Category

The transfers of shares of the Pacific National Bank (PNB), a subsidiary of Banco del Pacífico in Miami, from the Central Bank of Ecuador to the National Finance Corporation (CFN for its Spanish acronym), which were ordered by the candidate-president Rafael Correa by executive...

Today restarts the selling of crab in Ecuador, one of the most consumed products mainly on the coast of our country. In this ban period, which began on January 15, was forbidden the capture, transport, processing, marketing and consumption of the red and blue crustacean. However,...

Such controls of money laundering has been one of the biggest failures of the Pacific National Bank (PNB), principal subsidiary of Banco del Pacífico in Miami, so far. The problems facing before the U.S. regulatory authority began in 2005, worsened in 2009 and reached its peak in...

Each year, Manta, one of the main ports of Ecuador, located in the province of Manabí, attracts thousands of national and international tourists who travel by private cars, buses, by air and even on cruises. The arrival of these aquatic resorts to this port represents an average...

Since 2002 the first three branches of Chinese companies, ZTE Corporation, Huawei and Sinopec were recorded in Ecuador. But after a decade, the number of these subsidiaries is now close to reaching 60 and most of them have million dollar contracts with state-owned companies, in...

It is considered the perfect day to demonstrate openly, love and friendship; the best time to propose or get married. February 14, known as Valentine’s Day, arrived all over the world and this is how it celebrates this date. This commemoration has already become a...

The Permanent Court of Arbitration in The Hague said that Ecuador has violated provisional failures and consequently has failed international law “by not preventing the execution of a judgment” against Chevron, which requires it to pay 19 billion dollars. An...

The Director of SRI, Carlos Marx Carrasco presented yesterday to the press the top 100 business groups that have tax debts, highlighting the 10 biggest debts. Among those are the ones of Andes Petroleum, Exportadora Bananera Noboa, Banco del Pichincha, Corporacion Rosado,...

According to the report released yesterday by the National Institute of Statistics and Census (INEC for its Spanish acronym), inflation in January this year (0.50%) represents a strong acceleration compared to the negative inflation of last December (-0.19%). While inflation in...

After assemblyman Enrique Herreria requested once again the Central Bank of Ecuador (BCE for its Spanish acronym) for the full information on the balances of the entity, the legislator warned he wont hesitate on presenting an impeachment against Banking Superintendent Pedro...