’s Zona-G near the Financial District reopened as Four Seasons Casa Medina. Owned by the Gilinski Group, the hotel has 62 unique rooms and...
Posted On January 3, 2016
, By Loren Moss
Aon's London HQ
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Galizia Taps Sergio Rivera Jiménez To Head Aon Benfield Colombia

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has announced that Sergio Rivera Jiménez is the new CEO of Aon Benfield Colombia Reporting to Alejandro Galizia, CEO of Aon Benfield Latin America, Mr. Rivera brings extensive re/insurance industry experience to his new...
Posted On January 3, 2016
, By Loren Moss
passport courtesy kpgolfpro - pixabay
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US IRS Now Has Power To Revoke Passports Of American Citizens Owing Taxes

US President Barack Obama signed into law last month House Resolution 22, the “Fixing America’s Surface Transportation Act,” known by its acronym as the “FAST  Act.” Though ostensibly highway funding legislation, the new law adds Section 7345 to the Internal Revenue Code that regulates the federal government’s tax...
Posted On January 3, 2016
, By Loren Moss
Epson LabelWorks LW-400 Label Maker
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Quick Look: Epson LabelWorks LW-400 Office Label Maker

Offices, laboratories, and industrial sites all need to create labels from time to time, and for some entities, all the time. Whether for professionalism, aesthetics, or safety, label makers have become indispensable in these environments. As a commercial sample, Epson Colombia provided Finance Colombia with their...
Posted On January 3, 2016
, By Loren Moss
Colombia's President Juan Manuel Santos odebrecht
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Colombia’s Unemployment Rate Falls To 7.3%; Lowest In 15 Years

Colombia’s unemployment rate dropped in November to 7.3%, announced Minhacienda, Colombia’s Finance Ministry, along with statistics agency DANE yesterday. The new rate reflects a drop of 0.4 percentage points over the 2014 statistic. The rate in the 13 largest cities was measured at 8.1%, a drop of 0.6 percentage...
Posted On December 31, 2015
, By Loren Moss
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Colombia’s Minimum Wage For 2016 Set At $689,455 Pesos ($217 USD) Per Month. Congress To Get $8,426 USD Per Month

Yesterday, President Juan Manuel Santos, along with Finance Minister Mauricio Cardenas and Labor Minister Luis Eduardo Garzón, signed into law Decreto (Decree) 2552 of 2015, setting the Colombian monthly minimum wage at $689,455 pesos. This power was given to the executive branch by Law 278 of 1996. Colombia’s...
Posted On December 31, 2015
, By Loren Moss
Parque Caracolí mall in Floridablanca, Colombia, near Bucaramanga, Santander
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Chile’s Parque Arauco Takes Over Colombia Shopping Mall Portfolio Formerly Jointly Owned With Bancolombia & Private Equity Fund

Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) announced that last month it completed the acquisition of the remaining 45% equity interest in Inversiones Inmobiliarias Arauco Alameda S.A.S (“IARA”), paying Grupo Bancolombia (“Bancolombia”) COP 222,489 million. Parque Arauco S.A. now owns 100% of IARA...
Posted On December 30, 2015
, By Loren Moss
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Exclusive: PayPal Reveals Its New Colombia Strategy & Embrace Of Small Exporters

2015 was an eventful year for PayPal in Colombia. Just a month after announcing it was re-evaluating its operations in Colombia, and ceasing domestic payments between users, it turned around and announced an exclusive agreement with Colombian bank Davivienda geared towards merchants. Finance Colombia’s executive...
Posted On December 30, 2015
, By Loren Moss
Baker & McKenzie Bogotá Headquarters
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Colombia’s Investment, Legal, Securities Leaders Optimistic For 2016, But Urge Dilligence

2015 was characterized by economic deceleration and a general market uncertainty attributed to factors such as the Colombian peso’s devaluation, the fall in petroleum prices globally, a higher rate of inflation, the rise in interest rates, peace process negotiations, and the high effective tax rate. Along with...
Posted On December 29, 2015
, By Loren Moss
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Tecnoglass To List On Colombia’s BVC In Addition To Its Existing US-Based NASDAQ Offering

Tecnoglass, Inc. (NASDAQ: TGLS), the $200 Million+ USD Barranquilla based manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, has announced that effective January 6, 2016, the company’s ordinary shares will be listed on...
Posted On December 29, 2015
, By Loren Moss
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Colmena Seguros Awarded For Occupational Safety Efforts

During the ORP 2015 International Occupational Risk Prevention Congress in Santiago, Chile, Bogota based insurer Colmena Seguros was recognized for its efforts in occupational risk mitigation. ORP (Occupational Risk Prevention) is an international event seeking to reduce workplace labor risks with academic support...
Posted On December 29, 2015
, By Loren Moss
mastercard credit card courtesy itkannan4u - pixabay
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Evertec Deal To Buy Colombia’s Processa Apparently Delayed By US Regulators

Evertec, Inc. (NYSE: EVTC) today announced that its operating subsidiary, Evertec Group, LLC and the selling shareholders of Processa S.A.S agreed to extend the period in which the transaction must close before each party has the right to terminate the purchase agreement. This period, which was set to end on...
Posted On December 29, 2015
, By Loren Moss
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Colombia’s Central Bank Issues Call for Papers: Policy Lessons and Challenges for Emerging Economies in a Context of Global Uncertainty

The Banco de la República (Central Bank of Colombia), the Bilateral Assistance and Capacity Building for Central Banks Program (BCC) at the Graduate Institute, and the Swiss Secretariat for Economic Affairs (SECO) are jointly organizing a conference on Policy Lessons and Challenges in Emerging Economies in a...
Posted On December 24, 2015
, By Loren Moss
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Opinion: What to Expect In Enterprise Security For 2016

2015 was most notably characterized by security vendors claiming to be able to prevent advanced threat breaches when the reality is, they can’t.  It was characterized by enterprises recognizing the need to monitor and defend their digital environments differently, but continuing to center their security programs...
Posted On December 22, 2015
, By Amit Yoran
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Cali Entrepreneurs Win Grupo Aval’s Fintech Challenge 2015 With Real Estate App Concept

Grupo Inmovis entered and won Colombian banking conglomerate Grupo Aval’s third annual financial technology innovation challenge, with their mobile real estate app Avanca. “How do I find the perfect house according to my budget?” is the question Inmovis hopes Colombians will answer with their Avanca app. Christian...
Posted On December 22, 2015
, By Loren Moss
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$234 Million USD IDB Loan To Improve Electricity, Water, Sanitation In Quibdó & Buenaventura

Colombia will reduce the gap in access to potable water, basic sanitation and electricity services along its Pacific coast with the assistance of a $231.4 loan from the Inter-American Development Bank (IDB). The Pacific coastal region has a population of 1.6 million people, about 90 percent of them...
Posted On December 22, 2015
, By Loren Moss
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Fitch: Colombian, Peruvian Banks To See ‘Stable Profitability’ In 2016

Fitch Ratings’ sector outlook for Andean banks in 2016 reflects diverging trends in the Colombian and Peruvian operating environments on the one hand, and those of Ecuador and Venezuela on the other. ‘While all markets have been sensitive to the decline in commodity prices, Colombian and Peruvian banks...
Posted On December 22, 2015
, By Loren Moss
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Statement: Ecopetrol announces US$4.8 billion investment plan for 2016

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that its Board of Directors approved the Ecopetrol Group 2016 Investment Plan for US$4.8 billion. The approved investment budget is in line with the new corporate strategy, and is attuned to the challenging situation of the international oil market. ...
Posted On December 22, 2015
, By Loren Moss
gavel courtesy of openroadpr pixabay
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Law Firm Mergers: Dentons Signals Intent To Combine With Colombia’s Cardenas & Cardenas

The global law firm Dentons has announced that it will be establishing its first physical presence in Latin America and the Caribbean, with its intent to combine with Colombia’s Cárdenas & Cárdenas, and Mexico’s López Velarde, Heftye y Soria (LVHS). The announcement follows Dentons’ recent expansion the...
Posted On December 21, 2015
, By Loren Moss
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Study: Traffic Woes, “Trancones” More Than Double Transit, Transport Times In Barranquilla

The Inter-American Development Bank (IDB) has unveiled the initial results of a new methodology to measure the costs of traffic congestion and improve understanding of how poor traffic mobility affects the economy and productivity of cities in Latin America and the Caribbean. Pilot applications of the new...
Posted On December 21, 2015
, By Loren Moss
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ACE Limited Announces New Chubb Group LatAm Insurance Leadership Team

ACE Limited announced the leadership team it intends to appoint for the Latin America region of the new Chubb Group’s Overseas General Insurance division, which includes Argentina, Brasil, Chile, Colombia, Ecuador, México, Panamá, Peru, Puerto Rico, Central America and the Caribbean. The leadership appointments...
Posted On December 21, 2015
, By Loren Moss
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Interamerican Development Bank Opens Demand Solutions Competition For Startups

The Interamerican Development Bank has launched a call to participate in the fifth edition of Demand Solutions: Ideas for Improving Lives, a series of innovation events hosted by the Inter-American Development Bank (IDB). The call for entries will remain open until February 1, 2016. The contest is open to the most...
Posted On December 21, 2015
, By Loren Moss
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