Panama Canal chooses financial backers

The first stage of a US$2.3 billion syndicated loan package to finance the expansion of the Panama Canal, a US$300 million loan from the International Finance Corporation, has been announced.

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Court of Appeal denies appeal of Divi

Divi St. Maarten Holding N.V. (“Divi”), the international hotel chain owner and operator had initiated administrative proceedings against the Island Government of St. Maarten, on the basis of damages incurred by Divi as a consequence of the determination by the Island Government as conservation area, of a parcel of land on which Fort Amsterdam, a 400 year old Fort is situated.

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Negotiations with Jamaica postponed

The negotiations regarding a fiscal treaty between the Netherlands Antilles and Jamaica have been postponed. So reports the State Secretary of Finance Alex Rosaria.

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High Council annuls travel ban again

The High Council has annulled the travel ban for convicted drug traffickers again yesterday because the current Antillean legislation does not permit such a travel ban.

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Governing Body (BC) must bend to Knip option

The Governing body has to give it’s opinion about the option which has currently been taken by the foundation Stichting Particulier Fonds Cori about a piece of property at Grote Knip. That is what the judge found yesterday after handling the case which developer Randy Neuman brought on against the island territory.

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Janssen de Jong acquires 49 percent in airport

While share sales in the airport by Alterra and A-Port have encountered problems, shareholder Janssen de Jong has in all secrecy enlarged its interest to 49 percent. This transaction has in the meantime been finalized, confirms Clift Christiaan, managing director of Curaçao Airport Holding (CAH).

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Besluitenlijst Bestuurlijk Overleg Gefaseerde Ontmanteling ondertekend

Hedenavond om 20:30 uur is in het Westin Hotel te Dawn Beach (St.Maarten) van het op 24 november 2008 overeengekomen Besluitenlijst Bestuurlijk Overleg Gefaseerde Ontmanteling tussen het Land de Nederlandse Antillen en de Eilandgebieden Curaçao en Sint Maarten ondertekend.

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Dutch Caribbean Court Decision in telecom case

Scarlet about to enter telecom market in Sint Maarten - On 18 November 2008, the Administrative Court in Sint Maarten ruled that the Executive Council of Sint Maarten was not authorized to refuse Scarlet a business license for the provision and operation of international telecommunications services in Sint Maarten.

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Close look at Apna-policy

Upon request of Minister Ersilia de Lannooy (Finance, PNP), the Bank of the Netherlands Antilles has been investigating the procedures, decision-making processes, figures and policy choices of the General Pension Fund of the Netherlands Antilles (APNA).

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Good corporate government for Land Curacao

The current Governing Body (BC) of Curacao would like to see government bodies function transparent and with integrity in the new autonomous Land Curacao, said commissioner Mike Willem (Finance, PAR) during the seminar ‘Integrity- and Risk analysis in Government-enterprises: from attention to necessity’ that was held in the Koetshuis of the Avila Beach Hotel last week Thursday in cooperation with KPMG.

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Island Council backs statute -laws

A council majority has approved three concept-statute laws on Friday. These statute laws must in the future regulate the Common Court, the Public Prosecutor, and the Council for Law enforcement. The mutual regulation detention-capacity and the decision-list of the Political Steering committee political changes were also approved during the meeting.

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Rosaria on Antillean Int. Financial sector

During his opening speech at the Round Table Conference for the Antillean International Financial sector (RTC-F), state secretary Alex Rosaria (Finance, PNP) emphasized that there is no local reason or room for panic among financial service providers, because this sector doesn’t only have a solid foundation, but partly thanks to a good diversification, it also endured the ravages of time. He also mentioned the first class supervision that guarantees the integrity.

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LGO of UPG: Wat is de beste keuze voor CuraƧao?

by Dr Flora Goudappel
Universitair hoofddocent Europees recht, Erasmus Universiteit Rotterdam

De keuze voor de status van Curaçao binnen de Europese Unie is om twee redenen actueel. Ten eerste betekent de aankomende nieuwe status van de eilanden van de Nederlandse Antillen binnen het Koninkrijk der Nederlanden een herijking van de Europese status omdat het voor de BES-eilanden eigenlijk onmogelijk is om een volwaardig deel van het Koninkrijk in Nederland te worden als zogenaamde LGO (dit staat voor ‘landen en gebieden overzee’).

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VVD threatens to stop supporting the process of the political reform

The VVD is threatening to stop supporting the process of the political reform, because the decision of Minister Ella Vogelaar (PvdA) not to introduce the controversial Cross-reference Index Antilleans (VIA), is too soft. 

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POK delegation concerned about financial supervision

From a meeting held yesterday, in which the Dutch participants in the Parliamentary Deliberation Kingdom-relations (POK), scheduled for January of next year, have listed their wishes for the agenda, it appears that they are concerned about the financial supervision.

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Committee for transfer of duties

A committee will be established to draw up a policy plan for the phased dismantling of the Land and the transfer of the Land’s duties to the island territory. The committee will consist of ministers, commissioners, and their advisors. That was settled last week during a deliberation between the Council of Ministers and the BC.

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Van Lanschot buys ING private banking

Van Lanschot Bankers has reached an agreement with ING Bank on the takeover of the private banking division of ING Bank NV in Curaçao by Van Lanschot Bankers (Curaçao) NV. ING Bank will continue the wholesale banking activities in Curaçao.

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Reference Index off

The Reference Index Antilleans (VIA) is off, announced Minister Ella Vogelaar (Living, Districts, and Integration, PvdA) this morning during a press conference in Fort Amsterdam. Vogelaar says that she has established that there is amongst the Antilleans ‘tactically very wide resistance’ against the separate registration of Antillean high-risk youth in the Netherlands, and has understood that this is experienced as a very painful symbol.

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Court in line with Aqualectra

The Court of First Instance gave an accelerated judgment yesterday afternoon in the case of utility company Aqualectra against the island government. The Court, which would originally rule on November 4, now gives parties the opportunity to come to a settlement. Parties have to notify the Court Thursday at the latest whether they have solved the matter together. If the two parties do not reach a consensus before the deadline, the final judgment will follow on Monday, November 10.

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"Euro parliamentary voting right in Kingdom consensus'

The Senate has accepted the expansion of the voting rights for the European Parliament in the Electoral Laws to all Dutchmen living in the Netherlands Antilles and Aruba without needing to vote on it. The CDA-fraction in the Senate wants to include the European Parliamentary voting rights in the (consensus-) Kingdom Act within the next three years.

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