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United States Lifts 3-Decade Ban On Colombian Yellowfin Tuna

The United States National Oceanic and Atmospheric Administration (NOAA) has authorized the lifting of the embargo on yellowfin tuna from Colombia, announced Colombia’s Ministry for Commerce, Industry and Tourism. The action was taken after the Colombian government...
Posted On October 15, 2019
, By Loren Moss
bancoldex
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Bancoldex Offers Green Credit Facility For Micro & Small Businesses In Colombia

Bancoldex, Colombia’s development bank, has announced a new $50 million line of credit for microenterprises and small businesses to finance projects that reduce greenhouse gases, adapt to climate change, or mitigate environmental impact. The credit like has a term of up to 3...
Posted On October 15, 2019
, By Loren Moss
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Gran Colombia Gold Announces Updated Mineral Resource Estimate and Preliminary Economic Assessment for Its Marmato Project

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has completed an updated Mineral Resource estimate for its Marmato Project prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by...
Posted On October 15, 2019
, By Loren Moss
umbrella life insurance colombia
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Fitch: 1 in 4 Latam Corporates Exposed To 1 or 2 Notch Rating Downgrade

One in four Fitch-rated corporates in Latin America is exposed to either a one-notch sovereign or country ceiling downgrade, while ratings for nearly one-third of issuers are vulnerable to a two-notch downgrade, according to Fitch Ratings. There are a meaningful number of...
Posted On October 15, 2019
, By Loren Moss
(Photo credit: Avianca)
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Avianca Receives $250 Million USD Loan From United Airlines & Kingsland Holdings, Seeks To Raise Additional $125 Million Debt

On October 4, 2019, United Airlines, Inc. (NASDAQ: UAL) and Kingsland Holdings Limited delivered to Avianca Holdings S.A. (NYSE: AVH, BVC PFAVH) a commitment to provide Avianca at least a $250 million senior secured convertible loan, expected to close on or before October 15,...
Posted On October 10, 2019
, By Loren Moss
Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)
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Tecnoglass To Announce Q3 Earnings, Hold Earnings Call November 6

Tecnoglass Inc. (NASDAQ: TGLS), the leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, today announced it will release financial results for the third quarter 2019 before the...
Posted On October 10, 2019
, By Loren Moss
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UruIT Celebrates Its Expansion Into Bogotá, Where The IT Outsourcer Is Actively Hiring Developers

Montevideo, Uruguay based IT software outsourcing firm UruIT continues its growth, opening offices in Colombia’s capital of Bogotá; this after expanding into the Andean nation with Medellín offices in 2016. Primarily serving North American corporate clients from sales offices in...
Posted On October 10, 2019
, 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 Upgrades ColTel (Movistar) to ‘BBB-‘; Outlook Stable

Fitch Ratings has upgraded Colombia Telecomunicaciones S.A. E.S.P.’s (ColTel) Foreign Currency (FC) and Local Currency (LC) Issuer Default Ratings (IDR) to ‘BBB-‘ from ‘BB+’, the 2022 notes to ‘BBB-‘ from ‘BB+’, and the hybrid...
Posted On October 4, 2019
, By Loren Moss
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22% of Visitors To Colombia From USA, Followed by Peru (20%) & Panamá (17%)

In the first half of 2019, the number of international visitors passing through Colombian immigration continues its upward trend, with 2,865,070 foreign nonresident visitors between January & August, according to Colombia’s Ministry of Commerce, Industry & Tourism...
Posted On October 4, 2019
, By Loren Moss
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Chevron Petroleum, Colombia’s Green Heart Foundation Donate House To Widow & Child Of Fallen Police Officer

Chevron Petroleum (NASDAQ: CVX), in conjunction with Colombia’s Green Heart Foundation (Fundación Corazón Verde), local construction company Constructora Capitál and the U.S. Embassy donated this week a new home in the Medellín suburb of Sabaneta to the widow and child of fallen...
Posted On October 2, 2019
, By Loren Moss
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