Category Archives: Finance

CURAÇAO GAMING INDUSTRY, A BRIEF INTRODUCTION

When asked to write about the Curaçao Gaming Industry, honestly, we had to think twice. On one hand, it is an outstanding opportunity to address an important topic, while on the other hand, it could be risky, given the negative association many people have with the industry. Should that risk be a reason to pass? […]

Checks Remain Valid at Local Banks

Curaçao’s commercial banks have abandoned their recent efforts to eliminate payment checks from the local banking industry. In a recent push towards embracing fullyautomated ban­king and guiding Curaçao forward into a world of e-com­merce, many of the local banks attempted to phase-out the use of all checks. However, this move was met with great resistance. […]

CINEX SMART INVESTMENT SUMMIT 2019

The Orange economy is sometimes also referred to as the Creative economy. It includes industries such as digital media, software development, visual arts and advertising. Curaçao Investment and Export Promotion Agency (CINEX) hosted its two-day Smart Investment Summit on August 28th and 29th featuring an inspiring range of presentations on this subject. Topics included Smart […]

OUROX TAKES FIRST STEPS TO DEVELOP AN INNOVATIVE SECURITIES EXCHANGE FOR LATIN AMERICA AND THE CARIBBEAN

The American FinTech start-up OuroX, founded by South American entrepreneurs, signed a letter of intent with the Suriname Stock Exchange with the goal of establishing a modern digital National Securities Exchange, headquartered in Suriname. This first step paves the way for OuroX to develop and operate the new digital National Securities Exchange. OuroX uses blockchain […]

EXPLORING THE E-COMMERCE OPPORTUNITIES FOR OUR LOCAL BUSINESS COMMUNITY

The development of online services and e-commerce companies is on the rise throughout the world and gene­rating billions annually. Most business owners in Curaçao have already created websites and made full use of social media outlets such as Instagram and Facebook, but only a handful of these merchants use e-commerce websites to sell and complete […]

INNOVATING THE ACCOUNTING PROFESSION THROUGH EDUCATION, TECHNOLOGY AND CONNECTIVITY

Website: globalintmanagement.comLocation: New York, NY | Willemstad Curaçao | Remote office Paramaribo Suriname | Managing Director: Rocher Cyrus CPA, CGMADescription: The company is innovating the audit and accounting profession through Education, Technology, and Connectivity. Following a career exceeding thirteen years at PwC and KPMG, Rocher Cyrus CPA, CGMA founded Global International Management, LLC with the […]

Insured retirees in Curaçao live longer than in the Netherlands

Life expectancy of those insured with a pension in Curaçao is higher than in the Netherlands, according to research done by Buck Consultants. Buck combined the data of those insured with pension insurance in Aruba, Bonaire, St. Maarten and Curaçao and compared them with the figures from the Netherlands. In general, life expectancy in Holland […]

CARIBBEAN FINANCE MINISTERS DISCUSS ECONOMIC PROBLEMS IN THE REGION

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 GIANT UNILEVER BREAKS GROUND FOR FACTORY IN CUBA

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 […]