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Payments to Banco Sudamericano former clients were less than expected

The Banco del Pacifico principal office in Guayaquil, did not record an unusual movement in the morning of Monday, September 8, during the first day of payments to former clients of the closed Banco Sudamericano, which went into liquidation on August 25. In this agency, the...
Posted On 09 Sep 2014
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Report notes that flight MH17 would have been shot down by “high-energy” impacts

The preliminary report from the Dutch Safety Board, released this Tuesday, has revealed that the downing of Malaysia Airlines flight MH17 was probably due to the impact of several “objects of great power from outside the ship” that destroyed the plane. The agency...
Posted On 09 Sep 2014
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Exporters expect the reduction of tariffs in the port announced by Correa

The export sector is waiting for the renegotiation of the concession of the Port of Guayaquil, Contecon (concessionaire), which was announced by President Rafael Correa on Saturday. With this, the reduction of tariffs and infrastructure improvements will be negotiated. Daniel...
Posted On 09 Sep 2014
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Ecuador proposes the creation of an international observatory of multinationals

Following the legal battles with the U.S. oil company Chevron, Ecuador’s government announced last Monday that it will propose the creation of a multistate observatory of transnational companies. Ecuadorian Foreign Minister Ricardo Patino said the announcement will be made...
Posted On 09 Sep 2014
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Official Register received the Monetary Code for publication

The Monetary and Financial Code was sent yesterday to the Official Register by the National Assembly, in order to be published and becomes a law of the Republic. The Code, approved by the Assembly on July 24 by a government majority, has 520 items, it contains the creation of the...
Posted On 09 Sep 2014
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CC will analyze suits against Communications Law

The plenary of the Constitutional Court (CC) will continue today, September 9, with the analysis of the claims of unconstitutionality against the Organic Communications Law (LOC for its Spanish acronym). The process has taken more than a year and possibly this week it has a...
Posted On 09 Sep 2014
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Jairala meets with Carrasco to discuss border issues

Prefects Jimmy Jairala, from Guayas, and Paul Carrasco, from Azuay, meet today in the prefecture of Guayas in Guayaquil, to discuss the border dispute between the two provinces. “It’s a meeting that will undoubtedly serve to chart a course, and see if we get to the...
Posted On 09 Sep 2014
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Esmeraldas refinery will be paralyzed since October

The Esmeraldas refinery will be paralyzed from October 1 to take on its stage of rehabilitation, which has been steadily decreasing its processing capacity. Since 2008 Petroecuador has worked to repower the plant by signing a contract with the SK Korea firm. The Refining Manager...
Posted On 09 Sep 2014
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George Clooney will marry Amal Alamuddin this month in Venice

During a ceremony in Florence (Italy), where the Hollywood actor George Clooney (53) was awarded for his humanitarian work, he said: “I met my beautiful future wife here in Italy, with whom I will marry in a couple of weeks in Venice “. Stan Rosenfield, the artist...
Posted On 09 Sep 2014
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Report on pension funds is approved for second debate

With eight votes in favor and two against, the Committee on the Rights of Workers yesterday approved the report for the second debate of the Reform Act, that seeks to transfer 54 pension funds to the management of the Bank of the Ecuadorian Institute of Social Security (Biess for...
Posted On 09 Sep 2014
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