On Tuesday, Ecuador’s National Assembly approved a new tax reform proposed by President Daniel Noboa. Its goal is to boost the state’s budget by $832 million in 2024. This measure addresses Ecuador’s current economic challenges. The reform introduces free trade zones. It also offers tax incentives. These incentives aim to create jobs, especially for young […]
Related Posts
Mexican Exports to U.S. Hit Record 15.7% Market Share
Mexico has achieved a remarkable milestone in its trade relationship with the United States. Recent data from the US Census Bureau reveals a significant shift in import patterns. Mexico now stands as the leading external supplier to the US market, surpassing both China and Canada. The figures paint a clear picture of Mexico’s growing influence. […]
Thai Central Bank Cuts Rates, Philippines Follows, Indonesia Holds Steady
In October 2024, three Southeast Asian central banks made significant monetary policy decisions, reflecting the diverse economic landscapes of their respective countries. The Bank of Thailand surprised markets with an unexpected rate cut, while the Philippine central bank followed suit with a more anticipated reduction. Meanwhile, Bank Indonesia chose to maintain its current rate. The […]
Venezuela begins to collect evidence with a view to an international trial against the U.S.
The Venezuelan National Assembly has established a commission to review statements by former U.S. President Donald Trump and his administration officials. The commission aims to document instances of perceived U.S. aggression towards Venezuela, potentially leading to international legal action against the U.S. The commission was initially formed in response to Trump’s publicized intent to seize […]