Cesar Robalino spoke about the possible increase in the banking reserve

  The former executive president of the Association of Private Banks of Ecuador, Cesar Robalino, said in an interview with Ecuavisa that “The National Government can not have the audacity to take money from the bank reserve. Be careful, Mr. President! With all due respect...
Posted On 09 Dec 2016
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Alvaro Noboa’s company announced debt payment to avoid auctioning

  Representatives of the banana industry La Clementina, one of Noboa Corporation´s companies, announced on Thursday, December 8, 2016, payment of the debt the firm maintains with 1,853 former workers of La Clementina banana plantation. The Ministry of Labor estimated that the...
Posted On 09 Dec 2016
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Quito citizens protested against Capital Gains bill

Hundreds of Quito citizens gathered at Los Shyris Avenue to protest against the bill that increases the tax on Capital Gains, promoted by President Rafael Correa. With black flags and banners they arrived around 17:30. They also took the whole street, as the public force tried to...
Posted On 09 Dec 2016
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The Noboa Group pays pending values for unfair dismissal of former farm workers

On May 21, 2013, the Internal Revenue Service (IRS) seized the Clementina Banana Estate in the province of Los Rios for a tax debt of 100 million dollars. This action led to the dismissal of 1,800 employees of the Noboa Group who were working in the Hacienda, creating a committee...
Posted On 09 Dec 2016
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La Clementina pays the debt and avoids the embargo of the cardboard company

To prevent contagion from one company to another, the Agrícola Bananera Clementina company yesterday paid the $ 3.9 million required by the Labor Inspectorate of Babahoyo, and thus the embargo process against the Ecuadorian Carton Industry was prevented, which, as reported...
Posted On 09 Dec 2016
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