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Colombia’s commercial regulatory authority, the Superintendencia de Industria y Comercio (SIC), has ordered popular ride hailing platform Uber to cease operations in Colombia. So far Uber has rejected the order, indicates it is appealing, and continues to operate. Uber is very...

US based petroleum supergiant Chevron-Texaco (NYSE: CVX) and Colombia’s state controlled Ecopetrol (NYSE: EC, BVC: ECO) Subsidiary Hocol have announced the inking of a deal for Hocol to acquire Chevron’s 43% stake and operational responsibility in the Asociación Guajira project,...

Chevron Petroleum has received a green light from Colombia’s Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio) to purchase Peru-based Primax’s interest in their jointly owned petroleum terminals in the Cali suburb of Yumbo, and the Pacific port...

SIC has suspended the website after the company failed to refund 1,910 tickets valued at a combined $130,000 USD (382 million pesos).