Venezuela’s PDVSA battered by Maduro’s “Economic War”


CARACAS - Venezuela is producing less oil every day with 1.6 million barrels per day, or nearly half when the so-called “eternal Commander” became President in 1999. The information is official, and it comes from OPEC itself. Venezuela is producing less oil every day with 1.6 million barrels per day, or nearly half when the so-called “eternal More...

by Edition | Published 12 hours ago
By Edition On Saturday, January 20th, 2018

Venezuela’s oil production collapsing along with its economy

CARACAS - The Paris-based International Energy Agency (IEA) reported on Friday that oil production from Venezuela’s state-owned, state-controlled, and state-operated energy company, PdVSA, dropped by 12 percent More...

First Caribbean
By Edition On Wednesday, January 17th, 2018

Mr. Edward Pietersz new country head CIBC FirstCaribbean appointed for Curaçao

WILLEMSTAD - CIBC FirstCaribbean has announced the appointment of Mr. Edward Pietersz as Country Head for Curacao. That appointment took effect from 1st January 2018. Mr. Pietersz reports to Mr. Mark McIntyre, the More...

Sambil Aerial 1 26112013
By Edition On Friday, January 12th, 2018

Sambil believes in the future of Curaçao and continues to invest

WILLEMSTAD - Sambil Curaçao is the largest shopping center on the island. When construction of this mall was announced, it came with mixed feelings. "Isn't this a little too big for such a small island?" Of course, More...

By Edition On Monday, January 8th, 2018

Dutch dividend withholding tax reform for COOP structures

WILLEMSTAD, THE HAGUE - The Netherlands recently proposed amendments to the Dutch Dividend Withholding Tax (DWT) Act. The new legislation came into effect on 1 January 2018 and includes changes to the dividend More...

Central Bank_front
By Edition On Thursday, December 28th, 2017

Central Bank: Economic Developments in 2017 and outlook for 2018

WILLEMSTAD - In her foreword on the latest report of the Central Bank of Curaçao and St. Maarten, Interim President Mrs. L. Matroos - Lasten said that the preliminary data suggest that real GDP contracted in the More...

By Edition On Wednesday, December 27th, 2017

Oil hits $60 a barrel for the first time in 2.5 years

HOUSTON - Oil prices spiked to their highest level in two and a half years after a pipeline exploded in Libya. Libya's state-run National Oil Corporation said the explosion jeopardized output by up to 100,000 barrels More...

By Edition On Tuesday, December 19th, 2017

Venezuela’s PDVSA at risk of losing Bonaire terminal over maintenance delay

HOUSTON - Venezuela’s PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government More...

Sint Maarten
By Edition On Monday, December 18th, 2017

Real GDP expansion in Sint Maarten in the first half of 2017

PHILIPSBURG - According to estimates of the Centrale Bank van Curaçao en Sint Maarten, Sint Maarten’s real GDP expanded at a slightly faster pace in the first half of 2017 (0.3%) compared to the first half of More...

By Edition On Monday, December 11th, 2017

China’s opening up of oil market under scrutiny after deals sour

BEIJING/SINGAPORE – A Chinese industry body said it could review rules covering the import of crude by new entrants after a private refinery failed to secure financing for 1.5 million barrels of crude it bought, More...