‘Central Bank must tackle loan sharks’

AlexRosaria

WILLEMSTAD - In a letter to the Central Bank, former Member of Parliament and former PAIS leader Alex Rosaria proposes that a legal maximum interest rate on loans is required to dampen the debt issues that are perceived on the personal level. “This debt issue leads to social misery on our island,” said the former politician, referring mainly to More...

by Edition | Published 2 days ago
amazon
By Edition On Friday, May 5th, 2017
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The near future of retail

The largest retailer in the world, amazon, is investing in traditional brick and mortar outlets. Many experts and industry pundits are predicting the demise of retail in the face of digitalization. But the notion More...

ECLAC
By Edition On Tuesday, May 2nd, 2017
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ECLAC report considers use of blockchain technology to combat de-risking

PORT OF SPAIN - A newly published report prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has found that recent developments in the field More...

oil refinery
By Edition On Tuesday, April 25th, 2017
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Venezuelan crude sales to the U.S. declined again in March

HOUSTON - Venezuelan crude oil sales to the United States declined in March for the third month in a row this year to 651,710 barrels per day due to falling exports of main grade Merey, according to Thomson Reuters More...

IMF
By Edition On Monday, April 24th, 2017
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IMF executive board discusses loss of correspondent banking relationships

WASHINGTON - On April 12, 2017, the executive board of the International Monetary Fund (IMF) discussed the staff report: “Recent Trends in Correspondent Banking Relationships – Further Considerations”. In More...

Oil-tanker-venezuela
By Edition On Tuesday, April 18th, 2017
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Banned at sea – Venezuela’s crude-stained oil tankers

HOUSTON/PUNTO FIJO – In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can’t set sail in international waters. The More...

Coins
By Edition On Wednesday, April 12th, 2017
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Central Bank: Fake five guilder coins in circulation

WILLEMSTAD - The Central Bank of Curaçao and Sint Maarten has determined that there are fake 5 guilder coins in circulation. This is about counterfeit coins with the year 1998 and 1999. These coins are slightly More...

world_bank_headquarters
By Edition On Monday, April 10th, 2017
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World Bank: Caribbean should spend better, not more

WASHINGTON  – Amid concerns about high spending by some Caribbean governments, the World Bank says there’s nothing wrong with spending. But rather than spend more, they need to spend better. It says Latin America More...

Willemstad
By Edition On Thursday, April 6th, 2017
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Consumer prices in Curacao: February 2017; Prices 0.6 percent higher than in the month of January 2017; Inflation 0.2 percent

WILLEMSTAD - The consumer price index (CPI) of Curaçao increased in the month of February 2017 by 0.6 percent that is from 124.8 in January 2017 to 125.6 in February 2017. The price development in February 2017 More...

Age Bakker (2)
By Edition On Wednesday, April 5th, 2017
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Age Bakker (Cft): “Capacity problems of Finance department Sint Eustatius will be addressed”

ORANJESTAD – During the visit of the Board of financial supervision of Bonaire, Sint Eustatius and Saba (Cft) to Sint Eustatius, the Executive Council explained in detail the decisions that have been taken to More...