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"Proyectos Inmobilarios" platform will begin with 200 real estate projects and expand to include many more.

The company plans to use the incoming capital to scale up its tech platform, embrace machine learning, and expand in Latin America.

The news comes fresh off the heels of EasyFly acquiring two new French ATR 42-600 aircraft, each at a cost of around $18 million USD.

"We are very pleased with the arrival in Mexico, a new milestone in the history of Ecopetrol," said company president Felipe Bayón Pardo.

The pilots union said that "the Colombian state is on the side of the company that violates labor rights and not the rights of workers.”

While the ceasefire is temporary, through January 9, President Santos hopes it can be renewed and become "the first step to achieve peace" with the ELN.

Overall, the bank estimates this shortfall equates to an overall net income loss of $1.5 million USD per day.

The bank left the door open for a future rate cut, saying that the interest rate is now "close to its neutral level, although there is uncertainty about that level."

Bancolombia's digital transactions have increased 26% so far in 2017 compared to the same period of time in 2016.

Ecopetrol said that it “rejects these illegal actions” that endanger people, damage the environment, and harm neighboring communities.