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A good quarter for Herbalife global sales 

Herbalife Ltd. reported that its worldwide net sales in the second quarter of 2016 were of $ 1,200 million, which is a 3% more compared to the same period of 2015. Without excluding the currency impact, sales grew by 10%. Volume points increased by 9%, this is the level of sales...
Posted On 10 Aug 2016
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Justice Commission approves report on tax havens

  Suing Ecuadorean legal persons, that have their capital in offshore companies in tax havens, so this capital returns to be invested in the country, was one of the three recommendations the Justice Commission of the Assembly included last night after approving the report on...
Posted On 10 Aug 2016
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Businesses affected by the earthquake in Ecuador try to recover

  Traders from Manta try to raise their businesses again and some are waiting for the insurance companies to recognize the losses they suffered after the earthquake of April 16. Lourdes Delgado is one of those entrepreneurs. Her business Ludepa, a hardware store, suffered...
Posted On 10 Aug 2016
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The Ecuadorean government collected $ 638 million less than expected

  Tax revenues in the first half of this year were $ 638.96 million less than what was expected, according to the publication of the Internal Revenue Service (IRS). The official goal was to raise $ 7,190.96 million from January to June this year. The amount obtained was $...
Posted On 10 Aug 2016
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Prosecutor´s office notifies Noriega on the process by death of guerilla fighter of Alfaro Vive

  The Attorney General´s office notified “Manuel Antonio Noriega, former dictator of Panama (1968-1989)” on the criminal proceeding against him in relation to the death of Fausto Arturo Jarrin in 1986, leader of the extinct subversive group Alfaro Vive Carajo (AVC)...
Posted On 10 Aug 2016
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The Ecuadorean banking system has not yet recovered

  The determination with which banks offered 10,000 million dollars a month ago to rescue the national economy in the shape of loans made financial institutions dress of a solvency that is not yet supported by figures. It is true that the last two months there has been an...
Posted On 10 Aug 2016
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Prosecutor´s office will bring charges against the former manager of Petroecaudor once again

  Alex Bravo, former manager of Petroecuador, shall be subjected again today to an indictment hearing, which will be held in the Criminal Justice Unit of Pichincha, at 11:00. Judge Ana Lucia Cevallos, in charge of the case, will know the new accusation, which was requested...
Posted On 10 Aug 2016
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Judge of the Constitutional Court gets married in Carondelet

  Judge of the Constitutional Court (CC) Tatiana Ordeñana contracted civil marriage in the Palace of Government, with the approval of President Rafael Correa, said the newly wed when she was entering the Carondelet palace. According to Daily La Hora, Ordeñana, former...
Posted On 10 Aug 2016
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25 civil servants involved in the ‘Panama Papers’

  The Justice Commission has already completed the draft report on the linking of government officials with the so-called ‘Panama Papers.’ What is surprising about this document, which was expected to be approved yesterday afternoon, is the number of the...
Posted On 10 Aug 2016
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Ecuador asked the IMF to delay its report

  Ecuador has requested more time to the International Monetary Fund before it makes public its annual report on economic performance and which includes an adjustment prescription. Ecuadorian authorities have asked an extension to the multilateral agency to decide on whether...
Posted On 10 Aug 2016
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