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Gangs using technology to commit crimes and elude authorities

Gangs using technology to commit crimes and elude authorities

by | May 8, 2023 |

A gun printer, a highway surveillance center, and drone robberies are just some of the technological advances being used by criminals in Ecuadorian. Ecuador is currently facing a surge in crime and violence, with authorities identifying at least eight criminal gangs associated with drug trafficking. These gangs are involved in providing logistical, transportation, storage, and […]

Tax Reform Provides Progressive Deductions for Individuals with Monthly Income up to $3,000

by | May 8, 2023 |

Update to: SRI will apply new control for Income Tax Published: Volume 7, Issue 10 With the tax reform that the Executive submitted to the Assembly, the State’s income from Income Tax would be reduced by somewhere between $50-$200 million. The director of the Internal Revenue Service (SRI), Francisco Briones, explained that the government’s tax […]
So, we can just ignore the Constitution now?

So, we can just ignore the Constitution now?

by | May 8, 2023 |

The political situation in Ecuador has come to a head with the debate over the potential impeachment of President Guillermo Lasso. And it’s something every ex-pat should be worried about. On Saturday, after a month of back-and-forth petty arguments during the entire impeachment process, the Oversight Commission, which is tasked with deciding whether Lasso should […]

Ecuador Receives IDB Guarantee for Debt-for-Nature Exchange

by | May 8, 2023 |

Update to: Minister of Finance talks bonds for the Galapagos, tax reductions and the IMF and Petroecuador Published: Volume 7, Issue 15 The IDB is offering a multi-million-dollar guarantee to Ecuador to facilitate the debt swap process for the conservation of the Galapagos reserve. On May 3, 2023, the Inter-American Development Bank (IDB) extended an […]
After three and a half years of operation, Cuenca’s tram still not integrated with city’s bus lines

After three and a half years of operation, Cuenca’s tram still not integrated with city’s bus lines

by | May 8, 2023 |

Cuenca’s tram system has been grappling with reducing operating losses since its debut on September 22, 2019.  In 2022, Cuenca’s tram collected $2.7 million in fares, covering less than half of the annual operating cost of $5.5 million. The Municipality of Cuenca subsidizes the remaining operating cost. The tram also carries a debt of $50 […]

Lasso signs decree to use military to combat ‘terrorism’ in Ecuador

Published on May 08, 2023

Facebook Twitter Google+ LinkedIn Following Cosepe’s declaration of terrorism as a threat to Ecuador, President Lasso decrees that the Armed Forces can carry out military operations to confront terrorists. On May 3, 2023, the State and Public Security Council (Cosepe) of Ecuador declared terrorism as a threat to the country, following a surge of violence […]

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