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Coordinator Minister of Economic Policy Patricio Rivera, said Thursday that so far USD 740 million have been paid to the Oxy oil company, of the approximately USD 1 000 million that are owed. The rest of the obligation will be canceled in the next two months, the official said....

From May 1 new tax thresholds for travelers carrying foreign currency abroad are in force. According to the Law for Public Finance Balance, passengers carrying cash up to $ 1,098 per trip are exempt from paying the ISD (tax on Remittances). A 5% surplus of this value shall be...

Venezuelan political police killed Friday Ecuadorean citizen Jamilton Andres Ulloa Suarez, alias El Topo, identified as a gang leader who massacred 17 miners in a remote gold zone two months ago, the Interior Minister reported. “At approximately 10 am in the Sifontes...

Passenger traffic´s annual rate of Latam Airlines, the largest airline group in Latin America, rose by 2.0 percent in April, based on its operations in Latin America, which contrasted with the sharp decline in its business in Brazil. Latam, that includes Chilean company LAN and...

Benzodiazepine, a substance used in psychiatric drugs and whic has affects on the central nervous system, was found in the bodies of the two Argentinean young women -Marina Menegazzo and Maria Jose Coni- killed in Montañita in February. This was revealed by a toxicology analysis...

A matter of faith. The figure of trusts stagnates in the form of a debate on clear aims: the reconstruction of the areas affected by the earthquake of April 16. Initially proposed by CREO and retrospectively endorsed by the rest of the opposition, the tool of the trust, under...

The Central Bank of Ecuador (BCE for its Spanish acronym) said Friday it has implemented a new service to send remittances from abroad. The service allows migrants from Spain, Belgium and Italy, send money through the TransferTo company, specializing in international electronic...

Assemblyman of PAIS Fausto Cayambe, denounced Friday May 6, 2016 that in recent years, 280 people have transferred about 30,000 million dollars into tax havens, with the possibility of having also committed capital flight, tax evasion, financial triangulation or trading abuses....

A signed contract between two offshore companies domiciled in Panama and the Bahamas appears in the Panama Papers. The first is Girbra SA, established by former general manager of Petroecuador Alex Bravo Panchano, his wife and partner. The other is Arkdale Investments Limited,...