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Noboa took Presidency by converting previous Correísta voters

Noboa took Presidency by converting previous Correísta voters

by | October 17, 2023 |

Between August and October, Daniel Noboa made significant political gains, capturing 39 cantons from Correísmo. This strategic shift was observed in the second round of elections, where Noboa not only retained his own victories but also secured 28 cantons previously won by other candidates. In this crucial second round, Daniel Noboa emerged victorious in 16 […]
The IMF’s Caution Against Tapping into International Reserves in Ecuador’s Dollarized Economy

The IMF’s Caution Against Tapping into International Reserves in Ecuador’s Dollarized Economy

by | October 17, 2023 |

Having just elected a new President, Ecuador is now faced with the challenge of determining if it can tap into its international reserves to fulfill his campaign commitments. In a recent address on October 13th, Rodrigo Valdés, the director for the Western Hemisphere at the International Monetary Fund (IMF), emphasized the inadvisability of utilizing international […]
Drug gang alliances in Ecuador tap into Mexican cartels and European mafia

Drug gang alliances in Ecuador tap into Mexican cartels and European mafia

by | October 17, 2023 |

The alliance between Tiguerones, Lobos, Mexican cartels, and the Albanian mafia has led to widespread insecurity in Ecuador. In recent years, Ecuador’s criminal landscape has witnessed a surge in influence orchestrated by the unholy union between local gangs, Mexican cartels, and the Albanian mafia. This confluence of criminal entities has propelled Ecuador into the throes […]
Prosecutor’s office says the investigation ‘for the intellectual authors’ of Villavicencio assassination continues with US help

Prosecutor’s office says the investigation ‘for the intellectual authors’ of Villavicencio assassination continues with US help

by | October 17, 2023 |

Former presidential candidate Fernando Villavicencio was assassinated hitman style on August 9th, after finishing a political rally in Quito. The assassination of the former presidential candidate Fernando Villavicencio on August 9th, executed in a hitman-style manner after concluding a political rally in Quito, prompted a joint investigation between the State Attorney General’s Office and the […]
A quick thought on victory

A quick thought on victory

by | October 17, 2023 |

I am jotting down my thoughts from Denver, Colorado, basking in the glorious autumn breeze while savoring a cup of coffee on my buddy’s backyard deck. Daniel Noboa’s triumph yesterday in Ecuador’s Presidential race yesterday, is bringing me immense joy this morning. My stance on the Correístas is no secret, so my elation over Noboa’s […]
Ecuador’s auto industry experiences slow-down in 2023 sales

Ecuador’s auto industry experiences slow-down in 2023 sales

by | October 17, 2023 |

In the third quarter of 2023, Ecuador’s new car sales experienced a significant decline for the third consecutive month. Political uncertainty, heightened insecurity, and escalating insurance costs have collectively impacted the automotive market. According to the Chamber of the Automotive Industry (Cinae), in September 2023, only 10,725 vehicles were sold in Ecuador, marking a stark […]

Coral parent Grupo Ortiz to invest $40 million in a new Cuenca mall

Published on October 17, 2023

Facebook Twitter Google+ LinkedIn The construction of Mall del Alto is anticipated to commence in the initial quarter of 2024, shortly following the November unveiling of the Mall del Río expansion. Grupo Ortiz, a prominent player in the retail sector, is set to embark on a significant venture in Cuenca. The company has earmarked a […]

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