Welcome to the first edition of Curaçao Business, a business magazine that is geared towards small and medium business owners. It’s our goal to keep you informed on what’s happening on the island that would be of interest to you and your business. Business is a regional magazine across Holland and other parts of Western […]
TEXT BY HELEN GRIFFITH De-risking is a common practice in the banking industry whereby financial institutions sometimes opt to sever business relationships from certain companies due to the high cost of regulatory compliance and the comparatively low returns. Developing countries are often hardest hit by these practices. Earlier this year, the Economic Commission for Latin […]
Every year, the Dutch organization Sparq (www.sparq.nl) publishes the National Reception Barometer. This is a survey of the way guests are received in corporate, healthcare and governmental organizations. Are these guests truly made to feel welcome or does the conviviality leave a lot to be desired? This year, the results found that although reception is […]
Venezuela, Guatemala and the Dominican Republic are Latin America’s three least democratically developed countries, according to a report by Latin American political consulting company, Polilat, which measures the institutional, political and economic stability of the region and reveals an average fall of 3% in the South American continent and countries/islands in this area. According to […]
According to the United Nations, an increase in the average income of the population has resulted in a reduction of poverty levels by 1.2% in Costa Rica. Research conducted by the National Statistics and Census Institute, demonstrates that the change translates to 10,350 families who are no longer considered poor, raising the number of Costa […]
The Brazilian Ministry of National Education announced that in the framework of bilateral cooperation between Haiti and Brazil, the two governments signed a memorandum of understanding to strengthen technical cooperation in the field of vocational training. Training and qualification of technical personnel, project monitoring and evaluation, preparation of specific studies and detachment of experts are […]
The recently announced acquisition of SFT Bank by Vidanova has actually been in the works for over a year. On January 1, 2016, Vidanova became a 67% shareholder in SFT Bank in an effort to align the two companies, and exactly one year later, they sealed the deal with the purchase of a further 14% […]
International Monetary Fund, (IMF), Deputy Managing Director, Tao Zhang, stated that the current global financial situation, with its low interest rates, provides an opportunity for Caribbean countries to pursue adjustment, undertake liability management to lower financing costs, reduce debts to safer levels and facilitate lending. This will all contribute to a renewed balanced growth. During […]
Dutch consumer product giant, Unilever, is the largest foreign company to establish itself in Cuba. With the recent move to open up the Cuban economy to foreign investors, the government has created a special economic development zone at the Cuban port of Mariel that is intended to attract foreign investment. Unilever broke ground on a […]
Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance and LAFTA reports, Panama remains one of Latin America’s fastest growing economies. With its history of low inflation, this is a trend set to continue in the coming years with the IMF forecasting average annual growth of around 6.5% […]
