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Media Partnerships

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

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

Basic

Finance Colombia offers the following:

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

 

You offer the following:

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

Speaker / Moderator

We offer each other all of the above plus…

Finance Colombia offers:

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

 

You offer:

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

 

Sponsor Package

We offer each other all of the above plus:

Finance Colombia offers:

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

 

You offer:

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

 

Additional Options

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

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

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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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Fitch Ratings Affirms Medellin’s Fiscal & Economic Stability

Fitch Ratings today has announced credit rating actions for Medellín, Colombia. As Colombia’s second largest city and economy, the rating action reflects Medellin’s financial strength, its importance in the national context as well as its manageable debt metrics. Key Rating Drivers The rating actions are the...
Posted On December 21, 2015
, By Loren Moss
Courtesy Zebulon72 - Pixabay
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Latin America To See New Classes Of Cyber Security Threats in 2016: Unisys

Following a year of damaging security incidents at organizations ranging from the US Office of Personnel Management to Canada’s Ashley Madison web site, security experts at Unisys Corporation (NYSE: UIS) predict that leading security professionals around the world will adopt a new mindset in 2016, embracing...
Posted On December 21, 2015
, By Loren Moss
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Hilton’s First DoubleTree Hotel In Colombia Opens By Bogotá’s Parque 93 In Chicó

Hilton Worldwide (NYSE: HLT) on Monday celebrated the opening of the DoubleTree by Hilton Bogotá – Parque 93, its first hotel in Colombia. Located in Bogotás Chico neighborhood, the 132-room full-service hotel is in one of Bogotá’s upscale areas featuring businesses, restaurants, shops and nightlife...
Posted On December 17, 2015
, By Loren Moss
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Texas Based Christus Health To Take Stake In Grupo Coomeva Health Units

Yesterday, Dallas, Texas based Christus Health announced the signing of an agreement with Cali based Grupo Empresarial Coomeva Cooperativa Medica (Coomeva) in Colombia that will lead to definitive agreements in early 2016. Discussions began two years ago between Christus Health, a Catholic ministry-based...
Posted On December 17, 2015
, By Loren Moss
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Brasil’s Rapiddo Takes Stake in Colombia’s Mensajeros Urbanos

Brasil’s Rapiddo has taken a stake for an undisclosed sum in Colombian startup Mensajeros Urbanos, Finance Colombia has learned. The Colombian startup, incubated in Telefonica’s  initiative titled Wayra Colombia, provides express messenger and delivery services, along with a web based ordering and tracking system....
Posted On December 15, 2015
, By Loren Moss
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Caño Limon Covenas Oil Pipeline Achieves 30 Year Operational Milestone

Ecopetrol’s Oleoducto (Pipeline) Caño Limón Coveñas has reached 30 years of operation, reported Ecopetrol this month. Over that time, the pipeline has transported 1.5 billion barrels of crude oil, contributing $148 billion pesos to the economies of the surrounding areas. Such returns for the communities include...
Posted On December 15, 2015
, By Loren Moss
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Latin America To Reach 159 Million Machine to Machine IoT Connections by 2024

The availability of wireless networks will be key for future development of Machine to Machine (M2M) connections in Latin America – and everywhere else. According to research done on behalf of 4G Americas by Machina Research, in 2014 there were 14.6 million M2M IoT (Internet of Things) connections in Latin...
Posted On November 24, 2015
, By Loren Moss
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Epson Launches EcoTank L220 & L365 Printers For Colombia’s Small / Remote Office Market

Epson has announced the launch of its L220 and L365 Ecotank inkjet printers in Colombia, designed for the small office and consumer environment. Like other Ecotank printers, the print system is based on discrete CMYK ink tanks and permanent print heads, eliminating the reliance on inkjet cartridges. This results...
Posted On November 24, 2015
, By Loren Moss
EPM Headquarters Building in Medellín's Plaza Mayor
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Empresas Públicas de Medellín (EPM) Signs Renewal Deal With Unisys For Critical Infrastructure Cybersecurity

Unisys Corporation (NYSE: UIS) has announced this past week that Empresas Públicas de Medellín (EPM) has renewed its contract for cybersecurity with Unisys, covering information security threat and event management For EPM’s domestic Colombian operations. The renewal means Unisys will provide IT security services...
Posted On November 24, 2015
, By Loren Moss
An Avianca Airbus A320 Jet
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Avianca Sees Record Growth, Reports Quarterly Net Income Of US$102.1 Million

During the third quarter of 2015, Colombia’s Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) announced operating revenues amounting to US$1.12 billion and a net income of US$102.1 million, an increase of US$ 68.9 million over 3Q 2014. As such, net margin was 9.1%, 6.4% above the margin recorded in the same period of...
Posted On November 24, 2015
, By Loren Moss
Photo credit: Tienda Movistar» de Andreuvv - Trabajo propio. Disponible bajo la licencia CC BY-SA 3.0 vía Wikimedia Commons
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Fitch: Movistar Colombia’s Margins Pressured By Sluggish Mobile Data & Non-Traditional Fixed Services Growth

Fitch Ratings expects operating margins for Colombia Telecomunicaciones S.A. E.S.P. (Coltel) to weaken in the short to medium term due to the slow pace of revenue diversification and a downward trend for average revenue per user (ARPU). Despite the ongoing challenges, Fitch believes that the company’s free...
Posted On November 11, 2015
, By Loren Moss
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Colombians Daniel Bluman & Roberto Teran Win At Toronto Equestrian Competition

Daniel Bluman of Colombia opened international show jumping competition with a win in the $20,000 International Jumper Power and Speed on Tuesday, November 10, at the Royal Horse Show, held as part of The Royal Agricultural Winter Fair in downtown Toronto, Canada. Show jumping talent representing s...
Posted On November 11, 2015
, By Loren Moss
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Alternative Agricultural Investments To Be Showcased At Agri Investment LATAM 2015

Roughly 20 alternative agricultural and sustainable forestry investments will be presented to national and international investors this Thursday during the Agri Investment Latam symposium at the Hilton Bogotá (from 8am to 8pm), sponsored by Agrofuturo and ColCapital. Colombian agriculture presents a great...
Posted On November 10, 2015
, By Loren Moss
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Breaking News (Statement): US Treasury Department Goes After Los Urabeños Operatives

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated two high-ranking members of the violent Colombian drug trafficking organization Los Urabeños as Specially Designated Narcotics Traffickers (SDNTs) pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act)...
Posted On November 10, 2015
, By Loren Moss
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Baker & McKenzie: Colombia & Brasil Now Prime M&A Target Markets

Global law firm Baker & McKenzie has launched the Cross Border M&A Index, a study in conjunction with Merger Market, which forecasts a 10% growth in cross border M&A transactions driven primarily by the US, EU, and Asian markets. Still, of the $375 billion (USD) total, Latin America’s emerging markets...
Posted On November 9, 2015
, By Loren Moss
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IDB Loans $500 Million USD To Back Colombia Financial Sector Reforms

The Inter-American Development Bank (IDB) has approved a $500 million loan that will support reforms of Colombia’s financial system and contribute to the economic growth of the country. The reforms are designed to promote an increase in financing for productive development, expand the financial inclusion of...
Posted On November 9, 2015
, By Loren Moss
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Fitch: Banco Agromercantil de Guatemala Acquisition Should Have No Impact on Bancolombia’s Creditworthiness

On Sept. 11, 2015, Bancolombia announced an agreement to acquire an additional 20% stake in Banco Agromercantil de Guatemala which would bring the bank’s share of Banco Agromercantil de Guatemala’s equity to 60%. Once the transaction is approved by regulators in both countries and closed, Bancolombia...
Posted On November 9, 2015
, By Loren Moss
colombian peso
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Credivalores Closes Syndicated Loan For COP $270 Billion (US $ 93 Million)

Credivalores-Crediservicios SAS, a large consumer lender in Colombia, announced on October 13 the successful closing of a COP $ 270,000 million ($93 million USD) syndicated structured loan with a tenor of 60 months and a revolving availability period of 3 years. This new facility will be used for the growth of the...
Posted On November 9, 2015
, By Loren Moss
Epson textile printers
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TechnoMultimedia InfoComm Electronic Expo Held This Week In Bogotá

This week, Corferias, Bogotá’s flagship convention facility, is host to TecnoMultimedia InfoComm Colombia; Colombia’s combined electronics and multimedia trade show. The event combines academic courses from InfoComm International along with the CEDIA (Custom Electronic Design & Instillation Association)...
Posted On November 9, 2015
, By Loren Moss
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Move Over Vistaprint, Colombian Online Printing Provider ‘Printu.co’ Launches In Bogotá

Online printing services provider Printu.co launched last month in Colombia, an website providing printing services via an online ordering model geared towards small and medium sized businesses. Based in Bogotá, the site, run by sibling entrepreneurs Julián Montejo and Adriana Montejo, claims to already service...
Posted On November 9, 2015
, By Loren Moss
Gifliola Aycardi, Nicolas Loaiza, bodytech
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Gala Fetes 2015 Endeavor Colombian Entrepreneurship Award Winners

The Country Club of Bogota was the host for the Second Endeavor Colombia Gala on the 28th of October, bringing together 200 business leaders dedicated to promoting social development by leveraging the the high impact of entrepreneurship. In addition to the business leaders participating in the event, Colombian...
Posted On November 9, 2015
, By Loren Moss
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Corferias To Host Expodefensa 2015, Military, Police & Security Trade Show November 30-December 2

Colombia’s defense ministry, Coges International, and Corferias – Bogotá’s primary convention venue, are holding the 5th edition of Expodefensa, an event showcasing security and defense industry innovation and technology for Latin America.  The international event serves as a benchmark display of the state of the...
Posted On November 9, 2015
, By Loren Moss
bancolombia
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Bancolombia Analysis: Central Bank Responds to Inflationary Challenges with a 50 Basis Point Rate Hike

At its October meeting, the Board of the Central Bank decided by majority to give a 50-bp hike to the repo rate to 5.25%. This adjustment was above our expectation and market consensus, which aimed at a 25-bp increase. In addition, the Bank reactivated auctions of FX call options for the decumulation of foreign...
Posted On November 4, 2015
, By Loren Moss
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Fitch: El Nino Testing Colombia Electricity Regulatory Framework

Fitch Ratings-New York-29 October 2015: The weather phenomenon known as El Nino, which causes lower water precipitation in Colombia, is currently putting the country’s electricity regulatory framework to the test, according to Fitch Ratings. A drought that could last until the beginning of next year has...
Posted On October 30, 2015
, By Loren Moss
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Data & Cloud Services Provider Rackspace Arrives In Colombia, Allies With Praxis

Market leader Rackspace (NYSE: RAX) has announced its formal entry into the Colombian market, after first establishing a Latin American beachhead in México City in 2014. The hosting provider has had a presence in Latin America for a decade, offering managed hosting from its San Antonio, Texas headquarters....
Posted On October 23, 2015
, By Loren Moss
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Bogotá ICANN Forum Underscores Internet Developments, Reveals Fundamental Changes Coming. Avianca First To Adopt gTLD

The Internet Corporation For assigned Names and Numbers (ICANN) has concluded its inaugural forum on September 28 in Bogotá, held to address topics related to the Domain Name System, internet infrastructure, and the new gTLD program. The LAC-i-Roadshow is part of the regional strategic plan developed by the...
Posted On October 23, 2015
, By Loren Moss
Multibank Colombia President Maria Mercedes Machado
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Bogotá’s Multibank Launches Online Transactional Banking Capability

Multibank, the Colombian bank owned by Panama based Multibank, Inc. has recently released its online banking platform across its various customer segments. The primary phase of the online banking release allows customers to verify balances and make some payments. The second phase, to roll out at the end of 2015,...
Posted On October 18, 2015
, By Loren Moss
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Wyndham Hotels Launches Loyalty Program in Colombia

Wyndham Hotel Group has launched this month the Wyndham Rewards loyalty program at an event taking place in the Hotel Wyndham Art, near Bogotá’s El Dorado International Airport. The event, which featured Colombian PGA golfer Camilo Villegas, revealed the Wyndham rewards program to members of the media and business...
Posted On October 18, 2015
, By Loren Moss
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Spanish CRM Software Firm Selects Bogotá As LatAm Headquarters

CRM (Customer Relationship Management) software company ForceManager has opened a Bogotá Colombia office to serve Colombia and the Andes market, after over a year of preparation. ForceManager already has clients in 22 countries and the software works in five languages: English, Spanish, French, Portuguese and...
Posted On October 18, 2015
, By Loren Moss
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Ágora Bogotá Convention Center To Open In 2017, Major Events Already Booked

Already under construction, the Ágora Bogotá International Convention Center is slated to open the first trimester of 2017, and has already booked significant events such as the World Neurosurgery Congress in 2021, and the One Young World youth event. The new convention center will connect to the existing...
Posted On October 18, 2015
, By Loren Moss
Paypal is pulling out of Colombia
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Breaking News – Paypal Returns To Colombia Via Exclusive Davivienda Alliance

Less than a month after announcing that it was suspending domestic activity in the Colombian market, Finance Colombia has learned that Paypal and Davivienda, a major Colombian bank, plan to announce an alliance this week that makes Davivienda the exclusive banking channel for merchants to accept Paypal as a method...
Posted On October 10, 2015
, By Loren Moss
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5th Annual National Coffee Tasting Championship Comes To Bogotá October 15-18

The 5th National Championship of Coffee Tasters (V Campeonato Nacional de Catadores) will be held in the ExpoEspeciales Café de Colombia taking place in Bogotá’s Corferias Convention Center from October 15-18. The event is held to select the coffee taster that demonstrates speed, precision, and ability to...
Posted On October 4, 2015
, By Loren Moss
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Unisys Announces Regional Restructuring, Carlos Ferrer To Head Financial Services, Fernando Schaeffer To Head Sales

Global IT services firm Unisys has announced a vertical realignment of its LACSA region (Latin America, Central, South & Andean), naming current Vice President and General Manager Carlos Ferrer (above) as the head of the region’s financial services practice. Unisys counts roughly 450 financial institutions...
Posted On October 4, 2015
, By Loren Moss
Ku Antenna courtesy Pix1861 - Pixabay
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Interview: Colombia’s Skynet Bringing Broadband Internet Trunking To Leticia, Amazonas via O3b Mid Earth Orbit Satellites

Colombian wholesale Internet Service Provider (ISP) Skynet is using the O3b Satellites to provide connectivity in and around the city of Leticia, the capital city of the Amazonas Department in Colombia. Skynet will provide broadband trunking services to Mobile Network Operators (MNO’s), Government entities and...
Posted On September 24, 2015
, By Loren Moss
Colombian President Juan Manuel Santos (right) welcomes US Secretary of State John Kerry to Colombia
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Breaking News: Statement by US Secretary of State John Kerry On Developments In Colombia’s Peace Process

STATEMENT BY SECRETARY KERRY Colombia Peace Process I am very pleased to see that the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) have reached major breakthroughs on the outstanding issues in the peace process negotiations:  transitional justice, disarmament, and a timetable for...
Posted On September 23, 2015
, By Loren Moss
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