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In this week’s Colombia Business News Recap:
Canadian Sacha Lemaire Lepage facing Narcotics, Firearms & Wildlife Abuse Charges In Colombia https://www.financecolombia.com/canadian-sacha-lemaire-lepage-facing-narcotics-firearms-wildlife-abuse-charges-in-colombia/Jimmy Carter’s Colombia Blacklist Revealed https://nsarchive.gwu.edu/briefing-book/colombia/2024-04-15/jimmy-carters-colombia-blacklist-revealedColombian Kidnapper Hiding In Chile Captured & Sent to US https://www.justice.gov/opa/pr/foreign-national-extradited-chile-united-states-kidnapping-and-assaulting-us-army-soldiersWOM is bankruptRuta-N and SAP Announce Alliance To Support Entrepreneurship and Investment in Medellín https://www.financecolombia.com/ruta-n-and-sap-announce-alliance-to-support-entrepreneurship-and-investment-in-medellin/The Feria 2 Ruedas motorcycle convention returns to Medellín May 2-5, bringing commerce, fun & learning opportunities. https://www.feria2ruedas.com/en/visitantesSubscribe free at https://fcsubscribe.com Need to hire bilingual talent? Try EmpleoBilingüe! https://empleobilingue.com/
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In this week’s Colombia Business News Recap for April 13, 2024:
Gringos gone wild! “Cannabis Jimmy,” Californian pot producer caught near Medellín. https://www.policia.gov.co/noticia/ciudadano-estadounidense-realizaba-tours-cannabicos-extranjeros-sabaneta Colombian economic growth stalls, 277,000 jobs lost in January & February alone. https://openknowledge.worldbank.org/bitstreams/5a4de9c0-52ef-4b3f-8592-249995492a9a/download Former President Alvaro Uribe’s prosecution moving forward under new attorney general. From 2018: Former Colombian President Álvaro Uribe Submits Resignation from Senate Amid Investigation https://www.financecolombia.com/former-colombian-president-alvaro-uribe-resigns-from-senate-amid-investigation/ From 2020: Breaking News: Former Colombian President Alvaro Uribe Under House Arrest https://www.financecolombia.com/breaking-news-former-colombian-president-alvaro-uribe-under-house-arrest/ Water rationing comes to major cities in Colombia due to serious drought conditions. Collective Mining (TSX: CNL) is finding more gold, copper & silver in its Apollo porphyry. https://www.financecolombia.com/?s=cnl&id=25319 US Ambassador Palmieri meets with Medellín’s Mayor Gutierrez & pledges full support against sexual predators and human traffickers. https://www.financecolombia.com/us-government-pledges-medellin-mayor-federico-gutierrez-full-support-against-sexual-predators-human-trafficking/ The Feria 2 Ruedas motorcycle convention returns to Medellín May 2-5, bringing commerce, fun & learning opportunities. https://www.feria2ruedas.com/en/visitantes
Read more at Finance Colombia https://www.financecolombia.com/
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Episodi mancanti?
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In this week’s Colombia Business News Recap for April 4, 2024:
Petro’s health reform buried in the Colombian senateGeopark (NYSE: GPRK) launches a stock buybackAvianca launches flights to Montreal & Paris, but gets fined for unfair competitionNew Colombian Public Debt ETF launchedAntioquia’s governor asks for public donations to complete highwaysImprovements in the road connecting Medellín to its international airportEconomic uncertainty affecting foreign investmentCorrupt prosecutor sent to jailLuis Carlos Sarmiento retires from Grupo Aval (NYSE: AVAL)Chickens being sacrificed and their blood spattered over Bogotá’s Metro Construction project. See: https://x.com/andreanimalidad/status/1770142966411317525?s=20Medellín is fighting back against perverts like Dominick DiVincenzo and Timothy Alan LivingstonRead more at Finance Colombia https://www.financecolombia.com/
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In this Finance Colombia exclusive, Francisco “Pacho” Santos sits down for an in-depth interview with Loren Moss to discuss current events in Colombia. Santos is the former vice president of Colombia under Alvaro Uribe, and former Ambassador to the United States during the Ivan Duque administration.
Santos is equally outspoken and fluent in English as he is in Spanish, and shares his opinion on:
Petro’s frustration, improvisation and his stalled reformsColombia’s new Attorney General Luz Adriana CamargoWeaknesses in Colombia’s prosecutorial structureGustavo Petro’s “Paz Total” or “Total Peace” initiativeSantos’ time as a victim of kidnapping and how it shaped his politicsThe state of the Colombia – US bilateral relationshipThe surging cocaine production in ColombiaA critique of both Biden & TrumpThe failure of US domestic drug policyColombia’s health system & Petro’s proposed health reformThe governance crisis at EcopetrolThe Thomas Greg passport scandal in the foreign ministryFiscal discipline and institutionality in the current administrationThe former Vice President’s future projects
Read more at Finance Colombia https://www.financecolombia.com/
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In The Colombia Business News Recap for March 16 2023:
Why did the US release one of Colombia’s 10 most wanted criminals after he crossed the border illegally from México into Texas?President Gustavo Petro’s frustration is reaching the boiling point as his “revolutions” fail and he calls for a constituent assembly (constitutional convention).JetSmart launches domestic operations in ColombiaLuz Adriana Camargo is the new attorney generalFederico Gutierrez submits 501 corruption allegations implicating the Daniel Quintero administration to prosecutors and inspector general’s office.Ecopetrol is facing a corporate governance crisis.Petro has said he wants to end fossil fuels. Does he want to end Ecopetrol?
Need to hire bilingual talent? Try EmpleoBilingüe! https://empleobilingue.com/
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Covered in this podcast of Colombia Business News Recap with Loren Moss https://lorenmoss.com/ brought to you by Finance Colombia https://www.financecolombia.com/
Colombia’s President Gustavo Petro’s Struggle to Name An Attorney General.Petro’s improvisational governance causing wide ranging problems for Colombia. · Medellín’s Mayoral Runner Up & Quintero relative kicked out of city council.Medellín Mayor “Fico’s” first embarrassment, culture secretary already ousted.Public skepticism for Petro’s “Total Peace” initiative shrinks amid increasing violence. https://www.financecolombia.com/hope-is-fading-for-petros-total-peace-after-diaz-kidnapping-and-suspension-of-emc-negotiations/Homicides & suspicious deaths involving tourists reaches alarming levels. https://www.financecolombia.com/us-embassy-warns-of-rise-in-violent-crime-in-medellin-via-online-dating-applications/Losing the Panam Games is a major embarrassment for Petro Administration & loss for the entire country. https://www.financecolombia.com/colombia-working-to-restore-barranquilla-as-panam-games-host-city-after-rights-were-stripped-for-breach-of-contract/Claudia Lopez’s legacy as mayor of Bogotá. https://www.financecolombia.com/bogota-mayor-issues-ultimatum-to-colombian-consortium-building-metro-on-design-delays/Petro loses latest round in battle over Bogotá Metro. https://www.financecolombia.com/bogota-metro-faces-more-controversy-as-project-infighting-again-spills-into-the-public-sphere/The economy is stalling, reaching only 0.6% growth. https://www.nasdaq.com/articles/colombias-economy-grew-modestly-in-2023-as-rate-cut-calls-growJetSmart launches domestic operations in Colombia. https://www.financecolombia.com/jetsmart-to-start-offering-domestic-routes-within-colombia-on-march-14/Avianca changes unaccompanied minor policy. https://www.financecolombia.com/avianca-ends-unaccompanied-minor-service-for-travelers-under-14-years-old/Foreign Minister Alvaro Leyva ousted by prosecutors, replaced by Luis Gilberto Murillo. https://www.financecolombia.com/colombian-foreign-affairs-minister-suspended-for-improper-handling-of-passport-printing-bid-process/Piedad Córdoba dies, leaving a mixed and controversial legacy. https://www.financecolombia.com/ruminating-on-the-right-and-left-of-colombian-politics-following-the-death-of-piedad-cordoba/Collective Mining (TSX.V CNL) increases drilling in Caldas. https://www.financecolombia.com/collective-mining-encounters-strong-porphyry-mineralization-mobilizes-second-rig/Don't forget! Come meet the team and me at the March 7 AI/ChatGPT Happy Hour at the Marquee Hotel in Medellín. https://www.financecolombia.com/finance-colombia-readers-are-invited-chatgpt-genai-happy-hour-event-march-7-on-medellin/
Disclosure: As I mentioned, I am long on Collective because I am impressed with the operation. Collective is not a sponsor of Finance Colombia or this podcast.
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Colombia Business News Recap: November Post Election Analysis, Rising Insecurity in Colombia
Electoral recap and analysis: https://www.financecolombia.com/what-jumps-out-musings-about-colombias-local-elections-and-context-regarding-the-rebuke-of-president-petro/Hope Is Fading for Petro’s Total Peace After Díaz Kidnapping and Suspension of EMC Negotiations: https://www.financecolombia.com/hope-is-fading-for-petros-total-peace-after-diaz-kidnapping-and-suspension-of-emc-negotiations/The following citations are in Spanish…
Daniel Quintero’’s ticket humiliated in Medellin: https://www.elcolombiano.com/medellin/elecciones-2023-candidatos-de-daniel-quintero-resultados-votaciones-HB23006706
Expat deaths up 28% in Medellín so far this year: https://www.elcolombiano.com/medellin/incremento-de-muerte-de-extranjeros-en-medellin-AH23065401Seven of Quintero’s staff facing corruption charges: https://www.elcolombiano.com/medellin/quienes-son-los-exfuncionarios-de-daniel-quintero-imputados-por-corrupcion-fiscalia-BI23096061Petro’s faltering “Total Peace” initiative: https://www.eltiempo.com/justicia/investigacion/procuradora-margarita-cabello-expresa-su-preocupacion-por-la-paz-total-y-por-el-eln-825473Claudia Lopez tells President Petro to stop meddling in Metro project: https://www.eltiempo.com/bogota/bogota-nueva-pulla-de-claudia-lopez-a-gustavo-petro-por-metro-y-subsidios-824172Kidnappings up 88% in Antioquia: https://www.elcolombiano.com/antioquia/aumento-del-secuestro-en-antioquia-este-ano-OG23079766Special discount for listeners, viewers and readers to attend the Bonds, Loans & ESG Capital Markets – Latin America & Caribbean event from November 27-28 in Miami at the Ritz-Carlton Key Biscayne. https://www.financecolombia.com/finance-colombia-is-a-supporting-partner-for-the-largest-corporate-and-investment-banking-event-in-latin-america-and-the-caribbean/
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It’s election season, so lots of political news: No surprise there.
· Daniel Quintero abruptly resigns amidst multiple scandals
· Tecnoglass moves HQ to Miami
· Nasty double assassination in Medellín: Is it political?
· Bribery charges against Alvaro Uribe are revived.
· NY Mayor Eric Adams visits Colombian border with Panamá.
· 6 Colombian assassins assassinated in Ecuador
· Ikea opens in Bogotá with plans for Medellín & Cali
Remember, subscribe to Finance Colombia for free! https://fcsubscribe.com
About your host: https://lorenmoss.com/
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Like Colombia’s own “Hunter Biden” saga, President Gustavo Petro’s son Nicolás has been arrested after his scorned ex-wife accused him of taking over $100,000 USD from a narcotrafficker for his father’s political campaign—and then spending the cash on himself! Justice served…or political witch-hunt?
Also in this week’s Colombia Business News Recap:
Is Mayor Quintero to blame for this year’s lame Feria de las Flores in Medellín?Irene Vélez on her way out as Minister of Energy & Mines after allegedly using her influence to circumvent migration laws for her son.President Petro appoints paramilitary mafia don as “peace emissary”Colombian highways 5th most dangerous in the world.F-AIR international airshow returns to Medellín after pandemic pause.Colombia’s women’s soccer team upsets Germany 2-1Kudos to Vostock Capital for the 5th Oil & Gas Congress in Bogotá
Notes:
Hoosegow, American slang, comes from Spanish “Juzgado” meaning “having been judged.”Nicolás Petro was unfaithful to Day Vásquez with her friend, the actress Laura Ojeda. Petro and Ojeda are now expecting a son together.Day was apparently involved with Juan Manuel Cortés, congressman from Santander.Yes, the word is “forgiven,” not “forgived!” Not worth doing the whole thing over…FORGIVE me!
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Colombian Air Force Crash, Petro scandal takes weird turn, Uribe acolyte charged with corruption...
It’s been a quiet week in Lake Guatavita as vacation season arrives in Colombia. Laborers receive an extra paycheck mandated by law, and June sees three national holidays during the month, plus one at the beginning of July. Congress is out of session, and many are on vacation. ·
Colombian Air Force training crash leaves one dead, Lieutenant Colonel Mario Andrés Espinosa Gonzales. An investigation is underway.After being cashiered by President Petro, his former campaign manager and Ambassador to Venezuela Armando Benedetti returns to his post, despite the ongoing scandal involving him and former Chief of Staff Laura Sanabria. For background, see this article: https://www.financecolombia.com/fast-moving-colombian-scandal-may-threaten-the-presidency-of-gustavo-petro/Colombian prosecutors are charging former campaign aspirant and Alvaro Uribe acolyte Ivan Zuluaga and his son with receiving over $1.6 million USD in illegal campaign money from Odebrecht. The Brazilian Lava Hato scandal continues to ensnare culprits throughout The Americas even years after it launched. For more details see this article: https://www.financecolombia.com/oscar-zuluaga-charged-with-fraud-in-campaign-finance-fallout-from-odebrecht-scandal/ and for background on when the Odebrecht scandal reached the campaign of former President Juan Manuel Santos who defeated Zuluaga, see https://www.financecolombia.com/colombian-president-santos-apologizes-for-odebrecht-campaign-fund/To subscribe free to Finance Colombia visit https://fcsubscribe.com or simply go to https://www.financecolombia.com/
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This week at Colombia Business News Recap, host Loren Moss takes a deep dig into Colombia’s precious metals mining sector with Paul Harris, the organizer of the Andes region’s most important mining sector events, now expanding to México as well.
The two discuss recent trouble at Zijin Continental Gold’s Buriticá mine and the Petro Administration’s response (or lack thereof). Some positive developments at Collective Mining’s new project near Supía, Caldas, the potential for copper and rare earth metals mining in the country, including Auxico’s new processing facility in Colombia.
The two also discuss other Colombia developments, including Aris Mining’s Marmato project, AngloGold’s copper project, Outcrop Silver & Gold, the political situation at Colombia’s Ministry of Mines & Energy, and a few more developments.
See you at Colombia Gold Summit this November 7-8 in Medellín!
Finance Colombia: https://www.financecolombia.com/Finance Colombia free subscriptions https://fcsubscribe.comCGS Events: Colombia, México, Ecuador, newsletter https://cgsorg.com/Colombia’s Ministry of Mines & Energy https://www.minenergia.gov.co/en/Zijin Continental Gold https://www.continentalgold.com/en/Collective Mining LTD (TSX-V: CNL |OTCQX: CNLMF) https://www.collectivemining.com/Auxico Resources (CSE: AUAG | OTCQB: AUXIF) https://www.auxicoresources.com/Outcrop Silver & Gold (TSX.V: OCG | OTCQX: OCGSF | DB: MRG1) https://outcropsilverandgold.com/
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In this week’s episode:
Gustavo Petro calls for an end to free markets and laments the fall of the Berlin Wall – original video of his speech here. Berlin government information on the Berlin Wall and its victims here. Marta Lucia Ramirez implicated in unfolding Italian bribes scandal, while her husband’s firm is involved in a legally imperiled construction project in San Andrés, Colombia. Original article where she went after an investigative journalist for exposing her family ties to accused paramilitary drug trafficker Memo Fantasma can be read here. Guerillas make fools of the Colombian government, building roads and acting as the de-facto government, even building roads and operating openly in Tibú, Colombia with no formal government presence or opposition.Update on the evolving scandal involving Petro’s former chief of staff and ambassador to VenezuelaRumors of a possible resurrection of Ultra Air Thanks to our sponsors:
Tecnoglass & ES Windows https://www.tecnoglass.com/
Lord Tailors & Custom Clothiers, Medellin (Whatsapp) +57 300 519-0302
Lord Tailors promo music: Winter Winds by Dee Yan-Key
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The rapid growth of Barranquilla-based Tecnoglass (NYSE: TGLS) makes the company seem like a high-growth startup, but the Colombian-origin aluminum and glass manufacturer just celebrated its 40th birthday. In Colombia, the company is well known as a socially conscious national champion, but even though over 90% of its products are exported to the United States, the company still has only around 1% of total market share.
With its hurricane resistant and energy efficient high-technology glass products, Tecnoglass and its subsidiary ES Windows dominates the South Florida market but is just now starting to expand in earnest throughout the rest of the United States. Finance Colombia executive editor Loren Moss sat down with Tecnoglass Chief Operating Officer and co-founder (along with his brother José Manuel) Christian Daes to talk about how the company’s solid foundations underpin its high-growth outlook and recent activity.
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In this edition:
Colombia rejoices as four children ages 1-13 years old found alive 39 days after plane crashes into deep jungle.President Gustavo Petro’s own Nannygate scandal involving his chief of staff turns deadly as a key witness, a police lieutenant colonel is found dead of an apparent suicide, and violent protests by Petro’s supporters leave another officer responding to riots in a coma.Chilean airline JetSmart is moving to fill the Low-Cost Carrier void in Colombia boosted by a new alliance with American Airlines.Ecopetrol wins a $1 Billion USD arbitration award against CB&I, vindicating it in the Reficar scandal, but collection of the award is unlikely.EmpleoBilingue is now connecting bilingual talent with the employers that need it!
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In this edition: · Hidroituango is finally generating (a little bit of) electricity, but only one bidder showed up for Daniel Quintero’s public tender to finish the project. · Peru has lodged a formal protest against Colombia’s President Petro, accusing him of meddling in their affairs. · President Petro has announced plans to purchase 16 new combat jets—after running on a platform opposing new fighters. · Colombia has established its new minimum wage for 2023, a double-digit increase. · A win for Colombian agriculture as mango exports to the United States begins. · A loss for Colombian agriculture as WTO smacks down potato tariffs in favor of EU in trade dispute. · The explosion in Bogotá’s El Dorado International Airport · After running anti-beef campaign, Medellín Mayor Daniel Quintero promises to give away hundreds of free pigs Do your homework! Read these articles: · Hidroituango Hydroelectric Dam Is Finally Producing Electricity https://www.financecolombia.com/hidroituango-hydroelectric-dam-is-finally-producing-electricity/ · “There has always been a suspicion of a possible hiring of a Chinese company for the completion of the work” https://www.financecolombia.com/epms-hidroituango-mediation-talks-with-contractors-collapse-warring-lawsuits-filed/ · Government Sets 2023 Minimum Wage For Colombia https://www.financecolombia.com/government-sets-2023-minimum-wage-for-colombia/ · Peru’s Government Issues Formal Protest, Calls Gustavo Petro’s Statements “Unacceptable” https://www.financecolombia.com/perus-government-issues-formal-protest-calls-gustavo-petros-statements-unacceptable/ · Colombia Begins Exporting Mangos To The United States https://www.financecolombia.com/colombia-begins-exporting-mangos-to-the-united-states/ · Colombia Soundly Defeated At WTO Arbitration Panel In Potato Trade Dispute With EU https://www.financecolombia.com/colombia-soundly-defeated-at-wto-arbitration-panel-in-potato-trade-dispute-with-eu/ · Explosion At Bogotá’s El Dorado International Airport Leaves 3 Injured, Disrupts Flights https://www.financecolombia.com/explosion-at-bogotas-el-dorado-international-airport-leaves-3-injured-disrupts-flights/ · Colombia’s Cattle Rancher’s Federation Has A Big Beef With Medellín Mayor Daniel Quintero https://www.financecolombia.com/colombias-cattle-ranchers-federation-has-a-big-beef-with-medellin-mayor-daniel-quintero/ · Daniel Quintero, wants to give out 361 pigs to, according to him, 200,000 children and adults in Medellín https://www.financecolombia.com/after-running-an…e-away-free-pigs/
Support our Sponsors:
Viva Air & the Viva Air Foundation https://www.vivaair.com/us/en Tecnoglass & ES Windows https://www.tecnoglass.com/ Lord Tailors & Custom Clothiers, Medellin (Whatsapp) +57 300 519-0302Finance Colombia: https://www.financecolombia.com Music included in promos: Winter Winds by Dee Yan-Key
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In this week's Colombia business news recap:
- Tecnoglass continues to break records
- EPM postpones the bid process to finish Hidroituango for the fifth time
- Mayor McMeat and the cattle ranchers
- Emerging new restaurants among Latin America's best
- Tax Reform has passed (That means big tax hikes!)
Events to attend:
CGS Medellín 2022 – November 8-9 https://colombiagold.co/
Miami Rum Renaissance - November 12-13 https://www.rumrenaissance.com/
Petro at 100 Days: Perspectives for International Investors – November 9 https://www.medellinglobal.org/events/cafe-conversatorio-con-colombia-risk-analysis/
Petroleum & Gas Forum - https://cumbrepetroleoygas.com/en/
Cleantec Show and TecnoEdificios – November 22-23 https://www.tecnoedificios.com/en/ https://www.cleantec.show/en/
Bonds & Loans Latin America & The Caribbean – November 29, 30 https://bondsloans.com/events/latinamerica Remember to register with code FC20 for a 20% discount!
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In this week’s Podcast:
Neighboring Brazil’s presidential election
A week of protests throughout Colombia
The falling Colombian Peso
Daily revolving chairmanship at Ecopetrol
Petro’s land redistribution deal with the ranchers
Daniel Quintero’s crisis at EPM and Hidroituango
Some can’t miss events during November!
See the full article here: https://wp.me/p5zFfx-6vh
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Formerly known as the Colombia Gold Summit, CGS Medellín is back bigger and better for 2022. - https://colombiagold.co/ - The symposium and trade show hosts precious metals mining executives, operators and investors active in Colombia and the greater Andean region involved in gold, silver and copper extraction. Organized by Paul Harris, also the publisher of CGS Research, CGS Medellín along with its newer sibling, CGS Quito have become the most important precious metals mining industry events in the Andes region.
Finance Colombia executive editor Loren Moss caught up with a busy Paul Harris for an update on preparations for this year’s event, slated for November 8-9 at the Medellín Hotel Intercontinental. Moss will be a speaker at this year’s event covering mining technology investment, and major sponsors include GlobeXplore Drilling & Analytics, OilRed/Chevron, ALS, and Cordoba Minerals. Women In Mining Colombia and the Viva Air Foundation are supporting the Women In Mining Initiative.
Subscribe to Finance Colombia for free at https://fcsubscribe.com/
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In this week's news recap, monkeypox is confirmed in Colombia, the Truth commission issues its final report, President-Elect Petro appoints a foreign minister from the conservative party, a gruesome prison fire leaves at least 52 dead, and the San Andres archipelago mostly escapes Tropical Storm bonnie.
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For the first time in modern history, Colombia will have a far left president. Former revolutionary guerilla Gustavo Petro won today's election against real estate developer Rodolfo Hernandez.
Petro says he wants to completely remake Colombia's economy. What does this mean for the economic sector? For international relations? For Colombia's poor? For Colombia's rich? Will Petro be remembered as a José Mujica or a Hugo Chavez? Is he a social reformer or communist bogeyman?
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