Venezuela forced to shut down production as operations fall apart


HOUSTON - Every week the crisis in Venezuela takes a turn for the worse. There are now signs that its oil industry is entering a dangerous new phase. Argus Media reports that Venezuela has begun to “proactively shut in oil production to cope with nearly replete terminal storage, further accelerating an output decline and bringing the OPEC country More...

by Edition | Published 16 hours ago
Steven Martina
By Edition On Friday, June 15th, 2018

‘In order to realize economic development, you have to affect the environment here and there’

WILLEMSTAD - Minister of Economic Development Steven Martina sees, despite the heavy criticism, the development of the Jan Thiel area still as positive. According to the Minister, there is still a need for hotels More...

By Edition On Thursday, June 14th, 2018

Venezuela eyes first-ever refining of foreign oil

HOUSTON - Venezuela is considering refining foreign crude for the first time to produce fuels, the latest sign of the country's strain to meet its obligations despite having the world's largest crude reserves. State-run More...

By Edition On Tuesday, June 12th, 2018

Legislative proposal to let employers pay more days for sick employees

WILLEMSTAD - It is possible that employers will soon have to pay not for 2 sick days, but six. This is according to the Director of the Social Insurance Bank (SVB) Philip Martis. The insurance bank is struggling More...

Caribbean business hub
By Edition On Monday, June 11th, 2018

Bonaire and Curaçao International on the map during the Network Meeting of Caribbean Business Hub

THE HAGUE - On Thursday, June 7, 2018, the Network Meeting of Caribbean Business Hub took place in the classic room of the Curaçao House in The Hague. The diverse audience consisting of entrepreneurs, directors More...

By Edition On Thursday, June 7th, 2018

Sagicor rakes in US$115 million in profits despite economic problems in its markets

Sagicor Financial Corporation is flourishing while the Caribbean economies battle fiscal and debt problems. Group chief operating officer Ravi Rambarran earlier this week reported that last year, Sagicor recorded More...

Central Bank
By Edition On Tuesday, June 5th, 2018

Bridging Financial Innovation and Regulation Seminar 2018

WILLEMSTAD - On the 28th and 29th of June, 2018, the Centrale Bank van Curaçao en Sint Maarten (CBCS), in collaboration with CINEX, will be hosting the Bridging Financial Innovation and Regulation Seminar 2018. More...

electric cars
By Edition On Monday, June 4th, 2018

Green Force angry with gas station owners

WILLEMSTAD - Green Force is angry with the owners of gas stations on the island. They would want to stop driving electrically. According to the Environmental and Recycling Organization, the gasoline vendors only More...

hotel room
By Edition On Friday, June 1st, 2018

Hotels to invest 50 million

WILLEMSTAD - The hotels in Curaçao will invest almost 50 million guilders (30 million dollars) in the next one and a half years in the renovation and expansion of the hotel sector. Approximately 188 new rooms will More...

By Edition On Thursday, May 31st, 2018

Gasoline, diesel and water considerably more expensive in June

WILLEMSTAD - The new rates for fuel, electricity and water have been announced. First of all that of fuel, which starts on 5 June, as usual, the first Tuesday of the month. Gasoline and diesel prices are increasing More...