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SIP: The freedoms have been degraded with Rafael Correa

The Inter American Press Association (IAPA) decided to “denounce before the international public opinion” that in Ecuador “all guarantees of freedom of expression in all spaces and the media of the country have been lost.” Yesterday, the institution...
Posted On 12 Apr 2016
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The Ortega group established an offshore network with Mossack Fonseca

  The owners of the real state company Terrabienes -intervened by the State and whose executives have been accused of massive scam- established a conglomerate of companies and foundations with the Panamanian firm Mossack Fonseca (MF), according to information shared by the...
Posted On 12 Apr 2016
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The use of credit cards, among the incentive of the bill and the risk of over-indebtedness

  The draft Law on Public Finances, in addition of promoting the use of electronic money, is also committed to encourage the use of credit cards and debit cards. For this, a return of 1 point of the Value Added Tax (VAT) on purchases by credit card is offeref. the Remittance...
Posted On 12 Apr 2016
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The two scenarios of a counterclockwise agreement

  In an interview with Daily Expreso Jose Antonio Camposano, President of the National Chamber of Aquaculture, speaks of optimistic entrepreneurs who hope that this year the trade agreement with the European Union takes effect.   Camposano said that there is no time left...
Posted On 12 Apr 2016
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The DP World plan is surprising

  The Dubai group, in a letter sent on January 29 to Jorge Vera Armijos, manager of the Guayaquil port authority (APG), asks for conditions: a new access channel that shall be used by all shipping lines, higher tariffs than those of its competitors, growth limits for the...
Posted On 12 Apr 2016
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Ranchers would lose up to $ 200 per animal

  About $ 200 for every cow and $ 40 for every pork is what cattle ranchers would be losing because of the alleged smuggling entering through the northern and southern borders, according to the Coastal Cattlemen’s Association and Galapagos. Paul Olsen Pons, permanent...
Posted On 12 Apr 2016
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Attorney General admitted that a Panamanian company owns his home

  Attorney General Galo Chiriboga explained yesterday how he acquired a house located in the exclusive area of La Vina, in Cumbaya, northeast of Quito, in 1999, and why this property is in the name of the Panamanian offshore Madrigal Finance Corp., which is owned by him....
Posted On 12 Apr 2016
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Procedures of the new tax reform advance and its new report is getting ready

    The plenary of the Assembly processed yesterday during the first debate the bill for the Balance of Public Finances, the same that was sent by the government as a matter of urgency. Following a meeting with government and sectional officials as Finance Minister...
Posted On 12 Apr 2016
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The ISSFA limits credit delivery to its affiliates

The Institute of Social Security of the Armed Forces (The ISSFA) limited the loan granting to its almost 41,000 active members. On its website the institution published that “loans for the purchase of vehicles, sumptuary goods and mortgage loans,” are temorarily...
Posted On 12 Apr 2016
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Funding for the agricultural sector is stumbling

  During the last meeting of the Rural Dialogue group in Guayaquil, producers, industries and nonconventional financial institutions concluded that there are emblematic results that realize that channeling credit through certain “anchor” companies is suitable for...
Posted On 12 Apr 2016
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