Business and the Economy
Economists fear that the downturn of the Dutch economy may have consequences for the flow of remittances to Surinam by The Netherlands’ 330.000 citizens of Surinam origin. These yearly transmit 125 million Euros to Surinam.
Surinam’s newest and largest hotel, Marriott Courtyard will open in April 2009.
Surinam has applied to host a regional UNDP headquarters, that is to be moved from Trinidad and Tobago. But the UNDP will most likely choose a lesser developed country as host. Surinam is expected to be a UN donor country in about five years, according to the Minister of Planning and Development, Mr van Ravenswaay.
Surinam state owned oil company Staatsolie announced investments of 85 million USD for carrying out new explorations in the 2008-2912 period. CFO Kortram also noted that oil reservies in the country amount to 73,7 million barrels, enough for 12,5 years of production at the present rate of 16.000 barrels a day.
Alumsur, the new state owned bauxite company is to get a 25 % stake in the Paranam refinery, Minister for Natural Resources Rusland announced. Negotiations and studies are nog yet completely concluded however.
The French Republic is to donate 25 million USD for the rehabilitation of the East-West Road, linking Paramaribo with the border of French Guyana.
Parbo beer shares are the most sought after shares at the Surinam Stock Exchange (SEB). Trade is slow on the exchange that lists 11 well run companies.
Surinam Police Chief Delano Braam noted in his Owru Yari (Year’s end) speech that 77 % of the Surinam population now feels secure. For 2008, the Surinam police collected 17 million SRD in fines.
Brazil announced plans to increase security at its borders with several neighbouring countries, among which Surinam. Extra platoons of border guards will be stationed at several locations to increase border control in the thick Amazon rainforests.
The Surinam National Army (NL) will gain new equipment, international training, new recruits and new military posts for the interior in 2009. The NL has international programs with the US, France, China, Brazil, India and the Netherlands. Along the border with Brazil, joint patrols are anticipated with the Brazilian forces. Overall aim is to increase the visibility of the NL.
(De Ware Tijd)