Tag archive for ‘financial position’
By The Publisher On Tuesday, June 2nd, 2020

Troubled TelEm

PHILIPSBURG – Telecom provider TelEm is in deep trouble, it appears from a letter it sent to the labor unions on Monday (June 1) about the decision to cut employee-salaries by 12.5 percent. The real situation More...

By The Publisher On Wednesday, November 6th, 2019

Financial position airport is “extremely fragile”

PHILIPSBURG – After a parliament meeting that lasted close to three hours and fifty minutes, Christian Party MP Claude Peterson’s motion that aimed to assure bondholders about the caretaker government’s authority More...

By Online Editor On Friday, October 4th, 2019

Court of First Instance of Curaçao declared BDO bankrupt

Willemstad – This morning the Court of First Instance of Curaçao declared Banco del Orinoco N.V. (BDO) bankrupt. Due to BDO’s severe dysfunctionality, the CBCS proceeded to revoke BDO’s banking license on More...

By Online Editor On Thursday, March 9th, 2017

“Position APS is worrisome”

GREAT BAY – The financial position of the General Pension Fund APS has become more worrisome in 2015, the General Audit Chamber writes in its audit of the fund’s 2015 financial statements. Finance Minister More...

NEW!!! NEW!!! NEW!!! NEW!!!