News
Acknowledging consumer confusion, the government is stepping up its campagin to encourage Ecuadorians to switch from gas to electric cooktops. The Ministry of Energy is posting graphics on its website showing the energy savings of cooking with electricity instead of gas. The problem, some say, is the the cost of new electric units that can...
By Ben Casselman In 1994, California Governor Pete Wilson aired television ads showing people scrambling across the Mexican border near San Diego. “The rules are being broken,” a narrator intoned. “Pete Wilson has had the courage to say enough is enough.” Wilson, who at one point trailed in the polls, ended up cruising to an...
By Emma Weissmann For the Kichwa people of the Ecuadorian Amazon, teatime isn’t an afternoon tradition that pairs dainty finger sandwiches with porcelain cups. Instead, it begins at 3 a.m., when members of this indigenous community gather around a fire and brew guayusa, a highly caffeinated drink with twice the antioxidants of green tea. But...
For Colombia this week, two worlds collide. Its captivating side — led by the tournament’s star man James Rodriguez — is preparing for its first ever World Cup quarterfinal on Friday, hinting at a future full of promise. But that glamor tie against hosts Brazil also comes 20 years after perhaps Colombian football’s darkest hour...
Banana exports top 100 million boxes for first time According to a report from Ecuador’s Association of Banana Exporters, the country exported a record of 102,799,334 boxes of bananas in 2013. In 2012, 93,728,011 boxes were exported. The association says that 2014 exports are on pase to surpass the 2013 numbers. Ecuador is...
Latin America is in a better position to face the effects of the climatic event El Niño, forecast for this year, than on previous occasions due to fiscal improvements in many of the region’s economies over the last decade, said Moody’s Financial Service in a report. Meteorologists say chances of an El Niño affecting the...
The general manager and the chief auditor of the failed Cuenca financial cooperative Coopera were found guilty of money laundering by the Azuay Criminal Trial Court on Monday. The crime carries a prison term of six to nine years. Chief Judge Carmita Campoverde issued the guilty verdict for general manager Rodrigo Aucay and auditor Raúl...
For a dirt-road town without running water or a sewerage system, fibreglass Triceratops and T-rex may not be a top priority. The regional government of Arequipa in Peru disagrees, recently approving a 4-million sol ($1.4 million) dinosaur theme park in the arid district of Yura, 650 miles south-east of Lima. The construction of the ‘Los...
The University of Cuenca team hired by the city of Cuenca to develop a new taxi fare schedule is cautioning local taxi drivers against expecting a large increase over current fares. Victor Aguilar, dean of university economics department, says that his team of consultants must work within the parameters of the national traffic law, which...
Ecuador’s government says new banking regulation legislation is necessary to insure that the country does not suffer another banking crisis like the one that crippled the country in 1990 and 2000. Ecuador’s Minister for Economic Policy, Patricio Rivera, adds that lack of regulation of private banks puts too much power into the hands of a...
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Week of April 28
General Motors Auto Parts Manufacturer Laments: “Today Marks a Dark Day for the National Industry”.
Minister Requests Resignations in Termogás Machala, Dubbed ‘Epicenter of Energy Inefficiency’.
Chevrolet to Cease Car Assembly in Ecuador by August, Production to Halt in Colombia.
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