Facebook Twitter Google+ LinkedIn Bank profits showed an improvement in the first half of 2021 compared to the results obtained in the first six months of the previous year. Thru last June, the country’s large banks made about $107 million in profits; medium banks, about $68 million and small ones lost $2.42 million. The net income […]
In the first half of the year, 10 banks record larger profits than in 2020
Published on July 12, 2021
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More from this issue
We’ve been having work done on our little guest house. And by little, I mean about 300 square feet. So, nothing to brag about. But I can say that it is finally a house. When we bought our property, the little house was even littler, about 200 square feet. And the walls were not really […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
New Deaths Rise Significantly, New Cases Fall, Government Fails To Release Hospitalizations Figures
The Ministry of Public Health reported 1,077 patients hospitalized for COVID-19 nationwide : 650 remain stable and 427 with a reserved prognosis. The Ministry has not updated the hospitalization figures in the last nine days. In a statement, he explained that they are restructuring the information system. Tracking the spread and outcome of the coronavirus in Ecuador: Updated […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Rice farmers block Guayas roads Monday morning
In a sign of the economic times and the frustration with commodity prices, rice farmers from different towns in Guayas protested Monday morning on various roads in the province. The farmers were demanding the attention of the national government to various requests such as fixing the price of the sack of rice ($35) and strengthening […]
Peruvian Prosecutor’s Office opens proceedings against Fujimori for interfering with voting process
The Peruvian Prosecutor’s Office has opened preliminary proceedings against the far-right presidential candidate Keiko Fujimori for a “crime against the right to vote in the form of disruption or impediment to the electoral process.” Fujimori has other open cases for corruption and irregular financing of her campaign. The investigation is based on the presentation of 760 […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Move to “Participation” oil contracts may be more difficult than government thinks
The new oil policy, proposed by the government of Guillermo Lasso, through decree 95, proposes a renegotiation and free and voluntary migration of the current Service contracts to Participation contracts and opens the debate on the legal channels and the possible interest that it could generate in some oil companies to accept the changes. According to the proposal, the new Participation contract (which […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Leonidas Iza, the new President of Conaie, says there is no plan for national protests
Leonidas Iza Salazar, the new president of the Confederation of Indigenous Nationalities of Ecuador (Conaie) stresses that his first mission is to promote the resolutions of the groups of the movement, especially, to seek dialogue with the President of the Republic, Guillermo Lasso, and that the executive decrees that allowed the release of fuel prices be repealed. He […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
Lasso Announces 50% Internet Discount for Seniors
President Guillermo Lasso signed a decree to reduce by 50% the value of the consumption of the basic Internet plan and mobile telephony for the elderly. The so-called ‘Senior Plan’ will benefit 1.3 million people over 65 years of age. Minister of Telecommunications Vianna Maino explained that from now on those seniors who access a mobile […]
Can a Miami-like building collapse happen in Guayaquil?
Following the tragedy that happened on June 24th in Miami, Florida when a high-rise condominium building collapsed, experts are saying that the use of low-quality materials, the lack of controls, structural problems or using the buildings for a purpose other than that established when designing them could cause a similar collapse of high rises anywhere […]
Antigen test no longer allowed for entry into Ecuador, passengers traveling thru or from Brazil or India must quarantine for 10 days
All travelers whose point of origin, stopover or transit is India or Brazil, must now present a negative result of a PCR test carried out 72 hours before embarking to Ecuador. And, even with a negative test result, they must go into isolation for ten (10) days and report if they have symptoms compatible with Covid-19. This is a […] To view this article you must have an active subscription. Already a member? Sign in. Subscribe to weekly reports on Ecuador’s economics, politics, crime and more. Not sure you want to commit? Don’t worry, you can cancel anytime. For a limited time,subscribe now and get your first month for only $1. Regular subscriptions available at $4.99/month or $42/year. Subscribe now!
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