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Exito plans to monetize its Big Data assets through a program called Puntos Colombia, which has been developed with Bancolombia and will launch in early 2018.

“The pilot strike will have an adverse effect on our fourth quarter results,” said Hernán Rincón, CEO of Avianca Holdings.

Fitch says the rating reflects the firm's good market position in windows, low cost base, and long-term expected growth rate.

“We have to wait for the results of the tax reform," analyst Richard Francis told Finance Colombia in New York.

The mayor is seeking to raise up to $1.4 billion USD for new infrastructure, especially highways and a regional train.

Mayor Enrique Penãlosa wants to raise some $1.35 billion USD for transportation projects, but he is facing strong opposition from labor and the Social Party of National Unity.