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The Minister of Housing, City and Territory, Catalina Velasco, announced the adjustments that will be made to the subsidy program My House Already (MCY)an initiative that has been in operation since 2015 and that this government will maintain. (Home sales in the country plummeted 50% during January). According to the official, the changes will allow aid to reach all municipalities, benefiting those who need it most and seeking a more efficient predestination."The adjustments that were made to MCY respond to a diagnosis developed for the program, to the conclusions of the binding regional dialogues and to the joint work between…

The National Government, through the Ministry of Housingannounced adjustments in the subsidy program My House Alreadythat will prioritize support for the most vulnerable households in the country. (These are the changes that the Mi Casa Ya subsidy program will have). For this, the aid will be determined, from now on, by Sisbén categories and not by wages earned.Below is the alphabet of these changes and the most frequently asked questions about the program: Which are the requirements? The program is aimed at Colombians interested in acquiring a new home, who have not been beneficiaries of another housing subsidy and who…

A total of 11.77 trillion pesos were consigned by the Colombian governments until February 14, corresponding to the layoffs of some 20 million workers affiliated to the private funds (AFP) and the National Savings Fund (FNA), As reported this Wednesday by the Financial Superintendence, after indicating that said collection was 17.1 percent above that registered last year.(Also read: Porvenir achieves a record in collection of severance pay with about 4.6 trillion pesos) 77.2 of the payments (close to 9.1 trillion pesos) were made through private administrators and the remaining 22.8 percent (2.68 trillion) through the National Savings Fund.According to the…

Within the framework of the forum on the tax reform, which is in force and analyzed its effects in the macroeconomic context, Jaime Alberto Cabal, president of the National Federation of Merchants (Fenalco), said that sIf a labor reform is approved as has been announced, the costs of hiring in Colombia will end up between 40 and 50 percent depending on the sector. “This is the biggest alert we can do. If the labor reform prospers in Colombia as announced, this country will be another in terms of consumption, growth and employment. At this moment, if we take the costs…