off

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
, By
off

El Telégrafo newspaper would present a better year, after losses

“The company is in the process of transformation to a public enterprise,” is stated in the website of El Telégrafo newspaper. To transform the company into a public one, a consultant was hired for advice, for which $ 32,000 were paid, which is showed in the 2013...
Posted On 08 Sep 2014
, By
off

$ 42 fee for 4×4 shipments is suspended until October

The start of the collection of the $ 42 fee for imports under the 4×4 system will not be since tomorrow. A new resolution of the Committee of Foreign Trade (Comex for its Spanish acronym) suspended until October 8 the rate of $ 42 for the shippings. President Rafael Correa...
Posted On 07 Sep 2014
, By
off

Banks shall be sanctioned for clients discrimination

Four penalties may face the banking establishments of the private financial system that denies credits to persons who fulfill all the requirements. The most serious is the closure of the institution. This case is applicable, according to the authorities of the Superintendence of...
Posted On 05 Sep 2014
, By
off

SRI studies feasibility of junk food tax

The Internal Revenue Service (SRI for its Spanish acronym) said that the implementation of the Special Consumption Tax (ICE for its Spanish acronym) to junk food is not yet defined. According to the organization, the decision depends on the outcome of the analysis conducted by...
Posted On 05 Sep 2014
, By
off

Petroecuador posts a bid in the open market to import processed fuels

Petroecuador posted a bid to buy 3.12 million barrels of premium diesel. These would be received from 1 to 3 October. The firm will receive proposals until September 15. The state company ordered 13 shipments (with 240,000 barrels each) of premium diesel with a maximum of 50...
Posted On 04 Sep 2014
, By
off

Insurers members discussed their implications in the Penal and Monetary Code

Members of different insurers of Ecuador came together at the Sheraton Hotel in Guayaquil this July 4th for the ‘Insurance First Colloquium, organized by’ Cóndor Insurance S.A ‘. At the conference was discussed the activities of this sector and its implications...
Posted On 04 Sep 2014
, By
off

Senae investigates people who sell contraband goods online

Smuggling through social networking is a new way to evade customs controls, as reported by the authorities of the National Customs Service (Senae for its Spanish acronym). One person was arrested while trying to enter as baggage, goods that had been sold through a website. The...
Posted On 04 Sep 2014
, By
off

Payments of ​​Banco Sudamericano will begin from Monday

Pedro Solines, Superintendent of Banks and Insurance, said that from Monday, September 8th, the former clients of Banco Sudamericano will begin to receive their deposits. Solines explained that the Deposit Insurance Corporation (Cosede for its Spanish acronym), in coordination...
Posted On 04 Sep 2014
, By
off

General Comptroller will conduct a new audit to Editogran

The General Comptroller will held a second audit to El Telégrafo newspaper (whose corporate name is Editogran), which will cover the period from 2010 to 2014. A preliminary report indicates that Editogran budgets for 2011 and 2012 showed deficits of $ 5.7 million and $ 6.5...
Posted On 03 Sep 2014
, By