Category Archives: Finance

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 […]

PANAMA: THE FASTEST GROWING ECONOMY IN THE WESTERN HEMISPHERE

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% […]

E-Commerce and Payment Solutions for Merchants in the Caribbean

A key factor in any business expansion plan is cost containment and improving the company’s bottom line. E-commerce has redefined the way companies do business nowadays and companies are often scrambling to find a payment system that aligns with their business operations and enhances customer experience. TEXT BY LUIS SANTINE, MANAGING DIRECTOR OF INFOCAPITAL AND […]

Internal Transfer Pricing Documentation Requirement on Curaçao

As of January 1, 2017, the conditions agreed between affiliated parties with respect to intercompany transactions must be documented and properly accounted for. This includes the transfer prices charged, the transfer pricing method and the substantiation thereof. TEXT BY REJAUNA I.S. ROJER MSC, TAX CONSULTANT AT MEIJBURG & CO, CARIBBEAN Until recently, Curaçao did not […]

Making Money with Technology

You have a new idea. Your new idea involves using technology. You think you have an innovation on your hands. But wait… it’s only considered an innovation after it has successfully been implemented. And in the business world, if something is considered a success that means you have either increased your income, or managed to […]