Investments and Business

Colombia completed a record number for the eighth consecutive year in remittance income last year, which means that Colombians received a total of 9.427 million dollars from family and friends living abroad. On average, every day of 2022, about 26 million reached their pockets for this concept, according to figures collected by the Bank of the Republic.(Also read: How was the usury rate for February? Borrowing is becoming more expensive) The data represented an increase of 9.7 percent compared to 2021 when the figure amounted to 8,595 million dollars, and compared to a decade ago, it meant an increase of…

As of July 15, 2023, all workers will go to their workplace one hour less per week. Of the current 48, the working day will have 47 by law. This reduction obeys Law 2101 of 2021, which determines that the Colombian working day will gradually decrease until reaching 42 in 2026. In an interview with EL TIEMPO, Catalina Santos, a partner in the labor team of the firm Brigard Urrutia, answers the questions that both companies and employees have.(You can also read: Working hours: what is the economic impact of reducing it to 47 hours this year) When will the…

Despite the fact that the covid-19 pandemic ended the dream of some entrepreneurs to grow and expand, others whose plans were already underway had no alternative but to move forward and face this difficult circumstance.happened to Little Caesar's Pizza, a company founded in 1959, in Detroit (Michigan), with more than six decades of operations and presence in 28 countries. Their landing in the country coincided with that of the pandemic, and although this delayed the opening of their first points, turning back was not an option, according to what Jaime Press Eisenstein, their manager in Colombia, told EL TIEMPO.(You can…

Labor cost overruns due to night and Sunday surcharges are one of the main concerns that entrepreneurs in the country have regarding the project of labour reform that the Government is preparing and that it expects to file before Congress on March 16.And it is that one of the proposals that is being discussed between the Government, unions and employers is that the night shift do not go from 9:00 pm to 6:00 am but start from 6:00 pm, so working after that time would be considered as extra. In addition, it is sought that the surcharge for working on…