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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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courtesy harpsandflowers - pixabay
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Colombia’s Finance Minister, Wall Street Analysts to Examine Economic Prospects at AS/COA’s Bogota Conference

Colombia remains among the fastest-growing economies in Latin America, with government estimates signaling the country will grow approximately 3.5 to 4% in 2015, while the country’s central bank forecasts a 3.2% increase in GDP. At a time of domestic and external challenges, Colombia continues to create...
Posted On June 6, 2015
, By Loren Moss
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KSI Receives IB Accreditation; Students May Now Graduate With Colombian, US, and International Diplomas

Bogotá’s Knightsbridge School, a part of Knightsbridge Schools International (KSI) has recently received its International Baccalaureate (IB) designation, allowing the school to offer this internationally recognized high-school (secondary, pre-university education) diploma program for students, integrated with the...
Posted On June 6, 2015
, By Loren Moss
copa airlines avianca colombia venezuela
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Major Latin American Airlines Facing A Tough Year: Exclusive Interview

Fitch ratings recently published a “Latin American Airlines Dashboard” for the first half of 2015. According to the ratings firm, Latin American airlines face a challenging scenario for the rest of 2015. The benefits from lower fuel costs are being offset by declining yields, driven by weaker demand and increased...
Posted On June 1, 2015
, By Loren Moss
world competitiveness IMD Business School's campus
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Amid Declines By Its South American Neighbors, Colombia Holds Steady In 2015 IMD World Competitiveness Ranking

LAUSANNE, SWITZERLAND (May 27, 2015): IMD, a global business school with campuses in Switzerland and Singapore, today announced its annual world competitiveness ranking. As part of its ranking of 61 more developed and sizeable economies for 2015, the IMD World Competitiveness Center looks at several aspects of...
Posted On May 27, 2015
, By Loren Moss
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Grupo Sura’s Roadside Assistance Program Selects ClickSoftware Service Platforms

Grupo Sura (OTC: GIVSY), the parent company of the insurance company in Colombia, announced today that it has selected ClickSoftware’s (NasdaqGS: CKSW) cloud-based mobile workforce management solution for its roadside assistance business. ClickSoftware’s solutions will facilitate real-time automated scheduling for...
Posted On May 27, 2015
, By Loren Moss
Finance Minister Mario Cardenas and Central Bank head José Dario Uribe
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Colombia’s Benchmark Interest Rate Will Remain At 4.5%

Colombia’s Central Bank board at its meeting last Friday decided to keep the country’s benchmark interest rate at 4.5% taking into account the following: The United States economy is expanding at a slower pace, and the Euro area and Japan are showing signs of gradual recovery. China continues to slow while the...
Posted On May 27, 2015
, By Loren Moss
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Cardenas Confirms Colombia Will Back 70% Of Bogotá’s Expected $13.8 Billion Subway Debt

Finance Minister Mauricio Cardenas on Monday confirmed the commitment of the national government to finance 70% of the construction of Bogotá’s first subway line. “We reiterate our commitment to the construction of the Metro in the capital of the country, which will bring 70% of the resources,...
Posted On May 27, 2015
, By Loren Moss
Imagen de la produccion COLOMBIA: LA NUEVA FRONTERA de Discovery en Espanol. Estreno 7 de junio @10PM E/P. (PRNewsFoto/Discovery en Espanol)
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Documentary: Ecuador Flooding Global Migrants Into Colombia Headed For USA

Colombia may be the newest route for migrants traveling illegally to the United States from third countries, according to a new documentary by the Discovery Channel and Caracol Television.  The country serves as a transit point for many who undertake this perilous journey, generating lucrative profits for the...
Posted On May 27, 2015
, By Loren Moss
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Fitch: Colombia’s 4G Highway Project Creates Opportunities And Challenges For Domestic Banks

Colombia’s transformational 4G highway overhaul project creates business opportunities for local banks, but with those opportunities come funding challenges, says Fitch Ratings. The most significant challenge for 4G is attracting a broad range of international financing. Fitch believes that a funding split...
Posted On May 22, 2015
, By Loren Moss
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Colombia And USA Sign FATCA Anti-Tax Evasion Pact

Finance minister Maurice Cardenas signed a Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement, with US Ambassador Kevin Whitaker last Wednesday. The bilateral agreement is aimed at combating offshore tax evasion by promoting the exchange of information between the two countries. Above:...
Posted On May 22, 2015
, By Loren Moss
Archives courtesy of lropekk_pl - Pixabay
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Colombian Entrepreneurs, Organizations May Apply For EMC Heritage Trust Information Preservation Grants

EMC Corporation (NYSE: EMC) announced today that the 2015 EMC Heritage Trust Project is now accepting nominations for grants. Grants will support projects that practice and encourage the stewardship of cultural information in local communities around the world. To date, EMC has recognized more than 45 projects...
Posted On May 22, 2015
, By Loren Moss
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Motorcycle Industry Expert To Present Talk Friday In Medellín

One of the most influential journalists from Europe specializing in motorcycle motorsports will be at the Feria de las 2 Ruedas this week in Medellín. Jaime Alguersuari Tortajada will be holding a seminar for experts, press, aficionados and industry functionaries on May 22. The talk, titled “The miracle of Spain’s...
Posted On May 20, 2015
, By Loren Moss
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Praxis Launches Electronic Filing App For Compliance, Document Management

Praxis, the multinational provider of IT and consulting solutions to the banking, finance and insurance sector, has announced its development of a new electronic records solution that turns mobile devices such as smartphones and tablets into data capture devices that can be used for documents, forms, electronic...
Posted On May 18, 2015
, By Loren Moss
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Colombia Received $4 Billion (USD) In Remittances during 2014

According to a report released by the International Monetary Fund (IMF) and the Multilateral Investment Fund (MIF) Remittances to Latin America and the Caribbean Set a New Record High in 2014, the recordbreaking increase in remittances (money transfers) to Latin America reflects significant growth in remittance...
Posted On May 18, 2015
, By Loren Moss
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Cementos Argos And Putney Capital Management In $34 Million USD Puerto Rico Cement Terminal Deal

Colombia’s Cementos Argos (“Argos”), the fifth largest producer of cement in Latin America, and the second largest in the southeast of the United States with operations in Colombia, Central America, the US and the Caribbean, announced the acquisition of one of the main terminals for the...
Posted On May 18, 2015
, By Loren Moss
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Tribeca Sells 60.75% Termocandelaria Majority Interest

Colombian Private Equity Firm Tribeca has announced its successful closing of the sale of its interest in Termocandelaria Power Limited (TPL) to a consortium of minority shareholders and institutional investors. TPL is the owner of Termocandelaria S.C.A. E.S.P. in Cartagena, and 57.38% of the shares of...
Posted On May 18, 2015
, By Loren Moss
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Colombia’s ProColombia And Jamaica’s JAMPRO Reach Bilateral Trade Promotion Agreement

After working together for more than a year to negotiate a memorandum of understanding (MOU), The investment promotion agencies of Jamaica and Colombia, JAMPRO and ProColombia, respectively, have reached an agreement to promote trade and foreign direct investment between the two Caribbean nations. This follows a...
Posted On May 18, 2015
, 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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Release: Ecopetrol’s 2015 Q1 Results,Statement from CEO, Juan Carlos Echeverry

This is a reprint of Ecopetrol’s statement released today: — The Group’s production maintained its growth trend, averaging 773.4 MBOED in the first quarter of 2015. Production operated by Ecopetrol S.A. increased by 12.6%. — Barrancabermeja’s gross refining margin reached US$18.2 per...
Posted On May 12, 2015
, By Loren Moss
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HBI Closes Over $130 Million USD In Investment Banking Deals In April

Helm Banca de Inversion (HBI), the independent investment banking arm of Grupo Helm, is solidifying its leadership position in Colombia’s investment banking market with over $130 million (USD) in deals in April 2015 alone. Among other deals, HBI advised BVC, the Colombian stock exchange in its purchase of Sophos,...
Posted On May 11, 2015
, By Loren Moss
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Bancolombia Launches First Banking App For Windows Phone In Colombia

Users of Microsoft’s Windows Phone 8.1 who hold accounts at Bancolombia may now take advantage of the Bancolombia App for Windows Phone. The application has been downloaded over 18,000 times, and was designed by the bank to allow users to interact with the institution in a streamlined, secure way. “We are...
Posted On May 11, 2015
, By Loren Moss
(Photo credit: EPM)
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EPM Expands Malambo Water Treatment Plant in Atlántico, Establishes Charity With PepsiCo and Postobón

In order to improve the quality of life of the inhabitants of Malambo, Atlantico on Colombia’s north coast, and promote the development of the municipality, Medellín based utility EPM has opened the El Tesoro water treatment plant. In addition, during the event commemorating the water treatment plant opening, a...
Posted On May 11, 2015
, By Loren Moss
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Gran Tierra Energy Announces New Executive Appointments Post-Proxy Rao

Gran Tierra Energy Inc. (NYSE MKT: GTE, TSX: GTE), a Canadian domiciled company focused on petroleum exploration and production in Colombia, today announced several new executive appointments effective immediately. This comes after Gran Tierra Energy’s current board averted a proxy battle by reaching a compromise...
Posted On May 11, 2015
, By Loren Moss
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Colombia’s Unemployment Rate Falls to Lowest Ever 8.9%

According to DANE (Colombia Statistics Bureau) figures, the number of employed people increased 4.1% from March 2014, meaning that in the last year, 854,000 Colombians found jobs. This resulted in a maximum employment rate for any March since Colombia started tracking unemployment. These results come in an...
Posted On May 11, 2015
, By Loren Moss
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US Ambassador, Colombia’s Finance Minister Featured At CEA General Assembly

The CEA (Council of American Enterprises) presented its 2014 results last week in the Country Club of Bogotá during a lunch attended by major US enterprises operating in Colombia. The event was attended by US Ambassador to Colombia Kevin Whitaker, and Mauricio Cárdenas, Colombia’s minister of finance. According to...
Posted On May 11, 2015
, By Loren Moss
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Major Construction and Design Expo Coming To Bogotá May 19-24

In the last two years, the construction sector has grown 9% as a part of the Colombian economy. According to the Colombian Construction Chamber of Commerce (Camacol) estimates, building construction used $28.5 billion in products and services, over 40% more than in 2010; evidence that construction is a great...
Posted On May 11, 2015
, By Loren Moss
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New To Colombia: First Carl’s Jr. Fast Casual Hamburger Restaurant Opens in Bogotá

Hamburger purveyor Carl’s Jr. continues its Latin America expansion with the opening of its first restaurant in Colombia last week. Located at Parque de La 93 on Bogotá’s north side, the restaurant marks the first of a multi-unit development agreement between Carl’s Jr. parent company CKE Restaurants Holdings,...
Posted On May 10, 2015
, By Loren Moss
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Colombian Tax Ruling: 33% Withholding Tax On Foreign Payments

Colombia’s Tax Authority, DIAN has clarified the withholding tax rate applicable to payments made abroad based on the provisions of Law 1739 of 2014. Article 28 of Law 1739 of 2014 set forth that revenue obtained by companies and foreign entities, that is not attributable to a branch or permanent establishment of...
Posted On May 9, 2015
, By Oscar Jimenez
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Budweiser in BBC? Bogota Beer Company Acquired By Inbev’s Ambev Unit

Colombia’s largest chain of brew pubs, Bogota Beer Company (BBC), has been sold to Ambev, the Brasil based subsidiary of global beer and beverage giant Anheuser-Busch Inbev, owner of brands such as Budweiser, Corona, Skol, and Stella Artois. The transaction was led by Colombian private equity firm Tribeca, who...
Posted On May 9, 2015
, By Loren Moss
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Gran Tierra and West Face Capital Reach Deal: Gary Guidry Appointed CEO, Agreement On New Board

CALGARY and TORONTO, May 8, 2015 /CNW/ – Gran Tierra Energy Inc. (From a statement issued by Gran Tierra this morning) (NYSE MKT: GTE, TSX: GTE), a company focused on oil exploration and production in Colombia and other countries in South America, and West Face Capital Inc. (West Face) today announced that...
Posted On May 8, 2015
, By Loren Moss
LNG Floating Storage Unit (CNW Group/Pacific Rubiales Energy Corp.)
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Breaking News; Pacific Rubiales Considering Takeover Bid By Alfa SAB and Harbour Energy

TORONTO, May 5, 2015 (CNW) Finance Colombia has learned that the Canadian petroleum company Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) has entered into exclusive discussions in respect of an offer  from Mexican conglomerate ALFA, SAB de CV, and Harbour Energy Ltd. whereby they would acquire all of the...
Posted On May 6, 2015
, By Loren Moss
Coal new colombia resources
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Breaking News: Pacific Coal Resources, Ltd. Defaults In Filing; Under Temporary Cease Trade Order

Pacific Coal Resources Ltd. (TSXV: PAK) announced today that it has filed a Material Change Report in respect of the Company’s default in filing annual financial statements, management’s discussion and analysis, and certifications for the period ending December 31, 2014 which were due to be filed on...
Posted On May 4, 2015
, By Loren Moss
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Exclusive Interview: Medellin’s Vice-Mayor Discusses The City’s Culture Of Innovation, Pro Growth Strategy

How did Medellín go from being infamous as the most dangerous city on Earth to being famous as the most innovative city on Earth? The United Nations recently held a global conference in Medellín, bringing government officials from all over the world to learn from Medellin’s example as a destination for business, a...
Posted On May 4, 2015
, By Loren Moss
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Unisys Ups Its Commitment To Colombia, Opens Global Innovation Center

Unisys Corporation (NYSE: UIS) has announced the launch of the Unisys Global Innovation Center in Bogotá, Colombia. This center will be focused on the creation of customized IT solutions for Unisys clients throughout the world. The Bogotá center will be the second of its kind that Unisys has established globally,...
Posted On May 4, 2015
, By Loren Moss
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ANATO Expects Tourism To Grow With New Connectivity to Armenia and Colombia’s Coffee Country

Paula Cortés Calle, the president of the Colombian Association of Tourism and Travel Agents (ANATO), announced last week new flights on Colombian air carrier Satena, flying from Bogotá to Armenia, Quindio starting May 25, with travel agencies already selling tour packages that take advantage of the new route to...
Posted On May 4, 2015
, By Loren Moss
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Guest Opinion: Education—Beyond Computer Giveaway Connectivity Programs

The use of technology in our lives will only increase over the next few years. Everything around us will be connected one way or another. Internet access is already embedded in automobiles and, a few decades from now, viewing the Internet while inside the car will be as ordinary as switching radio stations. As...
Posted On May 4, 2015
, By José Otero
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2019: One In Five Mobile Phones Sold In Colombia Will Be 4G LTE

Colombia has turned out to be one of the major players in the growth of LTE in Latin America due to early commercial launches of the technology in 2012, preceding even the launches in the US by Sprint and T-Mobile and beating out markets like Denmark, Spain, France and Italy. The levels of adoption of LTE in...
Posted On May 3, 2015
, By Loren Moss
Steven Joyce Natalia Ariza
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New Zealand Explores Educational Exchanges With Colombia

New Zealand recently concluded a mission to Colombia led by the Minister of Education, Training and Employment, Steven Joyce, along with representatives of New Zealand’s Agency for International Education (ENZ) with the purpose of strengthening bilateral ties and to formalize cooperation agreements in education...
Posted On May 3, 2015
, By Loren Moss
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Where To Eat In Colombia – Cartagena and Bolivar

These restaurants have been actually visited by Finance Colombia editors, and are recommended to the business traveler.The list is updated on a continual basis, and  contains a mix of the rustic to the fancy, so bookmark it and check back often.  To nominate a restaurant or to have your restaurant included,...
Posted On May 3, 2015
, By Loren Moss
El Cielo near Medellín's El Poblado district was voted one of the 50 best restaurants in Latin America
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Where To Eat In Colombia – Medellín and Antioquia

These restaurants have been actually visited by Finance Colombia editors, and are recommended to the business traveler.The list is updated on a continual basis, and  contains a mix of the rustic to the fancy, so bookmark it and check back often.  To nominate a restaurant or to have your restaurant included,...
Posted On May 3, 2015
, By Loren Moss
Plaza de Andres in the Hacienda de Santa Barbara shopping center (Usaquén) offers several fast casual dining concepts in one venue.
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Where To Eat In Colombia – Bogotá and Cundinamarca

These restaurants have been actually visited by Finance Colombia editors, and are recommended to the business traveler.The list is updated on a continual basis, and  contains a mix of the rustic to the fancy, so bookmark it and check back often.  To nominate a restaurant or to have your restaurant included,...
Posted On May 3, 2015
, By Loren Moss
Cheeseburger - San Antonio Antioquia
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Where To Eat In Colombia – National

These restaurants have been actually visited by Finance Colombia editors, and are recommended to the business traveler.The list is updated on a continual basis, and  contains a mix of the rustic to the fancy, so bookmark it and check back often.  To nominate a restaurant or to have your restaurant included,...
Posted On May 1, 2015
, By Loren Moss
Bolsa de Valores de Colombia
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Breaking News: Bolsa De Valores Colombia Acquires Sophos Banking Solutions

This afternoon, the Colombian Stock Exchange (BVC) announced that it has reached an agreement to acquire 51% of Sophos Banking Solutions in an all cash deal. Sophos is a leading South American technology firm with a focus on the finance and securities sector. The motivation behind the deal is to support the...
Posted On April 29, 2015
, By Loren Moss
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W Hotel Bogotá: Modernist Luxury Comes To Usaquén

Finance Colombia recently visited Starwood Hotels and Resorts’ (NYSE: HOT) recently opened W Bogotá in Bogotá’s north side, possibly Colombia’s premier luxury hotel designed for the high-end business traveler with tastes running towards the modern. The hotel presents a markedly different attitude than the...
Posted On April 26, 2015
, By Loren Moss
Rendering of the new auditorium on EAFIT's campus, built by Grupo Argos as part of its Centro Argos Para La Innovacion
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Exclusive: EAFIT’s Rector Discusses The University’s International Alliances, Corporate Partnerships, And Social Inclusion

EAFIT is a fairly young university when compared to European colleges or even many in the New World. Still, it has done quite a bit in its 55 year history. Started by business leaders in Antioquia who wanted a qualified source of managers and technicians, EAFIT has managed to become one of the top internationally...
Posted On April 26, 2015
, By Loren Moss
Photo © Loren Moss
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Fitch: Colombia’s Banks Resistant to Weak Peso and Slow Growth

The strong U.S. dollar, Colombian peso (COP) depreciation and slow growth in Latin American economies are not expected to be serious threats to the credit strengths of Colombia’s largest private banks, says Fitch Ratings. In a strong dollar environment, Colombia’s banks’ primary currency exchange...
Posted On April 26, 2015
, By Loren Moss
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Colombia Receives $400 Million USD Credit Line From The Central American Bank for Economic Integration

Colombia’s Minister of Finance, Mauricio Cardenas, revealed Thursday that Colombia will have access to a credit line of US $ 400 million with the Central American Bank for Economic Integration (BCIE for its initials in Spanish). Colombia has been a non-regional member of the BCIE since 1996. “The bank will...
Posted On April 26, 2015
, By Loren Moss
EPM's General Manager Juan Esteban Calle Restrepo at the press conference announcing EPM's acquisition of ADASA
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Medellin’s Public Utility EPM Purchases Aguas Antofagasta of Chile

The utility Grupo EPM (Empresas Públicas de Medellín), owned by the municipal government of Colombia’s second largest city, has reached an agreement to purchase the water utility Aguas de Antofagasta, S.A. (ADASA)  in Chile, subject to Chile’s Empresa Concesionaria de Servicios Sanitarios S.A.  (ECONSSA), th...
Posted On April 26, 2015
, By Loren Moss
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Millicom’s Tigo And UNE Brands Contributing To Strong Q1 2015 Results

Millicom International Cellular (NASDAQ:MICC) (STO:MIC), the Luxembourg based global telecom operating the Tigo and UNE brands in Colombia is reporting strong first quarter revenue growth across its operating units. While the weakness of the Colombian Peso has served as a drag on profitability, the company has...
Posted On April 22, 2015
, By Loren Moss
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UPDATED: West Face Capital Launches Proxy War To Usurp Management And Take Control of Gran Tierra Energy

It was only a matter of time before dominoes start to fall in the Andean petroleum sector due to the prolonged low oil prices, and now, Finance Colombia has obtained documents filed with the United States Securities and Exchange Commission (SEC) signaling the intent by Toronto based activist investor West Face...
Posted On April 21, 2015
, By Loren Moss
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Colombia Leading Growth of 4G LTE Adoption In Latin America; Exclusive Interview With 4G Americas’ José Otero

Latin America has seen a substantial increase in LTE deployments and subscribers with an impressive 488% annual growth from 2 million LTE connections at end of 2013 to 12 million at the end of 2014. This growth is due in large part to the spectrum auctions that have occurred throughout the region allowing service...
Posted On April 20, 2015
, By Loren Moss
Finance Colombia's Loren Moss speaks with Blockwise's Evangelina Colasso
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Why Would A Gaming Software Company Co-Founded By An Argentine In Brasíl Move Everything to Medellín, Colombia?

Blokwise, also known as BW Studios, has developed video game and animation work for South American brands such as Haceb and Pilsen, as well as global entertainment giants like TNT and the Cartoon Network. A company like this could probably operate anywhere, whether in Brasíl where it initially located due to the...
Posted On April 20, 2015
, By Loren Moss
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After 30% Growth In 2014, Digitex Finds Strong Growth Prospects In Colombia’s Insurance And Finance Sectors

Iberian company Digitex has been experiencing tremendous growth of late, using its global footprint to find success beyond its Iberian home. In 2014 alone, the company realized 30% revenue growth in Colombia alone, providing a mix of technology and services to corporate customers. Digitex has expanded beyond its...
Posted On April 19, 2015
, By Loren Moss
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Pacific Rubiales To Release Results And Hold Conference Call, Appoints New Investor Relations Head

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced Thursday that its first quarter 2015 results will be released before market opening next month, on Thursday, May 14, 2015 followed by a conference call and webcast for investors and analysts at  9am Eastern Time. Participants will include Ronald...
Posted On April 19, 2015
, By Loren Moss
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Innovari Names Manuel Arancibia To Head New Colombia Office

Energy technology provider Innovari has appointed Manuel Arancibia as president of Innovari Latin America in conjunction with the opening of its Colombia office. The expansion supports the growth of the company’s Latin American operations, and adds a local sales and technical support presence that the...
Posted On April 19, 2015
, By Loren Moss
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Major Increase in Colombian Commercial Air Routes Approved

Due to increasing domestic and international demand for air travel, Aerocivil, Colombia’s civil aviation authority has announced decisions on a number of new domestic and international air routes petitioned by commercial carriers for 2015. Lan Colombia received approvals for the following new routes: Route and...
Posted On April 19, 2015
, By Loren Moss
Frame from a security video provided by Ecopetrol
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Union Sindicalists Overrun Ecopetrol Facility Near Santa Marta

Colombia’s largest company, state controlled Ecopetrol released video showing the unauthorized entry of USO (Union Sindical Obrera de la Industria del Petrolero) activists last Tuesday at the oil producer’s Pozos Colorados facility, on the Atlantic coast, south of Santa Marta. According to Ecopetrol,...
Posted On April 19, 2015
, By Loren Moss
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First Holiday Inn Express Hotel Opens In Bocagrande, Cartagena

InterContinental Hotels Group (IHG)  [LON:IHG, NYSE:IHG (ADRs)]  has announced the opening of the Holiday Inn Express Cartagena Bocagrande hotel in Cartagena. The new, 200-room hotel is the second IHG property in Cartagena and IHG’s 12th property in Colombia. A third Cartagena hotel is under construction...
Posted On April 19, 2015
, By Loren Moss
Finance Colombia editor Loren Moss with publicist Liliana Torres Rios (left), and Vallenato artist Beimar Toledo in the offices of the Consejo de Empresas Americanas
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Photo Brief: Merriment And Mirth At The Council of American Enterprises

Meetings between Finance Colombia and the Council of American Enterprises at the latter’s headquarters in the Chicó district of Bogotá, were pleasantly interrupted by a serenade from Vallenato rising star Beimar Toledo, accompanied by his lovely publicist, Liliana Torres Ríos. Toledo performed several songs,...
Posted On April 19, 2015
, By Loren Moss
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Ruta N Technology Incubator Anchors Medellin’s Innovation District, Driving Business Growth And Social Inclusion

While Colombia’s center of government may rest in Bogotá, the second largest city of Medellín has always been an economic engine and home to some of Colombia’s largest enterprises. Free of the confrontational politics and scandal that have often plagued the country’s capital, Medellin has for at least the past...
Posted On April 13, 2015
, By Loren Moss
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Exclusive Interview: Praxis Head Discusses Growth in Colombia’s Finance Sector, But Critical Data Security Challenges Remain

Finance Colombia recently sat down with the Director General of Praxis in Colombia, Carlos Chiquillo, fresh off their celebration of a successful first year of operations in the Andean nation. The Mexican based multinational opened operations in Colombia due to strong demand from existing clients, who wanted their...
Posted On April 12, 2015
, By Loren Moss
Courtesy JessicaFender - Pixabay
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Expert Opinion: The Special Hydrocarbon Exchange Regime—Innovative or Outdated?

The increasing currency flows from foreign investment directed towards the hydrocarbon sector, have been stimulated largely due to laws that Colombia’s national government has implemented in order to stimulate investment in this sector. The time has come to discuss and to analyze the regulatory structure that...
Posted On April 11, 2015
, By Enrique Buitrago
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Unemployment In Colombia Continues At Record Lows

Colombia’s Finance Minister Mauricio Cardenas said Tuesday that the unemployment rate for the country continues its downward trend, reaching 9.9% for the month of February, 2015. “The trend in unemployment continues to fall. The unemployment rate has stood at 9.9% in February, much lower than that recorded...
Posted On April 11, 2015
, By Loren Moss
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US ExImBank to Back AugustaWestland Helicopter Deal Serving Colombian Offshore Petroleum Sector

The Export-Import Bank of the United States (Ex-Im Bank) has approved a $22.4 million dollar loan guarantee for Apple Bank for Savings of New York to finance the export of U.S.-made AgustaWestland AW139 helicopters to borrower North Pole Investments in Panama for use in Colombia’s offshore oil and gas...
Posted On April 11, 2015
, By Loren Moss
US President Barack Obana and Panama’s President Juan Carlos Varela look on as (seated, l to r) David Joyce, President of GE Aviation, Jim McNerney, CEO and Chairman of Boeing, Stanley Motta, Chairman of Copa Holdings, and Copa CEO Pedro Heilbron signed documents recognizing the agreement. The airplanes had previously been listed as unidentified on Boeing’s Orders and Deliveries website.
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Copa Airlines Signs $6.6 Billion (USD) Deal For 61 Boeing 737 Aircraft

Copa Airlines (NYSE:CPA) and Boeing (NYSE: BA) announced on Friday, a $6.6 billion US dollar (based on Boeing’s published list prices) order for 61 737 MAX-8 and MAX-9 airplanes, making it the largest commercial transaction between a Panamanian and United States company ever. U.S. President Barack Obama and...
Posted On April 11, 2015
, By Loren Moss
Courtesy byrev - pixabay
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EEB Wins Tender To Boost Electrical Capacity in Colombia’s Magdalena Department

Empresa Energía de Bogotá (EEB), parent company of Grupo Energía de Bogotá, was awarded the UPME STR 07-2014 Río Córdoba 220/110 kV tender offer, by Colombia’s Mining and Energy Planning Unit (UPME) last Thursday. The project consists of the construction, operation and maintenance of two 220/110 kilovolt...
Posted On April 11, 2015
, By Loren Moss
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Photo Brief: Presidents Santos And Obama Hold Bilateral Meeting During Summit Of The Americas In Panamá

ABOVE:  Colombian President Juan Manuel Santos shakes hands with United States President Barack Obama during a cordial bilateral meeting that they held while the two leaders were attending the Summit of The Americas in Panamá last week. Also attending were Colombian Foreign Minister Maria Angela Holguin, and...
Posted On April 11, 2015
, By Loren Moss
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Jorge Castaño Gutiérrez Appointed Financial Superintendent

Colombia’s finance minister Mauricio Cardenas, through decree 0602 issued on April 7, has appointed Jorge Castaño Gutiérrez as financial superintendent. Castaño has worked with the financial supervisory authority for the past decade, and has most recently served as the director of research and development for the...
Posted On April 9, 2015
, By Loren Moss
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Expert Analysis: Using Big Data To Make Better Decisions in Financial Institutions

Increasingly, the emergence of wireless technologies, intelligent products and businesses defined by software play a key role in the exponential growth of data worldwide. This is corroborated according to a study conducted by EMC Corporation and IDC, which states that the Digital Universe is doubling its size...
Posted On April 9, 2015
, By Salvador Vega
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Delta Announces New Flights From Cartagena and Medellín to Atlanta

Delta Air Lines (NYSE: DAL) has announced expansion to its service between the United States and Colombia with new flights from its largest hub in Atlanta to Medellin and Cartagena starting December 19 of this year. Tickets for the flights are already available for purchase. Schedule: Atlanta to Medellin Flight...
Posted On April 9, 2015
, By Loren Moss
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Report: Cali Demanding Attention of Global Investors, as Demonstrated by Giant Hi-Tech Business Park Under Construction

Based on a private report released in November 2014 by the global research firm Everest Group, Cali, Colombia does not necessarily receive the attention it deserves as an ideal global services delivery destination. More famous for its world class salsa scene, its “La Sexta” party district, and its musicians like...
Posted On March 31, 2015
, By Loren Moss
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Exclusive: Everest Group’s Salil Dani Discusses Colombia’s Back-Office & Processing Services Potential

Global consultancy & analyst firm Everest Group recently released their 2014 Market Vista and 2014 Year In Review, in which they discuss global shared services and outsourcing trends. Latin America is growing as a destination for these services, and Colombia seems to be climbing the value-chain to compete with...
Posted On March 31, 2015
, By Loren Moss
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“Féria de las Dos Ruedas” Motorcycle Industry Trade Show and Exhibition Coming to Medellín May 21-24, 2015

Considered by some to be the premier motorcycle industry event in Colombia; the ninth edition of the Fair of Two Wheels Colombia is bringing an extensive business agenda and many great attractions for industry professionals and motorcycle enthusiasts. This year the fair will open its doors to industry...
Posted On March 30, 2015
, By Loren Moss
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Cencosud Reports Fourth Quarter Profits Up 7%, Net Income Down 35.7%

Cencosud S.A. (BCS: CENCOSUD; NYSE: CNCO), the Chile-based  retailer with presence in five countries, including Colombia, announced Friday its consolidated financial results for the fourth quarter and year-end of 2014. All figures are in Chilean pesos (CLP), except where indicated otherwise, and in accordance with...
Posted On March 28, 2015
, By Loren Moss
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PRAXIS Launches Mobile Investment App in Colombia

Last week, PRAXIS, a global technology provider headquartered in Mexico, launched PraxFinancial a new tool directed to brokerage firms who want to offer their customers a tool that allows them to invest in the securities market in a simple, quick and novel way and, at the same time, enables investment operations....
Posted On March 28, 2015
, 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 Announces Dividend Of 70% Net Income, New Board of Directors, Auditor

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced yesterday that the General Shareholders’ Meeting, held March 26th, 2015, approved an ordinary dividend of 133 Colombian pesos (COP$133) per share. The General Shareholders’ Meeting approved a lump sum payment of the total dividend to...
Posted On March 27, 2015
, By Loren Moss
Avianca Boeing 787 Dreamliner at Medellín's Airport
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Fitch Affirms Avianca Holdings’ IDRs at ‘BB-‘ & Unsecured Notes at ‘B+/RR5’; Outlook to Negative

Fitch Ratings has issued the following statement this morning regarding the credit outlook of Avianca Holdings. Fitch Ratings has affirmed the ratings of Avianca Holdings S.A.’s (Avianca Holdings) and its subsidiaries as follows: Avianca Holdings S.A. (Avianca Holdings) –Long-term Issuer Default Rating...
Posted On March 27, 2015
, By Loren Moss
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Bancolombia Wins IDB Sustainable Banking Award For Its BanCO2

The Inter-American Development Bank (IDB) announced in Korea today the winners of the fifth annual beyondBanking awards, which recognize best projects and initiatives in the region contributing to the creation of a more sustainable financial sector. The awards were given in a ceremony at the Bank’s Annual Meeting...
Posted On March 27, 2015
, By Loren Moss
Dr. Enrique González Villa - President of Cámara Colombiana del Libro
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Macondo: Special Guest Nation At This Year’s “FILBo,” Colombia’s International Book Fair

This year’s guest nation at Colombia’s “Féria Internacionál del Libro” will be Macondo, the fictional country imagined by the late “Gabo,” Gabriel Garcia Márquez, the Colombian author who was awarded the 1982 Nobel Prize in Literature. A 3,000 square-meter pavilion honoring the author will recreate the feel and...
Posted On March 26, 2015
, By Loren Moss
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EEB Will Not Bid For Isagen. Fitch Holds Credit Outlook At Neutral

Consistent with Fitch Ratings’ belief that a major acquisition by Empresa de Energia de Bogota S.A. E.S.P.’s (EEB) is unlikely in the near to medium term, the company publicly declared it will not be participating in the republic of Colombia’s attempted sale of Isagen S.A. E.S.P.’s (Isagen)...
Posted On March 26, 2015
, By Loren Moss
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Colombian Banks’ Disclosures Improve With IFRS Adoption, Says Fitch

The introduction of IFRS reporting in 2015 for Colombian banks is an improvement in financial disclosure, says Fitch Ratings. A majority of IFRS rules became effective for all Colombian financial institutions on Jan. 1, 2015 and introduced material changes in the treatment of goodwill and consolidation. Colombia...
Posted On March 26, 2015
, By Loren Moss
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Interview: ETB Making Moves To Catch Up, Surpass Competition

Empresa Telefónica de Bogotá (ETB), claiming to be the second oldest existing telephone company on the planet, has been making impressive moves in 2014 and 2015, transforming its business model into a modern digital communications enterprise. CEO Saul Kattan Cohen was recognized by Colombian financial daily L...
Posted On March 26, 2015
, By Loren Moss
Colombia's Banco De La RepublicaBoard of Directors, Photo credit Juan Enrique Rodríguez.
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Colombia’s Central Bank Leaves Benchmark Interest Rate at 4.5%

The Board of Colombia’s Bank of The Republic, at its meeting last Friday decided to keep the benchmark interest rate at 4.5%. According a statement released by the Central Bank, the Board took into consideration the following aspects when reaching its decision: The average economic growth of Colombia’s...
Posted On March 25, 2015
, By Loren Moss
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ETB Reports Record 20-Year Profits, New Board of Directors Elected At Shareholder Meeting

The General Shareholders’ Meeting of 2015 took place yesterday for Empresa Telefónica de Bogotá (ETB), where an improvement in the telecom’s balance sheet of an increase in equity (25.6%) and a decrease in liabilities (29.1%) during the last three years was the highlight, and the authorization of an increase...
Posted On March 25, 2015
, By Loren Moss
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Invitation: Deepwater & Unconventional Oil Exploration & Production in Colombia Forum

Deepwater and unconventional E&P activities in Colombia are experimenting a significant boost, creating great business opportunities for international companies. Monday, May 4th, 2015, 8:00 am – 12:00 pm OTC – NRG Arena – Houston, TX 77054 While Colombia is globally recognized as a source of...
Posted On March 24, 2015
, By Loren Moss
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Fitch Revises Rating Outlook on Grupo Sura to Positive; Affirms IDR at ‘BBB-‘

Fitch Ratings has revised the Rating Outlook for Grupo de Inversiones Suramericana’s (GRUPO SURA) long-term foreign and local currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed the IDRs at ‘BBB-‘. Fitch has also affirmed outstanding debt ratings of GRUPO SURA and its...
Posted On March 24, 2015
, By Loren Moss
Avianca 787 united airlines
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Avianca, Subsidiaries, Carried Over 2 Million Passengers in February, 2015

In February, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) transported 2,049,954 passengers, up 7.4% compared to February  of 2014. Capacity, measured in ASKs (available seat kilometers), increased 6.8%, while passenger traffic, measured in RPKs (revenue passenger kilometers),...
Posted On March 24, 2015
, By Loren Moss
President Juan Manuel Santos
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President Santos Lauds $1 Billion Dollar (US) Bond Placement, Global Investor Confidence in Colombian Economy

The President of  Colombia, Juan Manuel Santos, said today that Colombia successfully placed a new $1 billion (USD)  bond issue on the global debt market yesterday, demonstrating the world’s confidence in the soundness of the Colombian economy. “We placed  a billion dollars at less than the interest...
Posted On March 24, 2015
, By Loren Moss
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Bladex Reports 4Q 2014 Income At $36.1 Million (USD), 51% Growth over 2013

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, “Bladex”), the Panama-based supranational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade finance and economic integration in the Region, announced its results for the fourth quarter...
Posted On March 24, 2015
, By Loren Moss
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PRAXIS Launches Pay Wallet, Virtualized NFC Electronic App in Colombia

PRAXIS, a Mexican transnational corporation, and provider of technology solutions, announced the availability in Colombia of “Pay Wallet”, their electronic wallet model for corporations and banking institutions, that in the form of an application, enables the information exchange and storage.  With this...
Posted On March 23, 2015
, By Loren Moss
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Fitch Affirms Empresa de Telecomunicaciones de Bogota S.A. E.S.P. at ‘BBB-‘; Outlook Stable

Fitch Ratings has affirmed Empresa de Telecomunicaciones de Bogota S.A. E.S.P.’s (ETB) ratings as BBB- regarding Long-term foreign and local currency Issuer Default Ratings (IDRs). ETB has COP 530 billion senior notes due 2023 at ‘BBB-‘, and the agency has assigned a National long-term rating at...
Posted On March 23, 2015
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Wednesday March 25: Banco Davivienda to host Fourth Quarter 2014 Earnings Conference Call & Webcast Presentation

Banco Davivienda (BVC: PFDAVVNDA), a subsidiary of Grupo Bolivar, announced it will host its Fourth Quarter 2015 Earnings Conference Call & Webcast Presentation on Wednesday, March 25, 2015. Conference Call in English at 10:30am Eastern Time To participate, please dial: 1-800-311-9401 (U.S. participants)...
Posted On March 23, 2015
, By Loren Moss
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Continental Gold Developing Buriticá Project, Preparing Issue On Colombia’s Stock Exchange

In an interview with Bloomberg News, Continental Gold Ltd. CEO Ari Sussman says the mining company is preparing to list shares on the Bolsa de Valores de Colombia, with a target of raising roughly $20 million (USD) to increase liquidity and the company’s investor base. The company is working to develop it...
Posted On March 22, 2015
, By Loren Moss
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Colombia’s GDP Grew 4.6% in 2014, Says Finance Ministry

The Minister of Finance, Mauricio Cardenas, said Tuesday that the economic activity during 2014 grew by 4.6% from the previous year, according to figures published by DANE, Colombia’s official statistics agency. “The result of 3.5% for the fourth quarter allowed the country to close 2014 with growth of...
Posted On March 22, 2015
, By Loren Moss
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Minhacienda’s Mauricio Cardenas Affirms Government’s “Absolute Support” For Bogotá’s Proposed Metro

Colombia’s Finance Minister Mauricio Cardenas, confirmed last Monday “absolute support ” by the national government for the proposed construction of the Metro de Bogotá, the capital city’s planned subway and light rail project. While participating in the regional forum of the National...
Posted On March 22, 2015
, By Loren Moss

Fitch: Colombian Electric Demand Continues to Lag GDP Growth

Fitch Ratings expects electric demand in Colombia to continue to lag real gross domestic product (GDP) growth albeit with a shrinking gap over the short to medium term. This is due to low industrial electricity consumption as a percentage of total demand. Over the past decade, while real GDP growth averaged 4.4%,...
Posted On March 22, 2015
, By Loren Moss
Photo courtesy lalabell68 - Pixabay
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Pacific Rubiales Energy Delists From Brazil’s BOVESPA Exchange

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced last week that it has received approval from the Brazilian Securities Commission and the Brazilian Stock Exchange (BM&FBOVESPA – Bolsa de Valores, Mercadorias e Futuros), effective immediately, for the cancellation of the Company’s (i)...
Posted On March 22, 2015
, By Loren Moss
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Countdown Begins To F-Air Colombia 2015 Aeronautical Trade Show

Yesterday evening in Bogotá’s Corferias Convention Center, an reception attended by civilian officials, police and military brass from several different countries formally launched the preparatory phase for the 2015 F-Air Colombia International Air Show, to take place from July 9-12, in Rionegro, Colombia, at...
Posted On March 20, 2015
, By Loren Moss
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KLM Launches scheduled service to Bogotá & Cali

KLM Royal Dutch Airlines is launching a new scheduled service to Colombia’s capital, Bogota, and Cali, the country’s third-largest city. Beginning March 31, KLM will fly three times a week operating a Boeing 777-200 on flight KL745. The round trip route will start in Amsterdam, stopping in Bogota, then Cali, and...
Posted On March 20, 2015
, By Loren Moss
Daniel Nieves - Grupo Char's EVP, Lina Chaar - Grupo Char's Director and Peter Tropoli - Luby's, Inc. COO celebrate a partnership to bring Fuddruckers fast casual brand to Colombia at a recent press conference in South America. The event was also attended by Jeff Hamilton, Commercial Attache U.S. Embassy, Bogota, Colombia (PRNewsFoto/Fuddruckers)
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Fuddruckers Fast Casual Restaurants Entering Colombia With New Franchise Partner Grupo Char’s

Houston, Texas-based Luby’s Fuddruckers Restaurants, LLC has finalized a new development agreement that will extend the fast casual hamburger restaurant group’s base in South America.  A partnership with Grupo Char’s calls for an initial restaurant opening in Bogota, following Fuddrucker’s South...
Posted On March 20, 2015
, By Loren Moss
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