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Neither raids nor bank investigations in the Glas case

Ecuadornews:     The Prosecutor’s Office has 14 days left to investigate the Odebrecht case for the alleged illicit association to which Vice President Jorge Glas was linked on August 29. Judge Miguel Jurado extended the investigation against Ricardo Rivera (uncle...
Posted On 18 Sep 2017
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Lenin Moreno presents his plan “Toda Una Vida” before the UN

Ecuadornews:     Two topics will be favored in the speech of President Lenin Moreno at the UN Assembly: the Toda Una Vida plan and fiscal justice. The primary objective of the President will be to present and internationalize the Toda Una Vida project (A lifetime plan...
Posted On 18 Sep 2017
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Three fruits abound; bananas and lemons are scarce

Ecuadornews:     This season is ideal for consuming oranges, watermelons, and tangerines, because of the abundance of these fruits and their low prices. Meanwhile, it is not advisable to buy bananas or lemons; small production has raised their costs.  The climate has...
Posted On 18 Sep 2017
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Non-contract producers sell the banana box up to $ 3.40

Ecuadornews:     Bananas are the country’s first non-oil export product, and thousands of people make a living from it. Thus, the government has set a price for the box of bananas. The official price is $ 6.26. The aim is for producers to ensure profitability...
Posted On 18 Sep 2017
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Campana does not rule out IMF loan

Ecuadornews:     Ecuador hopes to improve its relationship with the International Monetary Fund (IMF) and is also willing to resolve a long dispute with the US oil company Chevron, Commerce Minister Pablo Campana told Reuters on Friday in New York. According to the...
Posted On 18 Sep 2017
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A ‘perfect storm’ hits the big carton industry

Ecuadornews:     Much of the paper mills in the United States, the largest containerboard exporter in the world, are on the East Coast, so delays caused by bad weather are constant. However, the paper industry today faces its most pessimistic projections. It all started...
Posted On 18 Sep 2017
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Yachay: the great infrastructure of $ 213 million

Ecuadornews:     The infrastructure and equipment required today to complete the Yachay university campus must be delivered before 2018. The investment reaches $ 213,728,738.61, the sum of the contracts that Yachay EP signed with the Ecuadorian-Korean company Conecuakor...
Posted On 18 Sep 2017
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“If banks do not migrate to the electronic system, they will be offside”

Ecuadornews:       When Efraín Vieira took over the executive presidency of Banco del Pacífico in mid-2013, he was surprised to learn that in that last year only 20 new ATMs were installed. Driven by the need to innovate and modernize banking and thanks to his...
Posted On 18 Sep 2017
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