All about finances

Sint Maarten
By Edition On Monday, December 11th, 2017

Depletion of St. Maarten’s liquid assets worries CFT

THE HAGUE - The Committee for Financial Supervision CFT is warning against the complete depletion of the St. Maarten Government’s liquid assets as a result of the additional financial expenditures due to Hurricane More...

By Edition On Wednesday, November 15th, 2017

Banco di Caribe selects Accuity to optimise its transaction and account screening

MIAMI, WILLEMSTAD - Banco di Caribe (BdC), the third-largest bank in Curaçao, has selected Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, to optimize More...

Central Bank
By Edition On Thursday, November 9th, 2017

The CBCS announces a new bond issue on behalf of the Government of Curaçao

WILLEMSTAD - On Thursday, November 30, 2017, there will be a bond issue on behalf of the country of Curacao. The bond will have a semi-annual coupon as follows:  NAf 60,000,000 bond with duration of 30 years. More...

oil refinery
By Edition On Wednesday, November 8th, 2017

Moody’s downgrades PDVSA as Venezuela default looms

CARACAS, WILLEMSTAD - Moody’s Investors Service has downgraded Venezuelan state oil company PDVSA amid mounting speculation of an imminent corporate default. Moody’s lowered PDVSA’s bond credit ratings to More...

By Edition On Monday, November 6th, 2017

Trouble in paradise: Leaked files expose world’s elite using Caribbean islands as tax havens

BRIDGETOWN - As Caribbean countries continue their fight to throw off the tax haven label, some explosive information about the tax and financial affairs of people and companies who appeared to have invested or More...

By Edition On Wednesday, October 11th, 2017

GZE statement about the news in Curaçao on Oct. 9, 2017

We take this opportunity to clarify Guangdong Zhenrong Energy’s (GZE) position against the spreading of negative news in Curaçao on GZE and secure the confidence of the Curaçao people in us. This morning (Monday) More...

Photo Cft 4 october 2017
By Edition On Monday, October 9th, 2017

New Cft chairman Raymond Gradus: “Fulfilling crucial functions and management of government entities have to get more priority”

KRALENDIJK - During its visit to Bonaire on October 3rd the Board of financial supervision Bonaire, Sint Eustatius and Saba (Cft) emphasized the need for an adequate budget execution (such as key role functions) More...

Photo Cft 4 october 2017
By Edition On Wednesday, October 4th, 2017

New Cft Chairman Raymond Gradus: “Curaçao Budget 2017 developing inadequately”

WILLEMSTAD - During its visit to Curaçao, the Board of financial supervision Curaçao and Sint Maarten (Cft) indicated that the implementation of the 2017 budget was under great pressure. Revenue enhancing and More...

By Edition On Thursday, August 31st, 2017

Prime Minister: “Urgency plan is now finished!”

WILLEMSTAD - The first 100 days of the Rhuggenaath government are over which means that the urgency plan must take effect now. With this plan, the government wants to structurally tackle the most fragile cases of More...

By Edition On Wednesday, July 5th, 2017

Cft chairman Age Bakker: “Finalizing financial reports Sint Eustatius is of great importance”

ORANJESTAD - The submission of various financial reports to the Cft is still not up to standard. The chairman of the Board of supervision of Bonaire, Sint Eustatius and Saba (Cft) reached this conclusion during More...