Central Bank: Increasing lending rate

Central Bank_front

WILLEMSTAD - On March 15, 2017, the U.S. Federal Reserve raised the federal funds rate to 0.75 - 1.00%. This was the third increase since the historically low level of 0.00 to 0.25%, which was used from December 16, 2008, until 16 December 2015. Due to the link of the Guilder to the US dollar, the interest rates on the international money market have More...

by Edition | Published 15 hours ago
By Edition On Monday, March 27th, 2017

Venezuela increased fuel exports to allies even as supply crunch loomed

CARACAS - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in fuel exports to foreign allies such as Cuba and Nicaragua and an exodus of crucial personnel from state-run energy company More...

Curacao Statistics
By Edition On Tuesday, March 21st, 2017

Consumer prices in Curacao: January 2017, prices 0.5 percent higher than in the month of December 2016; Inflation rate 0.0 percent

WILLEMSTAD - The consumer price index (CPI) of Curaçao increased in the month of January 2017 by 0.5 percent, from 124.2 in December 2016 to 124.8 in January 2017. The most notable changes in prices for January More...

By Edition On Tuesday, March 21st, 2017

Airport’s traffic figures show decline due to InselAir’s situation

WILLEMSTAD – The airport traffic figures for 2016 show that the precarious financial situation of the local aviation company InselAir certainly had its negative impact. The number of passengers that used the Hato More...

By Edition On Monday, March 13th, 2017

Order for Venezuela to pay Exxon $1.4 bln in damages overturned

CARACAS - A World Bank tribunal’s order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government said on Thursday. The case More...

By Edition On Thursday, March 9th, 2017

Oil slumps to lowest this year as traders focus on record supply

HOUSTON - Investors are finally taking record U.S. oil stockpiles seriously. Oil slumped the most in more than a year after government data showed production cuts from OPEC and other exporters have not been enough More...

By Edition On Monday, March 6th, 2017

Dutch assistance with air connections

WILLEMSTAD - Dutch senior officials and the Minister of the Interior and Kingdom Relations, Ronald Plasterk, were convinced by the Ministers Eugene Rhuggenaath of Economic Development and Suzanne Camelia-Römer More...

By Edition On Thursday, March 2nd, 2017

4th Quarter Tourism Performance Report

WILLEMSTAD - The overall arrivals to Curaçao in 2016 show a slight decrease of 5.6%. In total 441,331 stayover visitors travelled to Curaçao from January until December 2016. Click on the link below for the report 2016_Fourth_Quarter_Visitor_Arrivals_Report  More...

Central Bank
By Edition On Wednesday, March 1st, 2017

Disappointing economic performance in the monetary union during the third quarter of 2016

WILLEMSTAD/PHILIPSBURG – According to the Quarterly Bulletin of the Centrale Bank van Curaçao en Sint Maarten, the economic performance in the monetary union was disappointing during the third quarter of 2016. More...

By Edition On Wednesday, March 1st, 2017

Moody’s: Trump border tax could hit LatAm via currency shift

The proposed 20% US border adjustment tax, could spur a rapid valuation of the dollar – as high as 25%, generating vulnerabilities for dollar-dominated economies across Latin America and the Caribbean (LAC) in More...