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Dutch Caribbean Business Guides

Adriaens doesn't understand UTS

August 05, 2008 12:33 PM

Telecom-minister Maurice Adriaens (FOL) doesn’t understand why UTS is speaking about unfair competition, if international cable company Columbus Networks Curacao receives a licence for international telephony and internet. He wants to discuss the matter with management and Board of Directors (RvC) of UTS soon.

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Regulator for internet gambling

August 05, 2008 12:23 PM

Establishing a body that regulates and supervises internet gambling in the Netherlands Antilles is a crucial step to keep this sector safe, corruption free, and internationally competitive. Especially now that the United States are getting more bitter in their fight against internet gambling, the Antilles must work on judicial and technical adjustments to utilize the opportunities that do exist in this branch.

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UTS-union Sitkom angry at Columbus licence

August 05, 2008 12:16 PM

UTS-union Sitkom is against the decision of Telecom-minister Maurice Adriaens (FOL) to give the company Columbus Networks Curaçao a local licence to start providing international telephony and broadband-internet.  According to Sitkom-chair Emilio Brinken, Adriaens is consciously trying to harm UTS.  The minister is contradicting this.

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Bureau Telecommunication and Post (BTP) ordered to supervise the Antillean internet network

August 05, 2008 11:49 AM

Telecom-minister Maurice Adriaens (FOL) has ordered Bureau Telecommunication and Post (BTP) to establish an institution that must supervise and control the internet in the Antilles; a kind of internet police.

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Ad in Ultimo calls on liable to punishment handling

August 05, 2008 11:03 AM

If a police officer considers the invitation of Ultimo Noticia to be paid for giving information to the paper, he or she runs the risk to be convicted to four years imprisonment.

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Willy Maal starts new proceeding on Oostpunt

August 04, 2008 7:53 AM

After eight  unsuccessful years of promises from numerous commissioners and several negotiation committees, owner of Oostpunt Willy Maal starts again with a lawsuit about the land. While from the political corner it’s said that the current committee is closer to a solution, Maal has no longer confidence in it. “They still cannot take a clear stand.”

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Judge also wants to await the Luminol-investigation

August 04, 2008 7:27 AM

Three things must become clear from the investigation with luminol in the Kaya Frater Fidelius in Jandoret that is currently being carried out by experts of the Dutch Forensic Institute: have the brothers Wawoe been in this home; have the bloodstains been much bigger than found at first; and the safeguarding of the DNA of the two suspects that are not yet arrested in the Shut-case.

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Investigation with luminol in Shut-case

July 31, 2008 3:29 PM

Experts of the Dutch Forensic Institute (NFI) and members of the Technical Investigation Service started with an investigation on the so-called Shut-case in a home at the Kaya Frater Fidelius in Jan Doret.  The investigation includes among others luminol, a substance that can reveal trails of blood.

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Report on Islamic Financing in the Netherlands Antilles

July 31, 2008 3:21 PM

In order to play a leading role in the region in regard to Islamic financing, the Netherland Antilles must consider the establishment of a national Sharia-council, states the report ‘The Netherlands Antilles: A New Mekka for Islamic Financing’? Sharia-councils, in which Islamic educated people take seat, are bodies of control in a bank or other financial institutions that determine to what extent a certain financial construction is halal (clean, thus allowable) or haram (prohibited).

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Development bank loans half a billion for ethanol power plants

July 31, 2008 2:51 PM

The Inter-American Development Bank is granting a loan of 269 million dollars (almost half a billion guilders) for the construction of three new ethanol power plants south of Brazil. It’s the biggest investment a development bank has ever given for bio-fuels. The loan should help the grant of another 389 million dollars (700 million guilders) from BNP Paribas to make the total investment feasible. The board of the bank granted the financing yesterday. Two of the three power plants are moreover complete. The first ethanol production is expected in September.

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Broadband license Columbus Networks

July 27, 2008 1:46 PM

The Bureau Telecommunications and Post (BTP) has given a green light for a license for the Columbus Networks Curaçao to offer international telephone and broadband internet services on Curaçao. Telecom-minister Maurice Adriaens (FOL) points out that the government expects Columbus to offer its services at ‘competitive prices’.

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Suspect stone thrower Nachtwacht arrested

July 27, 2008 1:37 PM

The 36-year old man suspected of throwing the stone which seriously wounded the 33 year old Carlos Moreno on the 26th of June has been arrested this morning at his home. The incident happened during riots in the Nieuwestraat street in Pietermaai, at the Café ‘De Nachtwacht’.

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Debt claims government increased on BNA balance

July 27, 2008 1:31 PM

In the month of June the combination of the increased debt claims on the government  and the decrease of the obligations to the government (7.8 million guilders) resulted in a deterioration of the net position of the government at the Bank.

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A judgment in contumacy is expected in Cubans vs Dok case

July 27, 2008 1:19 PM

In the lawsuit against the Curaçaose Droogdok Maatschappij (CDM) by the three Cuban ex-employers of CDM in Miami, a judgment in contumacy is expected.

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21 months conviction for managing director Mido Trust

July 27, 2008 1:04 PM

Minguelita Lourens (61), managing director of Mido Trust & Management NV, was sentenced to 36 months last week of which 15 months are conditional. Between the 1st of January 2003 and the 31st of December 2004 she embezzled more than 93 million guilders from her clients. A large sum of the money is still missing.

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BNA: Positive future through cooperation

July 23, 2008 4:50 PM

President-director Emsley Tromp of the Bank of the Netherlands Antilles (BNA) qualifies the growth of the Antillean economy as ‘robust’ for the year 2007. The growth figure of 3,7 percent which scores a realistic gross national product (GNP) hasn’t been this high since 1994.

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Antillean commercial banks fairly healthy

July 23, 2008 4:37 PM

From a global point of view, Antillean commercial banks have had a good year. During the presentation of the annual statistics of 2007 last week, president chief executive Emsley Tromp of the Bank of the Dutch Antilles (BNA) said the local banks to be ‘healthy’.

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Rabobank creates agricultural fund for Latin America

July 21, 2008 3:39 PM

Dutch bank Rabobank International has launched a sustainable agriculture fund for Latin America.
The Rabo Agri Fund was set up to improve access to local finance for cooperatives or companies buying raw material from small producers in the region’s agricultural sector.

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Legal controversy for quay

July 18, 2008 11:11 AM

Curaçao Ports Authority (CPA) has sent the Curacao Dry-dock Company (CDM) a 30-million guilder demand note. The amount is for past due quay charges and lease of the so-called EEG- quay that both CDM and CPA lay claim to.

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Island is spending more

July 18, 2008 11:08 AM

In May of this year, the island territory of Curacao has spent 13.7 guilders more than was budgeted. This appears from this month’s financial report of the island territory. The government assumed a disbursement of 74.8 millions for that month, but the actual spending was 88.5 millions, a difference of 18.3 percent.

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