Five oil tankers seized in Curaçao

oil refinery

WILLEMSTAD - The problems with Venezuela and its companies continue and Curaçao is right in the middle of it all. Venezuela has serious problems with its cash flow. The country does not have enough money to comply with its financial obligations, it is causing problems even here on the island. One of the problems in Curaçao are the oil tankers adorning More...

by Edition | Published 11 hours ago
By Edition On Friday, November 18th, 2016

Oil set for first weekly gain in five on OPEC deal optimism

LONDON - Brent crude oil prices were headed for their first weekly gain in five on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger U.S. dollar capped gains. Brent crude oil futures More...

Curacao Dry Dock
By Edition On Thursday, November 17th, 2016

Curaçao Dry Dock wants to become E-zone

WILLEMSTAD - The Curaçao Dry Dock (CDM) wants to continue with is new strategic partner Damen Shipyard as an offshore company. This was announced by the CDM management recently. In order to achieve this, the company More...

By Edition On Wednesday, November 16th, 2016

Panama Papers law firm fined $440,000 by BVI regulator

ROAD TOWN - The British Virgin Islands independent regulator, the Financial Services Commission (FSC), has fined the local arm of the Panama Papers law firm, Mossack Fonseca, $440,000 for its contravention of numerous More...

By Edition On Monday, November 14th, 2016

IMF agrees that withdrawal of correspondent banks poses significant risk to Caribbean

PORT OF SPAIN - A significant threat to Caribbean economies has emerged as global banks withdraw their correspondent banking relationships in these countries, the International Monetary Fund (IMF) has confirmed. More...

By Edition On Friday, November 11th, 2016

Signature under loan second Mega Pier

WILLEMSTAD - Funding for the Second Mega Pier was sealed yesterday by the concerned parties with their signature under the documents. Previously the General Pension Fund (APC) already indicated that they will invest More...

By Edition On Wednesday, November 9th, 2016

MoU between Guangdong Zhenrong and BP

BEIJING - Guangdong Zhenrong Energy, the company that wants to take over the Curaçao oil refinery after 2019, has signed a memorandum of understanding with the oil company BP. The two will work together commercially. The More...

Central Bank
By Edition On Monday, November 7th, 2016

Curacao’s debt almost two billion

WILLEMSTAD - Curaçao may borrow a total of nearly 4 billion guilders at an average interest of 3 percent. In practice Curaçao borrows much less: only 56 percent of the maximum allowed. This is according to a letter More...

Central Bank_front
By Edition On Friday, November 4th, 2016

Central Bank and other Latin American banks turn to Swift to combat de-risking threat

WILLEMSTAD - Eight Latin American central banks have signed up to adopt Swift's sanctions screening service and KYC Registry in an effort to combat the threat posed to the region by de-risking measures imposed in More...

By Edition On Tuesday, November 1st, 2016

Minister of Economic Development to promote agricultural sector

WILLEMSTAD - The Minister of Economic Development wants to encourage the economic strength of the agricultural sector. This will not only give a boost to the economy, but consumers can also choose to go more for More...