Tag archive for ‘financial position’
TelEm Satelite Dish
By The Publisher On Tuesday, June 2nd, 2020
0 Comments

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...

SXM Airport terminal building - 20190916 JA
By The Publisher On Wednesday, November 6th, 2019
0 Comments

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...

Banco del Orinoco N.V.
By Online Editor On Friday, October 4th, 2019
0 Comments

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...

Richard Gibson - HH
By Online Editor On Thursday, March 9th, 2017
0 Comments

“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...