Fitch Affirms Aruba's IDR at 'BBB-', Revises Outlook To Negative

ORANJESTAD - Fitch Ratings on ARuba says that the rating outlook has been revised form stable to negative.

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Government St. Maarten seeking refinancing options for small entrepreneurs

PHILIPSBURG--Government is currently working on securing refinancing options for small entrepreneurs in the country such as taxis, small sole proprietors, mom-and-pop shops, etc.

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Venezuela arrests ex-oil refining boss ror alleged graft

CARACAS - Venezuela has arrested the former refining boss of state oil company PDVSA for alleged corruption, two sources told the news agency Reuters on Monday, extending a crackdown on the OPEC nation’s ailing oil sector.

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Venezuela beschuldigt grote oliehandelaren van corruptie

CARACAS - De Venezolaanse staatsoliemaatschappij PdVSA beschuldigt oliehandelsbedrijven Trafigura, Vitol en Glencore van betaling van miljoenen dollars aan steekpenningen.

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Shareholder’s central bank meet

PHILIPSBURG - The annual meeting of the entitled asset holders of the Central Bank of Curaçao and St. Maarten (CBCS) was held in St. Maarten on Wednesday.

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Plan voor lagere financiering Insel Air

WILLEMSTAD - Het interim-management van Insel Air International werkt aan een alternatief reorganisatieplan om met een aanzienlijk lagere financiering dan de eerdere voorziene 5 miljoen dollar voort te kunnen.

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Again maritime and aerial blockade between Venezuela and ABC islands

WILLEMSTAD, ORANJESTAD – The Venezuelan National Institute of Civil Aviation (INAC) implemented a complete blockade between Venezuela and the ABC Islands, Aruba, Bonaire and Curaçao.

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Rebuilding of airport stalled by NAGICO refusal to pay full claim

PHILIPSBURG –The rebuilding of Hurricane Irma-damaged Princess Juliana International Airport (PJIA), one of the island’s main ports of entry and sub-hub for the Northeastern Caribbean, is stalled due to NAGICO Insurances’ refusal to swiftly assess and honour in full the airport’s multi-million-dollar insurance claim.

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Venezuelan PDVSA's refineries to run at 43 pct capacity in March

CARACAS - Venezuelan PDVSA’s refineries will operate at 43 percent of their total capacity in March due to a lack of spare parts, light crude and feedstock, according to an internal document from the state-run firm seen by Reuters on Wednesday.

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OM Nederland eist monitoring integriteitsrisico’s ING

ING wordt verdacht van vier witwas- en corruptiezaken. De bank kan vervolging voorkomen door het OM inzage te geven in toekomstige integriteitsrisico’s.

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Oliebedrijf PdVSA verder in de problemen op de Aruba, Bonaire en Curacao

CARACAS - De financiële problemen van het Venezolaanse oliebedrijf Petróleos de Venezuela (PdVSA) zijn zo groot dat de modernisering van de raffinaderij op Aruba door dochterbedrijf Citgo is vertraagd.

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Aruba government begins talks with U.S. over Aruba refinery pause

ORANJESTAD - The Aruba government said on Thursday it started talks with the United States after Houston-based firm Citgo Petroleum slowed work on an overhaul of the Caribbean island’s 235,000-barrel-per-day refinery due to a lack of credit.

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Venezuela launches world’s first Government-Backed digital currency: the Petro

CARACAS, Venezuela – Venezuela has formally launched its new oil-backed cryptocurrency, the Petro, as it seeks to pull itself out of economic crisis.

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Citgo Petroleum slows Aruba refinery revamp due to U.S. sanctions

HOUSTON / ORANJESTAD - Houston-based Citgo Petroleum has slowed work on an overhaul of its 235,000-barrel-per-day Aruba refinery due to a lack of financing stemming from U.S. sanctions on Venezuela’s state-run PDVSA, the refining firm said.

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Regering Suriname bestudeert bod Staatsolie voor overname goudaandelen

PARAMARIBO - De regering bestudeert het bod van Staatsolie om het belang van de Staat in de goudoperaties te Merian in het Patamaccagebied over te nemen. Hoeveel de oliemaatschappij heeft geboden, wordt niet prijsgegeven.

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Audit Chamber cites inadequate financial control of ‘Crime Fund’

PHILIPSBURG--A General Audit Chamber investigation into the Crime Prevention Fund has revealed “a lack of legal compliance, inadequate financial management, and a Minister of Justice who is not ‘in control.”

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Venezuela resorts to swaps to get oil imports for Curacao refinery

CARACAS - Venezuela’s state oil firm PDVSA has resumed crude imports for its 335,000-barrel-per-day Isla refinery in the Caribbean island of Curacao after a seven-month pause, as it seeks to turn around falling fuel output, according to internal PDVSA documents.

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PAWA Dominicana grounded because of debt

PAWA Dominicana (7N, Santo Domingo Las Américas) has been grounded by the Dominican aviation regulator citing its growing debt mountain.

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Micro-credit funds for Windward Islands

THE HAGUE--The Dutch Government has made 550,000 euros available for micro-credits in the Windward Islands through the non-profit organisation Qredits, Dutch State Secretary of Home Affairs and Kingdom Relations Raymond Knops confirmed on Monday.

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China's debt-ridden Guangdong Zhenrong taps private refiner for Caribbean project

BEIJING - China’s debt-ridden Guangdong Zhenrong Energy (GZE) has asked a private refining group to join a multi-billion dollar investment in an aging Caribbean oil plant to shore up financing on the deal, said two Chinese executives involved in the matter.

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