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Dissenting central bank members "held that it would be prudent to keep the benchmark rates stable."

The potential penalty for each airline could exceed $570,000 USD.

Bancolombia believes that "Colombia is bottoming out" and 2017 will bring a "more favorable macroeconomic environment."

The mining firm has decided that commercial production at its remaining sites is not viable.

"No technical factor was part of the accident, everything involved human error," said Colonel Freddy Bonilla of Aerocivil.

Finance Minister Mauricio Cardenas says the overhaul "is a difficult measure that will require a large sacrifice of all Colombians — but it is necessary."

Exports from free-trade zones from January through October in 2016 were 52.9% higher than the same period in 2015.

400-milligram tablets will drop from $49.11 USD to $27.55 USD.

Some $11 million of these bribes were made in Colombia, where officials have responded by threatening to void tainted project awards.

The new deal is for five years and includes raises and increased benefits for members of Sintravifer an Sintraime.