Finance Colombia

Turbine Replacement Begins At EPM’s Hidroituango Dam

After manufacturing, the units had to be shipped from Santos, Brazil to Colombian ports in the Caribbean, then deployed over roads as oversized cargo to the rural site of the Hidroituango hydroelectric dam in northern Antioquia.

Posted OnJanuary 18, 2021

, ByLoren Moss

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Fitch Affirms Ecopetrol At BBB- With Negative Outlook

The rating agency highlighted Ecopetrol's liquidity profile, supported by its cash generation, strong access to capital markets and adequate debt maturity profile.

Posted OnDecember 2, 2020

, ByLoren Moss

Strategy Discussion: CTO Sri Shivananda Talks About Paypal’s Push To Help Both The Enterprise & The Unbanked

Finance Colombia’s executive editor Loren Moss was able to speak with PayPal’s CTO Sri Shivananda about the company’s strategy in The Americas, but also drilling down into the company’s plans to bring the unbanked into the world of e-commerce.

Posted OnNovember 21, 2020

, ByLoren Moss

Delivering Excellent Customer Service and Managing Remote Teams: How to Balance Today’s Dilemmas?

Cloud platforms provide Contact Center companies with all the tools they need to balance the challenges of the new world order

Posted OnNovember 2, 2020

, ByLoren Moss

Breaking News: Former Avianca Chairman Germán Efromovich Arrested On Corruption & Bribery Charges

Former Avianca chairman Germán Efromovich along with his brother José have been arrested in Brazil on charges of bribery and corruption as part of the Lava Jato investigation.

Posted OnAugust 19, 2020

, ByLoren Moss

Free Webinar August 26: Hydropower of Latin America: Implementation of HPPs Construction & Modernization Projects

Free webinar August 26: Hydropower of Latin America: implementation of HPPs construction and modernization projects 11 am Colombia time Organizer: Vostock Capital Website: https://www.latinamericahydrocongress.com/en/webinar

Posted OnAugust 17, 2020

, ByLoren Moss

Photo credit: Laura LaRose via Flickr https://flic.kr/p/QACXgS Creative Commons Attribution 2.0 license

Cuban Doctors Deploying To Medellín? Not All Roads Lead To Cuba In International Cooperation – Op Ed

A leaked letter showed that Medellín Mayor Daniel Quintero wrote the cuban government asking for Cuban doctors to potentially come to Medellin and help with the COVID-19 Pandemic. But he bypassed Colombia's foreign ministry and ignited a major controversy that a more experienced...

Posted OnAugust 1, 2020

, BySergio Escobar

The above IHME map shows the mean value (across the 1,000 regressions that IHME runs in its SEIR model) of effective reproductive number, R, on June 9. Infections on June 9 roughly correspond to cases of COVID-19 on June 20 given the average duration of 11 days between infection and being reported as a case. Where this value is greater than 1, it means that every person infected with COVID-19 will produce more than one additional infected person. To successfully eliminate a disease from a population, R needs to be less than 1. The map shows that on June 9 in many parts of the world, R was lower than 1, including many parts of North America, Europe, Africa, India, Australia, and New Zealand. Locations that are showing effective R values greater than 1, which means that the number of cases of COVID-19 in the population is growing, include several states in India, the US, Mexico, and Brazil, as well as many countries in the Southern Hemisphere, such as Argentina, Chile, and Indonesia. Several countries in the Middle East, including Egypt, Saudi Arabia, Iraq, and Yemen, as well as Turkey and Iran, also had R values greater than 1 as recently as two weeks ago.

Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other...

Posted OnJune 29, 2020

, ByLoren Moss

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Colombia Telecomunicaciones’ (Movistar) Credit Ratings Remain Stable

Fitch says Movistar has a diversified service portfolio with a national footprint and improving 4G and fiber broadband networks. Mobile accounts for approximately 60% of revenues in 2019, in line with the regional median.

Posted OnJune 29, 2020

, ByLoren Moss

Latin American Corporate Defaults Expected To Rise, says Fitch

The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories.

Posted OnJune 29, 2020

, ByLoren Moss